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Large Cooking Appliance Market 2023- Market Analysis, Trends, Share, Industry Growth And Forecast To 2032
Large Cooking Appliance Market Analysis
Large Cooking Appliance Market Size, Growth Rate, And Forecast
The global large cooking appliance market size is expected to grow from $30.36 billion in 2022 to $32.72 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. 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 large cooking appliance market size is expected to grow to $43.09 billion in 2027 at a CAGR of 7.1%.
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Large Cooking Appliance Market Drivers
The growth in urbanization is expected to propel the growth of the large cooking appliances market going forward. Urbanization refers to the mass movement of populations from rural areas to urban areas. The total number of large cooking appliances rises as a result of urbanization, income growth, and smaller households, hence growing urbanization is boosting the large cooking appliances market.
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Large Cooking Appliance Market Segments
1) By Product: Cooktops, Ovens, Specialized Appliances
2) By Sales Channel: Brick And Mortar, E-Commerce
3) By Application: Household, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the large cooking appliance market.
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Large Cooking Appliance Market Key Players
Major competitors in the large cooking appliance market include Samsung Electronics Co. Ltd., Whirlpool Corporation, Koninklijke Philips N.V., Haier Group Corporation, Robert Bosch GmbH, Morphy Richards, Hitachi Appliances Inc.
The Business Research Company's "Global Large Cooking Appliance Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Large Cooking Appliance Market Include:
1. Executive Summary
2. Large Cooking Appliance Market Characteristics
3. Large Cooking Appliance Market Trends And Strategies
4. Large Cooking Appliance Market - Macro Economic Scenario
5. Large Cooking Appliance Market Size And Growth
......
26. Africa Large Cooking Appliance Market
27. Large Cooking Appliance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Large Cooking Appliance Market
29. Large Cooking Appliance Market Future Outlook and Potential Analysis
30. Appendix
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