Global Modular Kitchen Market

The household furniture and kitchen cabinet market consists of sales of household furniture and kitchen cabinets by entities (organizations, sole traders and partnerships) that produce household furniture including furniture for kitchens, bedrooms and living rooms. This market includes built-in kitchen cabinets. The main types of household furniture and kitchen cabinet are household furniture and kitchen cabinet. Household furniture refers to all mobile, compactable goods or machinery used to furnish a home, such as chairs, tables, sofas, mattresses, and so on. The different types of materials include metal, wood, others and is distributed through various channels such as online, offline. The global household furniture and kitchen cabinet market size is expected to grow from $327.78 billion in 2021 to $355.72 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%. The household furniture and kitchen cabinet market is expected to grow to $471.51 billion in 2026 at a CAGR of 7.3%. Increasing demand for online shopping is expected to help the household furniture and kitchen cabinets market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the furniture manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of household furniture and kitchen cabinet manufacturers by giving larger exposure to producers who were confined to one geography. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the household furniture and kitchen cabinet manufacturing market in 2021 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of lockdown and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the household furniture and kitchen cabinet manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy RTA furniture is gaining traction among homeowners and renters globally. This is primarily because RTA furniture are cheap and serve the purpose of quick furnishings. The RTA furniture, also known as Knock Down furniture is not assembled by the manufacturer, and is available in parts with instructions to assemble the piece of furniture. Already popular in developed countries, RTA furniture has been gaining traction in developing economies such as China and India. RTA furniture also benefits manufacturers by eliminating the assembly time and cost of manufacturing, which allows manufacturers to focus only on design and production of parts. Some of the examples of RTA furniture include RTA bedroom sets, RTA dressers, RTA computer desks, RTA bookcases and RTA filing cabinets. For instance, IKEA, a major ready to assemble manufacturer, has opened stores in India owing to high demand for ready to assemble furniture Major companies in the household furniture and kitchen cabinet market include Ashley Furniture Industries Inc., Masco Corporation, Man Wah holdings, La-Z-Boy, Hooker Furniture Corp., Leggett & Platt Incorporated, Samson Holding Ltd., Knoll Inc., Ethan Allen Interiors Inc., and Flexsteel Industries Inc. Asia Pacific was the largest region in the household furniture and kitchen cabinet market in 2021. Western Europe was the second largest region in the household furniture and cabinet market. The regions covered in the kitchen cabinet and household furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the household furniture and kitchen cabinet market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global household furniture and kitchen cabinet market is segmented - 1) By Type: Household Furniture, Kitchen Cabinet 2) By Type of Material: Metal, Wood, Others 3) By Distribution Channel: Online, Offline Subsegments Covered: Wooden Household Furniture, Metal Household Furniture, Plastic Household Furniture, Other Household Furniture

The microwave ovens market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out design, manufacturing, and sales of microwave ovens. The market includes sales of electric ovens that cook food by exposing it to electromagnetic radiation in the microwave frequency range. The main product types of microwave ovens are grill, solo and convection. A grill microwave has radiant heating on the top, which is useful for grilling or roasting. The baked item would be a combination of raw and burnt due to the heat of the microwave. Microwave ovens have various applications such as commercial and household. Microwave ovens can be further categorized on the basis of structure into counter top and built in. Microwave ovens can be distributed by specialty stores, supermarkets/hypermarkets, online sales, or other distribution channels. The global microwave ovens market size is expected to grow from $41.50 billion in 2021 to $42.94 billion in 2022 at a compound annual growth rate (CAGR) of 3.5%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The microwave oven market is expected to reach $45.31 billion in 2026 at a CAGR of 1.4%. The increasing demand for frozen and ready-to-eat food owing to busy lifestyles is expected to drive the microwave ovens market growth during the forecast period. Frozen and prepared meals can easily be cooked in microwave ovens and taste similar to that of fresh food. About 79% of urban citizens tend to include ready-to-eat food in their daily meals in 2020. Therefore, the increasing demand