Built-In Large Cooking Appliances Market are Projected to Increase at a 5.9% CAGR by 2032 | FMI

The global built-in large cooking appliances market is poised to reach a valuation of US$ 11.6 Bn 2022. Sales are projected to increase at a 5.9% CAGR, with the market size reaching US$ 20.6 Bn by 2032.

Smart home technology is encouraging consumers to adopt modern appliances. Connectivity and voice assistants have allowed for the development and popularity of cookware with touchscreens, cameras, and Wi-Fi connections. Remote operation and monitoring can be done through smartphones for various smart home devices.

Consumers are becoming more conscious regarding rising levels of energy consumed by kitchen appliances every day. This is compelling individuals to opt for Energy-Star rated appliances. Kitchen gadgets that are designed to conserve energy while making cooking more efficient are gaining popularity.

Technological advancements, such as the introduction of smart kitchen equipment that can be controlled remotely, are expected to drive the market. As people become increasingly health-conscious, the demand for such equipment for sanitary, oil-free, and healthy cooking experience will increase.

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Key Takeaways:
• Based on product type, demand for built-in cooktops is expected to gain momentum in the forthcoming years.
• In terms of end use, sales in the commercial segment will remain high through 2032.
• By sales channel, the online segment will account for a dominant share in the market over the forecast period.
• The U.S. will continue dominating the North America built-in large cooking appliances market owing to high adoption of smart kitchen equipment.
• China is expected to emerge as a lucrative pocket in the East Asia market due to surging demand for compact kitchen products.
• India will account for a dominant share in the South Asia built-in large

cooking appliances market owing to growing demand for energy-efficient kitchen equipment.

Competitive Landscape

Leading players operating in the market are investing in research and development to launch energy-efficient kitchen appliances to improve sales.
Key players in the built-in large cooking appliances market are Samsung Electronics Co. Ltd., Morphy Richards, LG Electronics Inc., Whirlpool Corporation, Hitachi Appliances Inc., Koninklijke Philips N.V., AB Electrolux, Haier Group Corporation, GE Appliances, and Robert Bosch GmbH.

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Built-In Large Cooking Appliances Market By Category

Product Type:

• Built-in Cooktops
• Built-in Ovens
• Others

By Application:

• Commercial
• Residential

By Sales Channel:

• Wholesalers/Distributors
• Multi-Brand Stores
• Specialty Stores
• Hypermarket/Supermarkets
• Online Retailers
• Other Sales Channel

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa (MEA)

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.