Automated Fare Collection System Market will reach $12.9 million by 2 kitchen Appliances Market Forecast and Industry An | Page 6

North America to witness the dominance of kitchen
appliances market for next eight years
North America kitchen appliances market generated a revenue of more
than $50 billion in 2016 and is expected to grow with the CAGR of 5.7%
during the forecast period. Countries such as U.S. and Canada have high
living standard due to high disposable income, hence supplementing the
market growth. According to According to National Restaurant
Association the United States holds more than 1 million restaurants all
alone.