Global Kitchenware Equipment Market to Reach USD 234.5 Billion by 2024

The global kitchenware equipments market is expected to increase at a CAGR of 3.6% over the forecast period i.e. 2016-2024.

[UKPRwire, Sat Apr 14 2018] According to Goldstein Research, global kitchenware equipment market is expected to reach USD 234.5 billion by the end of 2024 from USD 176.4 billion in 2016, growing at a CAGR of 3.6%. Technological advancement and digitization of kitchenware equipment to create a connected environment are driving the growth of global kitchenware equipment market. Global kitchenware equipment market segmentation has been done on the basis of product type, end-user, distribution channel and geography. Online platform has gained significant growth in the supply of kitchenware equipment. The demand from growing middle class population has major contribution in spurring kitchenware industry.
Global kitchenware equipment market is majorly driven by North America region which provides ample space for the installation of kitchenware appliances and the developed technology infrastructure in the region contributed to largest market share. North America is closely followed by Asia-Pacific on the back of economic development activities that are impacting the supply of kitchenware equipment.
Market Segmentation
On the basis of our in-depth analysis, Global Kitchenware Equipment Market can be segmented as follows:
• By Product Type
o Cook-wares
o Bake-wares
o Cutlery & Knife Accessories
o Appliances
o Utensils & small Gadgets
• By Distribution Channel
o Online
o Offline
• By End Users
o Residential Kitchen
o Commercial Kitchens
• On the basis of region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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