Kitchen Appliances Market Size, Share, Future Prospects and Forecast 2020-2026
The kitchen appliances market is anticipated to grow at a significant CAGR of 6.3% during the forecast period. The kitchen appliances market growth can be attributed to the increasing disposable income of the people across the globe. Additionally, the increasing awareness regarding the advantages of various kitchen appliances coupled with the strengthening brand image will also aid in the growing market shares.
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Moreover, companies across the globe are using social media platforms and strong advertisement campaigns to drive the popularity of their products. Besides, the introduction of smart kitchen appliances is also expected to increase the replacement rate and average cost of kitchen appliances. Moreover, with the COVID-19 lockdowns in the country, people are staying more at home, hence need more sophisticated kitchen appliances, thus driving the market growth.
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Global Kitchen Appliances Market Segmentation
By Product Type
Refrigerators
Microwave
Mixer & Juicer and Food Processors
Stove & Hobs
Dishwasher
Water Purifier
Coffee Machines
Other (Electric Chimney, Kettle, Toaster)
By Application
Residential
Commercial
By Distribution Channel
Online Channel
Offline Channel
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
BBK Electronics Corp.
BSH Hausgeräte GmbH
De’ Longhi Appliances S.r.l.
Dyson Ltd.
Electrolux AB
General Electric Co.
Gorenje AS
Haier Group Corp.
Hitachi, Ltd.
Kenmore (Transform SR Holding Management LLC)
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