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The global kitchen appliances market size is expected to gain momentum by reaching USD 210.80 billion while exhibiting a CAGR of 3.7% between 2020 and 2027. This is attributable to the increasing adoption of smart and energy-efficient kitchen appliances across the globe. Fortune Business Insights, in its latest report, titled, “Kitchen Appliances Market Size, Share & COVID-19 Impact Analysis, By Product Type (Refrigerator, Cooking Appliances, Dishwashers, and others), Application (Residential and Commercial), Distribution Channel (Online and Offline), and Region Forecast, 2020-2027.”, mentions that the market stood at USD 159.29 billion in 2019 and is likely to showcase considerable growth during the forecast period.

Reduced Consumer Spending amid COVID-19 to Lead to Sluggish Growth

The novel coronavirus has led to the unprecedented economic loss suffered by several industries globally. In addition to this, several people have lost their jobs owing to suspended or completely stopped businesses. This has led to a significant reduction in consumer spending ahead of the uncertain times leading to the market going through a sluggish growth in the near future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.
Please visit: https://www.fortunebusinessinsights.com/kitchen-appliances-market-104504

Kitchen appliances are equipment extensively adopted in households for daily cooking needs. These appliances aid in effectively reducing time and efforts that are required during cooking activities. Owing to their compactness and functionality, these appliances are in great demand across the globe.
What does the Report Include?
The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as SWOT and PESTEL analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.
DRIVING FACTORS

Increasing Demand for Smart Kitchen Appliances to Augment Growth

The availability of high disposable income and the hectic lifestyle of working professionals is driving the sales of smart kitchen products that aid in effective reduction of time and efforts. In addition to this, the surging electricity bills and the growing demand for sustainable consumer products are propelling the manufacturers to develop energy-efficient kitchen appliances globally. These factors are likely to favor the global kitchen appliances market growth in the forthcoming years.

SEGMENTATION:

Refrigerator Segment Held 37.56% Market Share in 2019

The refrigerator segment, based on product type, held a market share of about 37.56% in 2019 and is projected to showcase exponential growth owing to the increasing demand for innovative refrigerators that aid in increasing the shelf life of food products.

REGIONAL INSIGHTS

Asia-Pacific to Remain at Forefront; Presence of Large Number of Middle-Class Families to Augment Growth

Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the global kitchen appliances market in the forthcoming years. This dominance is attributable to the large presence of middle-class families that propel the sales of kitchen appliances for household purposes in the region.

The market in Europe is anticipated to experience significant growth in the forthcoming years. This is ascribable to factors such as the growing demand for innovative dishwashers in countries such as the U.K., France, and Italy in the region between 2020 and 2027.

COMPETITIVE LANDSCAPE

Major Companies Focus on Acquiring Other Enterprises to Brighten Their Market Prospects

The global kitchen appliances market is fragmented by the presence of major companies that are focusing on acquiring other companies to expand their kitchen appliances product and further boost their sales revenue. Furthermore, the adoption of strategies such as the introduction of new products, partnership, and collaboration by other key players to gain a major chunk of the share is expected to bode well for the market growth in the forthcoming years.

Industry Development:

• March 2020 – iFresh, Inc., a leading supermarket chain, announced the acquisition of Xiamen DL Medical Technology Co. that is likely to aid in the expansion of their supermarket chain across the Asian countries.

List of the Companies Profiled in the Global Market:
• Electrolux AB (Stockholm, Sweden)
• The Samsung Group (Seoul, South Korea)
• LG Electronics Inc. (Seoul, South Korea)
• BSH Hausgeräte GmbH (Munich, Germany)
• The Whirlpool Corporation (Michigan, United States)
• Robert Bosch GmbH (Gerlingen, Germany)
• Koninklijke Philips N.V. (Amsterdam, Netherland)
• Miele (Gutersloh, Germany)
• General Electric Company (Massachusetts, United States)
• Haier Group Corporation (Qingdao, China)
• Beko (Istanbul, Turkey)

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Ceramic Tiles Market Growth Factor, Top Companies, Demand, Industry Report and Forecast to 2027

The global ceramic tiles market size is expected to reach USD 82.83 billion by 2026 while exhibiting a CAGR of 4.7% between 2010 and 2026. Fortune Business Insights in its latest report, titled “Ceramic Tiles Market Size, Share and Industry Analysis, By Application Area (Floor, Walls, Others), By End-Use (Residential, Non-Residential), and Regional Forecast, 2019-2026.”, observes that growing construction activities and increasing adoption of digitalization in the product across the globe will be the driving factors for the market growth during the forecast period. The report further mentions that the market was worth USD 57.26 billion in 2018.
COVID -19 Impact
The widespread effect of the global pandemic, COVID-19, has been felt across several economies that are facing unprecedented loss. Owing to the lockdown announced by the government agencies to curb the spread of the novel coronavirus, several industries have been on a standstill with zero operational activities. However, a collective effort from the government as well as the industries is anticipated to bring the economy back on track and aid in resuming industrial activities.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Ceramic tiles are materials that are adopted widely in construction industries. They are known for their efficient properties such as moisture resistant, low maintenance, and durability. There are several types of tiles such as glazed, porcelain, and unglazed that are used in applications such as decorating wall coverings, kitchens, bathrooms, and countertops, among others. Owing to their glazy protective layer on the surface, they are impervious to stain and water damages and are widely used for decorating the floor of the bathrooms across the globe.
What does the Report Include?
The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will affect market growth. The report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market between 2019 and 2026. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
DRIVING FACTORS
Increasing Adoption of Digitalization Services to Favor Growth
The introduction of technology is proving to be a game-changing prospect in the construction industry that is anticipated to benefit the ceramic tile-makers at large. For instance, the advancement in digital printing is propelling the manufacturers to introduce new designs and formats that cater to the consumer preference for styling, performance, and sustainability. The digital decorating techniques allow the manufacturers to showcase high-quality ceramic floor tiles that completely resemble natural materials such as marble and wood planks. Therefore, increasing adoption of digitalization is expected to favor the global ceramic tiles market growth during the forecast period.
REGIONAL INSIGHTS
Augmented Growth in Construction Industry across Asia Pacific to Propel the Market
Among all regions, the market in Asia-Pacific is expected to witness significant growth and register high global ceramic tiles market revenue in the forthcoming years. This is attributable to factors such as large production of ceramic tiles owing to the growing construction industry in the region. Europe, on the other hand, is likely to witness steady growth owing to increasing investments in the renovation activities of home spaces in countries such as the UK, Germany, and Italy.
The market in North America was worth USD 4 billion in 2018 and is expected to witness considerable growth during the projected horizon. This is ascribable to factors such as the growing demand for energy-efficient commercial as well as governmental offices in the region.
COMPETITIVE LANDSCAPE
Kajaria Ceramics Launching New Showroom to Propel Demand
In February 2020, Kajaria Ceramics Limited, a leading tile manufacturer, announced its launch of a new tile showroom in Hyderabad, India. The company is aggressively consolidating its position by expanding its facilities and trying to strengthen its distribution channel in the promising Indian marketplace. Adoption of strategies such as product expansion offerings, collaboration, merger and acquisition, and partnership by the companies is anticipated to boost the global ceramic tiles market share during the forecast period.
Browse Summary of this Research:
https://www.fortunebusinessinsights.com/ceramic-tiles-market-102377
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https://dofucatca.livejournal.com/1617.html