Asia-Pacific Major Domestic Cooking Appliances Market, By Product (Built-In Hobs, Cooker, Oven, Residential Cooker Hoods), Distribution Channel (Supermarket/Hypermarket, Specialty Store, E-Commerce, Others), Country (Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific), Industry Trends And Forecast To 2028
Market Analysis and Insights: Asia-Pacific Major Domestic Cooking Appliances Market
Asia-Pacific major domestic cooking appliances market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 7.9% in the forecast period of 2021 to 2028 and is expected to reach USD 38,149,789.13 thousand by 2028.
A major appliance, or domestic cooking appliance, is usually defined as a large machine that accomplishes some routine housekeeping task, which includes purposes such as cooking, or food preservation, whether in a household, institutional, or commercial. The kitchen is considered by many to be the center of the home. With the progress of technology, homes are also becoming ‘smart,’ and this is transforming the kitchen. There are a plethora of smart kitchen appliances that are turning kitchen and dining spaces into pleasurable, comfortable, and smart experiences.
Increasing penetration of smart domestic cooking appliances is expected to drive the market’s growth. The surging adoption of modular kitchen appliances is expected to act as a potential market driver for the market. Also, the growing adoption of built-in hobs due to high suitability for compact kitchens is increasing the sales and profit of the players operating in the market.
The major restraint that may impact the market is the high energy consumption levels associated with domestic cooking appliances. Further, the rising demand for ready-to-eat food products may also restraint the market growth. The opportunities for the market are the influence of social media and the internet in promoting cooking culture. On the other hand, the high manufacturing cost associated with domestic cooking appliances may challenge the market growth.
This major domestic cooking appliances market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Major Domestic Cooking Appliances Market Scope and Market Size
Asia-Pacific major domestic cooking appliances market is segmented on the basis of product, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, Asia-Pacific major domestic cooking appliances market is segmented into built-in hobs, cooker, oven, and residential cooker hoods. In 2021, the built-in hobs segment is expected to dominate the major domestic cooking appliances market as the demand for built-in hobs is increasing in the region with the rise in urbanization and population, which helps to boost its market in the forecast year.
- On the basis of distribution channel, Asia-Pacific major domestic cooking appliances market is segmented into supermarket/hypermarket, specialty store, e-commerce, and others. In 2021, the supermarket/hypermarket is expected to dominate the market due to the increasing demand for discounts and offers available on domestic cooking appliances in the region, which boosts its demand in the forecast year.
Asia-Pacific Major Domestic Cooking Appliances Market, By Distribution Channel
Asia-Pacific Major Domestic Cooking Appliances Market Country Level Analysis
Asia-Pacific major domestic cooking appliances market is analyzed, and market size information is provided by country, product, and distribution channel.
The countries covered in the Asia-Pacific major domestic cooking appliances market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, and the rest of Asia-Pacific.
China is expected to dominate the Asia-Pacific major domestic cooking appliances market as it is one of the fastest-growing countries due to increasing urbanization and population.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Major Domestic Cooking Appliances industry
Asia-Pacific major domestic cooking appliances market also provides you with detailed market analysis for every country growth in the installed base of different kinds of products for major domestic cooking appliances market, the impact of technology using lifeline curves and changes in infant formula regulatory scenarios and their impact on the major domestic cooking appliances market. The data is available for the historic period 2011 to 2019.
Competitive Landscape and Major Domestic Cooking Appliances Market Share Analysis
Asia-Pacific major domestic cooking appliances market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Asia-Pacific major domestic cooking appliances market.
The major players covered in the report are LG Electronics, Whirlpool Corporation, Panasonic Corporation, Koninklijke Philips N.V, Faber S.p.A, Falmec S.P.A, TTK Prestige Ltd., ELICA, Sub-Zero Group, Inc., Electrolux, Robert Bosch GmBH, Miele, IFB Industries Limited, Samsung, KAFF Appliances, Arcelik, CNA group, Haier Group, FOTILE, ROBAM, Midea, Vatti, Broan-NuTone, LLC. (A subsidiary of Madison Industries/ formerly operated by Nortek). DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In August 2021, Panasonic Corporation launched New Factory for IAQ*1 Devices in Shunde, China, to enhance the production of energy recovery ventilator systems. With this development company is enhancing its market share across the South Asia region
- In June 2018, ELICA signed an agreement between Elica India and Whirlpool of India to accelerate domestic cooking appliances growth in the Indian market. With this development company is able to enhance its future sales in the region
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