Built-In Kitchen Appliance Market Growth Driven by Renovation Trends, Expected to Reach $32.7 Billion by 2034
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The built-in kitchen appliance market in the US is expected to grow at a CAGR of 7.4% driven by rising kitchen renovation and modular kitchen trends.
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The global market is anticipated to expand at a CAGR of 7.5% between 2024 and 2034, reaching a value of $32.7 billion by 2034.
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Built-in refrigerators account for the largest share (26.4%) of the built-in kitchen appliance market.
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Residential sector dominates with over 80% share of the built-in kitchen appliance demand.
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Players are focused on introducing appliances with advanced technology like Wi-Fi connectivity and energy efficiency to attract consumers.