Global Large Cooking Appliance market share 2024, Forecast To 2033
4 Mar, 2024
The large cooking appliance market has witnessed robust growth, escalating from$32.47 billion in 2023 to$34.99 billion in 2024, with a compound annual growth rate (CAGR) of 7.8%. Historical drivers include shifting consumer lifestyles, design and aesthetics, consumer health awareness, urbanization, and space constraints, along with product customization and personalization. Anticipated strong growth in the upcoming years is projected to drive the market to$46.69 billion by 2028, fueled by global economic conditions, enhanced safety features, customizable options, urban living solutions, and the influence of culinary trends. Major trends in the forecast period include smart kitchen integration, energy efficiency demands, health and wellness trends, design and aesthetics, and increased cooking convenience.
Global Large Cooking Appliance Market Key Driver
The large cooking appliances market is anticipated to expand owing to the growth in urbanization. Urbanization, characterized by the migration of populations from rural to urban areas, is driving the demand for large cooking appliances. As urban populations grow and households become smaller, there is a corresponding increase in the demand for large cooking appliances. The World Bank reports that over 50% of the global population lives in urban areas in 2022, a figure expected to rise to 6 billion by 2045. This demographic shift underscores the significant market potential for large cooking appliances driven by urbanization.
Get A Free Sample Of The Global Large Cooking Appliance Market ReportGlobal Large Cooking Appliance Market Segments
The global large cooking appliance market covered in this report is segmented –
1) By Product: Cooktops, Ovens, Specialized Appliances
2) By Sales Channel: Brick And Mortar, E-Commerce
3) By Application: Household, Commercial
By Geography: The regions covered in the large cooking appliance market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the large cooking appliance market in 2023. The regions covered in the large cooking appliance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Large Cooking Appliance Industry Players
Samsung Electronics Co. Ltd., Whirlpool Corporation, Koninklijke Philips N.V., Haier Group Corporation, Robert Bosch GmbH, Morphy Richards, Hitachi Appliances Inc., AB Electrolux, GE Appliances, LG Electronics Inc., BSH Hausgeräte GmbH, Panasonic Corporation, Fisher & Paykel Appliances Co. Ltd., SMEG S.p.A, Miele & Cie. KG, KitchenAid, Thermador Groupe SA, Dacor LLC, Wolf Appliance, Smalterie Metallurgiche Emiliane Guastalla, La Cornue, Bertazzoni SPA, ILVE SPA, Sub-Zero Inc., BlueStar Ltd., Capital Cooking Equipment, Tecnogas Superiore, American Range, Zephyr Ventilation, AGA Rangemaster Ltd.
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Large Cooking Appliance Market Overview
Large cooking appliances refer to cooktops, ovens, and specialty appliances like grills, steamers, and fryers. Large cooking appliances are used to prepare food in huge kitchens.
Large Cooking Appliance Global Market Report 2023 provides data on the global large cooking appliance market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The large cooking appliance market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.