Market Size of Canada Kitchen Appliances Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 2.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Canada Kitchen Appliances Market Analysis
The Canadian kitchen appliances market is growing due to the housing market growth trend in the country, as newer housing units support the need for the new kitchen and laundry appliances. Finding a place on the property ladder is becoming a distant dream for many consumers in the country, and rising house prices and mortgage rates are presenting barriers to the growth of these appliances. Consumers are also observing a very significant unit price rises on major appliances, due to the tariffs imposed by the Canadian government on imported goods from the United States. Retailers are reporting only single-digit price increases, as price-conscious Canadians are postponing kitchen renovations.
Canada Kitchen Appliances Industry Segmentation
A complete background analysis of the Canadian kitchen appliances market, which includes an assessment of the national accounts, economy, and emerging market trends by segments, significant changes in the market dynamics, and market overview in the report.
By Product type | |
Food Preparation Appliances | |
Small Cooking Appliances | |
Large Kitchen Appliances | |
Other Kitchen Appliances |
By Distribution Channel | |
Specialist Retailers | |
E-commerce Stores | |
Supermarkets/Hypermarkets | |
Department Stores | |
Other Distribution Channels |
Canada Kitchen Appliances Market Size Summary
The Canadian kitchen appliances industry is experiencing growth driven by the expansion of the housing market, which necessitates the installation of new kitchen and laundry appliances. However, challenges such as rising house prices and mortgage rates are hindering broader market expansion. The imposition of tariffs on imported goods from the United States has led to significant price increases for major appliances, prompting consumers to delay kitchen renovations. Despite these challenges, the trend towards modular kitchens is gaining traction, fueled by increasing disposable incomes and urbanization. This shift is encouraging the adoption of multifunctional and connected appliances, as consumers seek to integrate technology, nutrition, and sustainability into their cooking spaces.
E-commerce has emerged as the fastest-growing sales channel in Canada, with a significant portion of the population relying on online platforms for purchases. This shift has prompted Canadian retail firms to adopt advanced wireless and internet-based systems to enhance business interactions. The market is characterized by fragmentation, with numerous international companies maintaining a strong presence. Notable players such as Whirlpool Corporation and Electrolux AB are investing in smart appliances and expanding their operations in Canada. Additionally, GE is aiming to strengthen its position in the appliances sector, reflecting the competitive dynamics and growth potential within the industry.
Canada Kitchen Appliances Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Current Market Scenario
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1.2 Market Dynamics
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1.2.1 Drivers
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1.2.2 Restraints
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1.2.3 Opportunities
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.4 Value Chain/Supply Chain Analysis
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1.5 Industry Policies and Regulations
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1.6 Insights on the Differences in the Consumption Patterns of Electrical vs. Traditional Kitchen Appliances
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1.7 Technological Integration in the Usage of Kitchen Appliances
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1.8 Advertising Strategies Implemented by the Market Players
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1.9 Insights on the Innovative Strategies in the Distribution of Kitchen Appliances
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2. MARKET SEGMENTATION
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2.1 By Product type
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2.1.1 Food Preparation Appliances
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2.1.2 Small Cooking Appliances
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2.1.3 Large Kitchen Appliances
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2.1.4 Other Kitchen Appliances
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2.2 By Distribution Channel
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2.2.1 Specialist Retailers
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2.2.2 E-commerce Stores
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2.2.3 Supermarkets/Hypermarkets
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2.2.4 Department Stores
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2.2.5 Other Distribution Channels
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Canada Kitchen Appliances Market Size FAQs
What is the current Canada Kitchen Appliances Market size?
The Canada Kitchen Appliances Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in Canada Kitchen Appliances Market?
LG Electronics Inc., Panasonic Corporation, Electrolux AB and Samsung Electronics Co. Ltd are the major companies operating in the Canada Kitchen Appliances Market.