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Kitchen Appliances Market to Eyewitness Massive Growth by 2027: Whirlpool Corporation; Morphy Richards; LG Electronics; Havells India Ltd

Data Bridge Market Research has provides the Qualitative and informative knowledge by adding titledKitchen Appliances Market by Product (Ovens, Microwaves, Refrigerators, Stoves, Dishwashers, Water Purifiers, Others), End-Use Application (Commercial, Household), Structure (Free-Stand, Built-In), Distribution Channel (Direct, E-Commerce)Analysis and Forecast, 2020 – 2026”. Global Kitchen Appliances Market is expected to rise from its initial estimated value of USD 172.97 billion in 2018 to an estimated value of USD 296.74 billion by 2026, registering a CAGR of 6.98% in the forecast period of 2019-2026. This rise in market value can be attributed to the increased levels of innovations and technological advancements activities adopted by the players in the market.

Few of the leading organizations’ names are listed here- Whirlpool Corporation; Morphy Richards; LG Electronics; Havells India Ltd.; SAMSUNG; Electrolux; Koninklijke Philips N.V.; Haier lnc.; Panasonic Corporation; BSH Home Appliances Group; Hitachi Appliances, Inc.; Mabe; Midea Group and Miele & Cie. KG.

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Succinct Description of the Market:

Kitchen appliances can be defined as the electrical devices and equipments that promote the ease of use and life in cooking and associated activities in the kitchen. These devices are set for a particular way of usage according to their purpose and characteristics. These appliances majorly consist of small appliances barring some of the major appliances such as refrigerators, stoves, etc.

Market Drivers:

  • Increasing levels of disposable income which has enabled a number of consumers to purchase the advanced and innovative products being presented by the manufacturers

Market Restraints:

  • Cost of operation, maintenance and environmental impact associated with the working of these appliances

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In this study, the years considered to estimate the market size of Kitchen Appliances are as follows:

History Year: 2014-2018

Base Year: 2019

Estimated Year: 2020

Forecast Year 2020 to 2027

Crucial Market Segment details-:

  • By Product
    • Ovens
    • Microwaves
    • Refrigerators
    • Stoves
    • Dishwashers
    • Water Purifiers
    • Others
      • Kettles
      • Coffee Machines
      • Toasters
      • Blenders
      • Others
  • By End-Use Application
    • Commercial
    • Household
  • By Structure
    • Free-Stand
    • Built-In
  • By Distribution Channel
    • Direct
    • E-Commerce

Methodologies utilized to evaluate the market-:

In February 2019, Electrolux announced the launch of new appliances for home and kitchen in the North America region at the 2019 “Kitchen and Bath Industry Show (KBIS)” in Las Vegas, United States. The products launched under the Frigidaire brand included an oven with air fry technology, as well as customizable refrigerator drawer with the capability of being converted into a freezer; along with the introduction of climate-controlled wine cellars from its Vintec brand.

In August 2018, LG Electronics announced the introduction of an extension to its “LG SIGNATURE” brand at the Internationale Funkausstellung Berlin (IFA) 2018 held in Berlin, Germany. The new products included a wine cellar, dryer and a bottom-freezer refrigerator.

Research strategies and tools used-:

This KITCHEN APPLIANCES market research report helps the readers to know about the overall market scenario, strategy to further decide on this market project. It utilizes SWOT analysis, Porter’s Five Forces Analysis and PEST analysis.

Table of Contents

1 Kitchen Appliances Market Overview

2 Manufacturers Profiles

3 Global Kitchen Appliances Market Competitions, by Players

3.1 Global Kitchen Appliances Revenue and Share by Players

3.2 Market Concentration Rate

3.2.1 Top 5 Kitchen Appliances Players Market Share

3.2.2 Top 10 Kitchen Appliances Players Market Share

3.3 Market Competition Trend

4 Global Kitchen Appliances Market Size by Regions

5 North America Kitchen Appliances Revenue by Countries

6 Europe Kitchen Appliances Revenue by Countries

7 Asia-Pacific Kitchen Appliances Revenue by Countries

8 South America Kitchen Appliances Revenue by Countries

9 Middle East and Africa Revenue Kitchen Appliances by Countries

10 Global Kitchen Appliances Market Segment by Type

11 Global Kitchen Appliances Market Segment by Application

12 Global Kitchen Appliances Market Size Forecast (2019-2027)

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Conclusion:  

This Kitchen Appliances research report gives the outcome that matters most to the client. The research carried out in this report suggests what is going to be beneficial and how the report will help the business to grow.

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