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Cooking Appliances Market is Predicted to Grow High CAGR from 2019 to 2026

07-17-2019 06:29 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Analytics
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.

The global cooking appliance market is segmented on the basis of product type, user application, distribution, fuel type, and region. On the basis of product type, the market is categorized into microwaves, ovens, cooktops, range hoods, small appliances, and parts & accessories. On the basis of user application, it is bifurcated into household and commercial usage. On the basis of distribution, the market is classified into offline (electronics and appliance store, consumer electronic store, household appliance store, departmental stores, and others), and online sale. On the basis of fuel type, it is divided as cooking gas and electricity. Geographically, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

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The key players in the cooking appliance market across the globe include 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, and Robert Bosch GmbH.

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
Electronics and Appliance Store
Consumer Electronic Store
Household Appliance Store
Departmental Stores
Others
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 (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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