Kitchen Appliances Market Growth Analysis By Revenue, Size, Share, Scenario on Latest Trends & Types, Applications to 2025 Forecast

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Jul 20, 2020 (AmericaNewsHour) —
Global Kitchen Appliances Market was valued at USD 223.6 Billion in the year 2018. Global Kitchen Appliances Market is further estimated to grow at a CAGR of 6.5% from 2019 to reach USD 350 Billion by the year 2025. The North America region holds the highest Market share in 2019 and the Asia Pacific is considered as the fastest growing Market in the forecasted period. At a country level, US, China, and the U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.

The Global Kitchen Appliances Market is segmented as By Product, Application, and Region. The Product segment is divided into Refrigerators, Refrigerators, Dishwashers, Ovens, Cookware and cooktops, scales and thermometers and other products (Kettles and coffee makers) in which the refrigerators segment accounts for the highest Market share due to growing efforts to develop advanced refrigerator models from global players. The Application segment is divided into commercial and residential in which the residential segment accounts for the largest Market share due to rising expenditure on household appliances.

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Major market players in Kitchen Appliances Market are Philips N.V, Inalsa, Black and Decker, Morphy Richards, Faber, Siemens, Bosch, Bajaj, Maharaja, Miele, and Other 9 more companies detailed information is provided in the report.

SWOT analysis of Kitchen Appliances Market
Strength:
Rapid change in lifestyle

Weakness:
Quite expensive

Opportunities:
Introduction of innovative products
Growth in investment through R&D

Threats:
Growing competition among key players

Kitchen Appliances Market Segmentation:
Kitchen Appliances Market Overview, By Product
*Refrigerators
*Dishwashers
*Ovens
*Cookware and cooktops
*Scales and thermometers
*Other products (Kettles and coffee makers)

Kitchen Appliances Market Overview, By Application
*Residential
*Commercial

Kitchen Appliances Market Overview, By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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The MarketWatch News Department was not involved in the creation of this content.