Australia Built-In Kitchen Appliances Market Overview, 2028

Australia Built-In Kitchen Appliances Market Overview, 2028

Actual Market Research 31-12-2022 58 Pages Figures : 4 Tables : 10 Region : Asia-Pacific Country : Australia Category : Consumer Goods & Services Appliances & Equipment

The Australian built-in kitchen appliances market is expected to grow at a faster CAGR during the projected period due to rising product demand, the emergence of the e-commerce industry, and rapid urbanization. Furthermore, hectic schedules and quick lifestyle changes are increasing the demand for kitchen gadgets that make living more comfortable and easy. Furthermore, new technological developments and increased investments in research and development of various electric kitchen appliances are expected to boost the growth of the Australian kitchen appliances market during the forecast period. Residential building construction is expected to rise over the forecast period, bolstering sector growth. Furthermore, household income is expected to rise over the next five years, while consumer sentiment is expected to remain positive. Australia's current disposable income is roughly USD 1191.8 billion, a 2% growth over the previous year, which is a positive indicator for the industry. The Australian kitchen appliances sector is fragmented, with numerous players present. Many multinational players have a presence in the Australian kitchen appliance industry. Samsung Electronics, Electrolux, LG Electronics, Haier Group, Miele, Breville Group, Smeg, Artusi Appliances, ILVE, and Westinghouse are among the major companies. In Australia, Samsung is the market leader in the Built-In kitchen appliance business. According to the research report "Australia Built-in kitchen appliances Market Overview, 2028," published by Bonafide Research, the market is expected to add USD 124.62 Million by 2028. The demand for dishwashers, coffee makers, and freezers is increasing in Australia as the number of homes increases and disposable income rises. A survey of household appliance ownership in Australia reveals a high penetration rate of a specific device. For example, refrigerators, microwaves, toasters, and other small kitchen appliances have more than an 80% penetration rate, indicating that product demand is driven by replacement purchases. However, because products such as dishwashers, coffee machines, and freestanding freezers have a low penetration rate in Australia, fresh purchases of these devices will fuel future demand. According to the World Bank, the population of Australia was 25.739 Million. There are 12.84 million males and 12.94 million females in Australia. The percentage of the female population is 50.21% compared to 49.79% male population. Australia has 0.11 million more males than females. The GDP of Australia was USD 1.54 Trillion in 2021. Built-in smart kitchen appliances are integrated appliances with Wi-Fi connections that are permanently installed in kitchen areas and operate with a companion app. Built-in appliances save room while performing their essential functions. Due to the rise in tiny dwellings brought on by population expansion around the world, these integrated appliances are becoming more and more important. Some examples of smart appliances are smart stoves and refrigerators. When using a smart range, one can touch to use presets that will cook their food to perfection, connect via Bluetooth to a "personal" chef, and use an app to preheat their oven while they are away from home. The majority of kitchen appliance products are sourced from overseas manufacturers. As a result, for many businesses, being close to large ports can help cut transportation expenses. The kitchen and domestic appliance industries are primarily concentrated in New South Wales and Victoria, which account for more than 65% of the country's businesses. New South Wales and Victoria are both national transportation and distribution centers. Melbourne receives roughly one-third of all imported commodities in Australia. States and territories without large ports account for a lesser proportion of appliance industry activity. Recent Development: • Samsung introduced its new range of French door fridges for the Australian market in May 2021. The control panel, water dispenser, and ice maker have all been relocated to the inside of the new 7000 Series. Each is built following the government's new real-useable capacity guidelines. • LG Electronics has significantly modified the technology in their dishwashing machines to be more COVID-19 compliant by September 2020. All 2020 models are now certified by the US National Sanitation Foundation to remove bacteria from dishes by 99.99 percent and achieve a final rinse temperature of more than 150°F when used on the TrueSteam steam cycle or the High Temp cycle of other LG dishwashers. Covid-19 The spread of COVID-19 contributed to the decline of the Australia Built-In kitchen appliances market on the back of disturbances in the supply chain and discontinuation of production. Moreover, consequent disruptions in the operations in the lockdown period in the country dipped the sales revenue for many of the top Built-In kitchen appliances brands in the near term and significantly contribute towards the slow growth of the Australia Built-In kitchen appliances market in the coming years. Considered in this report • Geography: Australia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Australia's Built-in kitchen appliances market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Built-In Ovens • Built-In Hobs • Built-In Hoods • Built-In Refrigerators • Built-In Dishwashers • Others (Trash can cabinet, Built-in coffee maker, etc.) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Built-in kitchen appliances industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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