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Small Kitchen Appliances Market Share
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.
How will residential application influence the small kitchen appliances industry?
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.
How big is the global small kitchen appliances market?
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.
What is the size of North America small kitchen appliances market?
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.
Which companies define the competitive landscape of small kitchen appliances industry?
BSH Hausgerate GmbH, Panasonic, Whirlpool Corporation, Electrolux AB, Koninklijke Philips N.V., Dongbu Daewoo Electronics, and DeLonghi Group.