The Europe Kitchen Appliances Market would witness market growth of 5.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 62,370.6 thousand Units, showcasing a growth of 6.3% (2019-2022).
Kitchen appliances are culinary implements intended to facilitate effortless preparation. Electricity or gas is utilized to power domestic appliances. These household appliances are primarily employed for cooking, storage, and cleaning. Although electric kitchen appliances are the prevailing choice, heating fuel, solar energy, and renewable energy sources all contribute significantly to the functionality of kitchenware appliances. Food processors, Blenders, and coffee makers are also included among these appliances, typically designed for countertop use. They are utilized for specific culinary purposes and are less expensive.
It is anticipated that market share will increase for cost-effective and energy-efficient products over the coming years due to the government's increased emphasis on reducing energy consumption. Primarily, cooking gas, solar energy, renewable energy, and electricity are utilized to power these appliances. Industries could be impacted by variables that influence the demand and supply of these fuels. During the forecast period, rural electrification is anticipated to stimulate industry expansion. The supply chain of the organization is of utmost importance within the sector, and the integration of the e-commerce platform is expected to encourage expansion.
The Federal Statistical Office (Destatis) reports that about one in ten (10%) households in Germany (3.7 million households) had smart energy management systems at the beginning of 2022. Smart energy management systems allow users to monitor and control their energy consumption, making them more aware of the energy efficiency of their appliances. This can lead to increased demand for kitchen appliances that are designed to be energy-efficient, ultimately reducing utility bills. The factors mentioned above will propel the market growth in this region.
The Germany market dominated the Europe Kitchen Appliances Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $20,854.7 Million by 2030. The UK market is experiencing a CAGR of 4.9% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 6.5% during (2023 - 2030).
Based on Product Structure, the market is segmented into Free Stand, and Built-in. Based on Fuel Type, the market is segmented into Electric, Cooking Gas, and Others. Based on User Application, the market is segmented into Household, and Commercial. Based on Product Type, the market is segmented into Refrigerator, Cooking Appliances, Dishwasher, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Kitchen Appliances Market will Hit $336.1 Billion by 2030, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Whirlpool Corporation, AB Electrolux, Haier Smart Home Co., Ltd. (Haier Group Corporation), Robert Bosch GmbH, Samsung Electronics Co., Ltd. (Samsung Group), Koninklijke Philips N.V., Panasonic Holdings Corporation, Morphy Richards (Guangdong Xinbao Electrical Appliances Holdings Co., Ltd), LG Electronics, Inc. (LG Corporation) and Illinois Tool Works, Inc.
By Product Structure (Volume, Thousand Units, USD Billion/Million, 2019-2030)
By Fuel Type (Volume, Thousand Units, USD Billion/Million, 2019-2030)
By User Application (Volume, Thousand Units, USD Billion/Million, 2019-2030)
By Product Type (Volume, Thousand Units, USD Billion/Million, 2019-2030)
By Country (Volume, Thousand Units, USD Billion/Million, 2019-2030)
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
