Global Household Cooking Appliance Market Analysis 2024, Forecast To 2033
12 Jan, 2024
The household cooking appliance market has experienced robust growth, increasing from $136.89 billion in 2023 to $147.49 billion in 2024, with a 7.7% CAGR. Historical growth is linked to electrification of households, changing lifestyles, energy efficiency standards, rising home improvement costs, and the adoption of modular kitchens. The forecast suggests continued strong growth, projecting a market size of $193.36 billion in 2028, with a 7.0% CAGR. Anticipated drivers include smart home integration, sustainability, health and wellness trends, increased home cooking, and urbanization. Key trends include induction cooking, multifunctional appliances, sustainable materials, and retro/vintage designs.
Global Household Cooking Appliance Market Key Driver
The demand for electric stoves rises due to the increasing popularity of energy-efficient cooking appliances. Electric stoves demonstrate high cooking efficiency compared to gas cooktops, contributing to a reduction in energy costs and emissions.
Get A Free Sample Of The Global Household Cooking Appliance Market ReportGlobal Household Cooking Appliance Market Segments
The household cooking appliance market covered in this report is segmented –
1)By Product: Electric Stoves, Microwave Ovens, Barbecues And Grills, Others - Household Cooking Appliance
2)By Fuel Type: Cooking Gas, Electricity
3)By Application: Household, Commercial
By Geography: The regions covered in the household cooking appliance market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the household cooking appliances market in 2023. Western Europe was the second-largest region in the household cooking appliance market analysis. The regions covered in the household cooking appliance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Household Cooking Appliance Industry Players
LG Electronics Inc, Electrolux AB, Panasonic, Haier Group, Whirlpool Corporation, SMEG S.p.A., Kenmore, Samsung Electronics, Galanz Enterprise Group, Koninklijke Philips N.V., Alto-Shaam Inc, Robert Bosch GmbH, The Coleman Company Inc, Spectrum Brands Holdings Inc., Amana, Miele & Cie. KG, General Electric Company (GE), The Middleby Corporation LLC, Char-Broil LLC, Midea Group Co. Ltd., Frigidaire, KitchenAid, Sears Holdings Corporation, Broilmaster, Traeger Inc., Empire Comfort Systems Inc., Blackstone Products Inc., Groupe SEB, TTK Prestige Ltd., BSH Hausgeräte GmbH, Arcelik A.S., Gorenje Group
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Household Cooking Appliance Market Overview
Household cooking appliance refers to electrical and non-electronic equipment which assists in food preparation in a household.
Household Cooking Appliance Global Market Report 2023 provides data on the global household cooking appliance market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The household cooking appliance market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.