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Global Major Domestic Cooking Appliances Market – Industry Trends and Forecast to 2031

  • FMCG
  • Upcoming Report
  • Mar 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Major Domestic Cooking Appliances Market, By Type (Cooktops and Cooking Ranges, Ovens, and Specialized Appliances), Structure (Built-in and Freestanding),  Distribution Channel (Brick and Mortar, and E-commerce) – Industry Trends and Forecast to 2031.

Major Domestic Cooking Appliances Market

Major Domestic Cooking Appliances Market Analysis and Size

The major domestic cooking appliances market encompasses brick-and-mortar and e-commerce channels. Brick-and-mortar stores offer hands-on experience and immediate gratification, while e-commerce provides convenience and a wide selection. Both channels compete and complement each other, catering to diverse consumer preferences. With the growing popularity of online shopping, e-commerce platforms are increasingly vital for reaching tech-savvy consumers and driving sales.

Data Bridge Market Research analyzes that the global major domestic cooking appliances market was valued at USD 42.27 billion in 2023 and is expected to reach USD 69.96 billion by 2031, registering a CAGR of  6.5% during the forecast period of 2024-2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Cooktops and Cooking Ranges, Ovens, and Specialized Appliances), Structure (Built-in and Freestanding),  Distribution Channel (Brick and Mortar, and E-commerce)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

AB Electrolux (Sweden), Whirlpool (U.S.), SAMSUNG (South Korea), Koninklijke Philips N.V. (Netherlands), Morphy Richards (U.K.), TTK Prestige Ltd (India), GE Appliances (U.S.), Dacor, Inc. (U.S.), TCL (China), Sichuan Changhong Electric Co., Ltd. (China), LG Electronics (South Korea), Panasonic Corporation (Japan), Hisense International Co., Ltd. (China), GREE ELECTRIC APPLIANCES, INC. (China), Hitachi Appliances, Inc. (Japan), BSH Home Appliances Corporation (Germany), Balaji Home Shop (India), Lords Home Solutions (India), LMG Home Appliances (India), Planet Crystal Exports (India)

Market Opportunities

  • Customization Options to Meet Diverse Consumer Needs
  • Collaboration with Chefs for Product Endorsements

Market Definition

Major domestic cooking appliances refer to large-scale kitchen equipment designed for household use, including stoves, ovens, cooktops, and range hoods. These appliances facilitate cooking, baking, grilling, and other food preparation tasks, typically powered by gas or electricity. They are essential components of residential kitchens, providing convenience and functionality for meal preparation.

Global Major Domestic Cooking Appliances Market Dynamics

Drivers

  • Technological Advancements in Cooking Appliance Features

Technological advancements drive innovation in major domestic cooking appliances market, enhancing functionality and convenience. Features such as touch-screen interfaces, Wi-Fi connectivity, and smart sensors offer precise cooking control and remote monitoring capabilities. Advanced cooking modes, such as convection and steam cooking, ensure optimal cooking results while saving time and energy. These innovations cater to consumers' desire for efficient and user-friendly appliances, fueling market growth by offering cutting-edge solutions that meet evolving culinary demands.

  • Adoption of Smart Home Technologies in Kitchen Appliances

The major domestic cooking appliances market experiences growth with the adoption of smart home technologies in kitchen appliances. Integration with voice assistants, mobile apps, and home automation systems allows users to control cooking appliances remotely and receive notifications. Smart features such as pre-programmed cooking modes and recipe suggestions enhance convenience and efficiency in meal preparation. This trend reflects consumers' increasing interest in connected living spaces, driving demand for technologically advanced kitchen appliances.

Opportunities

  • Customization Options to Meet Diverse Consumer Needs

Companies can provide options such as varying sizes, colors, and functionalities to cater to different preferences and kitchen layouts. This approach enhances consumer satisfaction and loyalty by providing tailored solutions that align with individual lifestyles and cooking habits. The opportunity lies in continuously innovating and expanding customization options to stay ahead of competitors and capture a larger share of the market.

  • Collaboration with Chefs for Product Endorsements

Collaborating with chefs for product endorsements in the market is a strategic move to enhance brand credibility and consumer trust. By partnering with renowned chefs, companies can leverage their expertise and influence to endorse cooking appliances, emphasizing performance, quality, and versatility. This association not only boosts brand visibility but also instills confidence in consumers, driving sales and market share. The opportunity lies in fostering long-term partnerships with chefs to continually promote products and capitalize on their culinary expertise.

Restraints/Challenges

  • Limited Availability of Skilled Technicians for Installation and Repairs

The limited availability of skilled technicians leads to prolonged wait times for installation and repair services, potentially frustrating customers and diminishing brand loyalty. Moreover, the difficulty in accessing timely assistance may deter consumers from purchasing new appliances or lead them to seek alternative brands with more readily available support services. Consequently, this challenge could impede market growth by impacting consumer confidence and satisfaction levels.

