Kitchen Appliances Market size forecast to exceed USD 250 billion by 2023 - PowerPoint PPT Presentation


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Kitchen Appliances Market size forecast to exceed USD 250 billion by 2023


Kitchen appliances market size is forecast to hit USD 250.38 billion by 2023; according to the latest research report by Global Market Insights, Inc. – PowerPoint PPT presentation

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Title: Kitchen Appliances Market size forecast to exceed USD 250 billion by 2023

Kitchen Appliances Market size to exceed USD 250
billion by 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Kitchen Appliances Market
  • Refrigerator market size is forecast to be valued
    at over USD 109 billion by 2023 and is projected
    to grow at 4.7 CAGR from 2016 to 2023. This can
    be primarily attributed to eco-friendliness as
    well as energy efficiency, which helps replace
    the existing conventional products with
    capabilities for savings on utility bills.
  • Dishwasher market is projected to grow at 3.4
    CAGR over the forecast timeframe. It is expected
    to gain substantial share owing to rise in labor
  • Gas appliances are energy efficient and take less
    time for food preparation. Coffee makers, mixers,
    grinders, and food processors are commonly used
    electric kitchen appliances. Need to ensure
    awareness has led to governments and individuals
    installing solar energy equipped devices in
    schools and hospitals.

  • Commercial sector accounted for over 35 of the
    global revenue in 2015, and is set to exhibit
    growth owing to escalating demand of fast-food
  • Asia Pacific, with consumption dominated by China
    and India kitchen appliances market size, is
    estimated to be valued at USD over 75 billion by
    2023. This can be attributed to rising middle
    class population and disposable income in the
  • Key players are focusing on strengthening their
    product portfolio by new product development in
    order to gain competitive advantage. Prominent
    companies dominating kitchen appliances market
    share include LG Corp., Whirlpool Corp., Haier
    Group, and Samsung electronics.

Europe kitchen appliances market size, by
application, 2012 - 2023 (USD Billion)


Browse Full Market Research Report of Kitchen
Appliances Market _at_ http// Requ
est for a Sample of this Research report
_at_ https//
360 Analysis
  • Application Analysis
  • Residential kitchen appliances market size is set
    to surpass USD 150 billion by 2023. Since
    products such as refrigerators and cook tops are
    indispensable in households, the segment is
    projected to exhibit steady growth through the
    forecast timeframe. Considerable installed base,
    need for replacing dated equipment, and high
    demand for automation are among major growth
  • Regional Analysis
  • U.S. kitchen appliances market was the largest
    regional industry in 2015. Europe is expected to
    be one of the key industries, owing to the
    increasing use of products which are environment
    friendly and ergonomic. Furthermore, consumers
    are shifting more towards the use of appliances
    such as microwave ovens, induction cookers,
    induction ranges, and electricity operated
  • Competitive Market Share
  • LG Electronics, Haier, Samsung Electronics, and
    Whirlpool Corporation accounted for significant
    global kitchen appliances market share in 2015.
    Other companies include Electrolux, Panasonic,
    Philips, Robert Bosch, etc.
  • Low threat of product substitution and high entry
    barriers have resulted in moderate degree of
    competition. Companies continuously strive for
    equipment upgrades to cater to changing consumer

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