Market Overview:
The global multifunctional cooking machine market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for multifunctional cooking machines from both online and offline sales channels. Additionally, the growing awareness about the benefits of using multifunctional cooking machines is also contributing to the growth of this market. Based on type, the global multifunctional cooking machine market can be segmented into capacity?0.3L, capacity?0.6L, capacity?1.2L and capacity above 1.2L segments. Among these segments, Capacity above 1 .
Product Definition:
A Multifunctional Cooking Machine is a single appliance that can perform several cooking functions, such as boiling, frying, and steaming. The importance of a Multifunctional Cooking Machine is that it can save kitchen space and simplify meal preparation.
Capacity?0.3L:
Capacity is the maximum amount of a substance that can be held in a container or a machine without exceeding its capacity to perform its function. The most common use of the term is in reference to liquid capacities, which are used for measuring solids and liquids together.
Capacity?0.6L:
Capacity is the maximum amount of a substance that can be held in a container at once. For instance, if we take two containers of different sizes and fill them with water, then the larger one will contain more than the smaller one because it has more space inside. The capacity of cooking machine depends on its size and how many functions it performs.
Application Insights:
The offline sale segment dominated the global multifunctional cooking machine market in 2017. Offline sales channels such as local retails stores and e-commerce platforms have been witnessing significant growth due to the increasing purchasing power of consumers across the globe. This trend has led to an increase in demand for advanced products with enhanced features and functionality, which is anticipated to positively impact product demand over the forecast period.
Online sale segment is expected to grow at a CAGR of XX% from 2018 to 2030 owing majorly on account of growing internet penetration across countries, rising consumer awareness regarding brand preferences, changing lifestyle along with rising disposable income among millennials globally. The online purchase option allows customers worldwide access various benefits including easy payment options through credit card processing along with home delivery services which further enhances customer experience resulting in increased product demand globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing per capita income, changing lifestyles, and rising demand for fast food among millennials. China led the regional market in terms of revenue owing to increased adoption of multifunctional cooking machines at home as well as restaurants. The country has witnessed a surge in demand for small kitchen appliances that help save space and energy while preparing food.
North America is expected to witness significant growth over the forecast period owing to an increase in online orders from restaurants along with growing popularity of delivery services such as Uber Eats and DoorDash among millennials who prefer convenience over dining out at home or order-in restaurant chains such as McDonald's or Burger King instead of making separate trips for each meal.
Growth Factors:
- Increasing demand for multifunctional cooking machines from the commercial sector as a result of the growing trend of open kitchens in restaurants and cafes.
- Rising demand for multifunctional cooking machines from households due to the increasing popularity of modular kitchens and kitchen automation.
- Growing awareness about the benefits of using multifunctional cooking machines among consumers, which is resulting in an increase in adoption rates across regions.
- The launch of innovative and advanced models of multifunctional cooking machines by leading players that offer better performance and features compared to traditional cookers/ovens/microwaves etc., thereby driving market growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multifunctional Cooking Machine Market Research Report
By Type
Capacity?0.3L, Capacity?0.6L, Capacity?1.2L, Capacity?Above1.2L
By Application
Online Sale, Offline Sale
By Companies
Haier, Whirlpool, Midea, Panasonic, GE, SAMSUNG, SONY, LG, BSH, Hisence, Electrolux, Philips, Gree, TCL, Changhong, SKYWORTH, Meling
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Multifunctional Cooking Machine Market Report Segments:
The global Multifunctional Cooking Machine market is segmented on the basis of:
Types
Capacity?0.3L, Capacity?0.6L, Capacity?1.2L, Capacity?Above1.2L
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
Online Sale, Offline Sale
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:
- Haier
- Whirlpool
- Midea
- Panasonic
- GE
- SAMSUNG
- SONY
- LG
- BSH
- Hisence
- Electrolux
- Philips
- Gree
- TCL
- Changhong
- SKYWORTH
- Meling
Highlights of The Multifunctional Cooking Machine 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:
- Capacity?0.3L
- Capacity?0.6L
- Capacity?1.2L
- Capacity?Above1.2L
- By Application:
- Online Sale
- Offline Sale
- 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 Multifunctional Cooking Machine 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
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- 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?
A multifunctional cooking machine is a kitchen appliance that can be used to cook food in a variety of ways. This could include using the machine to bake, fry, roast or steam food. Some machines also have features such as slow cookers or grills which allow you to cook food at a lower temperature for longer periods of time.
