Global major kitchen appliances retail value 2015-2024, by region
The global retail value of major kitchen appliances grew steadily from 2015 to 2019, and is anticipated to grow steadily from 2021 to 2024, mostly driven by growth in the Asian, North American, and European markets. Although there was a drop in retail value of major kitchen appliances in 2020 due to the COVID-19 global pandemic, the retail value is anticipated to reach previous levels in 2021 again. By 2024 the worldwide retail value of the major kitchen appliances market is forecast to grow to over 100 billion U.S. dollars.