2023-2029 China's Kitchen Utensil Industry Market Status Survey and Investment Strategy Consultation Report

Market scale and future development trend of China's kitchen appliance industry

China's kitchen appliance industry is a very developed industry, which is the largest market for consumer electronics. In recent years, with the development of China's economy, consumers' demand for kitchen appliances is also growing. According to the analysis of the 2023-2029 China kitchen appliance market consumption survey and business model analysis report released by the market research online website, from the perspective of market size, the size of China's kitchen appliance market has reached 553.2 billion yuan by 2018, with a year-on-year increase of 10.8%. Among them, large kitchen appliances are the main part of China's kitchen appliance market. In 2018, its market size reached 387.6 billion yuan, an increase of 13.3% over 2017, accounting for 70.2% of China's kitchen appliance market. The market size of small kitchen appliances reached 165.6 billion yuan, up 7.2% from 2017, accounting for 29.8%.

The future development trend of China's kitchen appliance industry is exciting. It is estimated that by 2025, the market size of kitchen appliances in China will reach 681.9 billion yuan, up 22.2% year on year. The market scale of large kitchen appliances will reach 460.8 billion yuan, and that of small kitchen appliances will reach 221.1 billion yuan.

In addition to the growth of market scale, the technological innovation and design innovation of China's kitchen appliance industry will also become an important driving force for the development of the industry. With the improvement of people's living standards, consumers demand more and more intelligent and multifunctional kitchen appliances. The kitchen appliance industry will also vigorously develop intelligent and multifunctional products.

In addition, the brand competition in China's kitchen appliance industry will also become increasingly fierce. In recent years, the number of kitchen appliance brands in China is also increasing, and the competition will become more intense. To succeed in the market, kitchen appliance enterprises need to expand the market by improving brand influence and comprehensive marketing strategies.

In general, China's kitchen appliance industry is at a stage of rapid development, and the market scale will continue to grow in the future. Technological innovation and design innovation will also become an important driving force for the development of the industry, and brand competition will become increasingly fierce. For the above data and information, please refer to the market research online website of Boyan Consulting

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