Insights on the Kitchen Appliances Global Market to 2025 – Key Drivers and Restraints

The “Kitchen Appliances Market – Forecasts from 2020 to 2025” report has been added to ResearchAndMarkets.com’s offering.

The kitchen appliances market was estimated at US$103.067 billion in the year 2019.

The primary growth factors for the kitchen appliances market to surge throughout the forecast period include rapid urbanization and changing lifestyles of the people due to the rising disposable income which is amplifying the demand for numerous appliances, especially in the developing economies. Kitchen Appliances are those appliances that are designed to make cooking easy and smooth. The major applications of these appliances include cooking, storage, and cleaning among others. Furthermore, the growing innovations by key players in the kitchen appliances market for the development of new and advanced products with an aim to cater to the burgeoning consumer requirements is also one of the major factors that show the potential for the market growth during the next five years.

These appliances further allow smooth functioning in the kitchen activities along with offering numerous benefits to their use. In addition, the rising penetration of energy-efficient appliances coupled with the increasing focus of the market players towards their investments in the development of low energy consuming devices is also anticipated to positively impact the market growth throughout the forecast period and beyond. Also, the changing consumer lifestyle is adding further leading to increased adoption of convenient and hassle-free products as the hectic lifestyle is further promoting the use of various kitchen appliances for time-saving purposes is also projected to support the market growth in the coming years.

Urbanization plays an important role in driving the demand for various products as more and more people are moving towards urban areas is leading to change in their lifestyles and standards of living. This, in turn, is significantly driving the demand for kitchen appliances especially in the developing economies which include India, China, and Indonesia among others. A notable surge in the urban population is driving the market growth for kitchen appliances in the next five years. For instance, according to the World Bank Group, the percentage of the urban population out of the total population in India increased from 30.246% in 2008 to 34.03% by 2018. Similarly, in China the total Urban Population reached 823,827,650 by 2018 from 616,481,190 in 2008.

Booming residential construction will surge the market growth

The booming residential construction around the globe due to Impressive economic growth, rising disposable income, and improvement in the standard of living are driving the demand for these appliances throughout the globe. The construction of new housing units is further leading to an increase in the number of kitchens thereby anticipating the demand for these appliances over the next five years. According to the Ministry of Housing and Government Affairs, the number of construction of new residential houses increased from 1, 25,551 units in 2015-16 to 1, 82,861 units in 2018-19.

Online sales to show notable growth

On the basis of the distribution channel, the global kitchen appliances market has been classified

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Insights on the Kitchen Appliances Global Market to 2025 – Key Drivers and Restraints – ResearchAndMarkets.com – Press Release

DUBLIN–(Business Wire)–The “Kitchen Appliances Market – Forecasts from 2020 to 2025” report has been added to ResearchAndMarkets.com’s offering.

The kitchen appliances market was estimated at US$103.067 billion in the year 2019.

The primary growth factors for the kitchen appliances market to surge throughout the forecast period include rapid urbanization and changing lifestyles of the people due to the rising disposable income which is amplifying the demand for numerous appliances, especially in the developing economies. Kitchen Appliances are those appliances that are designed to make cooking easy and smooth. The major applications of these appliances include cooking, storage, and cleaning among others. Furthermore, the growing innovations by key players in the kitchen appliances market for the development of new and advanced products with an aim to cater to the burgeoning consumer requirements is also one of the major factors that show the potential for the market growth during the next five years.

These appliances further allow smooth functioning in the kitchen activities along with offering numerous benefits to their use. In addition, the rising penetration of energy-efficient appliances coupled with the increasing focus of the market players towards their investments in the development of low energy consuming devices is also anticipated to positively impact the market growth throughout the forecast period and beyond. Also, the changing consumer lifestyle is adding further leading to increased adoption of convenient and hassle-free products as the hectic lifestyle is further promoting the use of various kitchen appliances for time-saving purposes is also projected to support the market growth in the coming years.

