The Global Built-In Kitchen Appliances Market size is expected to reach $24.2 billion by 2030, rising at a market growth of 7.5% CAGR during the forecast period.
The aesthetic appeal of built-in ovens & microwaves is a significant factor driving their popularity. These appliances are often designed with a focus on sleek lines, modern finishes, and minimalist aesthetics. Therefore, the built-in ovens & microwaves segment captured $ 2,018.6 million revenue in the market in 2022. Integrating the kitchen's overall design contributes to a cohesive and stylish look, appealing to consumers who prioritize functionality and visual appeal in their kitchen spaces. Built-in ovens & microwaves offer a high degree of customization, allowing homeowners to choose appliances that seamlessly blend with their kitchen's design theme. From selecting matching finishes to coordinating sizes and styles, consumers have the flexibility to create a cohesive and harmonious kitchen layout. This customization enhances the overall design harmony of the space.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, in November, 2023, Whirlpool Corporation launched SlimTech insulation, which is a vacuum-insulated structure (VIS) technology incorporated into a refrigerator. The new product uses a proprietary material that is vacuum sealed into the door or sides of the refrigerator. In February, 2023, Haier Smart Home Co., Ltd. unveiled the Kinouchi 5 Star Heavy-Duty Pro Air Conditioner series. The new product offers the features of comfort control and supercooling and can be operated using the Haier Smart App.
Based on the Analysis presented in the KBV Cardinal matrix; Samsung Electronics Co., Ltd. and Hisense International Co., Ltd. are the forerunners in the market. In September, 2023, Hisense India Private Limited, a subsidiary of Hisense International Co., Ltd., introduced the television models U7K, U6K, and E7K in India. The new products have the features of mini-LED brilliance and intelligent AI enhancements. Additionally, the new products offer cutting-edge technology and a better viewing experience. Companies such as Panasonic Holdings Corporation, Haier Smart Home Co., Ltd., LG Electronics, Inc. are some of the key innovators in market.
Premium and luxury built-in appliances are often designed with meticulous attention to aesthetics. High-quality materials, sleek finishes, and elegant designs contribute to the overall visual appeal of the kitchen, making these appliances a statement of luxury and sophistication. Premium and luxury appliances are at the forefront of technological innovation. Consumers are attracted to built-in kitchen appliances incorporating advanced features, smart technologies, and cutting-edge functionalities, providing a seamless and modern cooking experience. The market is expanding significantly due to the growing preference for premium and luxury appliances.
The availability of these in dedicated showrooms and retail outlets allows consumers to experience the products firsthand. Showroom experiences contribute to informed decision-making and drive consumer interest. Showrooms provide consumers with the opportunity for hands-on exploration of built-in kitchen appliances. Being able to interact with appliances, open doors, operate controls, and experience the functionality firsthand allows consumers to make more informed purchasing decisions. As a result of the increasing retail trends and showroom experiences, the market is anticipated to increase significantly.
Repairing built-in kitchen appliances often requires specialized service technicians due to the complexity of the integration. Consumers may face high service call fees and hourly rates, contributing to the overall expense of maintaining these appliances. Built-in appliances may have limited DIY repair options compared to standalone appliances. Consumers accustomed to fixing minor issues with traditional appliances may find it challenging to address problems in built-in models, leading to increased reliance on professional services. High repair and maintenance costs is a significant challenge that hampers the growth of the market.
By product type, the market is categorized into built-in ovens & microwaves, built-in hobs, built-in hoods, built-in dishwashers, built-in refrigerators, and others. In 2022, the built-in refrigerators segment held the highest revenue share in the market. Built-in refrigerators contribute to a seamless and integrated appearance in modern kitchens. Built-in refrigerators are designed to optimize space efficiently, making them suitable for kitchens with limited square footage. Built-in refrigerators offer customization options, allowing homeowners to tailor the appliance to their design preferences. Built-in refrigerators contribute to the kitchen's overall functionality, providing convenient access to fresh and frozen foods.
On the basis of distribution channel, the market is divided into contract sales, exclusive stores, supermarket & hypermarket, online channels, and others. In 2022, the exclusive stores segment dominated the market with maximum revenue share. Exclusive stores focus on offering a curated selection of built-in kitchen appliances, showcasing the latest models, designs, and features. This curated approach allows consumers to explore options that meet specific design preferences, functionality requirements, and technological advancements. Staff in exclusive stores are often trained experts in the features and specifications of the built-in appliances they sell.
Based on application, the market is classified into residential and commercial. The commercial segment acquired a substantial revenue share in the market in 2022. In commercial kitchens, where the cooking volume is often high, the customization options offered by built-in appliances become crucial. Customizing the layout and features of the kitchen with built-in appliances allows chefs and kitchen staff to create a functional and efficient workspace tailored to their specific needs. Built-in kitchen appliances in commercial settings contribute to an efficient workflow, leading to increased productivity.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 13.6 Billion |
| Market size forecast in 2030 | USD 24.2 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 7.5% from 2023 to 2030 |
| Number of Pages | 297 |
| Number of Table | 394 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product Type, Distribution Channel, Application, Region |
| Country scope |
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| Companies Included | Robert Bosch GmbH, AB Electrolux, Haier Smart Home Co., Ltd. (Haier Group Corporation), Whirlpool Corporation, Panasonic Holdings Corporation, LG Electronics, Inc. (LG Corporation), Elica S.p.A. (FAN S.A.), Samsung Electronics Co., Ltd. (Samsung Group), Hisense International Co., Ltd., and Arçelik A.Ş. (Koç Holding A.Ş) |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe region led the market by generating the highest revenue share. European consumers often prioritize aesthetics in kitchen design. Many European kitchens are characterized by limited space, driving the demand for space-efficient designs. European cities' urbanization and smaller living spaces favour compact and integrated kitchen solutions. There is a growing emphasis on energy efficiency and sustainability in European households.
Free Valuable Insights: The Global Built-In Kitchen Appliances Market size to reach USD 24.2 Billion by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, AB Electrolux, Haier Smart Home Co., Ltd. (Haier Group Corporation), Whirlpool Corporation, Panasonic Holdings Corporation, LG Electronics, Inc. (LG Corporation), Elica S.p.A. (FAN S.A.), Samsung Electronics Co., Ltd. (Samsung Group), Hisense International Co., Ltd., and Arçelik A.Ş. (Koç Holding A.Ş)
By Distribution Channel
By Application
By Product Type
By Geography
This Market size is expected to reach $24.2 billion by 2030.
Growing preference for premium and luxury appliances are driving the Market in coming years, however, High repair and maintenance costs restraints the growth of the Market.
Robert Bosch GmbH, AB Electrolux, Haier Smart Home Co., Ltd. (Haier Group Corporation), Whirlpool Corporation, Panasonic Holdings Corporation, LG Electronics, Inc. (LG Corporation), Elica S.p.A. (FAN S.A.), Samsung Electronics Co., Ltd. (Samsung Group), Hisense International Co., Ltd., and Arçelik A.Ş. (Koç Holding A.Ş)
The expected CAGR of this Market is 7.5% from 2023 to 2030.
The Residential segment is registering maximum revenue in the Market by Application in 2022; thereby, achieving a market value of $19.0 billion by 2030.
The Europe region is generating the highest revenue in the Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $9.0 billion by 2030.
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