for frozen and ready-to-eat food owing to busy lifestyles drives the growth of the microwave ovens market. Increased tariffs on raw materials such as steel and aluminum is a restraint on the market for microwave ovens. Galvanized or stainless steel is predominantly used in the manufacture of microwave ovens. Increasing import tariffs on raw materials such as steel hindered the market for microwave ovens. For instance, on October 31, 2021, the United States and the European Union announced that they had reached agreement on the lifting of US tariffs of 25% on imports of steel from the European Union (EU) and 10% on imports of aluminum from the EU that were imposed under Section 232 of the Trade Expansion Act of 1962. Companies in the household cooking appliance market are increasingly launching technologically-advanced multi-functional ovens to cater to the rising demand for multi-functional appliances with additional benefits. These multi-functional ovens use a wide range of methods to provide customized and easy cooking. These ovens use devices to guide and instruct users in the process of cooking. Apart from these, they also come with catalytic and pyrolytic self-cleaning functions. The catalytic self-cleaning feature allows the use of special chemical installed liners to absorb grease, while the pyrolytic self-cleaning function of these ovens allows them to clean the dirt and grease using high temperatures. For instance, Electrolux’s EOY5851AAX oven uses different programs and functions to make the process of cooking easy and customized. It has the pyrolytic cleaning technology that allows self-cleaning. Major players in the microwave ovens market are Sharp Corporation, LG Electronics Inc, Electrolux AB, Alto-Shaam Inc, Panasonic Corporation, Samsung Electronics, Dongbu Daewoo Electronics, Whirlpool Corporation, SMEG, and Haier Group Corporation. Asia Pacific was the largest region in the microwave ovens market in 2021. Western Europe was the second-largest region in the microwave ovens market. The regions covered in the microwave ovens market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the microwave ovens market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global microwave ovens market is segmented - 1) By Product: Grill, Solo, Convection 2) By Application: Commercial, Household 3) By Structure: Counter Top, Built-In 4) By Distribution Channel: Specialty Stores, Supermarkets/Hypermarkets, Online Channel, Other Distribution Channel

The household appliance market consists of sales of household appliances by entities (organizations, sole traders and partnerships) that produce small electric appliances, electric housewares, and major household appliances. The main types of household appliance are small electrical appliance, household cooking appliance, household refrigerator and home freezer, household laundry equipment and other major household appliance. Household laundry equipment refers to machinery and equipment that includes residential laundry equipment such as washing machines and dryers. The appliances are operated by online and offline mode and are used for cooking, cleaning, and other applications. The global household appliances market size is expected to grow from $502.28 billion in 2021 to $557.70 billion in 2022 at a compound annual growth rate (CAGR) of 11.0%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The household appliance market is expected to reach $818.87 billion in 2026 at a CAGR of 10.1%. The rising trend of outdoor parties and cookouts on weekends and holiday is expected to drive the market for barbeques and grills in the forecast period. Rapidly evolving lifestyle along with the increasing outdoor recreational activities will increase the demand for barbeque machines and grills. The Europe barbeque grill market is expected to grow to $5.98 million by 2026. Increasing access to unique camping sites, and increasing adventure camping, coupled with the rising disposable income will drive the market for barbeques globally, which in turn will boost the market for household appliances in the forecast period. Increasing demand for online on demand laundry services is expected to restrain the market for household washing machines in the forecast period. The on-demand laundry services market is expected to be aided by stable economic growth forecast in many developed and developing countries. The International Monetary Fund (IMF) stated that the global real GDP growth was 3.7% over 2019 and 2020, and 3.6% from 2021 to 2023. