The market for built-in kitchen appliances is estimated to be worth USD 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 USD 32,681.2 million.
Current Market Dynamics in the Built-in Kitchen Appliance Industry
| Attributes | Details |
|---|---|
| Built-in Kitchen Appliance Market Value for 2024 | USD 15,856.7 million |
| Projected Market Value for 2034 | USD 32,681.2 million |
| Value-based CAGR of Market for 2024 to 2034 | 7.5% |
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
The built-in kitchen appliance market was tipped to be worth USD 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 USD 14,777.9 million.
| Attributes | Details |
|---|---|
| Market Valuation (2019) | USD 11,274.0 million |
| Historical CAGR (2019 to 2023) | 7.0% |
| Market Valuation (2023) | USD 14,777.9 million |
In 2024, the value of the built-in kitchen appliance market is estimated to be USD 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% |
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
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 USD 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 USD 32,681.2 million.
Hidden and functional cabinets are a key trend in the industry in India.
| Estimated Market Size (2023E) | USD 4.2 Billion |
|---|---|
| Projected Market Valuation (2033F) | USD 8.7 Billion |
| Value-based CAGR (2023 to 2033) | 7.6% |
| Market Estimated Size (2023) | USD 12.2 Billion |
|---|---|
| Market Projected Size (2033) | USD 21.8 Billion |
| Market Value-based CAGR (2023 to 2033) | ~5.9% |
Explore Home and Living Insights
View Reports
Built-In Kitchen Appliance Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
