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Household Cooking Appliance Market Size, Top Key Players, Growth, Trend Analysis And Forecast To 2033
Household Cooking Appliance Market
As per the report, the household cooking appliance market size has grown strongly in recent years. It will grow from $136.89 billion in 2023 to $147.49 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The household cooking appliance market size is expected to see strong growth in the next few years. It will grow to $193.36 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
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Elevated Demand For Electric Stoves Driven By The Shift To Energy-Efficient Cooking Appliances
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.
Innovative Multi-Functional Ovens Meet Demand For Advanced Cooking Appliances
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 chemically 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 pyrolytic cleaning technology that allows self-cleaning.
The household cooking appliance market covered in this report is segmented -
1) By Product: Electric Stoves, Microwave Ovens, Barbecues And Grills, Others - Household Cooking Appliance
2) By Fuel Type: Cooking Gas, Electricity
3) By Application: Household, Commercial
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Major companies operating in the household cooking appliance market include LG Electronics Inc, Electrolux AB, Panasonic, Haier Group, Whirlpool Corporation, SMEG S.p.A., Kenmore, Samsung Electronics, Galanz Enterprise Group, Koninklijke Philips N.V., Alto-Shaam Inc, Robert Bosch GmbH, The Coleman Company Inc, Spectrum Brands Holdings Inc., Amana, Miele & Cie. KG, General Electric Company (GE), The Middleby Corporation LLC, Char-Broil LLC, Midea Group Co. Ltd., Frigidaire, KitchenAid, Sears Holdings Corporation, Broilmaster, Traeger Inc., Empire Comfort Systems Inc., Blackstone Products Inc., Groupe SEB, TTK Prestige Ltd., BSH Hausgeräte GmbH, Arcelik A.S., Gorenje Group
Contents of the report:
1. Executive Summary
2. Household Cooking Appliance Market Report Structure
3. Household Cooking Appliance Market Trends And Strategies
4. Household Cooking Appliance Market - Macro Economic Scenario
5. Household Cooking Appliance Market Size And Growth
…..
27. Household Cooking Appliance Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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