Canada Built-In Kitchen Appliances Market Overview, 2028

The Canadian Built-in kitchen appliances market is expanding as the country's housing industry expands, as newer housing units feed the demand for the new kitchen and laundry appliances. For many customers in the country, getting on the property ladder is becoming a faraway dream, and growing house prices and mortgage rates are posing impediments to the expansion of these products. Consumers are also seeing considerable unit price increases on key appliances as a result of the Canadian government's taxes on imported items from the United States. Retailers are reporting minimal single-digit price hikes as cost-conscious Canadians delay kitchen upgrades. The market is fragmented, with numerous international corporations having a significant position. Whirlpool Corporation has just begun to work on smart refrigerators, while Electrolux AB has begun to invest in the region due to sales growth. Furthermore, GE intends to become the market leader in the appliance business. According to the research report, “Canada Built-In kitchen appliances Market Overview, 2028” published by Bonafide Research, the market is projected to add 201.01 Million from 2022 to 2028. The concept of having built-in kitchen equipment may be mostly attributable to the country's rising income levels. Disposable income is rising, while mortgage borrowing fell to its lowest level in nearly four years in early 2018. Growing urbanization is paving the way for multifunctional, linked appliances, which are converting customers' kitchens into spaces for cooking, technology, nutrition, and sustainability. According to the World Bank, the population of Canada was 38.246 Million. There are 18.90 million males and 19.17 million females in Canada. The percentage of the female population is 50.36% compared to 49.64% male population. Canada has 0.4 Million more females than males. The GDP of Canada was USD 1.99 Trillion in 2021. Rising quality products at lower costs are a critical factor driving market growth, as are rising smart kitchen appliances, rising availability of smart kitchen appliances and quality products at low costs, rising technological advancement, rising health concerns among customers, and rising demand for kitchen appliances due to population growth, among other factors driving the built-in appliances market. Furthermore, the rising adoption of smart kitchen appliances, increased availability of quality products at competitive rates, and increased social media marketing will create new opportunities for the built-in appliances market during the projection period. In the typical Canadian home, household appliances, including refrigerators, freezers, dishwashers, and water coolers, use up to 14.1% of the energy consumed. The Energy Efficiency Regulations of Canada set minimum performance requirements for energy efficiency and aid in removing the least effective items from the market in Canada. Canada's Energy Efficiency Regulations apply to the following ENERGY STAR-certified appliances: dishwashers, freezers, refrigerators, clothes dryers, and washing machines. Although they are regulated, integrated washer-dryers, other refrigerated items like coolers and wine chillers, and culinary appliances including electric and gas ranges, microwave ovens, cooktops, and ovens are not qualified for the ENERGY STAR label. As technologies such as automation, self-cleaning, and touch control are developed, built-in ovens are becoming more hygienic and inventive, keeping them dust-free and protected from external damage. Furthermore, the temperature can be set to a specified amount to cook optimal dishes. To give the kitchen a more visually pleasing appearance, built-in hobs are placed at the same level as the kitchen cooktops. Market participants are developing energy-efficient appliances and investing in new raw materials and production choices, as well as unique thermal element designs. They are also adopting cutting-edge technologies to boost sales, such as artificial intelligence (AI) and the Internet of Things (IoT). For example, the 400 Series Combi-Steam Oven from Robert Bosch GmbH's Gaggenau luxury home appliance brand allows users to save up to 50 recipes for frequently cooked dishes and offers smartphone control options. The top players in the built-in large kitchen appliances business also offer technology and features such as touchscreen doors, Wi-Fi connectivity, voice control assistance, and self-cleaning. Covid-19 The spread of COVID-19 contributed to the decline of the Canada 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 Canada Built-In kitchen appliances market in the coming years. Considered in this report • Geography: Canada • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Canada 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.