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Global Kitchen Appliances Market has witnessed growth despite the economic slowdown across some of the major economies after the 2009 recession and the Eurozone crisis. Presence of large number of alternatives is driving the segment and with improving economic scenario, the market is expected to witness robust growth over the forecast period._x000D_ _x000D_ The market for home appliances is, in large part driven by kitchen appliances. With several of the world’s regions in economic troubles, including the UK, the category of home appliances is really being driven forward by smaller ticket sized appliances common in the kitchen. United Kingdom’s economic growth mirrors that of US: a muted 2.06% YoY GDP growth, in turn reflecting consumer trends when it comes to home and kitchen appliances. Kitchen appliances include large appliances like refrigerators, dishwashers, microwaves and ovens, gas stoves, chimneys, and smaller appliances like juicers/mixers, coffee and tea makers, toasters, air fryers, and non-cooking small items like kettles, knives, scales, graters, etc._x000D_ _x000D_ The UK market for kitchen appliances was worth US$ X.X bn as of 2014, and is expected to grow to US$ X.X bn by 2020, growing at a CAGR of X.X% over the forecast period. Small appliances are expected to grow at a CAGR of X.X% from US$ X.X bn in 2014 to US$ X.X bn in 2020. Large appliances are worth US$ X.X bn as of 2014, and are expected to grow at CAGR X% to US$ X.X bn in 2020. It is the small kitchen appliances market which is driving the growth in this market, along with value added premium products which enhance the lifestyle of purchasers._x000D_ _x000D_ Ecommerce as well as retail stores with tie ups with manufacturers, or those utilizing the economies of scale in large retail outlets, to provide innovative product bundling and discounts._x000D_ _x000D_ The latest trend in home appliances, including kitchen appliances is that of energy efficiency, and connectivity in line with IoT (Internet of Things), wherein most appliances can be remotely controlled, or are equipped with sensors designed to auto manage the appliances. Smart appliances, as they are called, alone are expected to drive this category ahead to achieve higher growth rates. With new and other houses going through refurbishing, kitchen appliances can be chosen to fit the size of the kitchen. The appliances are equipped with frills, or are available without frills across several price ranges._x000D_ _x000D_ Some notable companies included in the report are Electrolux, GE, LG Electronics, Samsung, Murphy Richards, Phillips, Bosch, Hamilton, and a range of other regional manufacturers. While US based manufacturers have a clear lead across several product categories, Asian manufacturers are establishing themselves in the mass market._x000D_ _x000D_ Drivers_x000D_ _x000D_ A recovering economy equipping citizens with high purchasing power, a speculated uplifting of the housing market, a surge in discounts, increasing innovations in the appliances, including fitting of sensors for smart kitchen appliances have been helping the UK kitchen appliance market grow._x000D_ _x000D_ Challenges_x000D_ _x000D_ A weak euro, insufficient innovations in services available in appliances to fit customer price range and small house sizes, are some of the challenges faced in kitchen appliances retail in the UK._x000D_ _x000D_ What the report offers_x000D_ _x000D_ 1.Market Definition for the Kitchen Appliances along with identification of key drivers and restraints for the market_x000D_ _x000D_ 2.Market analysis for the UK Kitchen Appliances Market, with region specific assessments and competition analysis on a UK and regional scale_x000D_ _x000D_ 3.Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a UK and regional scale_x000D_ _x000D_ 4.Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares_x000D_ _x000D_ 5.Identification and analysis of the Macro and Micro factors that affect the UK Kitchen Appliances Market on both UK and regional scale_x000D_ _x000D_ 6.A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information_x000D_

Published By: Mordor Intelligence
Published Date: Q3 2016

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