Russia Built-In Kitchen Appliances Market Overview, 2028

Russia Built-In Kitchen Appliances Market Overview, 2028

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

Built-in Kitchen Appliances are a type of kitchen appliance that has been installed in the structure and built with the main body. The products are mainly used for cooking and heating food on or near stovetops. Most users prefer to use this product because it will save space and keep all utensils together. If you have small spaces then installing these kinds of appliances can help maintain your home's clean look without clutter items outside the walls which may be dangerous to children due to its hot surface when boiling water. To conserve energy there is some kind of electric stoves created by new technologies that can turn on or off automatically. In Russia, kitchens are usually smaller in size so only a limited no. of kitchen appliances are fitted into the kitchen. Refrigerators and Gas stoves are the main appliances in the typical Russian kitchen. AEG, Antonio Merloni, Ardo, Ariston, Beko, Bosch, Candy, Cata, Electrolux, Elica, Fagor, Falmec, Franke, Gaggenau, Gorenje, Hansa, Ilve, Indesit, Jetair, Krona, Kuppersbusch, Liebherr, Miele, Nardi, Neff, Shindo, Siemens, Smeg, Whirlpool, Zanussi, Zigmund & Shtain are the brands in Built-in Kitchen Appliances Market. Whirlpool Corporation, Samsung Electronics Co. Ltd, Sharp Corporation, Smeg S.p.A, and Beko are the major players in the market. According to the research report, “Russia Built-in Kitchen Appliances Market”, the market is anticipated to add USD 207.28 Million by 2028. The rise in demand for optimum space utilization is expected to drive revenue growth in the market. Built-in appliances can save space, which is one of their main benefits. This innovative kitchen equipment, which ranges from a built-in gas burner to a built-in chimney and is especially useful in smaller kitchens with limited space for foundation and surface area, only occupies space that would have been used by cabinets. A modular kitchen's built-in appliances have a clean and modern appearance since they are flush against the wall. They are adaptable and fashionable and fit in classic and country cottage kitchens as well as modern ones. In addition, kitchen built-in appliances feature a modern, sleek aesthetic that makes it easy to design a seamless, fuss-free finish throughout the whole kitchen plan. They also provide sophistication and better working conditions. Hence, demand for optimum space utilization is leading to a rise in demand for built-in kitchen appliances, which is in turn, expected to drive market revenue growth. As per World Bank, Russia has a population of 143.4 million people in 2021, with 66.50 million men and 76.90 million women. A total of 49.80 million people, or the majority of the population, are between the ages of 18 and 44. Inhabitants dwell in metropolitan areas, whereas rural areas have 35.85 million people. According to the World Bank, Russia's GDP in 2021 was USD 1.78 trillion, with an inflation rate of 6.7% and a per capita income of US$12,172.8. In Russia, 58.5 million households are there, and more than 1, 00,000 restaurants, café, bars, bakeries, etc. Thus, the increasing no. of households and no. of restaurants in the country is propelling the growth of the Built-in Kitchen Appliances Market. Based on Product type, Built-in refrigerators have dominated the market due to Built-in refrigerators being one of the appliances that can make a kitchen look more elegant and stylish. Although many people still prefer to buy separate freezers, built-in refrigeration units have several advantages in comparison with them: they take up less space on the countertop or floor (if you have limited living space), they save much time by providing a place for storing both fresh food items and frozen ones, their installation is more convenient than installing two appliances separately, etc. The built-in hobs segment is expected to register a rapid revenue growth rate during the forecast period owing to its increasing popularity. Gas pipes for a built-in cooktop are hidden, giving the kitchen a clean and seamless appearance. These hobs are ideal for small kitchens as they do not appear bulky. These built-in hobs include a pulse ignition technology that requires turning the control knob to light burners; hence a lighter or matchstick is not required and also include several contemporary features and functionality. They nearly typically come with programmable alarms and timers, so one never has to worry about the food being overcooked or burned. Based on Application Type, the market is segmented into Commercial and Residential. The commercial segment includes Restaurants, Hotels, bars, café, etc. 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. Furthermore, favorable government policies are encouraging the use of energy-efficient commercial kitchen equipment, which is likely to boost commercial kitchen appliance sales to reduce energy usage. The use of Built-in Kitchen Appliances in Residential is typically focused on cost efficiency rather than appearance since these appliances are mostly hidden behind cabinetry doors. Because most people have kitchens with enough physical room for at least one appliance side by side, it isn't common for homeowners to install all major built-in kitchens. Covid-19 Impact: The Covid-19 pandemic has negatively impacted the Built-in Kitchen Appliances Market With industries. Major companies have suspended their operations in different locations due to the lockdown and social distancing norms. Post-pandemic, the industry expects a lot of requirement and demand owing to the rapid urbanization and growing need for wise use of the area present. Considered in this report • Geography: Russia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Russia's Built-in Kitchen Appliance 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 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 Personal Care Appliance 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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