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The global kitchen appliances industry revenue is forecast to reach an estimated $277.2 billion in 2030 with a CAGR of 4.4% over the next five years (2024-2030). Favorable demographics, rising consumer incomes, and changing lifestyles are expected to drive the demand over the forecast period.
The global kitchen appliances market comprises establishments primarily engaged in manufacturing of cooking appliances, refrigerators, and dishwashers. The industry includes leading global kitchen appliances manufacturers based on their segmental revenues. Industry performance is directly proportional to new housing starts; however, technological advancement and replacement also play vital roles in industry growth.
A total of 48 figures / charts and 12 tables are provided in this report to help in your business decisions. Sample figures with some insights are shown below.
Lucintel’s study provides an overview of the global kitchen appliances market, tracking three market segments of the industry in four geographic regions. Thus, a total of 12 segments of the global kitchen appliances industry are tracked. The report studies manufacturers, providing a five-year annual trend that highlights market size, profit, and cost structure for North America, Europe, Asia Pacific, and Rest of the World regions. The report also provides a forecast, addressing market opportunities in each region.
The kitchen appliances market is capital intensive and fragmented as numerous players compete with one another to uphold their place in the market. The industry is dynamic in nature with rapid technological advancements. The refrigerator segment dominated the market by contributing approximately 44.5% of the total. Factors such as rising income and consumer spending affect industry dynamics significantly. The biggest challenge for the industry is maintaining the balance between price and quality. Recovering from the recessionary economic conditions, the industry is in a growing phase.
This comprehensive guide from Lucintel provides readers with valuable information and the tools needed to successfully drive critical business decisions with a thorough understanding of the market’s potential. This report will save Lucintel clients hundreds of hours in personal research time on a global market and it offers significant benefits in expanding business opportunities throughout the global kitchen appliances industry analysis. In a fast-paced ever-changing world, business leaders need every advantage available to them in a timely manner to drive change in the market and to stay ahead of their competition. This report provides business leaders with a keen advantage in this regard by making them aware of emerging trends and demand requirements on an annual basis.
Some of the features of Growth Opportunities in the Global Kitchen Appliances Market report are:
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kitchen appliances market size estimates in terms of (US $) value by regions and by segments
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Global kitchen appliances market analysis annual trend (2018-2023) and forecast (2024-2030)
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Porter’s Five Force analysis
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New product launch and merger and acquisition activity in global kitchen appliances market analysis
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Gross and net profit trends in the global kitchen appliances market analysis
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Cost structure trend in the global as well as regional kitchen appliances analysis
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More than 48 valuable figures/charts and 12 tables are provided in this report