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March 27, 2023 (The Expresswire) --"kitchen appliance market" 2023 : Kitchen appliances include products such as microwave ovens, ovens, stoves and range hoods. Modern kitchen appliances are used to bring relief to cooks. Even with the rapid depletion of natural resources such as LPG and other petroleum-derived products, there is an urgent need for efficient and environmentally friendly kitchen appliances to use in the kitchen.
This report focuses on Global and US Cooking Appliances Market and also covers other regions' segmentation data at regional and city level.
Due to the COVID-19 pandemic, the global kitchen appliance market size is estimated at US$61,850 million in 2022 and is projected to grow to US$76,350 million by 2028, growing at a CAGR of 3.6% over the period. Taking full account of the economic shift caused by this health crisis, the induction cooktop, which accounts for 2021 percent of the global kitchen appliance market, is projected to be worth millions of dollars by 2028, growing at a revised CAGR percentage over the post-launch period. COVID 19 . While Household was the leading segment accounting for more than percent market share in 2021, it was changed to a CAGR of percent during this forecast period.
In the United States, the market size for cooking appliances is projected to grow from million US$ in 2021 to million US$ by 2028, at a CAGR of percent during the forecast period.
Global scope and market size of kitchen appliances
The kitchenware market is segmented by region (country), players, type and application. Players, stakeholders, and other participants in the global Kitchenware Market can gain an upper hand by using the report as a powerful resource. The segmental analysis focuses on sales and forecast by region (country), type and application for the period 2017-2028.
For the United States market, this report focuses on the market size of Cooking Appliances by top players, by type and by application over the period 2017-2028. Key players include both global and local players who play important roles in the United States.
The global Cooking Appliances market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. In 2021, the market is growing steadily and with the increasing adoption of strategies by the leading players, the market is expected to rise on the projected horizon.
– What is the Cooking Appliances market growth?
The kitchen appliance market size is projected to reach several million USD by 2028 compared to 2023, at an unexpected CAGR during the forecast period 2023-2028.
Browse detailed table of contents, charts and figures with charts spread over 122 pages with 164 tables and figures that offer exclusive data, insights, key statistics, trends and details of the competitive landscape in this niche sector.
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non-customer orientation
Kitchen Appliances Market – Competitive and Segmentation Analysis:
1.How do you determine the list of key players to be included in the report?
With the aim of clearly showing the competitive situation of the industry, we specifically analyze not only the leading companies that have a global voice, but also the small and medium-sized regional companies that play an important role and have a lot of growth potential.
Major players in the Kitchen Appliances market are
● Samsung
● LG
● Whirlpool
● Philips
●Hitachi
● AB Electrolux
● Haier (GE Appliances)
● Roberto Bosch
● Morphy Richards
● Panasonic
● BSH device
● Medea
Joyoung
Galanze
● Daewoo
● Kenmore (Sears)
● FABER
● ROBAM
● FOR PHOTO
● ACCEPTANCE (SEB)
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This research report is the result of extensive primary and secondary research efforts on the Kitchen Appliances market. It provides a complete overview of current and future market objectives along with industry analysis broken down by application, type and regional trends. It also provides a dashboard overview of past and present performance of leading companies. A variety of methodologies and analyzes are used in the research to ensure accurate and comprehensive information about the Kitchenware market.
By Type, the Kitchen Appliances Market can be segmented into:
● Induction hob
● Electric pressure cooker
● Microwave
● Other
The Kitchen Appliances Market by Application can be segmented into:
● family
● Commercial
The Kitchen Appliances market segments and subsections are highlighted below:
2. Does this report consider the impact of COVID-19 and the war between Russia and Ukraine on the kitchenware market?Yes. Since COVID-19 and the Russia-Ukraine war are profoundly affecting global supply chain relations and the commodity price system, we have definitely considered them throughout the research and chapters we have elaborated on the impact of the pandemic and the war in the kitchen appliance industry
The final report will add an analysis of the impact of the Russia-Ukraine war and COVID-19 on this kitchenware industry.
