Australia Electric Kitchen Appliances Market to Grow at Formidable Rate Until 2024

Increasing disposable incomes and growing trend of modular kitchen to drive Australia electric kitchen appliances market through 2024

According to TechSci Research report, “Australia Electric Kitchen Appliances Market By Category, By Application, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024”, Australia electric kitchen appliances market is expected to witness significant growth during the forecast period on account of introduction of innovative products, increasing number of middle class families and easy product availability. In addition, expanding distribution and supply chain of manufacturers and suppliers are expected to boost demand for electric kitchen appliances in Australia over the coming years. Moreover, growing popularity of modular homes and increasing disposable income is further anticipated to positively influence Australia electric kitchen appliances market. Furthermore, new Government regulations on curbing energy consumption and consumer awareness campaign would further push demand for energy efficient technology products across the region.

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Australia electric kitchen appliances market can be segmented based on category, applications, distribution channel and region. In terms of application, the market can be segmented into household and commercial. Among them, household electric kitchen appliances segment is forecast to grow at an impressive rate until 2024 on the back of changing consumer lifestyle and emergence of appliances with advanced technology, which saves time as well as makes cooking tasks easier. Revenue from the online electric kitchen appliances sales have expanded considerably over the past five years and is anticipated to grow at a brisk rate through the forecast period owing to rapid e-commerce penetration. Customers tend to get attracted towards online purchasing due to availability of products at higher discounts.

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Haier Australia Pty Ltd., Glen Dimplex Australia Pty Ltd, Aus Decor Pty Ltd., Electrolux Pty. Ltd., Philips Electronics Australia Ltd., Panasonic Australia Pty Ltd, Samsung Electronics Australia Pty Ltd., Robert Bosch Australia Pty. Ltd., LG Electronics Australia Pty. Ltd. and Whirlpool (Australia) Pty. Limited are the leading players operating in Australia electric kitchen appliances market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share and expand the market.

“Electric kitchen appliances market is one of the most dynamic market worldwide and is anticipated to grow at a formidable rate during the forecast period on account of increasing investment in distribution channels, growing number of working women and less time available for household chores. Moreover, rapid proliferation of e-commerce sales channel coupled with declining prices of most electric kitchen appliances are positively influencing Australia electric kitchen appliances market through 2024.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Australia Electric Kitchen Appliances Market By Category, By Application, By Distribution Channel, By Region, By Company, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Australia Electric Kitchen Appliances Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Australia electric kitchen appliances market.

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