PUBLISHER: 360iResearch | PRODUCT CODE: 1464943
PUBLISHER: 360iResearch | PRODUCT CODE: 1464943
[198 Pages Report] The Built-in Kitchen Appliances Market size was estimated at USD 13.81 billion in 2023 and expected to reach USD 14.78 billion in 2024, at a CAGR 7.23% to reach USD 22.51 billion by 2030.
Built-in kitchen appliances are integrated units that are designed to fit within the cabinetry or a designated space in the kitchen, offering a seamless and sleek look. These appliances, including ovens, microwaves, dishwashers, and refrigerators, are preferred for their aesthetic appeal as they blend with the kitchen decor, enhance space utilization by minimizing clutter, and potentially increase the overall property value. The major factors expanding their use include the growing demand for convenient, space-saving, and energy-efficient solutions in modern kitchen designs, alongside advancements in smart kitchen technologies that appeal to tech-savvy consumers seeking functionality and style. However, higher purchase and installation costs compared to freestanding models and potential complexities with fitting them into existing spaces present significant challenges for market growth. Despite these challenges, the integration of smart technology for improved functionality, energy efficiency, and convenience and the trend toward personalized and adaptive kitchen designs could drive demand for modular and customizable appliances that cater to individual preferences and cooking habits.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 13.81 billion |
Estimated Year [2024] | USD 14.78 billion |
Forecast Year [2030] | USD 22.51 billion |
CAGR (%) | 7.23% |
Product Type: Growing consumer preference for built-in cooktops for aesthetic kitchen infrastructure
Cooktops constitute a vital component of kitchen convenience, offering diverse options such as gas, electric, and induction. Cooktops are chosen based on the type of cooking, kitchen size, and preferred energy source. Induction cooktops are favored for their efficiency and safety, gas cooktops for their temperature control, and electric cooktops for their affordability and ease of cleaning. Consumers prioritize dishwashers that offer energy efficiency, noise reduction, and advanced features, including adjustable racks and smart technology integration for convenience. Innovations in dishwashers have led to models that can be monitored and controlled by smartphone apps, as well as features including soil sensors to optimize water and energy use. Energy-efficient models are increasingly preferred for their long-term savings. The choice of built-in ovens often depends on cooking habits, with preferences ranging from conventional to convection and, more recently, smart ovens that offer precise control and connectivity. Convection ovens are favored for their ability to cook food evenly and efficiently, while smart ovens offer the added convenience of remote control and custom cooking modes. Multi-function ovens combine various cooking methods in one appliance, appealing to avid cooks looking for versatility. The primary considerations for range hoods are ventilation efficiency, noise level, and integration with the kitchen's aesthetic. Major range hood models range from wall-mounted to ceiling-mounted, with variations suited to open-plan spaces or compact kitchens. Refrigerator choices are guided by capacity needs, layout preferences, such as French door, side-by-side, or top-freezer, and smart features that allow for temperature and inventory management via mobile devices.
End-Use: Emerging usage of built-in-kitchen appliances in residential spaces
In the commercial segment, which includes restaurants, hotels, and other food-service establishments, demand is high for durable, efficient, and high-capacity appliances. The focus is on appliances that can withstand heavy usage, have lower energy consumption for cost efficiency, and feature advanced technologies for consistency and quality in food preparation. The residential segment, comprising individual households, prefers appliances that blend seamlessly into kitchen aesthetics, offer convenience, and are energy-efficient. The modern consumer also shows a growing interest in smart kitchen appliances that can be connected and controlled through smartphones, adding a layer of convenience and control.
Regional Insights
In the Americas, the market for built-in kitchen appliances is experiencing steady growth., driven by factors such as increasing consumer interest in home renovations and upgrades, a rise in the construction of new residential units, and the growing demand for energy-efficient and smart kitchen appliances. The United States is a significant market in this region, showing a strong preference for high-end, smart kitchen appliances that offer convenience and connectivity. In Europe, there is a strong inclination towards appliances that are energy-efficient and environmentally friendly, propelled by stringent EU regulations and a heightened consumer consciousness about environmental issues. The Middle East and Africa are observing steady growth influenced by urbanization, an expanding middle class, and an increasing preference for modern, stylish kitchens. Asia-Pacific is witnessing the fastest growth in the market for built-in kitchen appliances. Rapid urbanization, rising disposable incomes, and a growing interest in adopting modern lifestyles drive this growth. Expanding retail networks and eCommerce are also facilitating market growth in this region.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Built-in Kitchen Appliances Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Built-in Kitchen Appliances Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Built-in Kitchen Appliances Market, highlighting leading vendors and their innovative profiles. These include Beko Global, Crompton Greaves Consumer Electricals Limited, Electrolux AB, Elica S.p.A., Faber S.p.A., Fujioh International Trading Pte. Ltd., General Electric Company, Gorenje Group, Haier Group Corporation, Hangzhou ROBAM Appliances Co., Ltd., Hettich Holding GmbH & Co. oHG, HK Appliances GmbH, Hafele SE & Co KG, IFB Industries Ltd., LG Electronics Inc., Miele & Cie. KG, Panasonic Holdings Corporation, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Siemens AG, Silverline Appliances, SMEG UK LTD, Steeline, Teka Group, and Whirlpool Corporation.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Built-in Kitchen Appliances Market?
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3. What are the technology trends and regulatory frameworks in the Built-in Kitchen Appliances Market?
4. What is the market share of the leading vendors in the Built-in Kitchen Appliances Market?
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