TO KNOW HOW THE COVID-19 PANDEMIC AND RUSSIA-UKRAINE WAR WILL AFFECT THIS MARKET REQUEST A SAMPLE
3.What are your main data sources?Both primary and secondary data sources are used in creating the report.
Primary sources include in-depth interviews with key thought leaders and industry experts (such as senior frontline employees, directors, CEOs and marketing executives), downstream distributors and end users. Secondary sources include research on annual and financial reports of large companies, public archives, new newspapers, etc. We also work with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical and forecast (2017-2027) of the following regions are covered in chapters:
● North America (USA, Canada and Mexico)
● Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
● Asia Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
● South America (Brazil, Argentina, Colombia, etc.)
● Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)
This Kitchen Appliances Market Research/Analysis Report provides answers to your following questions
● What are the global kitchen appliance market trends? Would the market see an increase or decrease in demand in the coming years?
● What is the estimated demand for different types of kitchenware products? What are the upcoming applications and market trends for the Cooking Appliances market?
● What are the forecasts of the global kitchenware industry in terms of capacity, production and production value? What are the estimated costs and profits? What will be the market share, supply and consumption? What about import and export?
● Where are strategic developments taking the industry in the medium to long term?
● What factors contribute to the final price of cookware? What raw materials are kitchen appliances made of?
● How great are the opportunities for the kitchenware market? How will the increasing adoption of mining cookware impact the growth rate of the overall market?
● How much is the global home appliances market worth? What was the market value in 2020?
● Who are the major players in the Kitchen Appliances Market? Which companies are the pioneers?
● What current industry trends can be implemented to generate additional revenue streams?
● What should be the entry strategies, countermeasures against economic impact and marketing channels for kitchenware industry?
report customization
Can I change the scope of the report and customize it to my needs?
Yes. Multi-dimensional, deep and high-quality customized requirements can help our customers to accurately seize market opportunities, meet market challenges with ease, formulate market strategies correctly and act in a timely manner to gain enough time and space to compete in the market.
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Detailed TOC of Global Kitchen Appliances Market Insights and Forecasts to 2028
main index points
Global Cooking Appliances Market Research Report 2023-2028 by Manufacturers, Regions, Types and Applications
1 Introduction
1.1 Purpose of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Middle East and Africa)
1.4 years considered for the study (2015-2028)
1.5 Considered Currency (US Dollars)
1.6 Stakeholder
2 Main conclusions of the study
3 Market dynamics
3.1 Drivers of this market
3.2 Factors challenging the market
3.3 Global Kitchen Appliances Market Opportunities (Regions, Downstream Growth/Emerging Market Analysis)
3.4 Technology and market developments in Cooking Equipment Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Analysis of Strategic Recommendations
4 Kitchen Appliances Market Value Chain
4.1 Situation of the value chain
4.2 Upstream raw material analysis
4.3 Major Intermediaries Analysis (by Manufacturing Base, by Product Type)
4.4 Distributors/Dealers
4.5 Major Downstream Customers Analysis (by Region)
5 Global Kitchen Appliances Market Segment By Type
6 Global Kitchen Appliances Market Segment By Application
7 Global Kitchen Appliances Market Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Channel Online
8 profiles of competitive intelligence companies
9 Geographical segmentation of the global kitchen appliance market
9.1 North America
9.2 Europa
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East and Africa
10 Future Global Kitchen Appliances Market Forecasts from 2023-2028
10.1 Forecast of the Global Cookware Market from 2023 to 2028, Segment by Region
10.2 Global Cookware Production Forecast and Growth Rate by Type (2023-2028)
10.3 Global Kitchenette Consumption and Growth Rate by Application (2023-2028)
11 Appendix
11.1 Methodology
12.2 Research Data Source
Continually….
