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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Electric Kitchen Appliances Market "
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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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