  • Fluctuating Raw Material Prices Affecting Production Costs

The fluctuating raw material impact production costs, making it challenging for manufacturers to maintain consistent pricing strategies. Consequently, consumers may face higher prices for appliances or encounter variations in product availability. Moreover, manufacturers may struggle to forecast and manage expenses effectively, leading to potential profit margins being squeezed. Ultimately, this restraint can hinder market growth by reducing consumer affordability and eroding manufacturers' competitiveness in the domestic cooking appliances market.

This global major domestic cooking appliances market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global major domestic cooking appliances market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In March 2023, Butterfly Gandhimathi Appliances merged with Crompton Greaves Consumer Electricals Ltd. (CGCEL) to enhance their presence in the major domestic cooking appliances market. This strategic move aims to leverage synergies, drive product innovation, and develop robust marketing strategies to strengthen their competitive position in the industry
  • In May 2021, Whirlpool Corporation disclosed a US$15 million investment in its Oklahoma factory to bolster manufacturing capabilities and drive innovation. This initiative underscores Whirlpool's commitment to delivering top-tier consumer products, fostering job creation, and reinforcing its position in the major domestic cooking appliances market through enhanced manufacturing capabilities
  • In April 2021, Electrolux received four Red Dot Design Awards for its Electrolux and AEG brands, displaying excellence in innovation, functionality, quality, and ergonomics. This recognition underscores Electrolux's commitment to design excellence and innovation, enhancing its competitive edge in the major domestic cooking appliances market
  • In March 2021, Electrolux organized Future Sustainable Kitchen, a digital event uniting food ecosystem experts to promote sustainable eating. This initiative reflects Electrolux's commitment to sustainability and aligns with the company's efforts to address consumer preferences and market demands in the major domestic cooking appliances market

Global Major Domestic Cooking Appliances Market Scope

The global major domestic cooking appliances market is segmented on the basis of type, structure and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Cooktops and Cooking Ranges
  • Ovens
  • Specialized Appliances

Structure

  • Built-In
  • Freestanding

  Distribution Channel

  • Brick and Mortar
  • E-Commerce

Global Major Domestic Cooking Appliances Market Regional Analysis/Insights

The global major domestic cooking appliances market is analyzed and market size insights and trends are provided by type, structure and distribution channel as referenced above.

The countries covered in the global major domestic cooking appliances market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the major domestic cooking appliances market due to manufacturers' emphasis on product innovations and research and development investments. Continued focus on incorporating advanced technologies fuels this trend, ensuring the region's sustained dominance in the market during the forecast period.

Asia-Pacific is expected for significant growth in the major domestic cooking appliances market due to increasing brand popularity, rising personal disposable income, and expansion in the consumer electronics industry. These factors drive demand for kitchen appliances, indicating substantial market expansion in the region amidst growing consumer preferences and economic development.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the 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, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Major Domestic Cooking Appliances Market Share Analysis

The global major domestic cooking appliances market competitive landscape provides details by 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, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global major domestic cooking appliances market.

Some of the major players operating in the global major domestic cooking appliances market are:

  • AB Electrolux (Sweden)
  • Whirlpool (U.S.)
  • SAMSUNG (South Korea)
  • Koninklijke Philips N.V. (Netherlands)
  • Morphy Richards (U.K.)
  • TTK Prestige Ltd (India)
  • GE Appliances (U.S.)
  • Dacor, Inc. (U.S.)
  • TCL (China)
  • Sichuan Changhong Electric Co., Ltd. (China)
  • LG Electronics (South Korea)
  • Panasonic Corporation (Japan)
  • Hisense International Co., Ltd. (China)
  • GREE ELECTRIC APPLIANCES, INC. (China)
  • Hitachi Appliances, Inc. (Japan)
  • BSH Home Appliances Corporation (Germany)
  • Balaji Home Shop (India)
  • Lords Home Solutions (India)
  • LMG Home Appliances (India)
  • Planet Crystal Exports (India)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The major domestic cooking appliances market size will be worth USD 69.96 billion by 2031.
The growth rate of the major domestic cooking appliances market is 6.5% by 2031.
Technological advancements in cooking appliance features & adoption of smart home technologies in kitchen appliances are the growth drivers of the major domestic cooking appliances market.
Type, structure and distribution channel are the factors on which the major domestic cooking appliances market research is based.
Major companies in the major domestic cooking appliances market are AB Electrolux (Sweden), Whirlpool (U.S.), SAMSUNG (South Korea), Koninklijke Philips N.V. (Netherlands), Morphy Richards (U.K.), TTK Prestige Ltd (India), GE Appliances (U.S.), Dacor, Inc. (U.S.), TCL (China), Sichuan Changhong Electric Co., Ltd. (China), LG Electronics (South Korea), Panasonic Corporation (Japan), Hisense International Co., Ltd. (China), GREE ELECTRIC APPLIANCES, INC. (China), Hitachi Appliances, Inc. (Japan), BSH Home Appliances Corporation (Germany), Balaji Home Shop (India), Lords Home Solutions (India), LMG Home Appliances (India), Planet Crystal Exports (India).
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