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To view the original version on The Express Wire, visitComparison of sales growth rates of the Kitchen Appliances Market by major key players
COMTEX_427658168/2598/2023-03-27T14:33:21
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FAQs
Who has the largest market share of kitchen appliances? ›
- Samsung Electronics.
- Dacor.
- Morphy Richards.
- Koninklijke Philips N.V.
- Panasonic Corporation.
- Robert Bosch GmbH.
- Haier Group.
- General Electric.
Household Appliances - United States
The market's largest segment is the segment Major Appliances with a market volume of US$30.72bn in 2023. In global comparison, most revenue is generated in China (US$166.20bn in 2023).
Largest Appliance Manufacturers Research Summary
The largest appliance manufacturer in the world is Panasonic, with a 2021 annual sales of $62.969 billion and 259,385 employees. As of 2021, the global appliance industry has a market size of $502.28 billion.
The global kitchen appliances market size was USD 159.29 billion in 2019 and is projected to reach USD 210.80 billion by 2027, exhibiting a CAGR of 3.7% during the forecast period.
Who is the largest appliance dealer in the United States? ›Costco's 2 percent market share in the major home appliance category compares to market leader Lowe's, which holds a commanding 26 percent market share, followed by Home Depot (21 percent) and Best Buy (12 percent). Among Costco club members, its market share for home appliances lifts to almost 6 percent.
Who is the largest appliance parts distributor in the US? ›Marcone Supply is the Largest Authorized Appliance Parts Distributor in the World.
Who is the world's second largest appliance maker? ›As the world's second largest appliance maker, Electrolux needs no introduction.
What is the market share of kitchen appliances by brand? ›As of the beginning of 2021 in the large appliances industry, the top-performing brands include Samsung (20%), LG (16%), General Electric (16%), Whirlpool (16%), and Maytag (8%).
How big is the kitchen appliance industry? ›The kitchen appliances market size was valued at $237.3 Billion in 2019 and is expected to reach $377.70 Billion by 2027, registering a CAGR of 6.0% from 2020 to 2027.
Which is the No 1 appliance brand in the world? ›The accolade was given by Euromonitor International, the world's leading strategic market research organization. The reputed research organization also recognized Haier as the world's largest household appliance brand in terms of retail sales in 2022.
What is the most owned kitchen appliance? ›
Irvine, CA – You may be surprised to learn that the most used “appliance” in the kitchen actually is the sink/faucet center. On average, the sink, faucet and its complementary accessories, are used ten to thirty times daily.
Who makes the most appliances in the US? ›Whirlpool is the largest appliance manufacturer in the world though over half their sales are in the U.S. Their headquarters are in the U.S. and they are listed on the U.S. stock exchange. Whirlpool also makes and sells U.S. appliances under these brand names: Amana, Jenn-Air, KitchenAid, and Maytag.
Who is the target audience for kitchen appliances? ›The two popular demographics in the kitchen appliance industry are remodelers and baby boomers.
What is the oldest kitchen appliance company? ›Gaggenau Kitchen Appliances- Oldest Appliance Brand in the World.
What is the market share of Whirlpool kitchen appliances? ›LG had 15.7% market share, while Whirlpool drew 15.4%.
What is the most reliable appliance brand in the US? ›2023 America's Most Trusted Kitchen Appliance Brand
The most trusted kitchen appliance brands in order were Bosch, KitchenAid, Whirlpool, Maytag, GE, LG, Samsung, Frigidaire, and Amana. Bosch received the best reviews and trust ratings among the most popular kitchen appliance brands as judged by consumers.
| Founded | 2005 |
|---|---|
| Founder | John Winning |
| Parent | Winning Group |
| Website | www.appliancesonline.com.au |
RCA was reacquired by General Electric in 1986. Today, Whirlpool Corporation owns the Jenn-Air, Maytag, Amana, Roper, and KitchenAid brands.
Is there an American owned appliance company? ›Whirlpool is not only the largest American-owned and operated appliance company but also the world's largest home appliance company. They're headquartered in Benton Charter Township, Michigan.
