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Household Cooking Appliances Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : LG Electronics Inc., Electrolux AB, Panasonic, Haier Group, Whirlpool Corporation, SMEG
Household Cooking Appliances Market
As per the household cooking appliance market report by The Business Research Company, the growing popularity of energy-efficient cooking appliances is expected to increase the demand for electric stoves. The cooking efficiency of electric stoves is high when compared to gas cooktops as the 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.
The global household cooking appliance market size will grow from $126.97 billion in 2022 to $139.19 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global household cooking appliance market size is expected to grow to $194.49 billion in 2027 at a CAGR of 8.7%.
Read More On The Household Cooking Appliance Market Report Here:
https://www.thebusinessresearchcompany.com/report/household-cooking-appliance-global-market-report
Major players in the household cooking appliance market are LG Electronics Inc., Electrolux AB, Panasonic, Haier Group, Whirlpool Corporation, SMEG, Kenmore, Samsung Electronics, Galanz Enterprise Group, and Philips.
The Household Cooking Appliance market is segmented -
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
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Household cooking appliance refers to electrical and non-electronic equipment which assists in food preparation in a household.
The Table Of Content For The Household Cooking Appliance Market Include:
1. Executive Summary
2. Household Cooking Appliances Market Characteristics
3. Household Cooking Appliances Market Trends And Strategies
4. Household Cooking Appliances Market - Macro Economic Scenario
5. Household Cooking Appliances Market Size And Growth
……
27. Household Cooking Appliance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Household Cooking Appliances Market
29. Household Cooking Appliances Market Future Outlook and Potential Analysis
30. Appendix
The "Global Household Cooking Appliance Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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