Some of the major players in the multifunctional cooking machine market are Haier, Whirlpool, Midea, Panasonic, GE, SAMSUNG, SONY, LG, BSH, Hisence, Electrolux, Philips, Gree, TCL, Changhong, SKYWORTH, Meling.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multifunctional Cooking Machine 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. Multifunctional Cooking Machine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Multifunctional Cooking Machine Market - Supply Chain
4.5. Global Multifunctional Cooking Machine Market Forecast
4.5.1. Multifunctional Cooking Machine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Multifunctional Cooking Machine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Multifunctional Cooking Machine Market Absolute $ Opportunity
5. Global Multifunctional Cooking Machine 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. Multifunctional Cooking Machine Market Size and Volume Forecast by Type
5.3.1. Capacity?0.3L
5.3.2. Capacity?0.6L
5.3.3. Capacity?1.2L
5.3.4. Capacity?Above1.2L
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Multifunctional Cooking Machine 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. Multifunctional Cooking Machine Market Size and Volume Forecast by Application
6.3.1. Online Sale
6.3.2. Offline Sale
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Multifunctional Cooking Machine 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. Multifunctional Cooking Machine 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 Multifunctional Cooking Machine 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. Multifunctional Cooking Machine 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 Multifunctional Cooking Machine Demand Share Forecast, 2019-2026
9. North America Multifunctional Cooking Machine 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 Multifunctional Cooking Machine 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 Multifunctional Cooking Machine Market Size and Volume Forecast by Application
9.4.1. Online Sale
9.4.2. Offline Sale
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Multifunctional Cooking Machine Market Size and Volume Forecast by Type
9.7.1. Capacity?0.3L
9.7.2. Capacity?0.6L
9.7.3. Capacity?1.2L
9.7.4. Capacity?Above1.2L
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 Multifunctional Cooking Machine Demand Share Forecast, 2019-2026
10. Latin America Multifunctional Cooking Machine 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 Multifunctional Cooking Machine 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 Multifunctional Cooking Machine Market Size and Volume Forecast by Application
10.4.1. Online Sale
10.4.2. Offline Sale
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Multifunctional Cooking Machine Market Size and Volume Forecast by Type
10.7.1. Capacity?0.3L
10.7.2. Capacity?0.6L
10.7.3. Capacity?1.2L
10.7.4. Capacity?Above1.2L
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 Multifunctional Cooking Machine Demand Share Forecast, 2019-2026
11. Europe Multifunctional Cooking Machine 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 Multifunctional Cooking Machine 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 Multifunctional Cooking Machine Market Size and Volume Forecast by Application
11.4.1. Online Sale
11.4.2. Offline Sale
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Multifunctional Cooking Machine Market Size and Volume Forecast by Type
11.7.1. Capacity?0.3L
11.7.2. Capacity?0.6L
11.7.3. Capacity?1.2L
11.7.4. Capacity?Above1.2L
11.8. Basis Point Share (BPS) Analysis 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 Multifunctional Cooking Machine Demand Share, 2019-2026
12. Asia Pacific Multifunctional Cooking Machine 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 Multifunctional Cooking Machine 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 Multifunctional Cooking Machine Market Size and Volume Forecast by Application
12.4.1. Online Sale
12.4.2. Offline Sale
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Multifunctional Cooking Machine Market Size and Volume Forecast by Type
12.7.1. Capacity?0.3L
12.7.2. Capacity?0.6L
12.7.3. Capacity?1.2L
12.7.4. Capacity?Above1.2L
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 Multifunctional Cooking Machine Demand Share, 2019-2026
13. Middle East & Africa Multifunctional Cooking Machine 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 Multifunctional Cooking Machine 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 Multifunctional Cooking Machine Market Size and Volume Forecast by Application
13.4.1. Online Sale
13.4.2. Offline Sale
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Multifunctional Cooking Machine Market Size and Volume Forecast by Type
13.7.1. Capacity?0.3L
13.7.2. Capacity?0.6L
13.7.3. Capacity?1.2L
13.7.4. Capacity?Above1.2L
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 Multifunctional Cooking Machine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Multifunctional Cooking Machine Market: Market Share Analysis
14.2. Multifunctional Cooking Machine Distributors and Customers
14.3. Multifunctional Cooking Machine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Haier
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
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Midea
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Panasonic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GE
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SAMSUNG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SONY
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BSH
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hisence
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Electrolux
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Philips
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Gree
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TCL
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Changhong
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. SKYWORTH
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Meling
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
