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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