Asia Pacific Kitchen Appliances Market Introduction and Overview
According to SPER Market Research, the Asia Pacific Kitchen Appliances Market is estimated to reach USD 169.82 billion by 2033 with a CAGR of 5.23%.
The report includes an in-depth analysis of the Asia Pacific Kitchen Appliances Market, including market size and trends, product mix, Applications, and supplier analysis. Kitchen appliances are cooking equipment made to make cooking simple and effortless. Kitchen appliances run on electricity or gas. In the kitchen, these appliances are mostly used for cleaning, storing, and cooking. The market is dominated by electric kitchen appliances, although solar energy, renewable energy, and cooking fuel are also crucial for running kitchenware appliances. Stove, refrigerator, and dishwasher are some of the key machines utilized in the kitchen. These appliances, which are often made for counters, also include coffee makers, food processors, and blenders. They provide particular culinary functions and are less costly.
- Samsung announced the release of a new smart refrigerator with AI integration in March 2021. Features including video calling, grocery list creation, and a kitchen entertainment system are included with this product. Additionally, it can sync and connect to multiple devices at once.
- BSH Home Appliances Corporation established a cooperation with Plum in April 2021 to manufacture next-generation kitchen appliances in response to shifting consumer demand.
Market Opportunities and Challenges
Opportunities: The market for kitchen appliances is a new sector with enormous growth potential in the near future. Growing urbanization and rising disposable income have given consumers more money to spend on luxuries, which has a beneficial impact on the market for kitchen appliances. Modular kitchens have become more popular due to changes in consumer lifestyles, which has led to the creation of cutting-edge and creative kitchen appliances. The demand for commercial kitchen appliances has surged due to the rapid expansion of food service establishments. The advent of electric and induction cooking equipment has led to a reasonable increase in the number of cooking appliances. In an effort to establish a significant presence in the kitchen appliance market, businesses are introducing novel and inventive goods.
Challenges:
Increased Upkeep and Repair Costs to Restrain Market Expansion - The market's expansion is mostly being held back by consumers' high maintenance and repair needs for various home appliances. Furthermore, the desire for smart kitchen equipment among the population with lower incomes is probably going to be constrained by their greater cost. Prominent firms are finding it difficult to build their businesses due to fierce rivalry from local industry participants. These issues are probably going to restrict market expansion.
Market Competitive Landscape
Market players are incorporating technical breakthroughs, increasing connectivity through smart technologies, and providing a diverse selection of kitchen appliances to fulfill the diverse needs of consumers. Key market players are Samsung Electronics Co. Ltd, LG Electronics Inc, Whirlpool Corporation, Electrolux AB, Panasonic Holdings Corporation, Haier Group Corporation, Gree Electric Appliances, lnc, Robert Bosch GmbH, Koninklijke Philips N.V, Midea Group Co. Ltd.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By End Use, By Distribution Channel |
| Regions covered | Australia, China, India, Japan, South Korea, Rest of Asia-Pacific |
| Companies Covered | Samsung Electronics Co. Ltd, LG Electronics Inc, Whirlpool Corporation, Electrolux AB, Panasonic Holdings Corporation, Haier Group Corporation, Gree Electric Appliances, lnc, Robert Bosch GmbH, Koninklijke Philips N.V, Midea Group Co. Ltd. |
By Product Insights:
Refrigerator Segment to Exhibit a Significant Share of the Market Due to the Need to Maintain Food Quality. Refrigerators are mostly used in kitchens to prevent food from spoiling, extend shelf life, and maintain food quality, resulting in a bigger proportion of this market. Furthermore, the increasing technical advancements in the design of various types of refrigerators are anticipated to entice people to purchase such modern refrigerators.
COVID-19 Impact on Asia Pacific Kitchen Appliances Market
The COVID-19-induced lockout restriction has resulted in the closure of several electronic outlets, limiting market expansion. Furthermore, decreased consumer confidence in purchasing newer sorts of home care items as a result of unemployment or business losses among customers during such an outbreak has slowed market growth. The dearth of full-time servants in houses as a result of labor migration during the lockdown period has somewhat increased consumer demand for multi-functional kitchen appliances. Furthermore, the growing popularity of working from home among corporate professionals for disease protection has increased customer interest in diverse kitchen activities. This has helped to sustain market expansion.
