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Cooking Appliances Market 2017-2023 by Product, Fuel Type & Distribution Channel with Top Key Players - Samsung Electronics, LG Electronics, Whirlpool Corporation, Philips N.V, Hitachi Appliances and Others

02-20-2019 09:05 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Cooking Appliances Market

Cooking Appliances Market

The cooking appliance include products such as microwaves, ovens, cook tops, and range hoods. Modern cooking appliance are used to provide ease to chefs. Also, with rapid depletion of natural resources such as LPG, and other petroleum products, there is an urgent need to use efficient and eco-friendly cooking appliances in kitchen. Key players are developing advance cooking appliances in order to increase their market share, and on the same side helping in environmental preservation as well.

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Rise in population, limited natural resources, and climate change drive the demand for the global cooking appliances. Growth in disposable income, increase in the number of working women professionals, and the influence of western culture on eastern developing countries such as India and Indonesia boost the cooking appliance market. In the developed regions, the demand for cooking appliance is driven by fast paced and busy lifestyle and the requirement of good quality cooking products. The developing regions offer the most in terms of growth potential and adoption of advance cooking appliances. Expansion in untapped market of Asia-Pacific such as India, China, and Indonesia is expected to unfold various opportunities for the growth of the market in the future. One of the major restraint for the global cooking appliance is the reluctance of the people to accept a new product. This problem hinders the growth of the cooking appliance especially in the eastern countries. Moreover, increasing number of working class women has also increased and families are becoming financially more stable. Thus, families now find it reasonable to invest in high-tech cooking appliances which not only saves time but also streamlines complex cooking tasks. This will unfold various opportunities for the growth of the market in the future.

Key Benefits
• The report provides a detailed overview of the global cooking appliance market.
• The report outlines current and future trends to assess the overall market attractiveness.
• Porters Five Forces model illustrates the potency of the buyers & suppliers participating in the market.
• The report provides information regarding key drivers, restraints, and opportunities.

Cooking Appliances Market Key Segmentation

By Product Type
• Microwaves
• Ovens
• Cooktops
• Range Hoods
• Small Appliances
• Parts & Accessories

By User Application
• Household
• Commercial

By Distribution
• Online
• Offline

By Fuel Type
• Cooking gas
• Electricity

By Geography
• North America
• Europe
• Asia-Pacific
• LAMEA

Key Players
• Samsung Electronics Co., Ltd.
• LG Electronics Inc.
• Morphy Richards
• Whirlpool Corporation
• Koninklijke Philips N.V
• Hitachi Appliances, Inc.
• AB Electrolux
• GE Appliances
• Haier Group Corporation
• Robert Bosch GmbH

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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