About Domestic Kitchen Appliances
A domestic kitchen appliance is a machine that is employed for making ready food. A number of examples of domestic room appliances are blenders, ovens, fridges, tabletop stoves, dishwashers, food processors, ice cream makers, espresso machines, electrical mixers, grills, coffee makers, toasters ovens, waffle manufacturers, and gas stove. Modular kitchen appliances offer higher comfort in using and handling room appliances. So as to form food a lot of delicious, the dependency of homemaker is more towards advance room appliances is growing. Such trends facilitate the growth of the world domestic room appliances market. The introduction of innovative products like combination steam ovens, induction hobs with preset cooking zones, and refrigerators with advanced refrigeration technology boost the global domestic room appliances market. The fast changes in lifestyle led to rising in demand of household appliance that makes life more comfortable and easier. Domestic kitchen appliance makes preparation healthier and helps in food storage safer. Interest in more advanced preparation is rising chiefly in mature economies. More and more people need to emulate professionals and searching for contemporary room appliances. This trend also helps in the growth of the world kitchen appliance market. Among numerous domestic room appliances, preparation appliances account for more than thirty-fifth market share and the remaining market share is split between refrigerators, juice extractors, food grinders, mixers, electric occasional and tea manufacturers, and other room appliances.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European and United States Vendors will contribute the maximum growth to Global Domestic Kitchen Appliances market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Electrolux (Sweden), Samsung (South Korea), Philips (Netherlands), Morphy Richard (United Kingdom), Dacor (United States), General Electric (GE) (United States), Panasonic (Japan), Mealthy Inc (United States), De'Longhi Group (Japan), Whirlpool Corporation (United States), Panasonic Corporation (Japan), Orient Electric Limited (India), Koninklijke Philips N.V (Netherlands), Groupe SEB (France), Electrolux AB (Sweden), BSH Hausgeräte GmbH (Germany), Haier Group (China) and LG Electronics (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Dongbu Daewoo Electronics (South Korea), Conair Corporation (United States), Breville (Australia) and Miele (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Domestic Kitchen Appliances market by Type (Cooking Appliances, Refrigerators, Juice Extractors, Food Grinders, Mixers, Electric Coffee, Tea Makers and Others), Application (Commercial [Restaurants, Cafés] and Household) and Region.
On the basis of geography, the market of Domestic Kitchen Appliances has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Retailers will boost the Domestic Kitchen Appliances market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel Type, the sub-segment i.e. Electric will boost the Domestic Kitchen Appliances market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Trend of Using Domestic Appliances, Growing Adaption of Easy to Use and Affordable Appliances and A Rise in Trend of Modular Kitchen
Market Growth Drivers:
The Growing Working-Class Population, The Rise in the Disposable Income and Rising Food Service Industry in Developing Country
Challenges:
Availability of Alternative/ Substitute Products
Restraints:
Fluctuating Price of Raw Materials and High Cost Associated with the Products
Opportunities:
New Innovations in Domestic Kitchen Appliances and Products and Increased Investments by the Key Players for Research and Development
Market Leaders and their expansionary development strategies
In October 2023, Usha International has launched premium kitchen appliances, partners with Reliance Digital for rollout. The iChef range includes premium steam over, heater blender, air fryer and programmable kettle.
In January, 2023, Electronics company Samsung has launched new products to its customisable home appliances lineup. Some of the products added to Samsung's Bespoke line of home appliances include the Bespoke AI Oven and a wider selection of Bespoke refrigerator types.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Domestic Kitchen Appliances, Suppliers and Distributors of Domestic Kitchen Appliances, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.