Who did GE sell its appliance Division? ›...
GE Appliances.
| Trade name | GE Appliances |
|---|---|
| Parent | Haier |
| Website | www.geappliancesco.com |
| Footnotes / references | |
What is the American multinational manufacturer of major home appliances? ›
The Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances, headquartered in Benton Charter Township, Michigan, United States.
Is Kitchenaid owned by GE? ›...
KitchenAid.
| Product type | Kitchenware |
|---|---|
| Owner | Whirlpool Corporation |
| Country | United States |
| Introduced | 1919 by Hobart Corporation |
- Samsung.
- Bosch.
- Glen.
- Lifelong.
- Whirlpool.
- IFB.
- Philips.
- Godrej.
GE Appliances is a house of brands, with Monogram®, Café™, GE®, GE Profile™, Haier and Hotpoint having their own unique identities to match your lifestyle and personality.
What is Kenmore appliance market share? ›Sears' exclusive Kenmore brand is still the most widely recognized and respected appliance name in the U.S. The most recent consumer data shows that Kenmore and Kenmore Elite occupy a 27 percent national market share of all appliance sales.
Which company has highest market share in refrigerator? ›LG is one of the leading players in the India refrigerator market, offering a wide range of refrigerators catering to different segments of consumers. The company has a strong brand image and a well-established distribution network, which has helped it gain a significant market share.
What is Best Buy's appliance market share? ›Best Buy General Information
With $51.8 billion in fiscal 2022 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., with roughly 10.6% share of the aggregate market and north of 40% share of offline sales, per our calculations, CTA, and Euromonitor data.
Revenue in the Household Appliances market amounts to US$0.72tn in 2023. The market is expected to grow annually by 4.81% (CAGR 2023-2028). The market's largest segment is the segment Major Appliances with a market volume of US$0.46tn in 2023.
What is the outlook for appliance sales in 2023? ›Home & household appliances - Statistics & Facts
The overall appliances market is forecast to grow further over the next few years to more than 500 billion U.S. dollars in value by 2023.
As of 2022, there is no definite end date for appliance repair shortages. While this may dismay homeowners, they can work with seasoned Appliance Repair Technicians to ensure that their appliances are up-and-running or to diagnose repair issues regardless of new appliance shortages.
Which is better Whirlpool or GE? ›
Which brand is more reliable? Both brands are extremely dependable, but if you're looking for the more reliable brand, we give the nod to GE. Which brand is more energy efficient? With almost all of its appliance models being Energy Star Certified, Whirlpool takes the cake for energy efficiency.
What is the leading smart appliances brand? ›9, 2023 /PRNewswire/ -- Haier Smart Home ("Haier", Shanghai: 600690), the world's leading home appliance brand and smart home ecosystem builder, has announced that the company has once again topped the rankings of global major appliances brands, according to the 2022 annual report released by Euromonitor International, ...
What is the least used kitchen appliance? ›- Baked Potato Cooker. We got this as a Christmas gift. ...
- Electric Wok. ...
- Cappuchino Maker. ...
- Ice Cream Maker. ...
- Rotisserie. ...
- Sandwich Press. ...
- Wine Opener. ...
- Ice Shaver.
- Why repair an appliance at all? Kadmy/Getty Images. ...
- Compressor for the air conditioner. The Toidi/Shutterstock. ...
- Clothes dryer motor unit. ...
- Freezer compressor. ...
- Dishwasher motor. ...
- Oven door. ...
- Washing machine agitator. ...
- Furnace heat exchanger.
Wet appliances
Washing machines, dishwashers and tumble dryers account for 14% of a typical energy bill, taking the top spot in our list. The power needed to heat the water that they use pushes up consumption, making them energy-hungry household appliances.
Acquired by Whirlpool Corporation from Dart and Kraft in 1986, KitchenAid brand offers everything from small appliances to cookware, dishwashers to double-oven ranges, and whisks to wine cellars — virtually everything consumers need to enhance their cooking experience.
