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The Asia Pacific kitchen appliances market size was valued at USD 103.78 billion in 2023. The market is further projected to grow at a CAGR of 5.0% between 2024 and 2032, reaching a value of USD 161.38 billion by 2032.
Japan and South Korea have high disposable incomes, with Japan's disposable income per capita at 404 thousand JPY and South Korea's at 2191419 KRW in 2022. This play a significant role in driving the Asia Pacific kitchen appliances market growth as consumers in these countries are more willing to invest in premium and convenient kitchen appliances, leading to a higher adoption rate of built-in kitchen appliances that offer flexibility, energy efficiency, and smart technology features. Haier has introduced smart refrigerators, ovens, and dishwashers in the market, offering features like remote monitoring, voice control, and smartphone integration.
To drive sales and reach a wider customer base, companies in the region are offering innovative credit schemes and flexible financing options. For example, Panasonic India has introduced a consumer financing program in partnership with leading banks, offering easy financing options for consumers looking to purchase kitchen appliances.
The market is witnessing a shift towards replacement sales, with consumers replacing conventional appliances with newer, smarter, and more efficient models. For instance, LG Electronics is focusing on replacement sales by offering advanced features and technologies in its kitchen appliances, such as smart refrigerators with door-in-door compartments and smart ovens with precision cooking technology. LG's InstaView Door-in-Door refrigerator is a popular smart refrigerator in the Asia Pacific market. It allows users to see inside without opening the entire fridge, helping to reduce cold air loss and save energy. Such launches aid in Asia Pacific kitchen appliances market development.
Whirlpool's Supreme Care Front Load Washing Machine is a popular washing machine in the Asia Pacific market as it features a large capacity, intuitive user interface, and advanced wash programs, making it an ideal choice for large families and busy households.
Asia Pacific Kitchen Appliances Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by End Use
Market Breakup by Distribution Channel
Market Breakup by Country
Market players are incorporating technological advancements, enhancing connectivity through smart technologies, and offering a wide range of kitchen appliances to meet the diverse needs of consumers.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by End Use |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Kitchen Appliances Market Overview
8.1 Key Industry Highlights
8.2 Global Kitchen Appliances Historical Market (2018-2023)
8.3 Global Kitchen Appliances Market Forecast (2024-2032)
8.4 Global Kitchen Appliances Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Asia Pacific Kitchen Appliances Market Overview
9.1 Key Industry Highlights
9.2 Asia Pacific Kitchen Appliances Historical Market (2018-2023)
9.3 Asia Pacific Kitchen Appliances Market Forecast (2024-2032)
10 Asia Pacific Kitchen Appliances Market by Product
10.1 Dishwashers
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Microwave Ovens
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Refrigerators
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Mixers and Grinders
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Food Processors
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Asia Pacific Kitchen Appliances Market by End Use
11.1 Residential
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Commercial
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Asia Pacific Kitchen Appliances Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Specialty Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Asia Pacific Kitchen Appliances Market by Country
13.1 China
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Japan
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 India
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 ASEAN
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Samsung Electronics Co. Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 LG Electronics Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Whirlpool Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Electrolux AB
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Panasonic Holdings Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Haier Group Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Gree Electric Appliances, lnc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Robert Bosch GmbH
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Koninklijke Philips N.V.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Midea Group Co. Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Kitchen Appliances Market: Key Industry Highlights, 2018 and 2032
2. Asia Pacific Kitchen Appliances Market: Key Industry Highlights, 2018 and 2032
3. Asia Pacific Kitchen Appliances Historical Market: Breakup by Product (USD Billion), 2018-2023
4. Asia Pacific Kitchen Appliances Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. Asia Pacific Kitchen Appliances Historical Market: Breakup by End Use (USD Billion), 2018-2023
6. Asia Pacific Kitchen Appliances Market Forecast: Breakup by End Use (USD Billion), 2024-2032
7. Asia Pacific Kitchen Appliances Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Asia Pacific Kitchen Appliances Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Asia Pacific Kitchen Appliances Historical Market: Breakup by Country (USD Billion), 2018-2023
10. Asia Pacific Kitchen Appliances Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Asia Pacific Kitchen Appliances Market Structure
In 2023, the market reached an approximate value of USD 103.78 billion.
The market is expected to grow at a CAGR of 5.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 161.38 billion by 2032.
The market is being driven due to rising demand for innovative kitchen appliances, the availability of a variety of products, and the growing number of women in the workforce leading to a higher demand for smart kitchen products.
Key trends aiding the market expansion include preference for purchasing appliances from physical stores, the provision of discounts, growing demand for smart kitchen appliances integrated with advanced technologies, and the increasing trend of online shopping, especially in the Asia Pacific region.
Countries considered in the market are China, Japan, India, ASEAN, and Australia, among others.
Different kitchen appliances in the market are dishwashers, microwave ovens, refrigerators, mixers and grinders, and food processors, among others.
Based on end use, the market segmentations include residential and commercial.
Key players in the market are Samsung Electronics Co. Ltd., LG Electronics Inc., Whirlpool Corporation, Electrolux AB, Panasonic Holdings Corporation, Haier Group Corporation, Gree Electric Appliances, lnc., Robert Bosch GmbH, Koninklijke Philips N.V., and Midea Group Co. Ltd., among others.
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