Press release
Electric Kitchen Appliances Market research and analysis by expert top companies, growth drivers, industry challenges, and opportunities to 2027
Electric kitchen equipment have become a need in today's world. Today's market is flooded with a variety of appliances meant to meet the diverse needs of consumers around the country when it comes to preparing homemade meals. Increasing numbers of working women, fast urbanisation, a growing number of households, a rise in dual-income nuclear families, improving standards of living, greater disposable income, and higher per-capita spends on lifestyle items are all key factors driving market expansion.Electric Kitchen Appliances Market size was valued at $237.3 Billion in 2019 and is expected to reach $377.70 Billion by 2027, registering a CAGR of 6.0% from 2021 to 2027.
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The electric kitchen appliances sector in India is examined in depth in this research. Mixer grinders, juice extractors, juicer mixer grinders, food processors, food blenders, choppers, hand mixers, induction cooktops, electric cookers, microwave ovens & OTG, toasters and sandwich makers, coffee makers, and electric kettles are among the most common electric kitchen equipment. Tea maker, griller, tandoor, steamers, fryers, roti, and bread maker are other small categories in the Indian market.
Top key players: GE, LG, Amica Group, Siemens, Bosch, Philips, Samsung
The Electric Kitchen Appliances Market is covered in this study in several major categories. The number of businesses and their sales revenues are currently accessible data that is used to evaluate global market trends. According to geographical research, Asia Pacific market revenue is anticipated to grow significantly over the forecast period as a result of rising production in APAC nations like China and India. Furthermore, China is the world's largest producer and consumer, which is likely to boost regional Electric Kitchen Appliances Market expansion in the future. The regional market's revenue growth is projected to be boosted further by increased adoption and increased awareness among producers.
Electric Kitchen Appliances Market , By Type:Small Electric Kitchen Appliances, Large Electric Kitchen Appliances
Electric Kitchen Appliances Market , By Application:Household, Restaurant
The epidemic of COVID-19 is wreaking havoc on the sector. The demand is experiencing significant shocks across multiple end-use sectors, global supply chains are disrupted, and the competitive order has shifted. The worldwide Electric Kitchen Appliances Market has sped up to an oversupply scenario due to a lack of demand. Movement limitations appear to have a direct and immediate impact, and it is believed that things will return to normal once the obligatory social separation stops.
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Key choices of the report:
• Key drivers & Opportunities: Detailed analysis on riding elements and possibilities in one of a kind segments for strategizing.
• Current tendencies & forecasts: Comprehensive evaluation on modern trends, development, and forecasts for subsequent few years to take subsequent steps.
• Segmental analysis: Each phase evaluation and riding elements alongside with income forecasts and boom charge analysis.
• Regional Analysis: Thorough evaluation of every location assist market gamers devise growth techniques and take a leap.
• Competitive Landscape: Extensive insights on every of the main market gamers for outlining aggressive state of affairs and take steps accordingly.
FAQs:
1.Who are the key market players in the market?
2.What CAGR is the global market expected to register throughout the forecast period?
3.Which region is expected to dominate other regional markets in the global market?
"
Amit Jain
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