Home > Consumer Goods & Services > Appliances > Large Kitchen Appliances > Built-in Kitchen Appliance Market
Built-in Kitchen Appliance Market Size
Built-in Kitchen Appliance Market size was valued at USD 17.97 billion in 2023 and is anticipated to register a CAGR of over 4.8% between 2024 and 2032. Built-in Kitchen Appliance is an appliance which is built in the kitchen walls or cabinetry providing a seamless and integrated look for modern kitchens.
They cannot be relocated as they are permanently installed in the kitchen. They are gaining popularity among the consumers because of their sleek and minimalist designs and are easy to keep tidy and clean. They have fewer spaces where dirt and dust can settle in due to their seamless construction, which makes it easier to clean and more hygienic.
The built-in kitchen appliances market is propelled by the surge in disposable incomes, which has fueled a growing demand for high-end, integrated kitchen solutions that not only enhance functionality but also add a touch of sophistication to modern homes. Additionally, the increasing need for compact space in urban residences has driven homeowners to opt for built-in appliances, maximizing efficiency and aesthetics. The rising adoption of smart home technology further propels this market, as consumers seek kitchen ecosystems that offer convenience and seamless control. Moreover, the emphasis on sustainability and energy efficiency has boosted the popularity of built-in kitchen appliances, as these products often incorporate advanced technologies to minimize environmental impact, aligning with the eco-conscious preferences of today's consumers.
Report Attributes | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 17.97 billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 4.8% |
2032 Value Projection: | USD 27.42 billion |
Historical Data for: | 2018 – 2023 |
No. of Pages: | 284 |
Tables, Charts & Figures: | 180 |
Segments covered: | Product type, End-Use, Distribution channel, Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The high prices associated with built-in appliances, which often exceed the cost of their separate counterparts is one of the major restraints of this market. This pricing difference can discourage consumers and limit the market's accessibility. Additionally, built-in kitchen appliances pose a challenge in terms of repairability when compared to freestanding counterparts. The intricate integration of built-in appliances within cabinetry and countertops can make repairs more complex.
Built-in Kitchen Appliance Market Trends
There is a noticeable surge in demand from the food industry, as culinary preferences diversify and consumers become more inclined towards home-cooked meals, the food industry is increasingly investing in state-of-the-art built-in kitchen appliances to enhance efficiency and productivity. This demand is not only attributed to the commercial sector but also extends to residential kitchens, where homeowners aspire to replicate professional-grade cooking experiences.
Additionally, the integration of advanced technology is reshaping the landscape of built-in kitchen appliances. Smart features, touch controls, and connectivity options have become standard offerings, providing users with convenience and control. The integration of cutting-edge technologies not only enhances the performance of these appliances but also aligns them with the broader trend of creating smart homes, where interconnected devices conduct daily tasks for a seamless user experience.
Built-in Kitchen Appliance Market Analysis
Based on product type, the market is divided into Built-in Ovens & Microwaves, Built-in Refrigerator, Built-in Hob, Built-in Hoods, and others such as built in dishwasher. Built-in ovens and microwaves hold the largest share of the market.
Based on end use, the market is categorized into commercial and residential. The residential segment commanded the largest share of the market, holding 82.4% of the total revenue. This dominance can be attributed to increased spending power in households, which drives demand for premium and high-end appliances. Additionally, rapid urbanization has led to smaller living spaces which has increased the demand for compact and built in appliances for modern homes. Also, consumers are becoming increasingly aware of the benefits of energy-efficient appliances, further propelling the demand for built-in options in the residential segment.
Based on distribution channel, the built-in kitchen appliance market is divided into offline distribution channels and online distribution channels. The offline distribution channel has accounted for the largest market share above 80% in terms of value that contributing around USD 15 billion in 2023. This is due to the customers’ preference for physical shopping experiences, product reliability, and the ability to touch and feel products. The specialty stores handled by the sales representatives have better product knowledge and provide superior customer service, which helps to create a loyal customer base. Therefore, manufacturers of built-in kitchen appliances are increasingly relying on exclusive stores as an important distribution channel to reach their target consumers and grow their market share.
The North American market dominated the built-in kitchen appliance market with a share margin of 37% in terms of value in 2023, primarily fueled by a heightened demand for contemporary and efficient kitchen solutions. North American consumers are displaying a growing awareness of the importance of convenience, functionality, and aesthetic appeal in their kitchen spaces, this is due to the widespread adoption of built-in appliances like ovens, cooktops, refrigerators, and dishwashers, known for their sleek design and seamless integration into modern kitchen layouts.
Furthermore, the Asia Pacific region is anticipated to grow at the fastest rate. This growth is attributed to the escalating popularity of built-in kitchen appliances, the increasing purchasing power of consumers, and the growing population of working women in the region.
Built-in Kitchen Appliance Market Share
In 2023, dominant market players, including BSH Hausgeräte GmbH, Whirlpool corporation, Electrolux, and LG Electronics collectively held a total of 52% market share. Industry leaders in this market are aggressively pursuing strategic initiatives to stay ahead of the curve. These initiatives include mergers and acquisitions, facility expansions, and strategic partnerships, all aimed at expanding product portfolios, reaching new customers, and solidifying market presence.
Built-in Kitchen Appliance Market Companies
Major players operating in the built-in kitchen appliance industry include:
- BSH Hausgerate GmbH
- Electrolux
- LG Electronics
- Whirlpool Corporation
Built-in Kitchen Appliance Industry News
- In August 2023, LG Electronics announced the introduction of its new built-in kitchen package at IFA 2023. It enhances LG's premium product lineup, complementing the existing ultra-premium Signature Kitchen Suite. This introduction is anticipated to fortify the company's standing in the European built-in market, further solidifying its position in this segment.
- In September 2023, Samsung announced its new oven that creates a timelapse video of your cooking at IFA 2023. The smart probe enables you to monitor the internal temperature and set notifications at various cooking stages for added convenience.
The Built-in kitchen appliance market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Million Units) from 2018 to 2032, for the following segments:
Click here to Buy Section of this Report
By Product type, (USD Billion; Million Units)
- Built-in Ovens & Microwaves
- Built-in Refrigerator
- Built-in Hob
- Built-in Hoods
- Others (Built-in Dishwasher, etc.)
By End Use, (USD Billion; Million Units)
- Commercial
- HoReCa
- Bars & Pubs
- Others (Offices, etc.)
- Residential
By Distribution Channel, (USD Billion; Million Units)
- Online channels
- E-commerce
- Company websites
- Offline channels
- Specialty Stores
- Mega Retail Stores
- Others (Departmental Stores, Contract Sales, etc.)
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Indonesia
- Latin America
- Brazil
- Mexico
- MEA
- Saudi Arabia
- UAE
- South Africa
Frequently Asked Questions (FAQ) :