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Small Kitchen Appliances Market Share

Report ID: GMI6694
Published Date: Feb 2024
Report Format: PDF

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Small Kitchen Appliances Market Share

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Major players operating in the Small Kitchen Appliances market include:

Bajaj Electricals Ltd.
Breville Group
Electrolux AB
Haier
Havells
KitchenAid Co., Ltd.
LG Electronics
Morphy Richards
Panasonic
Phillips
Robert Bosch GmbH
Samsung Electronics
V-Guard
Voltas
Whirlpool Corporation

In 2023, dominant market players, including Bajaj Electricals Ltd., Breville Group, Electrolux AB, Haier, Havells. The top five companies collectively hold a substantial 25-30% market share. This market is a highly fragmented market. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research and development to improve their electronic products and incorporate new technologies, allowing them to stay ahead of the competition.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size for small kitchen appliances was valued at USD 130 billion in 2023 and is anticipated to register at a CAGR of over 4.7% between 2024 and 2032, favored by the increasing disposable incomes and changing lifestyles.

The residential segment held a notable market share in 2022 and will record around 60-70% share by 2032, as small kitchen appliances are compact, affordable, and take less counter & storage space.

North America industry size small kitchen appliances accounted for USD 39 billion in 2023 and is expected grow significantly through 2032, primarily due to the remarkable technological innovations the enable integration of smart technology into kitchen appliances.

BSH Hausgerate GmbH, Panasonic, Whirlpool Corporation, Electrolux AB, Koninklijke Philips N.V., Dongbu Daewoo Electronics, and DeLonghi Group.