A home appliance, also known as a domestic appliance, a commercial appliance, or a kitchen appliance, is basically a machine that helps in various household activities like cooking, washing, and food preparation. Different types of cooking appliances are available today that help in performing several tasks more easily and economically. Cooking appliances can be classified into three categories, electrical cooking appliances, fuel cooking appliances, and gas cooking appliances. Among all these appliances, electrical cooking appliances are the best suited for homes and small restaurants because of their speed and ease of use.
Market Dynamics
The increasing population is fueling the growth of the residential sector, which, in turn, is augmenting growth of the household cooking appliances market. According to the United Nation, the world’s population is expected to increase by 2 billion in the next 30 years, from 7.7 billion currently to 9.7 billion in 2050, and could peak at nearly 11 billion.
On the other hand, the high initial cost of household appliances is expected to hamper the growth of the household cooking appliances market.
Key features of the study:
- This report provides an in-depth analysis of the global household cooking appliances market and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global household cooking appliances market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- The key companies covered as a part of this study are AB Electrolux, Daewoo Electronics Corporation, Whirlpool Corporation, Haier Group Company, LG Electronics, Panasonic, Philips Electronics, Videocon Industries Limited, Robert Bosch Gmbh, Fisher & Paykel Appliances Holdings Ltd., Stoves Appliance Company (Glen Dimplex Home Appliances Ltd.), and Miele & Cie. KG
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up-gradation, market expansion, and marketing tactics
- The global household cooking appliances market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market
Detailed Segmentation:
- Global Household Cooking Appliances Market, By Product Type:
- Conventional
- Microwave
- Combination
- Global Household Cooking Appliances Market, By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- AB Electrolux
- Daewoo Electronics Corporation
- Whirlpool Corporation
- Haier Group Company
- LG Electronics
- Panasonic, Philips Electronics
- Videocon Industries Limited
- Robert Bosch Gmbh
- Fisher & Paykel Appliances Holdings Ltd.
- Stoves Appliance Company (Glen Dimplex Home Appliances Ltd.)
- Miele & Cie. KG
