Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Kitchen
Appliances Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Kitchen Appliances Market. The
research also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and global Kitchen Appliances Market over the short
as well as long period of time. A detailed presentation of forecast, trends,
and dollar values of global Kitchen Appliances Market `is offered. In
accordance with the report, the global Kitchen Appliances Market is projected
to expand at a CAGR of 6.98% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Kitchen
Appliances are the various gadgets used in the preparation and preservation of
food like refrigerators, microwaves, OTGs, induction ovens, toaster, griller,
blender, mixer and many more. These equipment’s help in the making cooking
easy, lesser troublesome and lesser time consuming. The busy life schedule of
the people at workplace has reduced their availability of time for cooking
using the traditional methods. Also, the rising participation of women in the
workforce is raising their dependence on kitchen gadgets. When it comes to the
younger generations, they find it handier to use these apparatuses in cooking.
Further, the rising number of nucleated families with both the parents working
is fetching customers for this market. On weekdays, cooking is a necessity that
must be less time consuming and on holidays cooking is a luxury with dishes
prepared lavishly. This jointly is driving the kitchen appliances market. The rapid growth in the disposable income and
urbanization is also fueling the growth of this market. Moreover, the rising
tendency of adopting fast food culture and demand for processed foods is
raising the demand for these goods in public eateries. Also, the households
wish to prepare foods imitating hotel like taste and quality is propelling them
to use advanced techniques in food preparation. Apart from all these, the
comfort of using these gadgets on a day-to-day basis in both household and
commercial purpose is empowering the growth of the kitchen appliances market.
The use of
kitchen appliances needs maintenance by the consumers and this is refraining
them from purchasing these products. Also, the production of kitchen gadgets
involves huge operational cost and is severely refraining the market. Also,
these kitchen equipment’s when used have harmful effects on the atmosphere. The
growing environmental concern is likely to induce people to cooking by adopting
methods that does not hamper the environment. This can be a potential threat to
the growth of the kitchen appliances market.
The growing way
of living in nucleated families, women participation in workforce, consumption
of foods cooked in commercial places, migration of students and workers to
their workplaces is likely to increase the attachment with kitchen appliances
and lay down growth prospects for the market. On account of environmental
concerns, various innovations have been made in the kitchen appliances which
resulted in the production smart and energy efficient kitchen appliances. These
is a great scope to capture and sustain the market. Further research and
development are being done in this industry for the enlargement of the kitchen
appliances market. Also, various E-commerce websites provide various selling
techniques like offer, discount and many more with has positive influence on
the growth of the market.
Segment Covered:
This market
intelligence report on the global Kitchen Appliances Market encompasses market
segments based on product type, end user, structure, distributional channel, and
country/regions.
By product type, the Kitchen Appliances Market is segregated
into,
§ Microwaves
§ Ovens
§ Refrigerator
§ Water Purifier
§ Dish Washer
§ Stoves
§ Coffee Machines
§ Toasters
§ Blenders
§ Mixers
§ Kettles
§ Others
By end user, the Kitchen Appliances Market is classified into,
§ Household
§ Commercial
By structure, the Kitchen Appliances Market is segmented
into,
§ Built-in
§ Free-stand
By distributional channel, the Kitchen Appliances Market
is split up into,
§ Direct
§ E-commerce
By country/region, the Kitchen Appliances Market is divided into,
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ TTK Prestige Limited
§ Whirlpool of India Ltd
§ Bajaj Electricals Ltd
§ Samsung Electronics Pvt Ltd
§ LG Electronics Pvt Ltd
§ Faber HeatKraft
§ Godrej and Boyce Mfg Co ltd
§ Philips India Ltd
§ Maharaja Appliances Ltd
§ Morphy Richards
Other players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Kitchen Appliances Market related investment &
spending and developments by major players of the market are tracked in this
global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Kitchen Appliances Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020 – 2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Kitchen Appliances Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Morphy Richards,
Faber HeatKraft, Philips India Ltd, TTK Prestige Ltd, Maharaja Appliances Ltd
and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Kitchen Appliances caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Kitchen
Appliances Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Kitchen Appliances Market
v
Identification
of key factors driving investment opportunities in the Kitchen Appliances Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants