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With a projected CAGR of 7.6% between 2022 and 2030, the global market for home cooking appliances is expected to be worth more than $448.99 billion by 2030. Numerous growth possibilities exist as a result of shifting dietary norms, a rise in the number of nuclear families, and the rise in the proportion of working women and independent contractors. In addition, the availability of home appliances on e-commerce sites and the continual launch of new and exciting kitchen gadgets are all factors that should contribute to the market expanding.
Every home has a few essential kitchen tools that help make dinnertime a breeze for the whole family. Without these tools, cooking would be extremely difficult. Many home appliances today can be used with either natural gas or electricity. When shopping for new home kitchen equipment, it's important to exercise extreme caution. Never lose sight of the importance of quality, affordability, and energy efficiency. Many improvements have been made to home cooking appliances in response to the rising demand to mechanise the cooking process and lessen the burden on the human workforce. Therefore, producers usually keep the original mechanisms while combining the most up-to-date technology into the modern appliance in order to attract household users to move from conventional to modern cooking appliances. As more people take up cooking as a pastime, more and more of them will need to equip their kitchens with the latest appliances. In recent years, the demand for high-tech kitchen electronic gadgets has risen in response to the rising importance of speed and efficiency in the kitchen. The global market for home cooking equipment is expected to expand over the coming years due to consumers' busy lifestyles, especially those of the urban and working classes.
Influential Elements
The United States, Canada, Japan, and Germany are just few of the many developed countries where smart kitchen appliances are commonplace. Accessing and controlling various smart kitchen appliances via mobile or remote devices using AI and the Internet of Things has become increasingly common in recent years. Several manufacturers have already begun including these innovative features in their smart kitchen gadgets. Over the forecast period, the market is likely to expand due to factors such as the improving standard of life, rising disposable income, and increasing demand for high-end devices. Market expansion is also anticipated as a result of the expanding availability of several types of cooktops, such as electric, gas, induction, coil, and smooth surface. Improved wall ovens and ranges with high-end amenities are also expected to increase demand.
Limiting Circumstances
Market growth is expected to be hampered by the high entry price of traditional kitchen appliances. Due to the substantial upkeep required of modern appliances, cutting-edge kitchen equipment is rarely used. This factor is preventing the market from growing. The rising number of single persons who choose to eat out rather than prepare at home is affecting the demand for food services. Furthermore, the growth of restaurants and other food services around the world is expected to slow the demand for home kitchen appliances.
Market research firms have separated the global market for home cooking equipment into three distinct segments: ovens, cooktops/ranges, and specialty appliances. The market for cooktops and ranges is predicted to grow at a faster rate than any other type of home cooking appliance during the next several years. Home cooking ranges and cooktops have come a long way in recent years, with modern models offering a wide choice of sizes, ease of installation, and convenient design details. Because of this, their popularity among consumers has increased, and new business prospects have been made possible, especially in the European Union and North America. Distinctions are made between cooktops and ranges that run on gas, electricity, or induction. Digital temperature control panels are a time and energy saver when used in conjunction with induction cooktops. Therefore, induction cooktops have grown in popularity in recent years.
The worldwide market for home kitchen appliances can be broken down into two distinct segments: built-in and freestanding. In 2022, freestanding appliances accounted for the largest share of the worldwide household kitchen appliance market, and this trend is expected to persist through 2025. The ease of cleaning and maintaining independent home appliances is expected to fuel the market's rapid expansion over the next years. Freestanding appliances are less expensive and have easier access to replacement parts than their built-in counterparts. Since they can be moved to different locations with ease, freestanding home appliances offer flexible placement options.
The global market for kitchen appliances is segmented into traditional retail stores and online marketplaces. The global market for domestic cooking appliances is predicted to expand at a particularly rapid rate within the E-commerce subsegment throughout the forecast period. Faster transactions, special deals, pricing and item comparison tools, stock availability, simple exchange policies, and adaptable products are all factors in the expansion. As online shopping has grown in popularity, the majority of manufacturers have established online stores. It's widely expected that e-commerce will continue to grow and eventually overtake brick-and-mortar stores in terms of market share.
Report Coverage
Global Household Cooking Appliance research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Household Cooking Appliance report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Household Cooking Appliance competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Household Cooking Appliance market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Household Cooking Appliance market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Household Cooking Appliance market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
AB Electrolux, Whirlpool, SAMSUNG, Koninklijke Philips N.V., Morphy Richards, TTK Prestige Ltd, GE Appliances, Dacor, Inc., TCL., Sichuan Changhong Electric Co., Ltd., LG Electronics., Panasonic Corporation, Hisense International Co., Ltd., GREE ELECTRIC APPLIANCES, INC., Hitachi Appliances, Inc., BSH Home Appliances Corporation, Balaji Home Shop., Lords Home Solutions., LMG Home Appliances, Haier Group, Robert Bosch GmbH, Smeg S.p.A, Thermador, Others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Household Cooking Appliance market based on the below-mentioned segments:
Global Household Cooking Appliance Market, By Product
Ovens
Cooktops & Cooking Ranges
Specialized Appliances
Global Household Cooking Appliance market, By Structure
Built-in
Freestanding
Global Household Cooking Appliance Market, By Distribution Channel
Brick & Mortar
E-commerce
Global Household Cooking Appliance market, Regional Analysis
Every home has a few essential kitchen tools that help make dinnertime a breeze for the whole family. Without these tools, cooking would be extremely difficult. Many home appliances today can be used with either natural gas or electricity. When shopping for new home kitchen equipment, it's important to exercise extreme caution. Never lose sight of the importance of quality, affordability, and energy efficiency. Many improvements have been made to home cooking appliances in response to the rising demand to mechanise the cooking process and lessen the burden on the human workforce. Therefore, producers usually keep the original mechanisms while combining the most up-to-date technology into the modern appliance in order to attract household users to move from conventional to modern cooking appliances. As more people take up cooking as a pastime, more and more of them will need to equip their kitchens with the latest appliances. In recent years, the demand for high-tech kitchen electronic gadgets has risen in response to the rising importance of speed and efficiency in the kitchen. The global market for home cooking equipment is expected to expand over the coming years due to consumers' busy lifestyles, especially those of the urban and working classes.
