Colombia Built-In Kitchen Appliances Market Overview, 2028

Colombia Built-In Kitchen Appliances Market Overview, 2028

Actual Market Research 31-12-2022 58 Pages Figures : 4 Tables : 10 Region : South America Country : Argentina Category : Consumer Goods & Services Appliances & Equipment

The market for built-in kitchen appliances in Columbia is anticipated to expand significantly as a result of factors including rising urbanization, rising disposable income, the number of working women, and expanding residential and commercial sectors. Built-in kitchen appliances are a great alternative for those who have small homes and limited space for kitchen appliances since they require less room and can be installed in compact spaces. Built-in kitchen appliances are also a great option for commercial hotels and other smaller spaces. As a result, it might be a key element in the growth of the market for built-in kitchen appliances in Columbia. The demand for built-in kitchen appliances is being driven by the expanding residential construction taking place all over the world as a result of the impressive economic expansion, rising disposable income, and improvement in the standard of living. By increasing the number of kitchens, the building of new housing units is also foreseeing the need for these products during the forecasted period. According to the research report "Columbia Built-In kitchen appliances Market Overview, 2028," published by Bonafide Research, the market is expected to add USD 49.11 million by 2028. Rapid urbanization and rising consumer disposable income allow them to make investments in high-quality lifestyles. Additionally, over the next five years, it is anticipated that the demand for the Columbia built-in kitchen market will increase due to the rising popularity of frozen and ready-to-eat food products and the strong desire for the development of smart kitchens among customers. Working women have a strong desire for built-in kitchens since they can cook and clean kitchen appliances with less time and effort. Additionally, they enable the user to cook swiftly and effectively without making a mess in the kitchen. Based on consumer needs and available space, market participants are introducing cutting-edge and visually pleasing kitchen equipment to improve the appearance of kitchen areas. However, the expansion of the Columbia built-in kitchen appliances market in the forecast period may be hampered by high tax and import duties as well as the ongoing increase in the price of raw materials. In 2021, the Columbia population was 51.27 million, with 25.17 million men and 26.09 million women, more than 81.74. % of the Columbia population leaves in urban areas, while 18.3% leaves in rural areas. The country has a GDP of 342.92 billion and a per capita income of USD 16459. As we can see that more than 81.74% population of Columbia leaves in urban areas this creates a huge demand for built-in kitchen appliances in Columbia as most of the population leaves in urban areas which could be a major factor in the market growth of built-in kitchen appliances in Columbia. As a result of built-in kitchen appliances making it simple to prepare, clean, and store food, 52.18% of women in Columbia are career-focused. Working women in Columbia have a high preference for built-in kitchen appliances since they are easier to clean and take up less time. This is one of the elements that will support the expansion of the built-in kitchen industry in Columbia. The increased demand for efficient space utilization is expected to drive market revenue growth. One of the most significant benefits of built-in appliances is their ability to save space. This innovative kitchen equipment, which includes everything from a built-in gas burner to a built-in chimney and is particularly useful in smaller kitchens with limited foundation and surface area, takes up space that cabinets would have. Because built-in appliances in a modular kitchen are flush against the wall, they have a clean, modern appearance. They are versatile and fashionable, and they look great in both traditional and contemporary kitchens. Furthermore, kitchen built-in appliances have a modern, sleek appearance that makes designing a seamless, modern kitchen simple. They also provide sophistication and better working conditions. As a result, increased demand for built-in kitchen appliances is driving up demand for optimal space utilization, which is expected to drive market revenue growth. The increased use of door-in-door refrigerators as excellent energy savers is a recent market trend; thus, with today's advanced appliance technology, one can still run their refrigerator while conserving electricity. Look for Energy Star models if you want a refrigerator with features like a door-in-door. A refrigerator with a clear window on the front panel lets you see what's inside without opening the door, and it cuts cold air loss by nearly 50%. There are also refrigerators with five drawers for storing food and drinks, allowing users to pull one out and take what they need without releasing any chilly air. The commercial segment is expected to contribute significantly to revenue growth during the projection period. The majority of commercial kitchen operators struggle to keep their small facilities running. Fitting all of the equipment into a small kitchen preparation area is difficult; thus, built-in kitchen appliances are useful in this situation because these gadgets are designed to perform large tasks while saving space. Using a notable business machine instead of two or three would be unnecessary. Every food preparation tool, including benchtop catering equipment and commercial refrigerators, can be used in the same manner. These devices are designed to take up less space while completing the job on time. The typical power consumption of an electric oven is from 2,000 to 5,000 watts, whereas that of an electric stove is about 3,000 watts. The amount of electricity needed to operate larger burners on an electric stovetop is higher. With burner sizes ranging from 1,200 to 3,000 watts, there are many different types of cooktops. With an average annual consumption of 408 kWh, a refrigerator-freezer is usually the kitchen appliance with the highest electricity use. Even though electric hobs typically outperform gas hobs in terms of efficiency, their operating costs can be higher due to the higher cost of electricity (0.71 kWh per usage). Dishwasher usage uses 1.44 kWh of energy each time while being convenient (at 65 C). Power consumption for range hoods ranges between 70 and 150 watts. A range hood uses about 25 kWh of energy per year when used as frequently as a standard electric range. Covid-19 Columbia's built-in kitchen appliances market was affected during the COVID-19 period 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 are likely to dip 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 Columbia's Built-In kitchen appliances market in the coming years. Considered in this report • Geography: Columbia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Columbia 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, annual reports of companies, and analyzing 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.

Read More

Card image cap

Interested in this report?
Get your FREE sample!

Requirement Gathering & Methodology
Data Collection Techniques
Our Research Team & Data Sourcing
Data Science & Analytical Tools
Data Visualization & Presentation Skills
Project/ Report Delivery & After Sales Services