The global household cooking appliances market is forecasted to grow to USD 79.80 billion by 2018. The global market, primarily driven by demand from Europe and the Asia Pacific region, is experiencing steady growth across all product segments and regions. The key growth drivers include growing preference for environment friendly products in Europe and economic development in Asia Pacific regions.
Albany, NY -- (SBWIRE) -- 04/22/2016 -- The household cooking appliances market, within the report describes various cooking appliances used in households. The various technologies used in devices may be thermal regulators, auto programs, smart programs, and other such salient features, which make a device unique in terms of technological advantages associated with them.
These appliances are most commonly gas or electricity operated. However, appliances run on other fuels such as liquid fuel stoves, solar cookers, and others are also included.
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The report includes segmentation of household cooking appliances market by product type and geography. Further, it provides current and forecast market size by revenue for the aforementioned categories. Cross sectional analysis for product type and geography segments are also a part of the scope. Factors influencing and inhibiting growth of the market have been analyzed.
The market overview section of the report demonstrates the market dynamics such as drivers, restraints and opportunities that influence the current status and future status of the market. Impact factors such as Porter's five forces analysis have also been explained in the market overview section of the report, in order to give a thorough analysis of overall competitive scenario in global household cooking appliances market. The global household cooking appliance market is driven by factors such as growing population and rising number of smaller households, rising working women population and rising fuel prices. Factors affecting the market growth are high cost (first time purchase), rising population of singles and preference for ready to eat food. Rising urbanization in emerging market and development of novel and improved products are offering potential opportunities for household cooking appliances market. Urbanization is driving demand for modular kitchens in emerging economies, which in turn creates opportunities for advanced cooking appliances, especially of those run on electricity or with option of duel fuel operated systems.
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The report includes segmentation of household cooking appliance market by product type and geography. Product type segmentation includes cook-tops (hobs) and oven. Cook-tops (hobs) are classified into gas cook-tops, electric coil cook tops, induction cook-tops, other cook-tops. Different types of ovens available in the market are conventional/thermal oven, microwave oven and combination ovens. The different specialized cooking appliances which are used in households are included under the specialized cooking appliances segment. The market revenue and forecast for each product type has been provided for the period 2010-2018 in terms of USD million, along with the CAGR for the forecast period 2012 to 2018.
In terms of geographical distribution, the global household cooking appliance market has been classified into four regions namely, North America, Europe, Asia-Pacific and Rest of the World (RoW). This section includes market revenue (2010-2018) and forecast (2012-2018) for product types and product designs in each regional market, in terms of USD million. The study further offers recommendations and highlights of the market, which would be useful for the present and new market players to sustain and grow in the global household cooking appliance market.
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The report concludes with the company profile sections which include key information about the major players in the market. Some of the key players profiled in this report include AB Electrolux, Daewoo Electronics Corporation, Whirlpool Corporation, Haier Group Company, LG Electronics, Panasonic Corporation, Philips Electronics, Videocon Industries Limited, Robert Bosch Gmbh, Fisher & Paykel Appliances Holdings Ltd, Stoves Appliance Company (Glen Dimplex Home Appliances Ltd.) and Miele & Cie. KG among others. This study includes the strategies adopted by these key players to sustain competition. Recent developments by the companies and barriers of the market will help emerging players design their strategies in an effective manner. The study is expected to help key players of the household cooking appliance market in formulating and developing their strategies.
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