Large Cooking Appliance Market By Product Type (Cooktops, Ovens, Others), By End User (Household, Commercial), By Sales Channel (Hypermarkets/Supermarkets, Multi-Branded Stores, Exclusive Stores, Online, Others), By Region, By Competition Forecast & Opportunities, 2024-2032F

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format

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Large Cooking Appliance Market By Product Type (Cooktops, Ovens, Others), By End User (Household, Commercial), By Sales Channel (Hypermarkets/Supermarkets, Multi-Branded Stores, Exclusive Stores, Online, Others), By Region, By Competition Forecast & Opportunities, 2024-2032F

Forecast Period2024-2028
Market Size (2022)USD36.18 billion
CAGR (2023-2028)5.4%
Fastest Growing SegmentCooktops
Largest MarketAsia Pacific
MIR Consumer Goods and Retail

Market Overview

Key Market Drivers

Changing Consumer Lifestyles

Technological Advancements

MIR Segment1

Energy Efficiency and Environmental Concerns

Urbanization and Kitchen Space Constraints

Economic Factors and Housing Market

Key Market Challenges

MIR Regional

Technological Complexity and Maintenance

Environmental Concerns and Sustainability

Shifting Consumer Preferences

Key Market Trends

Smart Appliances and Connectivity

Sustainability and Energy Efficiency

Segmental Insights

Product Type Insights

End User Insights

Regional Insights

Recent Developments

  • In 2022, Spectrum Brands Holdings, Inc., a leading global brandedconsumer products and home essentials company focused on driving innovation andproviding exceptional customer service, announced an agreement to acquire thehome appliances and cookware categories of Tristar Products, Inc. for USD325million.
  • In 2022, Butterfly Gandhimathi Appliances Ltd. ("Butterfly")got acquired by Crompton Greaves Consumer Electricals Ltd.("Crompton"). Butterfly Gandhimathi Appliances Ltd is the leadingmaker of home kitchens and electrical appliances in India.

Key Market Players

  • Samsung Electronics Co. Ltd
  • Morphy Richards
  • LG Electronics Inc.
  • Whirlpool Corporation
  • Hitachi Appliances Inc.
  • Koninklijke Philips N.V.
  • AB Electrolux
  • Haier Group Corporation
  • GE Appliances
  • Robert Bosch GmbH

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