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Kitchen Appliances Market is Expected to Reach $253.4 Billion, Globally, by 2020

Kitchen appliances market Report, published by Allied Market Research, forecasts that the global market is expected to garner a revenue of $253.4 billion by 2020, registering a CAGR of 6.4% during the forecast period 2014 - 2020.The growth of the kitchen appliances market is supplemented by rising disposable incomes, changing lifestyles, increasing health concerns and the growing food and services industry. The kitchen appliances market primarily includes refrigerators, cooking appliances, dishwashers and others. The other category includes coffee maker, grinders, kettles and etc. The refrigerator market contributes for a larger market share in the global kitchen appliances market.

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Kitchen Appliances Market is Expected to Reach $253.4 Billion, Globally, by 2020

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  1. Kitchen Appliances Market Opportunities and Forecasts, 2014 - 2022

  2. Kitchen Appliances Market: Future and Growth • Future and Growth of the Market • The global market is expected to garner a revenue of $253.4 billion by 2020,  • Registering a CAGR of 6.4% during the forecast period 2014 – 2020 • With respect to user application, the household segment accounted for the larger market share • The demand for electric appliances market is forecast to grow at a relatively higher rate compared to the gas operated appliances.

  3. Kitchen Appliances Market: Factors Contributing to Market Growth • Factors Contributing to Market Growth are: • The rising disposable income and changing lifestyles of people • The price gaps are narrowing on appliances • Technological advancements in appliances • Development of smart and efficient appliances • Modular kitchen setup is increasingly being opted due to the rise in living standards 

  4. Kitchen Appliances Market: Key Factors • Key Factors of the Market • The Global kitchen appliances market is growing due to increasing disposable incomes, the growing food and services industry and the increasing health concerns, during the forecast period (2014 - 2020) • Refrigerator market is the major contributor in kitchen appliances market • Cooking appliances, is the second leading market segment

  5. Kitchen Appliances Market Segmentation The market is segmented based on types, user application, fuel type, product structure

  6. Kitchen Appliances Market Segmentation • Geographically, The market is segmented by • North America enjoys the biggest share in the global kitchen appliances market • Asia-Pacific would prove to be one of the most profitable markets • The developing economies such as China and India would largely contribute to the growth of the market • Other regions for market growth are Europe and LAMEA

  7. Kitchen Appliances Market: Key Players • Key Players • Electrolux • Whirlpool • Samsung • Philips • Morphy Richard • Dacor • General Electric (GE) • Life is Good (LG) • Haier • Panasonic

  8. Summary With respect to user application, the household segment accounted for the larger market share. The market has also been analysed from the perspective of fuel type. The gas appliances accounted for a major part of the kitchen appliances market, followed by electric appliances. The demand for electric appliances market is forecast to grow at a relatively higher rate compared to the gas operated appliances To Know more about Kitchen Appliances Market Visit : https://www.alliedmarketresearch.com/kitchen-appliances-market Follow us on

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