Key Target Audience:
- Urban Households
- Rural Households
- Homemakers
- Small and Medium-Sized Restaurants
- Retail Chains and Supermarkets
- E-commerce Platforms
- Appliance Distributors and Retailers
- Builders and Real Estate Developers
- Interior Designers and Kitchen Consultants
- Government and Regulatory Bodies
Our in-depth analysis of the Asia Pacific Kitchen Appliances Market includes the following segments:
| By Product: | DishwashersMicrowave OvensRefrigeratorsMixers and GrindersFood ProcessorsOthers |
| By End Use: | ResidentialCommercial |
| By Distribution Channel: | Supermarkets and HypermarketsSpeciality StoresOnlineOthers |
Key Topics Covered in the Report:
- Asia Pacific Kitchen Appliances Market Size (FY’2024-FY’2033)
- Overview of Asia Pacific Kitchen Appliances Market
- Segmentation of Asia Pacific Kitchen Appliances Market By Product (Dishwashers, Microwave Ovens, Refrigerators, Mixers and Grinders, Food Processors, Others)
- Segmentation of Asia Pacific Kitchen Appliances Market By End Use (Residential, Commercial)
- Segmentation of Asia Pacific Kitchen Appliances Market By Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Others)
- Statistical Snap of Asia Pacific Kitchen Appliances Market
- Expansion Analysis of Asia Pacific Kitchen Appliances Market
- Problems and Obstacles in Asia Pacific Kitchen Appliances Market
- Competitive Landscape in the Asia Pacific Kitchen Appliances Market
- Impact of COVID-19 and Demonetization on Asia Pacific Kitchen Appliances Market
- Details on Current Investment in Asia Pacific Kitchen Appliances Market
- Competitive Analysis of Asia Pacific Kitchen Appliances Market
- Prominent Players in the Asia Pacific Kitchen Appliances Market
- SWOT Analysis of Asia Pacific Kitchen Appliances Market
- Asia Pacific Kitchen Appliances Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia Pacific Kitchen Appliances Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia Pacific Kitchen Appliances Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Pacific Kitchen Appliances Market
7. Asia Pacific Kitchen Appliances Market, By Product (USD Million) 2020-2033
7.1. Asia Pacific Kitchen Appliances Market Size, Share and Forecast, By Product, 2020-2026
7.2. Asia Pacific Kitchen Appliances Market Size, Share and Forecast, By Product, 2027-2033
7.3. Dishwashers
7.4. Microwave Ovens
7.5. Refrigerators
7.6. Mixers and Grinders
7.7. Food Processors
7.8. Others
8. Asia Pacific Kitchen Appliances Market, By End Use (USD Million) 2020-2033
8.1. Asia Pacific Kitchen Appliances Market Size, Share and Forecast, By End Use, 2020-2026
8.2. Asia Pacific Kitchen Appliances Market Size, Share and Forecast, By End Use, 2027-2033
8.3. Residential
8.4. Commercial
9. Asia Pacific Kitchen Appliances Market, By Distribution Channel (USD Million) 2020-2033
9.1. Asia Pacific Kitchen Appliances Market Size, Share and Forecast, By Distribution Channel, 2020-2026
9.2. Asia Pacific Kitchen Appliances Market Size, Share and Forecast, By Distribution Channel, 2027-2033
9.3. Supermarkets and Hypermarkets
9.4. Speciality Stores
9.5. Online
9.6. Others
10. Asia Pacific Kitchen Appliances Market Forecast, 2020-2033 (USD Million)
10.1. Asia Pacific Kitchen Appliances Market Size and Market Share
11. Asia Pacific Kitchen Appliances Market, By Region, 2020-2033 (USD Million)
11.1. Asia Pacific Kitchen Appliances Market Size and Market Share By Region (2020-2026)
11.2. Asia Pacific Kitchen Appliances Market Size and Market Share By Region (2027-2033)
11.3. Australia
11.4. China
11.5. India
11.6. Japan
11.7. South Korea
11.8. Rest of Asia-Pacific
12. Company Profile
12.1. Samsung Electronics Co. Ltd
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. LG Electronics Inc
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Whirlpool Corporation
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Electrolux AB
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Panasonic Holdings Corporation
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Haier Group Corporation
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Gree Electric Appliances, lnc
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Robert Bosch GmbH
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Koninklijke Philips N.V
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Midea Group Co. Ltd
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
