About Kitchen TV
In this modern era, the smart technology has been dominating the world market. It has been observed that the residential and commercial kitchen are equipped with those technologies such as Kitchen TV. The kitchen TV offers high standards of external design and materials. It has high growth prospects due to convenience options and better cabinet interiors for drawer systems in Kitchen. Additionally, increasing demand for kitchen TV is due to presence in differently designed kitchen shelves and integrated handle molding that will propelled the market growth. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the sliding door systems and interior modular solutions.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
In Kitchen TV Market, it has been observed that most of the companies are upgrading or introducing innovative appliances such as waste collecting systems and fitting systems for better strength, compatibility, and stability. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. 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.
Coby Electronic (United States), Toshiba (Japan), Supersonic (France), luxurit (India), Axess (United States), Sylvania (Canada), Samsung (South Korea) and LG (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 Bajaj Electricals Ltd. (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Kitchen TV market by Type (LED and LCD), Application (Bedroom, Bathroom, Office and RV or dorm room) and Region.
On the basis of geography, the market of Kitchen TV 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
Increasing Investments in Better Appliances and Custom Cabinets
Market Growth Drivers:
Growing Urbanization and Preferred Lifestyles and Increasing Demand for Modern and Contemporary Homes.
Challenges:
Economic factors.
Restraints:
High Cost Associated with Kitchen TV Construction and Lack of Awareness among Customers.
Opportunities:
Upsurge Demand for Closed Kitchens and Growing Number of HORECA at Asia-Pacific Regions
Market Leaders and their expansionary development strategies
In February 2023, Marquee Brands LLC, a leading global brand owner, marketer and media company, and America's Test Kitchen Limited Partnership announced that Marquee Brands has become a majority owner in ATK, which owns America's Test Kitchen and its associated brands, including Cook's Illustrated and Cook's Country. The acquisition further builds upon the Home and Culinary portfolio within Marquee Brands which includes the Martha Stewart®, Emeril Lagasse® and Sur La Table® brands.
In March 2023, TV brand Sylvox has announced the launch of their 15.6-inch potato series pull-down smart kitchen TV. The smart TV has a 1080P FHD resolution and provides a visual experience from any angle in the kitchen thanks to a 360° maximum rotation angle, 100° maximum pull-down angle enables, and 178° ultra-wide angle of view.
Key Target Audience
Kitchen TV Manufacturers, Kitchen TV Traders, End-Use Market Participants of Different Segments of Kitchen TV, Government and Research Organizations, R&D Institutions and Others
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.