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. For instance, China is forecast to register GDP growth of 6.2% in 2019. Stable economic growth, increasing internet penetration, and rising disposable income coupled with hectic lifestyle of individuals will lead to an increase in on demand laundry services, thereby decreasing the market for household washing machines. Household appliance manufacturers are embedding LED lights in their products to minimize power consumption. LED lights require lesser wattage as compared to CFL or incandescent light bulbs. Household appliance manufacturers are more focused on introducing products with LED lighting for minimal power consumption and improved visual appearance. For instance, GE’s LED refrigerator lighting systems minimizes power consumption by 80% compared to halogen lamps. The company has introduced products such as café’s French door refrigerators and profile wall ovens with this lighting. For instance, some of the major companies manufacturing LED lighting include Philip Electronics N.V., Osram Opto, Digital Lumens Inc and Cree Corporation. Major companies in the household appliance market include Samsung Electronics Co. Ltd., Haier Smart Home Co. Ltd., LG Electronics, Qingdao Haier Co. Ltd., Daikin Industries Ltd, Whirlpool Corp, Midea Group co ltd, Robert Bosch GmbH, Apple and Electrolux AB. Asia Pacific was the largest region in the household appliances market in 2021. Western Europe was the second largest region in the household appliances market. The regions covered in the household appliance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the household appliances market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The global household appliances market is segmented - 1) By Type: Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator and Home Freezer, Household Laundry Equipment, Other Major Household Appliances 2) By Application: Cooking, Cleaning, Others 3) By Mode: Online, Offline Subsegments Covered: Household Type Fans, Household Type Vacuum Cleaners, Other Household Type Small Electric Appliances, Electric Stoves, Microwave Ovens, Barbecues and Grills, Other Household Cooking Appliances, Refrigerators, Freezers, Ice Boxes, Refrigerator/Freezer Combinations, Washing Machines, Ironers, Dryers, Other Household Laundry Equipment, Dishwashers, Waste Disposable Units, Water Heaters, All Other Major Household Appliances

The household cooking appliances market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out design, manufacturing, and sales of household cooking appliances. The market also includes sales of household-type electric and nonelectric cooking equipment. These include microwave ovens, electric stoves, barbeques and grills, and others. The main product of household cooking appliance are electric stoves, microwave ovens, barbecues and grills and other household cooking appliance. An electric stove or electric range is a stove with an integrated electrical heating device to cook and bake. Some modern stoves come in a unit with built-in extractor hoods. Electric stove "burners" may be controlled by a rotary switch with a finite number of positions, each of which engages a different combination of resistances and hence a different heating power, or may have an "infinite switch" called a simmer stat. Some may have a thermostat. The various fuel used in household cooking appliances are cooking gas, and electricity. The household cooking appliances are used for household and commercial applications. The global household cooking appliance market size is expected to grow from $110.76 billion in 2021 to $121.17 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The household cooking appliance market is expected to reach $165.77 billion in 2026 at a CAGR of 8.2%. Growing popularity of energy-efficient cooking appliances is expected to increase the demand for electric stoves. Cooking efficiency of electric stoves is high when compared to gas cooktops as majority of the heat energy through gas cooktops is not transferred while cooking. Electric stoves are designed to consume minimum energy and provide easy temperature control. For instance, with the introduction of energy efficient appliances, the US government is spending 56% less on energy requirements thereby reducing emissions. Limited compatibility of electric cooktops with cooking vessels is expected to act as a restraint on the market. Electric cooktops are compatible with cooking vessels made of cast iron and steel and are not compatible with those made of aluminum and copper because of their magnetic and electrical properties. Aluminum and copper require much greater frequencies to produce the heat needed to cook food. Companies in the household cooking appliance market are increasingly launching technologically-advanced multi-functional ovens to cater to the rising demand for multi-functional appliances with additional benefits. These multi-functional ovens use a wide range of methods to provide customized and easy cooking. These ovens use devices to guide and instruct users in the process of cooking. Apart from these, they also come with catalytic and pyrolytic self-cleaning functions. The catalytic self-cleaning feature allows the use of special chemical installed liners to absorb grease, while the pyrolytic self-cleaning function of these ovens allows them to clean the dirt and grease using high temperatures. For instance, Electrolux’s EOY5851AAX oven uses different programs and functions to make the process of cooking easy and customized. It has the pyrolytic cleaning technology that allows self-cleaning. In October 2019, Empire comfort systems, a manufacturer of broilmaster premium grills, acquired primo ceramic grills. Through this acquisition Empire comfort systems will expand its presence in the premium grill market. Primo ceramic Grills Company is a USA based company involved