Global Kitchenware Equipment Market Estimated To Reach USD 234.5 Billion By 2024

According to Goldstein Research, global kitchenware equipment market is expected to grow from USD 176.4 billion in 2016 to reach USD 234.5 billion by 2024, growing at a compounded annual growth rate of 3.6% over the forecast period 2016-2024. The wave of digitization in the mode of selling and the equipment manufactured coupled with the increasing consumer spending abilities are driving the growth of the market. Global kitchenware equipment market segmentation has been carried out on the basis of products, mode of consumption, application, and region. With the growing hospitality sector and urbanization of a region, vast opportunities for the market players have opened up, who are now focusing on eco-friendly and low power consuming equipment. Global kitchenware equipment market is majorly driven by North America, due to large kitchen spaces which are feasible for deploying appliances. North America is followed by Asia Pacific region with China and Japan being the top markets of kitchenware equipment.

Market Segmentation

On the basis of our in-depth analysis, Global Kitchenware EquipmentMarket can be segmented as follows:

  • By Product Type
    • Cook-wares
    • Bake-wares
    • Cutlery & Knife Accessories
    • Appliances
    • Utensils & small Gadgets
  • By Distribution Channel
    • Online
    • Offline
  • By End Users
    • Residential Kitchen
    • Commercial Kitchens
  • By Region
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}


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Market Trends, Players, & Challenges

Global Kitchenware Equipment Market Outlook 2024” contains a detailed overview of the global kitchenware equipment market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, distribution channel, and end-users.

Further, for the in-depth analysis, Global Kitchenware Equipment Industry Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Hobart Corporation, LG Electronics, Samsung Electronics, Morphy Richards, Phillips, Electrolux, Whirlpool, Pyrex Cookware, Illinois tools Works Inc., Manitowoc Company Inc., Dover Corporation, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global kitchenware equipment market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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