The Asia-Pacific kitchen appliances market is anticipated to grow with a considerable CAGR of 8.0% during the forecast period (2020-2026). The Asia-Pacific kitchen appliance market growth is influenced by the increasing working population across the region especially the women working population base and the nuclear family. Additionally, the major changes in eating habits and the significant influence of the western lifestyle will also aid in the growth of the Asia-Pacific kitchen appliances market. Moreover, the increasing disposable income especially in large population base countries such as China and India will present new growth opportunities to the market.
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New and innovative product launches is also expected to fuel market growth, as it will augment the adoption of higher valued kitchen appliances. For instance, in June 2019, Samsung Electronics launched Project PRISM in South Korea that features customizable home appliances including BESPOKE which can fit into any lifestyle. The customers are provided with the option to personalize the materials, colors, shapes, and designs of the products. Some of the globally recognized brands present in the kitchen appliance market include Samsung Electronics Co. Ltd., Rinnai Corp., LG Electronics Co. Ltd. among others.
Market Coverage
· The market number available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
Ø Countries Covered-
· India
· China
· Japan
· Rest of Asia-Pacific
Ø Segment Covered-
· By Product Type
· By Application
· By Distribution Channel
· Competitive Landscape- Samsung Electronics Co. Ltd., Rinnai Corp., LG Electronics Co. Ltd., Panasonic Corp., Koninklijke Philips N.V.
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Asia-Pacific Kitchen Appliances Market Report Segment
By Product Type
· Refrigerators
· Microwave
· Mixer & Juicer
· Stove & Hobs
· Dishwasher
· Water Purifier
· Coffee Machines
· Other
By Application
· Residential
· Commercial
By Distribution Channel
· Online Channel
· Offline Channel
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
