According to a new report, published by KBV research, 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 Supermarket & Hypermarket segment would exhibit a CAGR of 7.7% during (2023 - 2030). Supermarkets & hypermarkets offer various built-in kitchen appliances, providing consumers with numerous options for brands, models, and functionalities. This extensive availability ensures customers can find appliances that suit their preferences and budget within a single shopping location. The convenience of purchasing built-in kitchen appliances alongside other household items in a supermarket or hypermarket simplifies the shopping process for consumers.
The Residential segment is registering maximum revenue in the Global Built-In Kitchen Appliances Market by Application in 2022; thereby, achieving a market value of $19.0 billion by 2030. The trend towards open concept living spaces has influenced the integration of built-in kitchen appliances. With kitchens seamlessly flowing into living and dining areas, integrating appliances into cabinetry creates a cohesive look, promoting a unified and harmonious design throughout the residential space. Including built-in kitchen appliances can enhance the resale value of residential properties.
The Built-in Hobs segment is experiencing a CAGR of 7.8% during (2023 - 2030). Built-in hobs contribute to the overall aesthetic integration of the kitchen. They are designed to seamlessly blend with the surrounding countertops and cabinetry, creating a cohesive and visually appealing look. The uniformity achieved through the integration of appliances enhances the modern and stylish appearance of the kitchen space. Built-in hobs often have enhanced safety features, such as flame failure devices, child lock features, and touch-sensitive controls.
The Europe region is generating the highest revenue in the Global Built-In Kitchen Appliances 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. The North America region is anticipated to grow at a CAGR of 7.3% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 8.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/built-in-kitchen-appliances-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.?. (Koç Holding A.?)
By Distribution Channel
By Application
By Product Type
By Geography
Companies Profiled
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