The market for built-in kitchen appliances is estimated to be worth US$ 15,856.7 million in 2024. From 2024 to 2034, the market is likely to progress at a healthy CAGR of 7.5%. By 2034, the built-in kitchen appliance market is expected to reach US$ 32,681.2 million.
Current Market Dynamics in the Built-in Kitchen Appliance Industry
Attributes | Details |
---|---|
Built-in Kitchen Appliance Market Value for 2024 | US$ 15,856.7 million |
Projected Market Value for 2034 | US$ 32,681.2 million |
Value-based CAGR of Market for 2024 to 2034 | 7.5% |
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The built-in kitchen appliance market was tipped to be worth US$ 11,274.0 million in 2019, with a growth rate of 7.0% from 2019 to 2023.
Built-in kitchen appliances continued to progress strongly over the historical period. There was an increased requirement for appliances that help keep food fresh or reheating. By the end of the historical period in 2023, the market had hit a valuation of US$ 14,777.9 million.
Attributes | Details |
---|---|
Market Valuation (2019) | US$ 11,274.0 million |
Historical CAGR (2019 to 2023) | 7.0% |
Market Valuation (2023) | US$ 14,777.9 million |
In 2024, the value of the built-in kitchen appliance market is estimated to be US$ 15,856.7 million. As home cooking trends grow, there is an increased need for built-in kitchen appliances. In addition, the help of built-in kitchen appliances to store food and food ingredients is also expected to keep the demand flowing in the industry.
Eco-friendly built-in kitchen appliances are expected to soar in demand over the forecast period. Moreover, smart built-in kitchen appliances are also predicted to upsurge the market expansion. Several smart appliance manufacturers have launched connected kitchen appliances to increase consumer convenience. For instance, Anova Culinary launched the Anova precision oven in 2023. The smart oven is a combination of conventional convection technology along with steam cooking.
The built-in kitchen appliance market can be separated into two segments: product type and application.
Built-in refrigerators create sufficient cabinet space and provide room for customization. In 2024, the built-in refrigerator is estimated to account for 26.4% of the market share by product type.
Refrigerators are seen as an essential commodity in more or less every compact and spacious house. Thus, refrigerators are among the popular types of kitchen appliances.
Attributes | Details |
---|---|
Top Product Type | Built-in Refrigerator |
Market Share in 2024 | 26.4% |
Built-in kitchen appliances are widely utilized in residential kitchens. For 2024, residential application is anticipated to contribute to a dominant 80.8% of the market share.
While commercial spaces using built-in kitchen appliances are growing, residential application has maintained its stronghold. Built-in kitchen appliances are known for their aesthetic value, and residences are being spruced up with the products. The increasing incidence of smart and modular kitchens also makes residences prime for the appliances.
Attributes | Details |
---|---|
Top Application | Residential |
Market Share in 2024 | 80.8% |
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Improving lifestyles and the clamor for technology are two significant reasons for the market's growth. In addition, individuals with disposable incomes in emerging countries are eager to spend on built-in kitchen appliances to increase the glamorous look of kitchens.
The growth of the residential sector in the Asia Pacific is conducive to the development of the market. The number of high-end homes being constructed is increasing in the region, and thus, appliances are being sought to outfit the kitchens.
Countries | CAGR (2024 to 2034) |
---|---|
United States | 7.4% |
Australia | 7.9% |
Germany | 7.7% |
China | 7.6% |
India | 7.8% |
Australia is one of the leading countries in the market for built-in kitchen appliances. For the 2024 to 2034 period, the CAGR for Australia is projected to be an invigorating 7.9%.
Australian manufacturers are heeding the demand from consumers for cutting-edge technology in kitchen appliances. For example, Samsung Electronics Australia launched a built-in cooking range in October 2023. The range includes ovens, dishwashers, and more, and the appliances come equipped with advanced technologies like app connectivity and AI.
India is one of the leading countries in India for the built-in kitchen appliance market. For the forecast period, the CAGR for India is marked at a promising 7.8%.
