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Kitchen Appliances Market Trends

Report ID: GMI411
Published Date: Jul 2024
Report Format: PDF

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Kitchen Appliances Market Trends

The market is experiencing a significant trend driven by the adaptation of smart technological appliances. This trend is driven by increasing consumer investment in home automation systems, leading to a surge in demand for high-end kitchen appliances that offer advanced smart features. Manufacturers are responding with innovative products that integrate bluetooth connectivity, automated sensors, and voice assistant capabilities, providing convenience to users. For instance, In May 2024, Samsung electronics announced its latest home appliances setup integrated with Wi-Fi, voice assistance systems, internal camera and AI chips for a truly smart home experience.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global kitchen appliances industry was valued at USD 275.1 billion in 2023 and is anticipated to register 6.2% CAGR between 2024 and 2032 due to the rising disposable incomes and technological advancement in appliances.

The large segment in the market is expected to reach USD 267.6 billion by 2032 due to their essential role in daily kitchen operations, large kitchen appliances like refrigerators, dishwashers, and ovens.

North America kitchen appliances market is expected to reach USD 159.85 billion by 2032, owing to the rising disposable incomes and increasing investment in R&D.

BSH Home Appliances Group, Electrolux AB, Groupe SEB, Haier Group Corporation, HISENSE Group, Hitachi Appliances Inc., Lg electronics, Midea Group Co., Ltd., Panasonic Corporation and Robert Bosch Gmbh, among others.