The European kitchen appliances market is anticipated to grow with a considerable CAGR of 5.7% during the forecast period (2020-2026). The growth of the market can be majorly attributed to the healthy economic conditions, high number of working populations, high disposable income among others. Europe is experiencing stable growth in the demand for kitchen appliances of various categories such as built-in, smart technology among others. The high penetration and awareness of smart technologies among the European population is significantly driving the adoption of smart kitchen appliances. Additionally, the presence of a large number of manufacturers, brands, and retailers of local origin as well as global operating is significantly aiding the growth of the market. In addition to this, the replacement of products is also providing a significant market for kitchen appliance manufacturers across the region.
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Furthermore, emphasis on innovation as well as energy-efficient products by the consumers is also strengthening the kitchen appliance industry. The new cooking appliances in the European market comes with an energy label showing their energy efficiency class that range from A+++ to G. With more efficient kitchen appliances, the region is expecting to be able to save around 1% of the annual energy consumed by households by 2030. This implies that around 2.7 million tons of CO2 will be avoided annually by 2030.
Market Coverage
· The market number available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
Countries Covered-
· UK
· Germany
· France
· Italy
· France
· Rest of Europe
Segment Covered-
· By Product Type
· By Application
· By Distribution Channel
· Competitive Landscape- Samsung Electronics Co. Ltd., Haier Group Corp., Hitachi, Ltd., Panasonic Corp., LG Electronics Inc., BSH Hausgeräte GmbH
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A full Report of Europe Kitchen Appliances Market is Available at: https://www.omrglobal.com/industry-reports/europe-kitchen-appliances-market
Europe Kitchen Appliances Market Report Segment
By Product Type
· Refrigerators
· Microwave
· Mixer & Juicer and Food Processors
· 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.)