Both local and foreign players are looking to take advantage of the opportunities present in the Indian market. The rising population, coupled with advances in the commercial sector, is making the country exciting for market players. For example, in June 2022, Crompton Greaves announced its entry into the built-in kitchen appliance market in India. The company had earlier been famous for products like fans and coolers.
China is not far behind India when it comes to growth predicted for the market. The market is anticipated to register an encouraging CAGR of 7.6% in China during the forecast period.
Several local companies manufacture built-in kitchen appliances in China. Foreign companies, too, have set up manufacturing plants in the country. Thus, there is plenty of options available to consumers, leading to demand being driven.
German consumers are eager to have kitchens that have aesthetic appeal while also being convenient. Spaciousness is considered in Germany, and manufacturers are launching increasingly comfortable-to-maneuver appliances in the country. For example, in September 2023, German brand Neff launched a new range of appliances whose workings are designed to be tailored to specific needs. The CAGR for Germany over the forecast period is projected to be an appreciable 7.7%.
The United States is witnessing surging trends in kitchen renovation. Consumers are willing to spend money on making kitchens attractive, leading also to the adoption of modular kitchens. Thus, built-in kitchen appliances are thriving in the country. For the forecast period, the CAGR for the United States is predicted to be a strong 7.4%.
Product innovation is a key strategy in the market. It is expected that built-in kitchen appliances will be quick to integrate cutting-edge technology into devices. Thus, companies are feeling the need to be aware of recent technological developments to keep the product line moving.
Market expansion is a key strategy for industry players. Multinational corporations are venturing into previously uncharted territories to expand the market. The market is also open to new entrants offering fresh products.
Recent Developments in the Built-in Kitchen Appliance Market
The built-in kitchen appliance market is estimated to reach US$ 15,856.7 million in 2024.
The requirement for built-in refrigerators is high, with an estimated market share of 26.4% in 2024.
Samsung, Haier Group, and Whirlpool Corporation are some prominent companies in the market.
The built-in kitchen appliance market size by 2034 is expected to be US$ 32,681.2 million.
Hidden and functional cabinets are a key trend in the industry in India.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2024 to 2034 5.3.1. Ovens & Microwaves 5.3.2. Hobs 5.3.3. Hoods 5.3.4. Dishwashers 5.3.5. Refrigerators 5.3.6. Others 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2024 to 2034 6.3.1. Residential 6.3.2. Commercial 6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Distribution Channel, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Distribution Channel, 2024 to 2034 7.3.1. Contract Sales 7.3.2. Exclusive Stores 7.3.3. Supermarket & Hypermarket 7.3.4. Online Channels 7.3.5. Others 7.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Distribution Channel, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia 8.3.6. Oceania 8.3.7. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Product Type 9.2.3. By Application 9.2.4. By Distribution Channel 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product Type 9.3.3. By Application 9.3.4. By Distribution Channel 9.4. Key Takeaways 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Argentina 10.2.1.4. Rest of Latin America 10.2.2. By Product Type 10.2.3. By Application 10.2.4. By Distribution Channel 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Type 10.3.3. By Application 10.3.4. By Distribution Channel 10.4. Key Takeaways 11. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. UK 11.2.1.5. Spain 11.2.1.6. Russia 11.2.1.7. BENELUX 11.2.1.8. Rest of Europe 11.2.2. By Product Type 11.2.3. By Application 11.2.4. By Distribution Channel 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By Application 11.3.4. By Distribution Channel 11.4. Key Takeaways 12. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Product Type 12.2.3. By Application 12.2.4. By Distribution Channel 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By Application 12.3.4. By Distribution Channel 12.4. Key Takeaways 13. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Thailand 13.2.1.3. Malaysia 13.2.1.4. Indonesia 13.2.1.5. Rest of South Asia 13.2.2. By Product Type 13.2.3. By Application 13.2.4. By Distribution Channel 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product Type 13.3.3. By Application 13.3.4. By Distribution Channel 13.4. Key Takeaways 14. