The global kitchen appliances market size was USD 171.68 Billion in 2021 and is expected to register a revenue CAGR of 3.3% during the forecast period, according to the latest analysis by Emergen Research. Technological advancements in kitchen appliances and launch of innovative products are factors projected to support market revenue growth between 2021 and 2030. For example, presently dishwashers are manufactured with more innovative designs, operate more quietly, use less electricity, and clean more thoroughly. The US Department of Energy (DoE) claims that modern dishwashers conserve water and energy by using less water to wash a load of dishes than hand washing. Additionally, for even more thorough cleaning, these machines may produce water at much higher temperatures than one can safely expose to their skin. Dishwashers are now more well-known to customers as a result of pandemic. Today, majority of people in developing countries live in nuclear families and apartment culture is spreading throughout cities. Regular dishwashers size, which makes it difficult for them to fit in smaller kitchens, is one of the difficulties associated with them. The recently released little dishwasher may be conveniently placed over a counter or on top of a table without taking up any floor space. Small households frequently wonder whether they actually need a full-sized dishwasher considering their meager dishwashing requirements. For instance, Godrej & Boyce launched Godrej Eon Magnus Counter-Top Dishwasher to manage dishwashing requirements of smaller families. Godrej Eon Magnus Counter-Top Dishwasher is a small model with 8 place settings that can easily wash all typical dishes for two to three-person homes.
The report is updated with the impact of the COVID-19 pandemic on the Kitchen Appliances market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Kitchen Appliances market has been positive or negative. It also sheds light on the effect of the financial difficulties and supply disruption caused by the pandemic in the overall growth of the market. Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the Kitchen Appliances market.
Competitive Outlook: The leading companies operating in the Kitchen Appliances market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Kitchen Appliances Market and Profiled in the Report are:
AB Electrolux, Whirlpool Corporation, LG Electronics, Samsung Electronics, Dacor, Morphy Richards, Koninklijke Philips N.V., Panasonic Corporation, Robert Bosch GmbH, Haier Group, and General Electric
Objectives of the Report:
Study of the global Kitchen Appliances market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Kitchen Appliances market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Kitchen Appliances market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Kitchen Appliances market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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