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Home » Consumer Goods » Residential Kitchen Appliances Market Report 2030

Residential Kitchen Appliances Market By Product Type (Refrigerators, Ovens, Dishwashers, Microwaves, Cooktops and Ranges, Freezers, Coffee Makers, Toasters & Grills, Others [e.g., Blenders, Food Processors]); By Technology (Smart Appliances [IoT-enabled, Wi-Fi connected], Conventional Appliances); By Distribution Channel (Offline Retail [Specialty Stores, Hypermarkets, Supermarkets], Online Retail [E-commerce Platforms]); By Energy Source (Electric, Gas, Solar); By Geography, Segment revenue estimation, Forecast, 2024-2032.

Published On: SEP-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 76401137

The residential kitchen appliances market was worth USD 200 billion in 2023 and will be worth USD 270 billion by 2030, growing at a CAGR of 4.5% during the forecast period.

 

The global Residential Kitchen Appliances market is projected to grow due to the growing popularity of energy-efficient and smart appliances and rising consumer preference for convenience and technology. According to the 2023 statistics, more than 60% of new kitchen appliances produced in North America are energy-efficient, mainly due to governments’ stimuli and increased environmental consciousness. Also, the rising popularity of Smart Home technologies acts as a driving force in the market, with smart kitchen appliances maintaining a yearly growth rate of more than 15%.  A recent development includes introducing AI-powered appliances like smart ovens and refrigerators, allowing users to remotely monitor and control their kitchen devices. For example, companies like Samsung and LG have launched AI-driven refrigerators that provide inventory tracking and recipe suggestions, enhancing convenience and efficiency for homeowners.

 

One of the key prospects for the growth of the Residential Kitchen Appliances market is higher levels of connectivity and installation of IoT elements in these devices, especially in developed regions of the world, including North America and Europe. With an annual growth rate of over 20% in 2023, the rise of the smart home market created consumer demand for appliances that fit into smart home ecosystems. A recent offering is smart home devices equipped with voice actionable capabilities and pairing with Alexa and home voice activated systems. For example, LG’s latest line of smart kitchen appliances allows users to remotely control their refrigerators, ovens, and dishwashers, creating significant opportunities for manufacturers to tap into the growing smart home segment.

 

residential-kitchen-appliance-market-infographics

 

Market Segmentation

By Product Type:

  • Refrigerators

  • Ovens

  • Dishwashers

  • Microwaves

  • Cooktops and Ranges

  • Freezers

  • Coffee Makers

  • Toasters & Grills

  • Others (e.g., Blenders, Food Processors)

 

By Technology:

  • Smart Appliances (IoT-enabled, Wi-Fi connected)

  • Conventional Appliances

 

By Distribution Channel:

  • Offline Retail (Specialty Stores, Hypermarkets, Supermarkets)

  • Online Retail (E-commerce Platforms)

 

By Energy Source:

  • Electric

  • Gas

  • Solar

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • India

  • China

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Argentina

  • Uruguay

  • Saudi Arabia

  • Rest of LAMEA

 

North America dominates the Residential Kitchen Appliances market, driven by the high adoption rate of advanced technologies and energy-efficient appliances. In 2023, more than 70% of households in the U.S. had integrated smart kitchen appliances, supported by rising consumer demand for convenience and environmental consciousness. The U.S. and Canada are leading in smart home adoption, which has fueled the demand for connected kitchen devices like smart refrigerators, ovens, and dishwashers. A recent development includes the integration of AI and IoT into appliances, such as Whirlpool's latest smart appliances that can be controlled via voice assistants like Amazon Alexa. Additionally, energy-efficient certifications like ENERGY STAR have boosted the demand for eco-friendly appliances, further solidifying North America's dominance in this market.

 

Key Players

  • Whirlpool Corporation

  • Samsung Electronics

  • LG Electronics

  • GE Appliances

  • Electrolux AB

  • Bosch Home Appliances

  • Panasonic Corporation

  • Haier Group

  • Miele & Cie. KG

  • Smeg S.p.A.

 

Residential Kitchen Appliances Market Report Coverage

Report Attribute

Details

Forecast Period

2023 – 2030

Market Size Value in 2023

USD 200 billion

Revenue Forecast in 2030

USD 270 billion

Overall Growth Rate

CAGR of 4.5%

Base Year for Estimation

2022

Historical Data

2017 – 2021

Unit

USD Billion, CAGR (2023 - 2030)

Segmentation

By Product Type, By Technology, By Distribution Channel, By Region

By Product Type

Refrigerators, Ovens, Dishwashers, Microwaves, Cooktops and Ranges, Freezers, Coffee Makers

By Technology

Smart Appliances (IoT-enabled), Conventional Appliances

By Distribution Channel

Offline (Specialty Stores, Hypermarkets), Online Retail

By Region

North America, Europe, Asia-Pacific, LAMEA

Country Scope

US, Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Australia, etc.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Question About This Report

The residential kitchen appliance market was valued at USD 200 billion in 2023 and is projected to reach USD 270 billion by 2030, growing at a CAGR of 4.5% during the forecast period.