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. Australia 14.2.1.2. New Zealand 14.2.2. By Product Type 14.2.3. By Application 14.2.4. By Distribution Channel 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Product Type 14.3.3. By Application 14.3.4. By Distribution Channel 14.4. Key Takeaways 15. MEA Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. GCC 15.2.1.2. Rest of MEA 15.2.2. By Product Type 15.2.3. By Application 15.2.4. By Distribution Channel 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Product Type 15.3.3. By Application 15.3.4. By Distribution Channel 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2023 16.1.2.1. By Product Type 16.1.2.2. By Application 16.1.2.3. By Distribution Channel 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2023 16.2.2.1. By Product Type 16.2.2.2. By Application 16.2.2.3. By Distribution Channel 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2023 16.3.2.1. By Product Type 16.3.2.2. By Application 16.3.2.3. By Distribution Channel 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2023 16.4.2.1. By Product Type 16.4.2.2. By Application 16.4.2.3. By Distribution Channel 16.5. Argentina 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2023 16.5.2.1. By Product Type 16.5.2.2. By Application 16.5.2.3. By Distribution Channel 16.6. Germany 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2023 16.6.2.1. By Product Type 16.6.2.2. By Application 16.6.2.3. By Distribution Channel 16.7. Italy 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2023 16.7.2.1. By Product Type 16.7.2.2. By Application 16.7.2.3. By Distribution Channel 16.8. France 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2023 16.8.2.1. By Product Type 16.8.2.2. By Application 16.8.2.3. By Distribution Channel 16.9. UK 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2023 16.9.2.1. By Product Type 16.9.2.2. By Application 16.9.2.3. By Distribution Channel 16.10. Spain 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2023 16.10.2.1. By Product Type 16.10.2.2. By Application 16.10.2.3. By Distribution Channel 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2023 16.11.2.1. By Product Type 16.11.2.2. By Application 16.11.2.3. By Distribution Channel 16.12. BENELUX 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2023 16.12.2.1. By Product Type 16.12.2.2. By Application 16.12.2.3. By Distribution Channel 16.13. China 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2023 16.13.2.1. By Product Type 16.13.2.2. By Application 16.13.2.3. By Distribution Channel 16.14. Japan 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2023 16.14.2.1. By Product Type 16.14.2.2. By Application 16.14.2.3. By Distribution Channel 16.15. South Korea 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2023 16.15.2.1. By Product Type 16.15.2.2. By Application 16.15.2.3. By Distribution Channel 16.16. India 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2023 16.16.2.1. By Product Type 16.16.2.2. By Application 16.16.2.3. By Distribution Channel 16.17. Thailand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2023 16.17.2.1. By Product Type 16.17.2.2. By Application 16.17.2.3. By Distribution Channel 16.18. Malaysia 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2023 16.18.2.1. By Product Type 16.18.2.2. By Application 16.18.2.3. By Distribution Channel 16.19. Indonesia 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2023 16.19.2.1. By Product Type 16.19.2.2. By Application 16.19.2.3. By Distribution Channel 16.20. Australia 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2023 16.20.2.1. By Product Type 16.20.2.2. By Application 16.20.2.3. By Distribution Channel 16.21. New Zealand 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2023 16.21.2.1. By Product Type 16.21.2.2. By Application 16.21.2.3. By Distribution Channel 16.22. GCC Countries 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2023 16.22.2.1. By Product Type 16.22.2.2. By Application 16.22.2.3. By Distribution Channel 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Product Type 17.3.3. By Application 17.3.4. By Distribution Channel 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. BSH Hausgeräte GmbH 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Electrolux 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. Haier Group 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. Whirlpool Corporation 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Panasonic Holdings Corporation 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. LG Electronics 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. Elica S.p.A. 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. Samsung 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. Gorenje 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 18.1.10. Arcelik 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Strategy 18.1.10.5.3. Channel Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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