Market Overview:
The global household 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 from households across the globe. Additionally, the growing trend of modular kitchens is also propelling the demand for household cooking appliances, as these appliances are an integral part of modular kitchens. On the basis of type, cooktops & cooking ranges and ovens are expected to account for a major share in the global household cooking appliances market during 2018-2030. On account of their high efficiency and low power consumption, cooktops & cooking ranges are witnessing high demand from households across regions such as North America and Europe. Ovens are also witnessing significant adoption due to their ability to bake multiple dishes simultaneously and save time while preparing food items.
Product Definition:
Household cooking appliances are devices used for cooking food in the home. Some of the most common household cooking appliances are ovens, microwaves, toasters, and stoves. Household cooking appliances can be very important for a number of reasons. For one, they can make it easier and more convenient to cook food at home. Additionally, many household cooking appliances come with features that allow users to cook food in a variety of ways. This can be helpful for people who enjoy experimenting with different types of cuisine.
Cooktops & Cooking Ranges:
Cooktops and cooking ranges are the two segments that make up for cooking appliances in household kitchen equipment. The cooktops segment includes all the electric cook tops, gas stoves, induction and convection ovens while the cooking range segment comprises of all other conventional ovens including microwave, combination/conventional ovens to grillers.
Ovens:
An oven is a heating appliance used for the purpose of cooking or heating food in a closed environment. Ovens are available in various sizes and can be installed as per the requirement. The major function of an oven is to provide heat energy for cooking or warming purposes, which helps in making food soft, tender and juicy by reducing its moisture content.
The working principle of an oven varies according to the type of equipment it is i.e.
Application Insights:
In 2017, the commercial application segment dominated the global market with a revenue share of over 60%. The segment is expected to retain its dominance over the forecast period. Increasing number of restaurants and hotels at a global level has boosted product demand in this segment. Moreover, increasing spending on kitchen appliances by hotels and restaurants is further anticipated to drive growth.
The household application segment was valued over USD 1,300 billion in 2017 owing to rising adoption of advanced products such as smart ovens that can be controlled through smartphones or computers. Furthermore, growing penetration of 3D cooking apps has resulted in increased usage of smart devices for cooking food which drives demand for these appliances globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing disposable income and growing population in developing countries, such as India and China. Furthermore, rising awareness regarding health benefits associated with using household cooking appliances is also anticipated to drive the market over the forecast period.
North America held a significant share in 2017 owing to high consumer awareness about energy conservation coupled with environmental protection measures taken by manufacturers of household cooking appliances for domestic use. The U.S., being one of the most lucrative markets for commercial usage of these products, has been witnessing an increase in demand over past few years; this trend is projected to continue over next eight years or so due herculean efforts undertaken by government bodies and non-government organizations working toward sustainable development practices across all sectors including housing & construction industry, transportation sector among others which are collectively known as SDS (Sustainable Development Strategy).
Growth Factors:
- Increasing disposable income of the population: The growth in the disposable income of the population is one of the key drivers for the growth of household cooking appliances market. This is because with an increase in disposable income, consumers are able to afford better quality and more expensive household appliances.
- Urbanization: The trend of urbanization is another key driver for this market as it leads to an increase in demand for household appliances such as cooking appliances. This is because with increasing urbanization, there is a rise in nuclear families and single-person households, which leads to an increased demand for these types of appliances.
- Technological advancements: The advancement in technology has led to newer and more efficient models of cooking appliances being launched into the market, thereby driving its growth. For instance, induction cooktops are becoming increasingly popular due to their energy efficiency compared to traditional gas cooktops or electric cooktops . 4) Rising awareness about healthy eating habits: There has been a rising awareness among people about healthy eating habits over recent years and this has led them towards opting for healthier cooking methods such as using ovens or air fryers instead traditional frying methods using oil/ghee etc., thereby boosting sales figuresof these types if appliance 5) Changing lifestyle trends: Another factor that drives growth within this categoryis changing lifestyle trends amongst consumers across different age groups . For example , there has been a growing trend amongst millennials towards adopting minimalist lifestyles which includes investingin smaller kitchen spacesand
Scope Of The Report
Report Attributes
Report Details
Report Title
Household Cooking Appliances Market Research Report
By Type
Cooktops & Cooking Ranges, Ovens, Specialized Appliances
By Application
House, Commerical
By Companies
Morphy Richards, Whirlpool Corporation, Philips, Hitachi, AB Electrolux, GE Appliances, Haier, Robert Bosch, Fisher & Paykel, Panasonic
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Household Cooking Appliances Market Report Segments:
The global Household Cooking Appliances market is segmented on the basis of:
Types
Cooktops & Cooking Ranges, Ovens, Specialized Appliances
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
House, Commerical
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:
- Morphy Richards
- Whirlpool Corporation
- Philips
- Hitachi
- AB Electrolux
- GE Appliances
- Haier
- Robert Bosch
- Fisher & Paykel
- Panasonic
Highlights of The Household 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:
- Cooktops & Cooking Ranges
- Ovens
- Specialized Appliances
- By Application:
- House
- Commerical
- 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 Household 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?