Urbanization plays an important role in driving the demand for various products as more and more people are moving towards urban areas is leading to change in their lifestyles and standards of living. This, in turn, is significantly driving the demand for kitchen appliances especially in the developing economies which include India, China, and Indonesia among others. A notable surge in the urban population is driving the market growth for kitchen appliances in the next five years. For instance, according to the World Bank Group, the percentage of the urban population out of the total population in India increased from 30.246% in 2008 to 34.03% by 2018. Similarly, in China the total Urban Population reached 823,827,650 by 2018 from 616,481,190 in 2008.

Booming residential construction will surge the market growth

The booming residential construction around the globe due to Impressive economic growth, rising disposable income, and improvement in the standard of living are driving the demand for these appliances throughout the globe. The construction of new housing units is further leading to an increase in the number of kitchens thereby anticipating the demand for these appliances over the next five years. According to the Ministry of Housing and Government Affairs, the number of construction of new residential houses increased from 1, 25,551 units in 2015-16 to 1, 82,861 units in 2018-19.

Online sales to show notable growth

On the basis of the distribution channel, the global kitchen appliances market has been classified into

Read more

Global Wall Decor Market 2020 Key Segments and Sub-Segments, Key Drivers, Restraints, Opportunities and Challenges by 2025

The MarketWatch News Department was not involved in the creation of this content.

Sep 13, 2020 (CDN Newswire via Comtex) —
The Global Wall Decor Market 2020 by Manufacturers, Type and Application, Forecast to 2025 recently released by MarketsandResearch.biz explores a detailed analysis of the market based on various segmentations. The global Wall Decor market is fragmented in terms of different aspects such as market’s competitive landscape, industry trends, market size and share, key players, regional breakdown, types and applications. The research report offers in-depth knowledge on several fields on the market globally. The report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies to help clients improve their revenue shares in the market.

The provision of information regarding market growth, size and share helps the report grab attention of more readers. It also offers recommendations for decisive business sectors by directing the current developments, competitive landscape, market estimations and common trends.

NOTE: Our report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19.

DOWNLOAD FREE SAMPLE REPORT:https://www.marketsandresearch.biz/sample-request/94203

The Global Wall Decor Market Report Insights:

Further, the report navigates through segmentation of the Wall Decor market according to the market size in terms of volume and value based on application, type and geography. The Wall Decor market segmentation is performed based on the key applications securing the top most place in the list of consumer interests, which involve: Household, Office & Business, Medical & Dental Facilities, Hotels & Spas, Restaurants, CafeS & Bars, Other

These regions are going to experience a good hike in the market share for the forecast period highlighting the major types, like: Wallpaper, Wall Mirrors, Wall Art, Others

Additionally, this market analysis report points at strategies that key players can follow, which include: Bed Bath & Beyond, Costco, Lowes, Home Depot, Art.com, IKEA, Franchise Concepts, Wal-Mart, Target, Ethan Allen, Macys Inc., Sears, Havertys, Wayfair Company, Pier 1 Imports, Kohls, J.C. Penney, Williams-Sonoma, Restoration Hardware, Kirkland

Enabling new strategies for examining latest trends, opportunities, deployment models, obstacles, next plan of action, supply chain, profiles of leading players in the market, the report clearly represents a competitive analysis of major market leaders in the global Wall Decor market. The most important properties and factors of the global market including new aspects, limitations, risks and growth factors affecting the market segments are further explained.

The report particulates the key areas they should focus on, to get the most of future growth opportunities, comprising: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina), Middle East & Africa (Saudi Arabia, UAE, Egypt and South Africa)

ACCESS FULL REPORT:https://www.marketsandresearch.biz/report/94203/global-wall-decor-market-2020-by-manufacturers-type-and-application-forecast-to-2025

Significant Benefits of the Report:

  • Introduces overall market and its subsegments
  • Helps understand a thorough overview of the Wall Decor market
  • Covers market comprehensively across major types and regions
  • Situates the key players
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