Global Cooking Appliances Market Overview:
A wide variety of cooking appliances exist that largely serve the same cooking requirements; recent trends in product innovation have moved towards increased integration and functionality. The performance of common cooking appliances differs widely depending on device type, fuel type, and user behaviour. Real-life efficiencies differ substantially from standardized test values owing to the impact of idle consumption, pre-heat input and user behaviour. Appliances generally use electricity or gas (natural gas or LPG), whilst biomass is also an important fuel in developing countries. Some of the key players profiled in the study are Koninklijke Philips (Netherlands), Black and Decker (United States), Morphy Richards (United Kingdom), Faber (Italy), Siemens (Germany), Bosch (Germany), Samsung (South Korea), TTK Prestige (India), Bajaj (India) and Whirlpool Corporation (United States).
On the basis of geography, the market of Cooking Appliances has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Cooking Appliances market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Conduction will boost the Cooking Appliances market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel Type, the sub-segment i.e. Cooking Gas will boost the Cooking Appliances market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Disposable Income and Changing Lifestyle
- Increase in Health Concerns
- Increasing Food Services Establishment
- High Cost of Superior Technology
- Lack of Fuel Choice
- Rising Demand for Smart Kitchen Appliances
- Concerns Regarding Energy Consumption
In accordance with the Energy Policy and Conservation Act of 1975 (EPCA), as amended, the U.S. Department of Energy (DOE) implements minimum efficiency standards for a wide range of appliances and equipment used in residential and commercial buildings. Within the parameters of technical feasibility and cost-effectiveness, federal efficiency standards compel product designers and manufacturers to reduce the amount of energy and water necessary for the proper operation of appliances and other building equipment.
Leading key players of cooking appliances are focusing on strategic partnerships and new product launches to improve their products and services along with focusing on increasing their client base to strengthen market position.
Target Audience:Manufacturers of Cooking Appliances, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Cooking Appliances, Governmental Bodies and Research Firms
Major Objectives Focused through this Study To define, describe, and forecast the Global Cooking Appliances market on the basis of product [Oven, Hob, Grill, Microwave and Others] , application [Residential and Commercial], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Cooking Appliances market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Cooking Appliances industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Electrolux AB (Sweden), Maytag Corporation (United States), Thermador (United States), Jenn-Air (United States) and Miele (Germany).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Cooking Appliances market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.