The Kitchen Appliances Market is Predict to reach $336.1 Billion by 2030, at a CAGR of 6.2%

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Kitchen Appliances Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Kitchen Appliances Market size is expected to reach $336.1 billion by 2030, rising at a market growth of 6.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,62,291.1 thousand Units experiencing a growth of 6.6% (2019-2022).

The Free Stand segment is generating the highest revenue in the Global Kitchen Appliances Market by Product Structure in 2022; thereby, achieving a market value of $230.7 Billion by 2030. Freestanding appliances are relatively easy to install, as they do not require customization or modifications to the kitchen layout. Freestanding appliances can be moved and repositioned within the kitchen or relocated to a different room. Freestanding appliances are typically more budget-friendly than built-in or integrated appliances. Using freestanding appliances does not require permanent changes to the kitchen's design, making them suitable for rental properties or kitchens where flexibility is desired.

The Cooking Gas segment is experiencing a CAGR of 6.5% during (2023 - 2030). Cooking gas appliances provide instant and consistent heat, allowing quick heating and cooking. This is particularly beneficial for stovetops and ovens where precise temperature control is crucial. Gas stoves and ovens offer more even heat distribution, lowering the risk of hot spots and ensuring that food cooks uniformly. Modern gas appliances have safety features, such as automatic shut-off valves and flame sensors, to reduce the risk of gas leaks and fires. Natural gas is considered a cleaner-burning power than coal or oil, contributing to lower greenhouse gas emissions when cooking.

The Household segment is registering maximum revenue in the Global Kitchen Appliances Market by User Application in 2022; thereby, achieving a market value of $200.3 Billion by 2030. The demand for kitchen appliances among end consumers in households is on the rise due to alterations in lifestyle choices and a corresponding surge in disposable income. There is an observed increase in the adoption of modular kitchens by residential consumers. An increasing number of consumers are selecting sophisticated and advanced built-in kitchen appliances to improve the visual appeal of the kitchen. Moreover, the introduction of technologically advanced kitchen appliances inspires individuals to upgrade their conventional kitchen into a smart kitchen.

The Cooking Appliances segment is exhibiting a CAGR of 6.6% during (2023 - 2030). Additionally, cooktops and culinary ranges, ovens, and other devices comprise the cooking appliances subsegment. Further, the cooking appliance segment is impacted by the trend toward digital homes and connected devices. The demand for remote-controllable and monitorable appliances via smartphones or voice assistants is growing among consumers. Many technologically inclined consumers are adopting smart culinary appliances that include remote temperature control, recipe suggestions, and integration with smart home ecosystems.

The North America region dominated the Global Kitchen Appliances Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $108.9 Billion by 2030. The Europe market is anticipated to grow a CAGR of 5.8% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 6.9% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/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 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.

Global Kitchen Appliances Market Segmentation

By Product Structure (Volume, Thousand Units, USD Billion/Million, 2019-2030)

Free Stand
Built-in

By Fuel Type (Volume, Thousand Units, USD Billion/Million, 2019-2030)

Electric
Cooking Gas
Others

By User Application (Volume, Thousand Units, USD Billion/Million, 2019-2030)

Household
Commercial

By Product Type (Volume, Thousand Units, USD Billion/Million, 2019-2030)

Refrigerator
Cooking Appliances
Dishwasher
Others

By Geography (Volume, Thousand Units, USD Billion/Million, 2019-2030)

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA

Companies Profiled

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)
Illinois Tool Works, Inc.

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