in the manufacturing of oval shaped ceramic grills. Major players in the household cooking appliances market are LG Electronics Inc, Electrolux AB, Panasonic, Haier Group, Whirlpool Corporation, SMEG, Kenmore, Samsung Electronics, Galanz Enterprise Group, and Philips. Asia Pacific was the largest region in the household cooking appliances market in 2021. Western Europe was the second-largest region in the household cooking appliances market. The regions covered in the household cooking appliance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the household cooking appliances market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global household cooking appliance market is segmented - 1) By Product: Electric Stoves, Microwave Ovens, Barbecues and Grills, Others 2) By Application: Household, Commercial 3) By Fuel Type: Cooking Gas, Electricity

The household refrigerator and home freezer market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out design, manufacturing, and sales of household refrigerator and home freezers. The market includes sales of household-type refrigerators, ice boxes and upright and chest freezers. The main types of household refrigerator and home freezer are refrigerators, freezers, ice boxes and refrigerator/freezer combinations. A refrigerator is an electronic household appliance that keeps food and drinks cold by pushing a liquid refrigerant through a sealed system, which causes it to vaporize, and draw heat out of the fridge. The vaporized refrigerant then is passed through coils outside the fridge (at the back or the bottom). This warms up the vapor, and changes it back into a liquid. The various door types of household refrigerator include single door, double door, side by side door and French door. The different freezer location are freezer on top, freezer on bottom and freezer less that are used for frozen vegetable and fruit, frozen meat and other applications. The main types of household refrigerator and home freezer market by distribution channel are specialty stores, supermarkets/hypermarkets, online and others. The global household refrigerator and home freezer market size is expected to grow from $46.89 billion in 2021 to $48.26 billion in 2022 at a compound annual growth rate (CAGR) of 2.9%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The household refrigerator and freezer market is expected to reach $51.71 billion in 2026 at a CAGR of 1.7%. The increasing consumption of processed food products such as frozen meat, vegetables, dairy products as well as change in the dietary habits of consumers is driving the household refrigerator and freezer market growth. Due to busy lifestyles, consumers are increasingly relying on processed food, prepared meals that require refrigerators for storage. According to Rentokil, the processed food industries are valued at $2 trillion globally. The huge market for processed food products is expected to drive the household refrigerators and home freezers market. Intense pricing pressure on manufacturers is restraining the growth of the household refrigerator and freezer market. The market has numerous players competing in terms of price, specifications, and other characteristics. Durable goods such as TV, freezers are more price elastic than necessities. People are more likely to purchase when there is reduction in the price of the goods and less likely to purchase when there is a price hike. Household refrigerators and home freezer manufacturers are implementing technologies such as IoT and embedded sensors in their products to improve overall functionality. Manufacturers are introducing advanced human machine interface designs in refrigerators and also manufacturing refrigerators that can automatically recognize the type and weight of the food stored in the refrigerators, adjust and monitor the temperature as per requirement. In March 2019, The Legacy Companies, a Florida based food and beverages company acquired Avanti Products Inc for an undisclosed amount. Through this acquisition the Legacy Companies plans to produce some of Avanti’s product solutions in its wholly owned manufacturing plants thereby securing a source of competitive advantage. Avanti Products Inc, a Florida based company that develops, manufacturers and markets compact appliances including refrigerators, freezers, ranges, microwave ovens, wine refrigerators, ice makers, water dispensers, laundry appliances and other compact appliances. Major players in the household refrigerator and home freezer market are Aggreko, Atlas Copco, Caterpillar Inc., FG Wilson, Kirloskar Electric Co. Ltd., Cummins Inc., Rolls-Royce, Wärtsilä, Yanmar Co. Ltd., and Briggs & Stratton Asia Pacific was the largest region in the household refrigerator and home freezer market in 2021. Western Europe was the second-largest region in the household refrigerator and home freezer market. The regions covered in the home freezer and refrigerator market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the household refrigerator and home freezer market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global household refrigerator and home freezer market is segmented - 1) By Type: Refrigerators, Freezers, Ice Boxes, Refrigerator/Freezer Combinations 2) By Refrigerator Door Type: Single Door, Double Door, Side-by-Side Door, French Door 3) By Freezer Location: Freezer on Top, Freezer on Bottom, Freezerless 4) By Application: Frozen Vegetable and Fruit, Frozen Meat, Others 5) By Distribution Channel: Specialty Stores, Supermarkets/Hypermarkets, Online, Others

