According to IMARC Group, The global kitchen appliances market is exhibiting a growth rate (CAGR) of 3.9% during 2024-2032.
Kitchen appliances refer to electrical or mechanical appliances designed to facilitate cooking, food preparation, and food preservation. There is a broad spectrum of kitchen appliances to suit different functions and needs in the kitchen, ranging from refrigerators and stoves to ovens and microwaves. Some other common kitchen appliances include dishwashers, blenders, food processors, toasters, and coffee makers. Kitchen appliances are a critical component of contemporary domestic lifestyles. They make cooking and food preparation easier and less time-consuming. They play a critical role in cooking various meals, ranging from simple to complex. Kitchen appliances help store perishable food products such as fruits, vegetables, and meat by maintaining optimum storage temperatures which, in turn, prevent these products from perishing.
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Several key players are developing smart technology in their kitchen appliances to allow clients to control them from a distant place or regulate their functionality. They are also investing in energy-efficient kitchen appliances to operate minimal energy but retain their effectiveness. This allows people to reduce their carbon footprint while also lowering the amount of money they spend on utilities. Furthermore, many manufacturers are developing modern kitchen appliances obtained from the current kitchen trends to make the kitchen more aesthetic. Additionally, major companies are employing wireless technology and IoT in which the kitchen appliance is configured to communicate with each other and other essential home appliances. Some major players are adding-on air frying, steam cooking, and healthy modes as a more fashionable approach.
In addition to all this, leading companies are conducting research and development (R&D) activities to develop new cooking technologies that will improve cooking control, save time, and make food tastier, thereby propelling the growth of the market. Additionally, major market players offer custom and personalize products that enable clients to adjust the cooking process according to their needs, preferences, and types of meals they usually prepare. In line with this, many market players use sustainable and recyclable materials in their kitchens like recycled plastics, metals, glass, wood and bamboo. They also provide subscription-based models and services that provide people with the access of premium features, maintenance services, and regular updates. Some companies also offer locks for children and safety sensors that detect overheating or gas leaks.
Top 10 Kitchen Appliances Companies in the World
- Whirlpool Corporation
- AB Electrolux
- Samsung Electronics Co. Ltd.
- LG Electronics
- Winia Daewoo Electronics
- Panasonic Corporation
- Haier Group Corporation
- BSH Hausgeräte GmbH
- Miele & Cie. KG
- Sub-Zero Group, Inc.
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