Influential Elements
The United States, Canada, Japan, and Germany are just few of the many developed countries where smart kitchen appliances are commonplace. Accessing and controlling various smart kitchen appliances via mobile or remote devices using AI and the Internet of Things has become increasingly common in recent years. Several manufacturers have already begun including these innovative features in their smart kitchen gadgets. Over the forecast period, the market is likely to expand due to factors such as the improving standard of life, rising disposable income, and increasing demand for high-end devices. Market expansion is also anticipated as a result of the expanding availability of several types of cooktops, such as electric, gas, induction, coil, and smooth surface. Improved wall ovens and ranges with high-end amenities are also expected to increase demand.
Limiting Circumstances
Market growth is expected to be hampered by the high entry price of traditional kitchen appliances. Due to the substantial upkeep required of modern appliances, cutting-edge kitchen equipment is rarely used. This factor is preventing the market from growing. The rising number of single persons who choose to eat out rather than prepare at home is affecting the demand for food services. Furthermore, the growth of restaurants and other food services around the world is expected to slow the demand for home kitchen appliances.
Market research firms have separated the global market for home cooking equipment into three distinct segments: ovens, cooktops/ranges, and specialty appliances. The market for cooktops and ranges is predicted to grow at a faster rate than any other type of home cooking appliance during the next several years. Home cooking ranges and cooktops have come a long way in recent years, with modern models offering a wide choice of sizes, ease of installation, and convenient design details. Because of this, their popularity among consumers has increased, and new business prospects have been made possible, especially in the European Union and North America. Distinctions are made between cooktops and ranges that run on gas, electricity, or induction. Digital temperature control panels are a time and energy saver when used in conjunction with induction cooktops. Therefore, induction cooktops have grown in popularity in recent years.
The worldwide market for home kitchen appliances can be broken down into two distinct segments: built-in and freestanding. In 2022, freestanding appliances accounted for the largest share of the worldwide household kitchen appliance market, and this trend is expected to persist through 2025. The ease of cleaning and maintaining independent home appliances is expected to fuel the market's rapid expansion over the next years. Freestanding appliances are less expensive and have easier access to replacement parts than their built-in counterparts. Since they can be moved to different locations with ease, freestanding home appliances offer flexible placement options.
The global market for kitchen appliances is segmented into traditional retail stores and online marketplaces. The global market for domestic cooking appliances is predicted to expand at a particularly rapid rate within the E-commerce subsegment throughout the forecast period. Faster transactions, special deals, pricing and item comparison tools, stock availability, simple exchange policies, and adaptable products are all factors in the expansion. As online shopping has grown in popularity, the majority of manufacturers have established online stores. It's widely expected that e-commerce will continue to grow and eventually overtake brick-and-mortar stores in terms of market share.
Report Coverage
Global Household Cooking Appliance research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Household Cooking Appliance report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Household Cooking Appliance competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Household Cooking Appliance market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | AB Electrolux, Whirlpool, SAMSUNG, Koninklijke Philips N.V., Morphy Richards, TTK Prestige Ltd, GE Appliances, Dacor, Inc., TCL., Sichuan Changhong Electric Co., Ltd., LG Electronics., Panasonic Corporation, Hisense International Co., Ltd., GREE ELECTRIC APPLIANCES, INC., Hitachi Appliances, Inc., BSH Home Appliances Corporation, Balaji Home Shop., Lords Home Solutions., LMG Home Appliances, Haier Group, Robert Bosch GmbH, Smeg S.p.A, Thermador, Others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Household Cooking Appliance Market from 2021 to 2030.
- Market Forecast for Household Cooking Appliance Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Household Cooking Appliance competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Household Cooking Appliance
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Household Cooking Appliance market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Household Cooking Appliance market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
AB Electrolux, Whirlpool, SAMSUNG, Koninklijke Philips N.V., Morphy Richards, TTK Prestige Ltd, GE Appliances, Dacor, Inc., TCL., Sichuan Changhong Electric Co., Ltd., LG Electronics., Panasonic Corporation, Hisense International Co., Ltd., GREE ELECTRIC APPLIANCES, INC., Hitachi Appliances, Inc., BSH Home Appliances Corporation, Balaji Home Shop., Lords Home Solutions., LMG Home Appliances, Haier Group, Robert Bosch GmbH, Smeg S.p.A, Thermador, Others.
Primary Target Market
- Market Players of Household Cooking Appliance
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Household Cooking Appliance market based on the below-mentioned segments:
Global Household Cooking Appliance Market, By Product
Ovens
Cooktops & Cooking Ranges
Specialized Appliances
Global Household Cooking Appliance market, By Structure
Built-in
Freestanding
Global Household Cooking Appliance Market, By Distribution Channel
Brick & Mortar
E-commerce
Global Household Cooking Appliance market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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