Market Overview:
The global cooking appliances market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for energy-efficient and advanced cooking appliances, especially in developed countries. Additionally, the growing trend of smart homes is also contributing to the growth of this market. On the basis of type, induction cooktops are expected to lead the global cooking appliances market during the forecast period 2018-2030. This can be attributed to their high efficiency and low power consumption as compared to other types of cooking appliances such as electric pressure cookers and microwave ovens. On account of their rising popularity among consumers, induction cooktops are witnessing a higher adoption rate across households as well as commercial establishments worldwide. Regionally, North America is anticipated to hold a dominant position in terms of revenue contribution throughout the forecast period 2018-2030 followed by Europe.
Product Definition:
Cooking appliances are devices used in the kitchen for cooking food. They can include ovens, microwaves, toasters, and coffee makers. Cooking appliances are important because they make it easier to cook food.
Induction Cooktop:
Induction cooktop is a new-age technology that uses magnetic fields to generate heat. It's different from the conventional electric cooktops and gas ones as it provides even and consistent heat throughout unlike other technologies which can be hot spots. Induction works on the basic principle of thermodynamics; energy is converted into electromagnetic radiation or infrared light, which in turn generates heat.
Electric Pressure Cooker:
Electric pressure cooker is a closed vessel which helps in cooking food by reducing the atmospheric pressure inside it. The outer surface of the cooker gets heated to very high temperature, which vaporizes and extracts the flavors from food ingredients. It does not require any external heat source such as gas or electricity for working. These cookers are mostly made of stainless steel due to its easy cleaning properties and resistance towards acidic foods such as tomatoes.
Application Insights:
The household application segment dominated the global cooking appliances market in 2017. The rising number of nuclear families in developing countries including India and China is expected to increase spending on kitchen appliances that help save time and energy. This trend has been encouraging manufacturers to introduce innovative products for efficient cooking under small kitchen spaces. For instance, TFAIR¢â‚¬â„¢s new product line includes smart electric cookware with built-in sensors that detect temperature and prevent overcooking, which is likely to drive the demand for such products among Indian consumers.
Commercial application accounted for a share of more than 40% in 2017 owing to increasing adoption of commercial foodservice operations across various regions including North America and Europe Pacific Rim Asia Middle East & Africa Latin America.
Regional Analysis:
Asia Pacific dominated the global cooking appliances market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing disposable income, changing lifestyles, and rising demand for convenient food products. China and India are among the largest markets in this region due to growing population and rapid urbanization. Moreover, an increasing number of households due to growing nuclear family structure will also drive regional growth over the coming years.
North America is projected to be one of the fastest-growing regions with a CAGR of XX% from 2018 to 2030 owing herringbone pattern popularity as a design element on cookware produced by Staub cookware manufacturer that was launched in 2016; it has since been adopted by other manufacturers across various product categories including induction cooktops, electric pressure cookers, microwave ovens & others).
Growth Factors:
- Rising disposable income of the population: The growth in disposable income of the population is one of the key drivers for the cooking appliances market. This is because with an increase in disposable income, consumers are able to afford better quality and more expensive cooking appliances.
- Increasing urbanization: The growth in urbanization is another key driver for the cooking appliances market as it leads to an increase in demand from consumers living in cities and towns. This is because with increasing urbanization, there is a rise in nuclear families and a decline in traditional joint families, which leads to an increased demand for cooking appliances such as ovens, microwaves and hobs/stoves.
- Technological advancements: The technological advancements taking place across different industries are also driving the growth of the cooking appliances market as they enable manufacturers to come up with new products that cater to consumer needs better than ever before. For instance, induction cooktops have gained immense popularity over traditional gas cooktops due to their energy efficiency and faster heating times among other benefits.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cooking Appliances Market Research Report
By Type
Induction Cooktop, Electric Pressure Cooker, Microwave Oven, Others
By Application
Household, Commercial
By Companies
Samsung, LG, Whirlpool, Philips, Hitachi, AB Electrolux, Haier (GE Appliances), Robert Bosch, Morphy Richards, Panasonic, Samsung, Midea, Joyoung, Galanz, Daewoo, Kenmore (Sears), FABER, ROBAM, FOTILE, SUPOR (SEB)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Cooking Appliances Market Report Segments:
The global Cooking Appliances market is segmented on the basis of:
Types
Induction Cooktop, Electric Pressure Cooker, Microwave Oven, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Samsung
- LG
- Whirlpool
- Philips
- Hitachi
- AB Electrolux
- Haier (GE Appliances)
- Robert Bosch
- Morphy Richards
- Panasonic
- Samsung
- Midea
- Joyoung
- Galanz
- Daewoo
- Kenmore (Sears)
- FABER
- ROBAM
- FOTILE
- SUPOR (SEB)
Highlights of The Cooking Appliances Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Induction Cooktop
- Electric Pressure Cooker
- Microwave Oven
- Others
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cooking Appliances Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cooking appliances are kitchen tools that help you cook food. They include ovens, microwaves, and stoves.
Some of the major players in the cooking appliances market are Samsung, LG, Whirlpool, Philips, Hitachi, AB Electrolux, Haier (GE Appliances), Robert Bosch, Morphy Richards, Panasonic, Samsung, Midea, Joyoung, Galanz, Daewoo, Kenmore (Sears), FABER, ROBAM, FOTILE, SUPOR (SEB).
The cooking appliances market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cooking Appliances Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cooking Appliances Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cooking Appliances Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cooking Appliances Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cooking Appliances Market Size & Forecast, 2020-2028
4.5.1 Cooking Appliances Market Size and Y-o-Y Growth
4.5.2 Cooking Appliances Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Induction Cooktop
5.2.2 Electric Pressure Cooker
5.2.3 Microwave Oven
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cooking Appliances Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cooking Appliances Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Induction Cooktop
9.6.2 Electric Pressure Cooker
9.6.3 Microwave Oven
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Induction Cooktop
10.6.2 Electric Pressure Cooker
10.6.3 Microwave Oven
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Induction Cooktop
11.6.2 Electric Pressure Cooker
11.6.3 Microwave Oven
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Induction Cooktop
12.6.2 Electric Pressure Cooker
12.6.3 Microwave Oven
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Induction Cooktop
13.6.2 Electric Pressure Cooker
13.6.3 Microwave Oven
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cooking Appliances Market: Competitive Dashboard
14.2 Global Cooking Appliances Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsung
14.3.2 LG
14.3.3 Whirlpool
14.3.4 Philips
14.3.5 Hitachi
14.3.6 AB Electrolux
14.3.7 Haier (GE Appliances)
14.3.8 Robert Bosch
14.3.9 Morphy Richards
14.3.10 Panasonic
14.3.11 Samsung
14.3.12 Midea
14.3.13 Joyoung
14.3.14 Galanz
14.3.15 Daewoo
14.3.16 Kenmore (Sears)
14.3.17 FABER
14.3.18 ROBAM
14.3.19 FOTILE
14.3.20 SUPOR (SEB)
