Press release
Household Cooking Appliance Market 2021 Business Scenario – LG Electronics Inc; Electrolux AB; Panasonic; Haier Group; Whirlpool Corporation
Global Household Cooking Appliance Market Size and Forecast to 2021 – 2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Household Cooking Appliance data that enhances the understanding, scope, and application of this report.The study includes market share analysis and profiles of players such as LG Electronics Inc; Electrolux AB; Panasonic; Haier Group; Whirlpool Corporation; SMEG; Kenmore; Samsung Electronics; Galanz Enterprise Group; Philips; Alto-Shaam Inc; Bosch; The Coleman Company Inc; Spectrum Brands; Amana; Miele; GE; The Middleby Corpora.
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The global household cooking appliance market is expected to grow from $73.54 billion in 2020 to $78.89 billion in 2021 at a compound annual growth rate (CAGR) of 7.3%. The growth 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 market is expected to reach $101.98 billion in 2025 at a CAGR of 7%.
Market Overview:
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.
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.
Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/08103166828/household-cooking-appliance-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-by-product-electric-stoves-microwave-ovens-barbecues-and-grills-others-household-cooking-appliance-2-by-application-household-commercial-3-by-fuel-type-cooking-gas-electricity-covering-lg-electronics-inc-electrolux-ab-panasonic-haier-group-whirlpool-corporation?Mode=A28
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Organic Soft Drinks market.
Region Coverage: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Countries Coverage: USA, France, Germany, UK, China, Australia, India, Indonesia, Japan, South Korea, Russia, Brazil
The study objectives of this report are:
To study and analyze the global Household Cooking Appliance size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2030.
To understand the structure of Household Cooking Appliance by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Household Cooking Appliance manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Household Cooking Appliance with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Household Cooking Appliance submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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