Press release
Urbanization Fuel The urge In The Large Cooking Appliance Market Emerge a a Core Driver of the Large Cooking Appliance Market in 2025
Large Cooking Appliance
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What I the Expected CAGR for the Large Cooking Appliance Market Through 2025?_x000D_
The market ize of big cooking appliance ha experienced ignificant growth recently. It i projected to rie from $34.4 billion in 2024 to $36.8 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.0%. The increae during the hitorical period i due to change in conumer lifetyle, deign and aethetic, conumer health concioune, urbanization and pace limitation, a well a product cutomization and peronalization._x000D_
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What' the Projected ize of the Global Large Cooking Appliance Market by 2029?_x000D_
Over the coming year, a ignificant increae i anticipated in the large cooking appliance market ize. It i projected to reach $48.91 billion by 2029, regitering a 7.4% compound annual growth rate (CAGR). everal factor are contributing to thi growth for the predicted period, including global economic ituation, improved afety feature, cutomizable choice, urban living olution, and the impact of culinary trend. Notably, the trend forecat for thi period include the integration of mart kitchen, demand for energy efficiency, health and wellne movement, deign and aethetic preference, and enhanced cooking convenience._x000D_
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http://www.thebuinereearchcompany.com/report/large-cooking-appliance-global-market-report_x000D_
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Top Growth Driver in the Large Cooking Appliance Indutry: What' Accelerating the Market?_x000D_
The progre in urban development i et to accelerate the expanion of the large cooking appliance market. The term urbanization allude to the prominent influx of people moving from country etting to city region. The cumulative quantity of large cooking appliance ecalate due to urbanization, the rie in earning, and reduced family ize. Therefore, the augmentation in urbaniation i fueling the growth of the large cooking appliance ector. For intance, an article publihed by the U.-baed global financial organiation, World Bank in October 2022, tated that in 2022, over 50% of the worldwide population reided in urban locale. It i projected that by 2045, the global urban populace will multiply by 1.5 time, reaching about 6 billion. Hence, the upwing in urbanization i catalyzing the advancement of the large cooking appliance market._x000D_
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What Trend Will hape the Large Cooking Appliance Market Through 2029 and Beyond?_x000D_
Product innovation i becoming a predominant trend in the Large Cooking appliance market. Major player in the market are creating innovative product to olidify their market tanding. For example, in 2022, amung, an electronic manufacturer baed in Korea, introduced the Bepoke AI (artificial intelligence) Oven. Thi product tand out for it mart feature that enhance uer' culinary experience. The oven utilize image-focued food recognition technology, AI Pro Cooking5, 6, to fine-tune oven etting while contantly monitoring the food to prevent overcooking. In addition, the Bepoke AI Oven offer multiple team cooking option to allow for the preparation of nutritiou and appetizing teamed meal._x000D_
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What Are the Main egment in the Large Cooking Appliance Market?_x000D_
The large cooking appliance market covered in thi report i egmented -_x000D_
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1) By Product: Cooktop, Oven, pecialized Appliance_x000D_
2) By ale Channel: Brick And Mortar, E-Commerce_x000D_
3) By Application: Houehold, Commercial_x000D_
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ubegment:_x000D_
1) By Cooktop: Ga Cooktop, Electric Cooktop, Induction Cooktop_x000D_
2) By Oven: Wall Oven, Range Oven, Convection Oven, Microwave Oven_x000D_
3) By pecialized Appliance: low Cooker, team Oven, ou Vide Cooker, Griddle And Grill_x000D_
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Which Top Companie are Driving Growth in the Large Cooking Appliance Market?_x000D_
Major companie operating in the large cooking appliance market are amung Electronic Co. Ltd., Whirlpool Corporation, Haier Group Corporation, Robert Boch GmbH, AB Electrolux, GE Appliance, LG Electronic Inc., BH Haugeräte GmbH, Fiher & Paykel Appliance Co. Ltd., MEG .p.A, Miele & Cie. KG, KitchenAid, Thermador Groupe A, Dacor LLC, Wolf Appliance, La Cornue, Bertazzoni PA, ILVE PA, ub-Zero Inc., Bluetar Ltd., Capital Cooking Equipment, Tecnoga uperiore, American Range, AGA Rangemater Ltd._x000D_
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Which Region Will Dominate the Large Cooking Appliance Market Through 2029?_x000D_
Aia-Pacific wa the larget region in the large cooking appliance market in 2024. The region covered in the large cooking appliance market report are Aia-Pacific, Wetern Europe, Eatern Europe, North America, outh America, Middle Eat, Africa._x000D_
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4. Conultant & Analyt - To upport market entry, expanion trategie, and client adviory work._x000D_
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