The modular and prefabricated non-residential building construction market consists of sales of modular and prefabricated buildings and related services for non-residential use. The main types of modular and prefabricated non-residential building construction are standard metal, agricultural metal, modular nonmetal, and panelized precast nonmetal. A standard metal is a solid material that is usually hard, opaque, and lustrous, with strong electrical and thermal conductivity. The applications of modular and prefabricated non-residential building construction includes institutional, industrial, commercial, and agricultural and the end-users are private and public companies. The global modular and prefabricated non-residential building construction market size is expected to grow from $62.57 billion in 2021 to $67.04 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth in the modular and prefabricated non-residential building construction market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The modular and prefabricated non-residential building construction market is expected to reach $88.20 billion in 2026 at a CAGR of 7.1%. The global modular and prefabricated nonresidential building construction market is expected to grow in the forecast period due to an increase in urbanization and industrialization. According to the world economic forum, in 2020, 56.2 percent of the world population was urban. Urban populations made up the highest share in Northern American countries-83.6 percent of residents lived in cities in 2020. As per World Urbanization Prospects by the United Nations, the largest urban growth will take place in India, China, and Nigeria. The rapid growth and development of urban housing demand more precise planning timelines and reduced prices. Due to this, construction firms are adopting cost-effective, proven technologies of precast to ensure the highest standards and uniform quality, which can be met by prefabricated technology. The construction industry is considered to be slow and conservative in adopting innovative and new technologies. The construction sector comprises numerous small suppliers and the R&D budget is also limited in comparison to other sectors. In developing or underdeveloped countries of the Asia Pacific region as well as in Africa and South America, people are less aware of this construction method, the advantages it offers and the recyclability of modular buildings. Therefore, it is important to educate consumers regarding the positive effects of modular construction on the environment and the way it can contribute to a healthy lifestyle. Cross-laminated timber (CLT) is one of the promising technologies in the timber construction segment of the wood industry. The demand for CLT is increasing in non-residential building construction such as schools, restaurants, stores, and warehouses which is used as an alternative to steel and concrete because wood is evolving as a low-cost alternative. In the construction industry, 3D printing can be used to create construction components or to print entire buildings. 3D printing construction is majorly used for building complex components for private, commercial and industrial construction. It provides advantages such as low labor costs, faster construction, and higher accuracy. The DFAB House is the world’s first inhabited house which was both digitally planned and built. Launched in February 2019, this project was done by professors at ETH Zurich in cooperation with industrial partners, carried out with the help of robots and 3D printers. In April 2019, Oldcastle Architectural Products (APG), North America's leading manufacturer and supplier of concrete masonry, dry mix and hardscape products acquired Allied Concrete Products. This acquisition enhanced hardscape and masonry offerings and service for customers from DC to the Carolinas. Allied Concrete Products is a family-owned manufacturer of high-quality masonry units and a supplier of masonry supplies throughout Central Virginia and Tidewater. Major players in the modular and prefabricated non-residential building construction market are Algeco Scotsman, Butler Manufacturing Company, Inc., Champion Home Builders, Inc., Red Sea Housing, Lindal Cedar Homes, Kirby Building Systems, Alan Pre-Fab Building Corp., ALHO Systembau GmbH, Allied Modular Building Systems Inc., American Buildings Company. Asia Pacific is the largest region in the modular and prefabricated nonresidential building construction market in 2021. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the modular and prefabricated non-residential building construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the modular and prefabricated non-residential building construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global modular and prefabricated nonresidential building construction market is segmented - 1) By Type: Standard Metal, Agricultural Metal, Modular Nonmetal, Panelized Precast Nonmetal 2) By Application: Institutional, Industrial, Commercial, Agricultural 3) By End User: Private, Public

