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Lucintel Analysis Foresees $170 Billion Market for Global Kitchen Appliances Industry in 2018
Irving, Texas (PRWEB) March 16, 2013
The global kitchen appliances industry revenue is forecast to reach an estimated $170.8 billion in 2018 with good growth over the next five years (2013-2018). Favorable demographics, rising consumer incomes, and changing lifestyles are expected to drive the demand over the forecast period.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the trends and forecasts of the industry and presents its findings in “Global Kitchen Appliances Industry 2013-2018: Trend, Profit, and Forecast Analysis.”
The global kitchen appliances industry comprises establishments primarily engaged in manufacturing of cooking appliances, refrigerators, and dishwashers. The industry includes leading global kitchen appliances manufacturers based on their segmental revenues. Industry performance is directly proportional to new housing starts; however, technological advancement and replacement also play vital roles in industry growth.
The industry is capital intensive and fragmented as numerous players compete with one another to uphold their place in the market. The industry is dynamic in nature with rapid technological advancements. The refrigerator segment dominated the market by contributing approximately 44.5% of the total. Factors such as rising income and consumer spending affect industry dynamics significantly. The biggest challenge for the industry is maintaining the balance between price and quality. Recovering from the recessionary economic conditions, the industry is in a growing phase.
Lucintel’s industry research report provides an overview of the global kitchen appliances industry, tracking three market segments of the industry in four geographic regions. Thus, a total of 12 segments of the global kitchen appliances industry are tracked. The report studies manufacturers, providing a five-year annual trend that highlights market size, profit, and cost structure for North America, Europe, Asia Pacific, and Rest of the World regions. The report also provides a forecast, addressing market opportunities in each region.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, strategic growth consulting and cost efficiency. To learn more, visit http://www.lucintel.com.
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