North America 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 (U.S., Canada, Mexico), Industry Trends and Forecast to 2028
Market Analysis and Insights: North America Major Domestic Cooking Appliances Market
North America 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 6.8% in the forecast period of 2021 to 2028 and is expected to reach USD 12,459,992.29 thousand by 2028.
A major appliance, or domestic cooking appliance, is usually defined as a large machine which 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 centre of the home. With the progress of technology, homes are also becoming ‘smart’, and this is transforming the kitchen. There is a plethora of smart kitchen appliances that are turning kitchen and dining spaces into pleasurable, comfortable, and smart experiences.
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 is 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.
North America Major Domestic Cooking Appliances Market Scope and Market Size
North America major domestic cooking appliances market is segmented on the basis of product, 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, North America major domestic cooking appliances market is segmented into built-in hobs, cooker, oven, and residential cooker hoods. In 2021, cooker segment is expected to dominate the major domestic cooking appliances market due to the rise in home renovation and increasing spending on home aesthetics, which helps to boost its demand in the forecast year.
- On the basis of distribution channel, North America major domestic cooking appliances market is segmented into supermarket/hypermarket, specialty store, e-commerce, and others. In 2021 supermarket/hypermarket is expected to dominate the major domestic cooking appliances market due to a change in preference of customers to purchase the domestic cooking appliances and ease of access, which boosts its demand in the forecast year.
North America Major Domestic Cooking Appliances Market Country Level Analysis
North America Major Domestic Cooking Appliances Market is analyzed, and market size information is provided by country, product, and distribution channel.
The countries covered in the North America major domestic cooking appliances market report are the U.S., Canada, and Mexico.
The U.S. is expected to dominate the North America major domestic cooking appliances market as it is one of the fastest growing countries due to increasing innovations and development in domestic cooking appliances.
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
North America 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
North America 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 North America 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, ELICA, Sub-Zero Group, Inc., Electrolux, Robert Bosch GmBH, SMEG S.p.A, Samsung, Vent-A-Hood Ltd, Viking Range LLC (Subsidiary of Middleby Corporation), Zephyr Ventilation, Windster Hoods, Franke Management AG, Arcelik, 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 June 2021, Electrolux opened its new Springfield warehouse. This is the first section of the more than USD 250 million factory expansion to open at its Springfield manufacturing campus. With this development company is increasing its business in the North America region
- In September 2019, SMEG S.p.A opened a new flagship store where cutting edge innovations are presented, such as the cookers and fridges designed by Dolce & Gabbana in the “Divina Cucina” collection. With this development company is expecting to enhance its customer base in the market
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