The global kitchen appliances market is expected to grow at a CAGR of 4.18% during 2023-2028. As per the analysis by IMARC Group, the top kitchen appliances companies are offering smart appliances that integrate with popular voice assistants, including Google Assistant or Amazon Alexa due to the growing demand for smart kitchen appliances among the masses in order to control appliances using a smartphone or voice commands. This has also encouraged numerous leading players to heavily invest in the development of the Internet of Things (IoT)-based kitchen appliances, which is driving the demand for smart kitchen appliances on the global level. Along with this, several key players are providing appliances that can perform multiple functions, such as the introduction of stoves that can serve as both a stove, oven, blender, and food processor, further impacting the market for top companies. In addition, the rising demand for energy-efficient kitchen appliances due to the growing environmental consciousness among the masses is also positively influencing the market, which is encouraging top companies to develop appliances that use less energy while still providing optimal performance. Apart from this, the rising demand for luxury kitchen appliances that offer premium features, high-end finishes, and are stylish and aesthetically pleasing is favoring the market. Moreover, continual improvements in the e-commerce sector and the advent of home delivery models are creating a positive market outlook. Some of the other factors driving the market include rapid urbanization and inflating disposable income levels of individuals.
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List of Top Companies Operating in the Kitchen Appliances Industry Worldwide:
The global kitchen appliances market has several major players including Whirlpool Corporation, AB Electrolux, Samsung Electronics Co. Ltd., LG Electronics, Winia Daewoo Electronics, Panasonic Corporation, Haier Group Corporation, BSH Hausgeräte GmbH, Miele & Cie. KG, and Sub-Zero Group, Inc. More information about these companies has been provided below.
1. Whirlpool Corporation
Establishment:
1911
Headquarters:
Michigan, United States
Website:
http://www.whirlpoolcorp.com
Whirlpool Corporation is known to be one of the biggest appliance manufacturers in the world. It produces various home appliances, such as cooktops, ovens, microwaves, refrigerators, dryers, dishwashers, and washing machines. It employs a direct-to-consumer business approach that includes a website and a mobile app. Additionally, its goods are distributed through a variety of outlets, including independent retailers, department stores, and online merchants. The company is dedicated to sustainability and has adopted several steps to lessen its environmental impact. It seeks to reduce waste production, consumption of water, and emissions of greenhouse gases. Therefore, it has also implemented a circular economy strategy, which aims to reduce waste by recycling and reusing materials. In addition to its commitment to sustainability, the company has also been recognized for its corporate social responsibility efforts.
2. AB Electrolux
Establishment:
1919
Headquarters:
Stockholm, Sweden
Website:
http://www.electroluxgroup.com
AB Electrolux, commonly known as Electrolux, is a Swedish multinational company that specializes in the production of home appliances and professional appliances. It offers an extensive range of products, including refrigerators, washing machines, dryers, air conditioners, dishwashers, ovens, stoves, vacuum cleaners, and water heaters. It also produces professional appliances in hotels, restaurants, and laundries. A complete line-up of domestic machinery is exhibited by the organization which features a variety of options ranging from refrigeration items, including fridges or freezers to laundry-related commodities, such as washers and dryers. Additionally, it is undertaking various initiatives, such as significant investments in research and development activities (R&D) to ensure that its goods are both technologically and energetically cutting edge. It also focuses on reducing its environmental impact by using sustainable materials in its products, reducing energy consumption in its operations, and implementing recycling programs.
3. Samsung Electronics Co. Ltd.
Establishment:
1969
Headquarters:
Suwon-si, South Korea
Website:
http://www.samsung.com
Samsung Electronics Co. Ltd. is a multinational conglomerate that operates in various industries, including electronics, appliances, construction, and shipbuilding. It has become a global leader in the electronics industry, with a strong focus on producing smartphones, televisions, memory chips, and home appliances. It also produces various other electronic devices, including televisions, home appliances, and wearable technology. It also creates various wearable technology, including smartwatches and fitness trackers. The company has also been expanding its presence in the field of artificial intelligence with virtual assistants and the development of various AI-powered technologies.
4. LG Electronics
Establishment:
1947
Headquarters:
Busan, South Korea
Website:
http://www.lg.com/global
LG Electronics is a South Korean multinational electronics company that has operations across numerous countries around the world. It is known for producing a wide range of consumer electronics products including smartphones, televisions, and home appliances. The company has invested heavily in R&D and has established several research institutes around the world. It has staffed some of the best engineers, designers, and scientists in the industry, and is focused on developing innovative technologies that can be incorporated into LG’s products. It has a diverse range of products, including smartphones, televisions, home appliances, and air conditioners. It also produces a range of home appliances including refrigerators, washing machines, and vacuum cleaners. The company has a strong focus on energy efficiency and has developed several technologies that help to reduce energy consumption and environmental impact. Additionally, it is also committed to corporate social responsibility and has implemented several initiatives aimed at promoting sustainable development.
