World Domestic Kitchen Appliance Market to Grow 3.9% annually from 2014 to 2018, According to a New Study on ASDReports

Friday 3 October 2014, Amsterdam

Global demand for domestic kitchen appliances is forecast to expand 3.9% p.a. between 2014 and 2018. China, Japan, South Korea, Tanzania and the United States are considered the highest potential markets in the coming years.

According to recently published research now available on ASDReports, the expansion of the global domestic kitchen appliance industry is forecast to reach 3.9% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 7.1%. Currently, cooking appliances account for 36.2% of the global demand while the remaining market share is divided between refrigerators (29.7%), juice extractors, food grinders and mixers (9.6%), electric coffee and tea makers (8.7%), dish washing machines (5.4%), freezers (5.2%), ventilating hoods (2.8%) and electric toasters (2.4%).

China, Germany, Japan, South Korea and the United States represent the largest domestic kitchen appliance markets while the strongest annual growth is forecast to occur in Tanzania (21.1%), Bangladesh (12.0%), Bolivia (11.5%), Jordan (9.7%) and Sri Lanka (9.5%).

Domestic kitchen appliance market size compared to market growth in different countries