Press release
Kitchen Appliances Market to Witness Comprehensive Growth by 2027 | Electrolux, Whirlpool, Samsung, Philips
Growing technological advancement in development of kitchen appliances and rise in lifestyle standards of people due to significant increase in disposable incomedrive the growth of the global kitchen appliances market.However,higher rate of electricity consumption restrainsthe market growth. Furthermore,growing adoption of smart kithchen appliances and availability of quality product at reasonable pricesare expected to provide new growth opportunitiesfor the market player in near future.
The report offers a detailed segmentation of the global kitchen appliances market based onproduct type,user application, product structure, distribution channel,and region.
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Based on product type, the refrigerator segmentcontributed to the largest share in 2019, accounting formore than two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, thedishwasher segmentis estimated to portray the highest CAGR of 7.6% during the forecast period.
Based on application, the household segment accounted for the largest share in 2019, holding nearly three-fifthsof the total share, and is expected to maintain the largest share throughout the forecast period. However,the commercial segmentis expected to register the highest CAGR of 6.6% from 2020 to 2027.
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Based on region,North Americacontributed the highest share, accounting fornearly one-thirdof the total market share in 2019, and will maintain its dominance throughout the forecast period.However,Asia-pacificisexpected to grow at the highest CAGR of 7.1% from 2020 to 2027.
Leading market players analyzed in the research include Whirlpool
Electrolux
Philips
Samsung
Dacor
Morphy Richards
Life is Good (LG)
General Electric (GE)
Panasonic
Haier
Know More https://www.einpresswire.com/article/789371390/kitchen-appliances-market-exclusive-report-on-growth-opportunities-in-the-industry-2027-amr
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