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With the improvement in people’s living standards, there is a growing emphasis on life satisfaction. Smart kitchen appliances have become the preferred choice for many—from small items like vegetable shredders to larger ones such as ovens and dishwashers. These products enhance the quality of daily life and are widely welcomed by consumers.
According to data, the kitchen appliance market is expected to maintain its growth trajectory in the coming years. In 2024, the global kitchen appliance market was valued at $158.54 billion, and it is projected to reach $202.62 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.20% during this period.
Driven by accelerated urbanization and consumers’ demand for convenient cooking solutions, the need for kitchen appliances is on the rise in many countries, particularly in populous nations like China and India. Thus, population growth and rapid economic development have become key drivers of the global kitchen appliance market’s expansion.
In summary, driven by consumer demand, the kitchen appliance market will continue to grow at a steady pace. The global kitchen appliance market is expected to double from one hundred billion to two hundred billion yuan, indicating a bright future ahead!
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