According to IMARC Group, The global kitchen appliances market is expected to exhibit a growth rate (CAGR) of 4.18% during 2023-2028.
Kitchen appliances represent the devices and instruments utilized for efficiently performing activities. They operate through gas or electricity and are mainly used for storage, cooking, and cleaning functions. Kitchen appliances are available in various materials, styles, colors, sizes, and mechanisms and include devices, such as refrigerators, stoves, blenders, ovens, and dishwashers, which aid the user in saving energy, time, and costs while cooking. As a result, these instruments find widespread applications in residential and commercial sectors and are extensively available across supermarkets, convenience stores, hypermarkets, specialty stores, etc., across the globe.
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The escalating demand for technologically advanced and modern instruments, which make cooking and storing food more efficient and convenient, owing to the emerging trend of urbanization, is among the primary factors driving the kitchen appliances market. Besides this, the growing popularity of smart devices that can be connected to wireless, Internet, or Bluetooth and can be controlled remotely through a smartphone is further augmenting the market growth. Moreover, the introduction of modular and energy-efficient kitchen appliances, including induction cooktops, speed cooking ovens, and warming drawers by the leading manufacturers, such as Whirlpool Corporation, AB Electrolux, Samsung Electronics Co. Ltd., LG Electronics, Winia Daewoo Electronics, Panasonic Corporation, Haier Group Corporation, etc., is also catalyzing the global market. Apart from this, the elevating requirement for healthy consumer eating habits and devices that allow oil-free cooking and retention of various heat-sensitive nutrients, on account of the increasing health consciousness, especially among the young population, is acting as another significant growth-inducing factor. Furthermore, the booming e-commerce sector, the expanding working people, and the inflating disposable income levels are anticipated to propel the kitchen appliances market over the forecasted period.
Top 10 Kitchen Appliances Brands in the World
- Whirlpool Corporation
- AB Electrolux
- Samsung Electronics Co. Ltd.
- LG Electronics
- Winia Daewoo Electronics
- Panasonic Corporation
- Haier Group Corporation
- BSH Hausgeräte GmbH
- Miele & Cie. KG
- Sub-Zero Group, Inc.
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