Semiconductors & Electronics Industry Kitchen Appliances Market Trends

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Kitchen Appliances Market Analysis, Size, Share, Growth,
Industry Trends and Forecast to 2024 - Hexa Research
" Fast paced lifestyle and a growing number of dual-
income households are expected to drive Kitchen
Appliances market growth."
The global Kitchen Appliances Market was estimated at around USD 179 billion in 2015. Energy and cost
efficient products can gain revenue share due to government initiative to conserve electricity consumption.
Rise in fast-paced modern lifestyle, dual income households, growing preference for modular kitchen are
expected to drive the demand of kitchen appliances. Moreover, rapid urbanization and product upgrade can
also contribute to market growth.
Increasing electricity costs and government focus to spread awareness about energy consumption can promote
environment friendly and energy efficient products. Health conscious and geriatric population requires kitchen
appliances that require less oil. The penetration of these appliances in the market can further propel industrial
growth. The kitchen appliances market is divided into products, fuel type, product structure, applications , and
regions.
By products, the market is segmented into dishwasher, refrigerator, cooking appliance, and other appliances.
Refrigerator accounted for over 40% of overall revenue share. It is expected to grow at a CAGR of around 5% till
2024.
Browse Details of Report @ https://www.hexaresearch.com/research-report/kitchen-appliances-market
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