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Global Built-In Kitchen Appliances Market Research Report, 2028

Global Built-In Kitchen Appliances Market Research Report, 2028

Actual Market Research 31-12-2022 137 Pages Figures : 38 Tables : 58 Region : Global Category : Consumer Goods & Services Appliances & Equipment

1. Haier Appliances (India) Private Limited

2. Midea Group Co Limited

3. Panasonic Corporation

4. Samsung Electronics Co., Limited

5. Elica S.P.A

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The expansion of the built-in kitchen appliances market can be attributed primarily to increasing demand for energy efficiency among consumers (particularly in developed countries) and an increasing focus on lifestyle changes, such as vegetarianism and veganism (where refrigerators are used mainly for storing fruits and vegetables). Built-in Kitchen Appliances are a type of appliance that has been installed in the structure and built into the main body. The products are mainly used for cooking and heating food on or near stovetops. The global demand for these products is increasing because they save space and keep all utensils together. If the user has a small space, installing these appliances can help maintain a clean look in the home by removing clutter items outside the walls, which may be dangerous to children due to their hot surfaces when boiling water. Also, to conserve energy, there are electric stoves created by new technologies that can turn on or off automatically. They also create an easier and more hygienic cooking environment. According to the research report, "Global Built-in Kitchen Appliances Market Research Report, 2028," published by Actual Market Research, the market is anticipated to reach USD 25 Billion, increasing from USD 17.7 Billion in 2022 and registering a CAGR of more than 6%. Expanding demand for optimal space utilization is expected to drive revenue growth in the market. The built-in appliances in the modular kitchen are flush with the wall, which gives it a clean and modern look. Further, the need for built-in kitchen appliances has increased significantly owing to the increase in residential buildings, bringing manufacturing numbers to a respectable level. The housing market's situation dramatically influences the manufacturing of built-in kitchen equipment. For instance, the residential housing sector in the United Kingdom is anticipated to increase demand for large home appliances nationwide, boosting the market's potential for long-term growth. The demand for built-in kitchen appliances may be boosted in the near future by the country's growing number of home renovation projects. However, the rising cost of operation, maintenance, and environmental impact associated with the working of these appliances and increasing energy consumption are among the major factors among others that will obstruct the market's growth and further challenge the growth of the built-in appliances market in the forecast period. According to the report, the global market is majorly segmented into five regions, including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. Among them, North America is dominating the market with more than 44% share, owing to the increasing population of working women at a rapid rate as they prefer to spend time outside the home rather than doing household chores. Built-in kitchen appliances allow the consumer to work efficiently and quickly without creating a mess in the kitchen. The growing expenditure capacity of consumers is making them able to spend on the construction of premium residential spaces and the purchase of quality household items to make living more comfortable and convenient. Furthermore, the expanding base of middle-class and affluent consumers who are fairly young and love to cook are some of the major driving factors for the built-in kitchen market. As per the obtained data, today's new generation of customers is willing to spend well because they want to have the best-looking new products when they choose appliances for their kitchen. The growing upscale urban customer has traveled the world and seeks the same level of premium products that are available in global markets. Because the kitchen is such an important part of the home, and with urbanization on the rise, the potential for kitchen appliances is enormous, with people willing to spend a little more for better products that bring the desired benefits into their lives. Also, consumers are shifting toward online sales channels, particularly after the COVID-19-induced lockdown. The market's trend for buying built-in kitchens and other appliances for the home is moving toward e-commerce platforms. The availability of various discounts, which makes purchasing convenient for individuals, is causing the trend to rise in the coming years. Moreover, due to the rise in single-person households and concerns about space conservation, large built-in kitchen appliances such as ovens, as well as built-in refrigerators, are particularly in demand. Based on product type, the market is segmented into various products, including built-in ovens, built-in hobs, built-in hoods, built-in refrigerators, built-in dishwashers, and others. Among them, built-in refrigerators are anticipated to gain the most market share, with more than 25% during the forecast period. However, sales