The business-to-business electronic market consists of sales of services of business-to-business electronic markets by entities (organizations, sole traders, and partnerships) that provide services in bringing together buyers and sellers of goods using the Internet or other electronic means and generally receiving a commission or fee for the service. Business-to-business electronic markets for durable and nondurable goods are included in this industry. The main deployment types of business-to-business electronics are supplier-oriented, buyer-oriented, and intermediary-oriented. A supplier-oriented electronic is one in which a group of suppliers creates an online marketplace to create an efficient channel for selling to a large number of enterprises. The application areas of business-to-business electronics are home and kitchen, consumer electronics, healthcare, clothing, beauty, and personal care, sports apparel, automotive, and other applications that are used in Network as a Service (NAAS), Data as a Service (DAAS), Storage as a Service (STAAS) and Back-end as a Service (BAAS). The global business to business electronic market size is expected to grow from $30.26 billion in 2021 to $32.09 billion in 2022 at a compound annual growth rate (CAGR) of 6%. The global B2B electronic market size is expected to grow to $38.73 billion in 2026 at a CAGR of 4.8%. The surge in the inclination of companies towards electronic or e-commerce platforms to mark their online presence is expected to contribute to the growth of business-to-business electronics. Business-to-business electronic markets help companies to reach a large consumer base, reduce cost, and improve efficiency by automating manual processes. B2B electronic markets increase opportunities for manufacturers to collaborate with suppliers and distributors. For instance, in October 2020, The Dentists Supply Co. and Henry Schein Inc., a USA-based dental products distributor together relaunched TDSC.com as a healthcare supply source for members of all 50 state dental associations. Increasing cyberattacks on business-to-business e-commerce websites are expected to hinder the business-to-business electronic market’s growth in the coming years. Cyber-attacks harm the company's reputation along with financial loss. In November 2019, the B2B e-commerce giant Alibaba had 2.2 billion cyberattacks in a single day. The cyberattack decreases the trust of customers and sellers and those who opt-out for their services and the business are also bound to pay a ransom in the form of money, e-currency, and data. This setback act as a major restraint on the growth of the market. Manufacturers are establishing their B2B marketplaces for selling their products online and fulfilling the customer requirements for niche products, which is likely to be a key trend in business-to-business electronics. For instance, in February 2020, Reliance steel has launched a B2B marketplace fast metals for the supply of metal products. In January 2019, Honeywell, a manufacturer of parts for airplanes and helicopters had launched a B2B marketplace for selling aerospace parts. In May 2019, Shopify Inc., a Canada-based e-commerce company has acquired Handshake for $100 million. Through this acquisition, Shopify Inc. expands its B2B e-commerce platforms. Moreover, Handshake added new products and services to Shopify Inc.’s existing portfolio. Handshake is a USA-based B2B e-commerce company that provides a platform for the manufacturers and distributors close to its customers. Major players in the business-to-business electronic market are Amazon, Alibaba, Rakuten, Flipkart.com, IndiaMART, InterMESH Ltd., and eBay Inc. Asia Pacific was the largest region in the electronic business-to-business market in 2021. North America was the second-largest region in the global electronic B2B market. The regions covered in the global business to business electronic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the business-to-business electronic market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global business-to-business electronic market is segmented - 1) By Deployment Type: Supplier-Oriented, Buyer-Oriented, Intermediary-Oriented 2) By Application: Home and Kitchen, Consumer Electronics, Healthcare, Clothing, Beauty and Personal Care, Sports Apparels, Automotive, Others 3) By End-User: Network as a Service (NAAS), Data as a Service (DAAS), Storage as a Service (STAAS), Back-End as a Service (BAAS)

The cutlery and hand tool market consists of sales of cutlery and hand tools by entities (organizations, sole traders and partnerships) primarily engaged in one or more of the following: manufacturing metal kitchen cookware (except those produced by casting (e.g., cast iron skillets) or stamped without further fabrication), utensils, and/or nonprecious and precious plated metal cutlery and flatware, manufacturing saw blades, all types (including those for power sawing machines), and manufacturing nonpowered hand and edge tools.