Are Maytag and Whirlpool the same? ›As one of the longest-standing and most reputable major appliance brands in the industry, Maytag has been a part of the Whirlpool corporation since 2006. Since this merger took place 15 years ago, these brands have become a constant in quality and reliability.
Where does GE Appliances rank? ›GE Appliances, a Haier company Ranks 6th in Product Quality Score. 128 Customers rate GE Appliances, a Haier company's Product Quality Score a 1.7/5, which ranks it 6th against its competitors, below Whirlpool Corporation.
What is the market position for home appliances? ›The global home appliances market size was valued at USD 646.56 billion in 2021 and is projected to grow from USD 675.59 billion in 2022 to USD 987.35 billion by 2029, exhibiting a CAGR of 5.57% during the forecast period.
What are the market segments for home appliances? ›The market is segmented by Product (Refrigerator, Air Conditioner & Heater, Entertainment & Information Appliances, Washing Machine, Cleaning Appliances, Cooktops, Cooking Range, Microwaves & Ovens; Others), Distribution Channel ...
Who are target customers or buyers? ›
A target market is a group of customers with shared demographics who have been identified as the most likely buyers of a company's product or service. Identifying the target market is important in the development and implementation of a successful marketing plan for any new product.
Why did GE sell appliances? ›GE decided it was no longer interested in manufacturing refrigerators for three key reasons: The appliances business was relatively tiny and stagnant, the profits were meager, and GE wants to power the world rather than heat your tea kettle.
Who made the first kitchen appliances? ›The first electric appliance was patented by Albert Marsh. Toast could be made safely in the comfort of the kitchen.
Which is the oldest brand in the refrigerator? ›Frigidaire was founded as the Guardian Frigerator Company in Fort Wayne, Indiana, and developed the first self-contained refrigerator, invented by Nathaniel B. Wales and Alfred Mellowes in 1916.
Who is Whirlpool biggest competitor? ›- Whirlpool.
- Samsung Electronics.
- Panasonic Holdings.
- Electrolux.
- Bosch.
- Haier.
- Midea.
Whirlpool Corporation competitors include LG, Bosch USA, Samsung, GE Digital and Electrolux.
Who is the largest seller of appliances? ›In 2022, Costco had the highest score for household appliances retailers in the United States with a score of 870.
Which is the No 1 home appliances company in the world? ›Whirlpool is an American brand and is roughly valued at $16.16 billion. Whirlpool is the most dependable and best kitchen appliance brand on the planet in 2022. It is a multinational brand and specialises in household appliances.
Who has the most reliable kitchen appliances? ›2023 America's Most Trusted Kitchen Appliance Brand
The most trusted kitchen appliance brands in order were Bosch, KitchenAid, Whirlpool, Maytag, GE, LG, Samsung, Frigidaire, and Amana. Bosch received the best reviews and trust ratings among the most popular kitchen appliance brands as judged by consumers.
- Whirlpool.
- Maytag.
- KitchenAid.
Who is the world's second largest appliance manufacturer? ›
Electrolux
Electrolux, the largest home appliances manufacturer in Sweden, has long been considered as the second biggest home appliance manufacturer in the world.
Our favorite brands include manufacturer giants like GE and LG, which offer a broad selection of appliances across categories and price points, plus high-end brands like Bosch and Café, known for providing extensive customization for the investment.
Which company has best refrigerator? ›- Samsung. Samsung has become the preferred brand of household appliances in India; due to its high-quality, reasonably priced products. ...
- Godrej. ...
- LG. ...
- Whirlpool. ...
- Haier. ...
- Bosch.
Specifically, institutional investors own 94.8% of Whirlpool Corporation. The largest owners of Whirlpool include The Vanguard Group, Inc (12.3% of the total shares), PRIMECAP Management Co. (8.8% of the total shares, BlackRock Funds Advisors (5.6% of the total shares)m and Greenhaven Associates, Inc.