Intro
In the past few yearsβ market for TVs built for use in areas such as kitchens has also expanded and developed. These specialized Televisions are now part of necessary equipment of most modern kitchens. In this article, the readers will be informed about the business growth, factors affecting the development along with a growth analysis of the TV market for kitchens for the years 2023-2029.Market Size and Trends
Indeed, from the research that has been conducted, the market of kitchen TVs has been on the rise. Publication titled, Kitchen TV Market Report 2023-2030 covers current and future estimates and forecasts of the market based on organic and inorganic growth factors[2]. This sector has also revealed better tendencies in its growth mainly because of the rising demand for appliances that can perform various functions in the kitchen.
Online Kitchen Design Service
The growth of online kitchen design services plays a crucial role in the development of the kitchen TV market. These services facilitate the integration of TVs into kitchen layouts, enhancing the overall kitchen design experience[2]. This trend is expected to continue contributing to the expansion of the kitchen TV market.
Smart TVs and Online Sales
Smart TVs and the advent of proper online sales platforms are funding the advances in kitchen TVs. Business Today has reported that there has been an increase in smart TV online sales of 25%[3]. Kitchen TVs include smart options in entertainment and information than the conventional Kitchens TVs.
Global Market Projection
A market projection from December 2022 indicates that the global Kitchen TV market size is expected to reach multimillion USD by 2028, with an unexpected CAGR during 2022-2028[4]. This suggests continued growth in the coming years.
Market Forecast
The worldwide television market is projected to grow by -0.24% from 2023 to 2028, resulting in a market volume of US$96.2 billion in 2028[5]. Kitchen TVs contribute to this market, and their steady growth indicates a positive outlook.
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