Small Kitchen Appliances Market – Portable or semi-portable machines used in Kitchens
Small kitchen appliances are portable or semi-portable machines generally used to accomplish several kitchen tasks. Microwaves, ovens, toasters, and coffeemakers, among others, are a few types of small kitchen appliances. Small kitchen appliance manufacturers are expanding their product portfolio, owing to the increase in demand from end-users. Manufacturers are also incorporating connected technologies in their products to save time. Some of the latest technologies being used are Wi-Fi, cameras, touchscreens, and other upgrades.
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Rise in disposable income and convenience in usage of compact kitchen appliances drives the small kitchen appliances market
- Prime reason for the growth of the small kitchen appliances market in increase in disposable income of consumers worldwide. Rise in disposable income drives consumer needs. Innovation in product design has resulted in increased operational efficiency of small kitchen appliances. Thus, the demand for small kitchen appliances is expected to grow during the forecast period.
- Convenience in usage of compact kitchen appliances, owing to ease in handling and maintenance is fueling the growth of the small kitchen appliances market. Rise in the number of millennials using kitchen appliances with compact designs and multiple functionalities is anticipate to drive the small kitchen appliances market.
Key players operating in the small kitchen appliances market:
The small kitchen appliances market is highly fragmented with presence of several key global players. Major players are projected to face tough competition in the coming years. Brands are likely to focus on innovation of new products and research & development activities to strengthen their footprint in the global small kitchen appliances market. Companies are engaging in mergers and acquisitions and joint ventures with local brands to expand their product portfolio. Manufacturers in emerging economies are focusing on reducing their cost of production and increasing profitability for the sustainable growth of their businesses.
- LG Electronics
- Whirlpool Corporation
- Morphy Richards
- Samsung Electronics Co., Ltd.
- Koninklijke Philips N.V.
- Robert Bosch Gmbh
- Electrolux Ab
- Haier lnc.
- TOSHIBA CORPORATION
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Global Small Kitchen Appliances Market – Research Scope
Global Small Kitchen Appliances Market – by Product Type
- Mixers & Blenders
- Coffee & Tea Makers
- Refrigerators
- Grinders & Processors
- Toasters & Juicers
- Other Small Kitchen Appliances (Ovens, Dishwashers, etc.)
Global Small Kitchen Appliances Market – by Distribution Channel
- Online
- Company-owned Portals
- E-Commerce Website
- Offline
- Supermarket & Hypermarkets
- Specialty Stores
- Other Retail-based Stores
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
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The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
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