Kitchen Appliances Market
Kitchen appliances are devices developed to perform a specific function in the kitchen.
Kitchen appliances market. Kitchen appliances market by application. This can be attributed to the changing lifestyle in urban areas and the considerable volume of already installed units. Kitchen appliances market to reach 37770 bn by 2027 grow at a cagr of 60.
Commercial kitchen appliances market analysis focus on business economy with innovative growth forecast 2026. Market is segmented on type user application fuel type product structure region. Home appliances market the global home appliances market was valued at usd 17407 billion in 2017 and is projected to reach a value of usd 20337 billion by the end of 2023 at a cagr of 26 over the forecast period 20182023.
Global kitchen appliances market. This growth is mainly attributed to increasing penetration of kitchen appliances in this region. The report provides a deep insight into the global kitchen appliances market covering all its essential aspects.
The global kitchen appliance market was valued at usd 1638 billion in 2017 and is expected to reach a value of usd 24049 billion by 2023 witnessing a cagr of 654 over the forecast period 2018 2023. The global kitchen appliances market is expected to grow at a cagr of around 5 during 2019 2024. Household kitchen appliances market share is anticipated to grow at 43 cagr over the forecast timeframe with revenue in 2023 forecast to cross usd 150 billion.
A growing number of nuclear families improved standards of living in developing countries and availability of energy efficient equipment are some of the crucial factors expected to drive the industry during the forecast period. The global kitchen appliances market size was valued at usd 2251 billion in 2019 and is anticipated to grow at a cagr of 634 during the forecast period.