The global kitchen appliances market is anticipated to grow with a considerable CAGR of 6.3% during the forecast period (2020-2026). The growth of the kitchen appliance market is attributed to several factors such as changing lifestyle, rise in the working population, high purchasing power, among others. Additionally, the innovative smart features offered by the kitchen appliance manufacturers are also one of the major factors driving product adoption. The integration of technologies that are easy to use, intuitive, and customizable is also rising the popularity of kitchen appliances among the young population base. Moreover, the variant in kitchen products to meet nearly any lifestyle and style preference has significantly increased in recent years.
The modern kitchen appliances available in the market have extra features to offer and are user-friendly as well as more durable than traditional appliances. Hence, the replacement of traditional kitchen appliances is going on at a very fast pace with more smart & energy-efficient products especially in developed countries with high purchasing power such as the US, Japan, and Europe. Moreover, the connected kitchen appliances greatly improve safety and performance as it provides timely updates and alerts to the consumer. These factors are anticipated to drive the kitchen appliance industry during the forecast period.
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Global Kitchen Appliances Market Report Segment
By Product Type
- Refrigerators
- Microwave
- Mixer & Juicer and Food Processors
- Stove & Hobs
- Dishwasher
- Water Purifier
- Coffee Machines
- Other
By Application
- Residential
- Commercial
By Distribution Channel
- Online Channel
- Offline Channel
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