The smart appliances segment is experiencing significant growth, reflecting the increasing integration of IoT and AI technologies in kitchen appliances.

The market is driven by the growing popularity of energy-efficient and smart appliances, along with rising consumer preference for convenience and technology. In 2023, over 60% of new kitchen appliances produced in North America were energy-efficient, influenced by government incentives and increased environmental consciousness.

Key players include Whirlpool Corporation, Samsung Electronics, LG Electronics, and Electrolux AB.

North America dominates the market, attributed to high consumer demand for advanced kitchen appliances and a strong emphasis on energy efficiency.

.

Table of Contents

1.    RESIDENTIAL KITCHEN APPLIANCE MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030)
1.1. North America
1.2. Europe
1.3. Asia Pacific
1.4. Latin America
1.5. Middle East & Africa
2.    RESIDENTIAL KITCHEN APPLIANCE MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Latin America
2.5. Middle East & Africa
3.    MARKET SHARE ANALYSIS – RESIDENTIAL KITCHEN APPLIANCE MARKET
3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume
3.2. Market Share, 2023
3.3. Market By Product Type of Residential Kitchen Appliance and End Use Outlook Analysis
4.    HISTORIC TRENDS IN RESIDENTIAL KITCHEN APPLIANCE MARKET
5.    EMERGING MARKET TRENDS
6.    NORTH AMERICA RESIDENTIAL KITCHEN APPLIANCE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
6.1. North America Residential Kitchen Appliance Historical Market ($MILLION), (2017 – 2023)
6.2. North America Residential Kitchen Appliance Market ($MILLION) and Forecasts (2024 – 2030)
6.3. North America Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type
6.3.1. Refrigerators
6.3.2. Ovens
6.3.3. Dishwashers
6.3.4. Microwaves
6.3.5. Cooktops and Ranges
6.3.6. Freezers
6.3.7. Coffee Makers
6.3.8. Toasters & Grills
6.3.9. Others (e.g., Blenders, Food Processors)
6.4. North America Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology
6.4.1. Smart Appliances (IoT-enabled, Wi-Fi connected)
6.4.2. Conventional Appliances
6.5. North America Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Distribution Channel
6.5.1. Offline Retail (Specialty Stores, Hypermarkets, Supermarkets)
6.5.2. Online Retail (E-commerce Platforms)
6.6. North America Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Energy Source
6.6.1. Electric
6.6.2. Gas
6.6.3. Solar
6.7. North America Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
6.7.1. USA
6.7.2. Canada
6.7.3. Rest of North America
7.    USA RESIDENTIAL KITCHEN APPLIANCE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.    EUROPE RESIDENTIAL KITCHEN APPLIANCE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.1. Europe Residential Kitchen Appliance Historical Market ($MILLION), (2017 – 2023)
8.2. Europe Residential Kitchen Appliance Market ($MILLION) and Forecasts (2024 – 2030)
8.3. Europe Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type
8.4. Europe Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology
8.5. Europe Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Distribution Channel
8.6. Europe Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Energy Source
8.7. Europe Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
8.7.1. Germany
8.7.2. France
8.7.3. UK
8.7.4. Italy
8.7.5. Spain
8.7.6. Rest of Europe
9.    APAC RESIDENTIAL KITCHEN APPLIANCE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
9.1. APAC Residential Kitchen Appliance Historical Market ($MILLION), (2017 – 2023)
9.2. APAC Residential Kitchen Appliance Market ($MILLION) and Forecasts (2024 – 2030)
9.3. APAC Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type
9.4. APAC Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology
9.5. APAC Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Distribution Channel
9.6. APAC Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Energy Source
9.7. APAC Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
9.7.1. China
9.7.2. Japan
9.7.3. South Korea
9.7.4. India
9.7.5. Australia
9.7.6. Rest of APAC
10.    LATIN AMERICA RESIDENTIAL KITCHEN APPLIANCE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
10.1. Latin America Residential Kitchen Appliance Historical Market ($MILLION), (2017 – 2023)
10.2. Latin America Residential Kitchen Appliance Market ($MILLION) and Forecasts (2024 – 2030)
10.3. Latin America Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type
10.4. Latin America Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology
10.5. Latin America Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Distribution Channel
10.6. Latin America Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Energy Source
10.7. Latin America Residential Kitchen Appliance Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
10.7.1. Brazil
10.7.2. Argentina
10.7.3. Rest of Latin America
11.    COMPANY PROFILES:
11.1. Whirlpool Corporation
11.1.1. Company Overview  
11.1.2. Company Snapshot  
11.1.3. Operating business segments
11.1.4. Product offered and Revenue
11.1.5. Production & Sales
11.2. Samsung Electronics
11.3. LG Electronics
11.4. GE Appliances
11.5. Electrolux AB
11.6. Bosch Home Appliances
11.7. Panasonic Corporation
11.8. Haier Group
11.9. OTHER MARKET PLAYERS

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