5. Winia Daewoo Electronics
Establishment:
1974
Headquarters:
Seoul, South Korea
Website:
http://www.winiadaewoo.com/english/
Winia Daewoo Electronics is a South Korean business that specialises in creating appliances and electronic goods for consumers. It offers an extensive selection of items, including microwaves, air conditioners, vacuum cleaners, refrigerators, washing machines, and more. The company is committed to offering outstanding, innovative products that meet the needs of its customers. As a result, it has developed a solid reputation as a brand that one can trust. It has included a number of environmentally friendly programs in its operations, such as cutting back on waste and the emission of greenhouse gases. Additionally, it incorporates energy-saving technologies in its products to assist customers to preserve their electricity costs and minimize their environmental effects. The company has established partnerships with leading retailers and distributors in these countries, allowing it to reach a wider audience and provide its products to more consumers.
6. Panasonic Corporation
Establishment:
1918
Headquarters:
Osaka, Japan
Website:
https://holdings.panasonic/global/
Panasonic Corporation is a Japanese multinational corporation primarily involved in producing electronic and electrical products. One of the world’s biggest electronics producers, it provides various goods such as batteries, semiconductors, cameras, audio equipment, televisions, and more. Its extensive product line encompasses household equipment such as air conditioners, refrigerators, washers, and hoover cleaners. It is a key player in the energy sector as well as consumer electronics. Along with solar panels and energy storage systems for homes and businesses, it also produces lithium-ion batteries for electric vehicles. It has a strong commitment to sustainability and is focused on reducing its environmental impact. The company has set ambitious goals to reduce greenhouse gas emissions and has implemented a range of initiatives to achieve these targets.
7. Haier Group Corporation
Establishment:
1984
Headquarters:
Qingdao, China
Website:
https://www.haier.com/global/
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Haier Group Corporation is a multinational conglomerate is primarily engaged in the manufacturing and distribution of home appliances and consumer electronics. It it is one of the world’s largest home appliance manufacturers, which offers refrigerators, washing machines, air conditioners, televisions, mobile phones, and other household appliances. The company has received numerous awards for its products and services, including the Forbes Global list, which ranks the world’s largest public companies. It has also been recognized for its commitment to sustainability and social responsibility, with initiatives aimed at reducing carbon emissions and improving energy efficiency.
8. BSH Hausgeräte GmbH
Establishment:
1967
Headquarters:
Munich, Germany
Website:
http://www.bsh-group.com
BSH Hausgeräte GmbH is a worldwide firm with a focus on the production and marketing of home appliances.It manufactures a wide variety of products, such as vacuum cleaners and coffee makers as well as refrigerators, freezers, washing machines, dryers, dishwashers, ovens, cooktops, and range hoods. It is dedicated to creating items of high-quality that meet the demands of its clients. In order to be sure that its products are leading-edge and effective, it is investing in research and development. It has a dedication to quality but is also concerned with sustainability. Its ambitious environmental effect mitigation aims include lowering its carbon footprint and utilizing more renewable energy sources. It is a renowned household appliance producer with a focus on sustainability, innovation, and high-quality products.
9. Miele & Cie. KG
Establishment:
1899
Headquarters:
Gütersloh, Germany
Website:
http://www.miele.com
The company is recognized as one of the leading manufacturers of home appliances worldwide, and its products are renowned for their quality, reliability, and innovation. Vacuum cleaners, washing machines, dryers, dishwashers, refrigerators, ovens, and espresso machines are among the majority of the products it offers. Along with professional laundry and dishwashing equipment and equipment for application in the medical and scientific industries, it also manufactures home appliances. Although the company’s medical equipment is utilized in hospitals and research institutes, its commercial equipment is employed in hotels, restaurants, and other professional settings. It has a strong commitment to sustainability, and the company’s products are designed to be energy-efficient and environmentally friendly.
10. Sub-Zero Group, Inc.
Establishment:
1945
Headquarters:
Wisconsin, United States
Website:
http://www.subzero-wolf.com
A privately held American firm called Sub-Zero Group, Inc. produces, distributes, and manufactures high-end kitchen, culinary, and dishwashing appliances. It is renowned for its top-notch goods and creative designs. The company’s refrigeration systems are especially remarkable as they are designed to preserve food and beverages with the least amount of flavor and nutritional loss. Along with refrigerators, it also provides a variety of culinary and dishwashing equipment. Ovens, ranges, and cooktops are some of its cooking appliances that are produced to provide accurate temperature control and effective heating. The company’s dishwashers feature a range of customizable options, such as adjustable racks and wash cycles tailored to specific types of dishes. The company’s commitment to quality, innovation, and sustainability has helped it maintain its position as a top choice among consumers seeking high-end appliances
About Author:
Shree Basu
Senior Content Writer at IMARC Services Private Limited
Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries.
Source: https://gardencourte.com
Categories: Kitchens