of built-in cooktops are expected to increase at a considerable pace owing to the high popularity of energy-efficient cooktops and other attributes like temperature range, safety, durability, and quick setup. Home induction cooktops are high-end kitchen equipment that can be used to fry or cook food. Also, the increased introduction of kitchen equipment with improved safety features will drive sales in this segment over the forecast period. Built-in ovens and cooking hoods are among the equipment that is being adopted on the back of the growing popularity of western kitchen styles. Western-style kitchen appliances help to eliminate unpleasant concerns like cooking smoke and promote safe and healthy cooking practices. Manufacturers are incorporating advanced technology such as flameless cooking and temperature control development, which is expected to augment the growth in this segment. A recent trend in the market is the increasing use of door-in-door refrigerators as they are great energy savers; hence, with today's advanced appliance technology, one can still run their refrigerator while preserving electricity. A refrigerator with a clear window on the front panel allows one to see what is inside without opening the door, plus it will cut cold air loss by nearly 50%. Furthermore, refrigerators with five drawers where one can store their food and drinks so that they can pull one out and take what they need without releasing any chilly air are available. Restaurant operators are being encouraged to modernize their facilities and provide better services as consumer spending on tourism grows. As a result, rising demand for the installation of improved kitchen equipment in commercial kitchens is likely to boost the market. Furthermore, as end-user industries become more aware of the benefits of energy-efficient commercial kitchen equipment, demand for built-in large cooking appliances in the commercial sector is expected to rise significantly. Favorable government policies are encouraging the use of energy-efficient commercial kitchen equipment, which is likely to boost commercial kitchen appliance sales and reduce energy usage. On the other end, online shopping is becoming a preferred choice among consumers for residential kitchen appliances because of its convenience and low prices. However, physical retail stores will still be a destination for people who want to stock up on their cooking equipment. Recent Developments: • On February 9, 2022, LG Electronics (LG)'s latest Signature Kitchen Suite French Door built-in refrigerator will be unveiled in person at the 2022 Kitchen & Bath Industry Show (KBIS), February 8-10 in Orlando, Florida It was done (we.). New to LG's premium line of built-in kitchen appliances, the 48-inch-wide French door refrigerator combines the versatility and convenience of a convertible drawer with a sleek, practical design that's more stylish and practical. • Robert Bosch GmbH's Gaggenau luxury home appliance brand 400 Series Combi-Steam Oven enables customers to save up to 50 recipes for regularly prepared items and includes smartphone control options. Technology and features like touchscreen doors, Wi-Fi connection, voice control assistance, and self-cleaning are also being offered by the major participants in the built-in large cooking appliances industry. • On 20th March 2019, Electrolux announced the launch of a new intuitive kitchen range all across Europe. The company has developed a line of Electrolux-branded products comprising a truly intuitive kitchen range, designed to work in harmony with the cooks. • In April 2022, Nobia introduced the first group-wide design concept Nordic Nature, inspired by the Nordic forests. This was launched by Marbodal (Sweden), Sigdal (Norway), and A'la Carte (Finland) in 2021 and this year by HTH and Invita (Denmark), and Magnet (UK). This development will help the company to increase its sales • Bosch introduced the Series 2 electric built-in oven in stainless steel, which is capable of baking and roasting well. Philips, LG, and Morphy Richards are a few more well-known companies that compete in this market. Major Companies present in the market: BSH Hausgeräte GmbH, Electrolux, Whirlpool, ROBAM, Elica, Vatti, Panasonic, Gorenje, Arcelik AS, Macro, GD Midea Holding, Samsung Electronics Co. Ltd, Morphy Richards, LG Electronics Inc., Hitachi Appliances Inc., Koninklijke Philips N.V., Haier, Hafele appliances, Sub-Zero Group, Inc., Miele & Cie. KG Considered in this report • Geography: Global • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Global built-in kitchen appliances market with its value and forecast along with its segments • Region-wise built-in kitchen appliances market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Regions & Countries covered in the report: • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Spain, Italy, Russia) • Asia-Pacific (China, Japan, India, Australia, South Korea) • South America (Brazil, Argentina, Colombia) • Middle East & Africa (UAE, Saudi Arabia, South Africa) By Product Type: • Built-In Ovens • Built-In Hobs • Built-In Hoods • Built-In Refrigerators • Built-In Dishwashers • Others (Trash cans cabinets, coffee maker, etc.) By Application Type: • Commercial • Residential 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.

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