Market size and future development trend of China's kitchen utensils industry


China's kitchen utensils industry mainly includes kitchen utensils, kitchen appliances, kitchen furniture, etc., and is an important part of the home furnishing industry. In recent years, with the increase in the income of Chinese residents, changes in household consumption concepts, the development of smart home technology and the upgrading of global kitchen utensil consumption, the Chinese kitchen utensils industry has developed rapidly and the market size has also continued to expand.

According to the 2021-2027 China Kitchenware Industry Market Demand Forecast and Investment Strategy Research Report released by Market Research Online, the market size of China's kitchenware industry reached 284.20 billion yuan in 2017, and rose to 312.44 billion yuan in 2018. It is estimated that by 2023, the market size of China's kitchen appliance industry will reach 407.72 billion yuan, with a growth rate of 7.1%, of which the market size of kitchen appliances will be 250.73 billion yuan, an increase of 9.8% in 2018 compared with 2017; In 2018, the market size of kitchen furniture was 98.24 billion yuan, an increase of 2.9% in 2018 compared with 2017.

From the perspective of the kitchen utensil market, the Chinese kitchen utensil market is dominated by electric kitchen utensils, including electric pans, electric ovens, electric lunch boxes, electric heat preservation bowls, and electric rice cookers. In 2017, the market size of China's electric heating kitchen appliances was 181.96 billion yuan, which rose to 204.09 billion yuan in 2018. It is expected to reach 267.17 billion yuan by 2023, with a growth rate of 6.8%.

From the perspective of the kitchen appliance market, the Chinese kitchen appliance market is dominated by kitchen appliances, including electric ovens, disinfection cabinets, microwave ovens, rice cookers, electric kettles, and water purifiers. In 2017, the scale of China's kitchen appliance market was 41.23 billion yuan, which rose to 53.21 billion yuan in 2018. It is expected to reach 71.52 billion yuan by 2023, with a growth rate of 7.4%.

From the perspective of the kitchen furniture market, the Chinese kitchen furniture market is dominated by cabinets, sinks, range hoods, ovens and stoves, among which the cabinet market is the largest. In 2017, the size of China's kitchen furniture market was 90.71 billion yuan, rising to 105.14 billion yuan in 2018, and is expected to reach 126.19 billion yuan by 2023, with a growth rate of 5.1%.

In general, with the increase of residents' income, changes in household consumption concepts, the development of smart home technology and the upgrading of global kitchen utensil consumption, the market size of China's kitchen utensils industry will continue to maintain a growth momentum, and the future development prospects are broad. At the same time, with the development of smart homes, smart kitchen appliances will also become a new development direction. With the development of smart kitchen appliances, the level of family intelligence will also be improved, and the quality of family life will also be improved.

In addition, the development of the kitchen utensil industry will also be affected by the policy environment. The government can support kitchen utensil companies to carry out technological innovation and product upgrades through the introduction of policies to promote the sustainable development of the kitchen utensil industry.

All in all, the market scale of China's kitchen utensils industry continues to expand, and the future development prospects are broad. The government can support kitchen utensil companies to carry out technological innovation and product upgrades by issuing policies to promote the sustainable development of the kitchen utensil industry. With the development of smart kitchen appliances, the level of family intelligence will also be improved, and the quality of family life will also be improved.

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