Household cooking appliances are kitchen equipment used to cook food. These appliances can include ovens, microwaves, dishwashers, and blenders.
Some of the key players operating in the household cooking appliances market are Morphy Richards, Whirlpool Corporation, Philips, Hitachi, AB Electrolux, GE Appliances, Haier, Robert Bosch, Fisher & Paykel, Panasonic.
The household cooking appliances market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Household Cooking Appliances Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Household Cooking Appliances Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Household Cooking Appliances Market - Supply Chain
4.5. Global Household Cooking Appliances Market Forecast
4.5.1. Household Cooking Appliances Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Household Cooking Appliances Market Size (000 Units) and Y-o-Y Growth
4.5.3. Household Cooking Appliances Market Absolute $ Opportunity
5. Global Household Cooking Appliances Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Household Cooking Appliances Market Size and Volume Forecast by Type
5.3.1. Cooktops & Cooking Ranges
5.3.2. Ovens
5.3.3. Specialized Appliances
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Household Cooking Appliances Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Household Cooking Appliances Market Size and Volume Forecast by Application
6.3.1. House
6.3.2. Commerical
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Household Cooking Appliances Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Household Cooking Appliances Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Household Cooking Appliances Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Household Cooking Appliances Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Household Cooking Appliances Demand Share Forecast, 2019-2026
9. North America Household Cooking Appliances Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Household Cooking Appliances Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Household Cooking Appliances Market Size and Volume Forecast by Application
9.4.1. House
9.4.2. Commerical
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Household Cooking Appliances Market Size and Volume Forecast by Type
9.7.1. Cooktops & Cooking Ranges
9.7.2. Ovens
9.7.3. Specialized Appliances
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Household Cooking Appliances Demand Share Forecast, 2019-2026
10. Latin America Household Cooking Appliances Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Household Cooking Appliances Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Household Cooking Appliances Market Size and Volume Forecast by Application
10.4.1. House
10.4.2. Commerical
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Household Cooking Appliances Market Size and Volume Forecast by Type
10.7.1. Cooktops & Cooking Ranges
10.7.2. Ovens
10.7.3. Specialized Appliances
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Household Cooking Appliances Demand Share Forecast, 2019-2026
11. Europe Household Cooking Appliances Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Household Cooking Appliances Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Household Cooking Appliances Market Size and Volume Forecast by Application
11.4.1. House
11.4.2. Commerical
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Household Cooking Appliances Market Size and Volume Forecast by Type
11.7.1. Cooktops & Cooking Ranges
11.7.2. Ovens
11.7.3. Specialized Appliances
11.8. Basis Point Share (BPS) nalysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Household Cooking Appliances Demand Share, 2019-2026
12. Asia Pacific Household Cooking Appliances Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Household Cooking Appliances Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Household Cooking Appliances Market Size and Volume Forecast by Application
12.4.1. House
12.4.2. Commerical
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Household Cooking Appliances Market Size and Volume Forecast by Type
12.7.1. Cooktops & Cooking Ranges
12.7.2. Ovens
12.7.3. Specialized Appliances
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Household Cooking Appliances Demand Share, 2019-2026
13. Middle East & Africa Household Cooking Appliances Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Household Cooking Appliances Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Household Cooking Appliances Market Size and Volume Forecast by Application
13.4.1. House
13.4.2. Commerical
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Household Cooking Appliances Market Size and Volume Forecast by Type
13.7.1. Cooktops & Cooking Ranges
13.7.2. Ovens
13.7.3. Specialized Appliances
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Household Cooking Appliances Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Household Cooking Appliances Market: Market Share Analysis
14.2. Household Cooking Appliances Distributors and Customers
14.3. Household Cooking Appliances Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Morphy Richards
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Whirlpool Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Philips
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hitachi
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. AB Electrolux
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GE Appliances
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Haier
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Robert Bosch
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Fisher & Paykel
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Panasonic
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
