China Kitchen Appliances Market Introduction and Overview
According to SPER Market Research, the China Kitchen Appliances Market is estimated to reach USD 171.8 billion by 2033 with a CAGR of 4.28%.
The report includes an in-depth analysis of the China Kitchen Appliances Market, including market size and trends, product mix, applications, and supplier analysis. Cooking appliances made for easy, seamless cooking are called kitchen appliances. Appliances in the kitchen are powered by either gas or electricity. In the kitchen, these appliances are mostly used for cleaning, storing, and cooking. The market is dominated by electric kitchen appliances, but solar, renewable, and cooking fuel energy are also significant sources of kitchen appliance operation. Among the most common appliances in a kitchen are the stove, refrigerator, and dishwasher. These appliances, which are often meant for counters, also include food processors, coffee makers, and blenders. They are utilized for particular cooking tasks and are less costly. Due to changes in people's lifestyles brought about by a significant increase in disposable income, they are becoming more and more popular among customers.
- August 2023; Xiaomi launched The Mijia 5.5L Visual Air Fryer, which comes with a host of features designed to elevate the cooking experience. The 6.8-inch ingredient viewing window, which lets customers keep an eye on their food without interfering with the cooking process, is one of its best features. Efficient oil removal and no-flip cooking methods are supported by the equipment, guaranteeing quick and nutritious meals. The gadget also has a circular OLED display with various modes, a timer, and a temperature indicator.
- September 2022; Introducing the MIJIA Cooking Robot from Xiaomi, with up to 35 cooking possibilities, the device could prepare three distinct foods at once. The new device appeared to be an excellent culinary tool with a wide range of uses and remarkable features. With a 2.2 liter capacity, the smart cooking pot could reach a maximum heating temperature of 180 degree C.
Market Opportunities and Challenges
Opportunities- Both men and women find plenty of work options in the modern world. People are working longer hours and dedicating more time to their jobs, which leaves them with less time for their health and wellbeing. The growing disposable income is driving the demand for takeout or fast meals due to their convenience. But it's also contributing to a rise in the prevalence of chronic illnesses. Families and consumers are making the deliberate decision to enjoy fresh, healthful meals prepared at home. Working professionals who are exhausted can prepare and cook food more quickly and easily with the help of kitchen gadgets, which also lessen their workload.
Challenges- Appliances in the kitchen are powered by either gas or electricity. When gasoline and energy are in short supply and there is not enough infrastructure, these gadgets are nearly useless in low- and middle-income areas. In addition, there have been instances of electrical short circuits with powered devices and dangerous radiation from appliances. Smart appliance technical issues are causing customers to feel distressed. Disasters including property loss, fire, and personal injury could result from these. As a result, worries over kitchen equipment safety will keep the company from expanding.
Market Competitive Landscape
The China Kitchen Appliances Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Gree Electric Appliances Inc., Haier Smart Home, Hisense Home Appliances Group, Joyoung, Midea Group, Robam, Supor, TCL Technology, Vatti, and Xiaomi Smart Home, Others.
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 Type, By Application, By Technology
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| Regions covered | East, North, Northeast, South Central, Southwest, Northwest
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| Companies Covered | Gree Electric Appliances Inc., Haier Smart Home, Hisense Home Appliances Group, Joyoung, Midea Group, Robam, Supor, TCL Technology, Vatti, and Xiaomi Smart Home. |
COVID-19 Impact on China Kitchen Appliances Market
China's kitchen appliance market was greatly affected by the COVID-19 pandemic, which raised demand as more people cooked at home. Sales of clever and multipurpose kitchen gadgets increased in response to lockdowns and social distancing tactics. On the other hand, there were brief shortages and delays due to manufacturing shutdowns and supply chain disruptions. Customers started to avoid physical businesses, which drove the transition towards e-commerce and led to a spike in online sales. In general, the pandemic changed consumer tastes, placing a greater emphasis on kitchen appliances' technology and convenience.
Key Target Audience
- Urban Families
- Young Professionals
- Tech Savvy Consumers
- Middle Class Households
- Health Conscious Individuals
- New Homeowners
- Dual Income Households
- Senior Citizens
Our in-depth analysis of the China Kitchen Appliances Market includes the following segments:
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By Product Type:
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Refrigerator
Cooking Appliance
Dishwasher
Others
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By Application:
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Commercial
Residential
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By Technology:
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Conventional
Smart Appliances
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Key Topics Covered in the Report
- China Kitchen Appliances Market Size (FY’2024-FY’2033)
- Overview of China Kitchen Appliances Market
- Segmentation of China Kitchen Appliances Market by Product Type (Refrigerator, Cooking Appliances, Dishwasher, Others)
- Segmentation of China Kitchen Appliances Market by Application (Commercial, Residential)
- Segmentation of China Kitchen Appliances Market by Technology (Conventional, Smart Appliances)
- Statistical Snap of China Kitchen Appliances Market
- Expansion Analysis of China Kitchen Appliances Market
- Problems and Obstacles in China Kitchen Appliances Market
- Competitive Landscape in the China Kitchen Appliances Market
- Impact of COVID-19 and Demonetization on China Kitchen Appliances Market
- Details on Current Investment in China Kitchen Appliances Market
- Competitive Analysis of China Kitchen Appliances Market
- Prominent Players in the China Kitchen Appliances Market
- SWOT Analysis of China Kitchen Appliances Market
- China 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 China Kitchen Appliance 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. China Kitchen Appliance Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in China Kitchen Appliance Market
7. China Kitchen Appliance Market, By Product Type (USD Million) 2020-2033
7.1. China Kitchen Appliance Market Size, Share and Forecast, By Product Type, 2020-2026
7.2. China Kitchen Appliance Market Size, Share and Forecast, By Product Type, 2027-2033
7.3. Refrigerator
7.4. Cooking Appliance
7.5. Dishwasher
7.6. Others
8. China Kitchen Appliance Market, By Application (USD Million) 2020-2033
8.1. China Kitchen Appliance Market Size, Share and Forecast, By Application, 2020-2026
8.2. China Kitchen Appliance Market Size, Share and Forecast, By Application, 2027-2033
8.3. Commercial
8.4. Residential
9. China Kitchen Appliance Market, By Technology (USD Million) 2020-2033
9.1. China Kitchen Appliance Market Size, Share and Forecast, By Technology, 2020-2026
9.2. China Kitchen Appliance Market Size, Share and Forecast, By Technology, 2027-2033
9.3. Conventional
9.4. Smart Appliances
10. China Kitchen Appliance Market Forecast, 2020-2033 (USD Million)
10.1. China Kitchen Appliance Market Size and Market Share
11. China Kitchen Appliance Market, By Region, 2020-2033 (USD Million)
11.1. China Kitchen Appliance Market Size and Market Share By Region (2020-2026)
11.2. China Kitchen Appliance Market Size and Market Share By Region (2027-2033)
11.3. East
11.4. North
11.5. Northeast
11.6. South Central
11.7. Southwest
11.8. Northwest
12. Company Profile
12.1. GREE ELECTRIC APPLIANCES INC
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. HAIER SMART HOME
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. HISENSE HOME APPLIANCES GROUP
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. JOYOUNG
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. MIDEA GROUP
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. ROBAM
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. SUPOR
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. VATTI
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. XIOMI SMART HOME
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. 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.
