The global household cooking appliance market size is
expected to reach USD 124.8 billion by 2025, according to a new report by Grand
View Research, Inc., registering a 6.5% CAGR during the forecast period. The
market has witnessed a paradigm shift over the last few years, with advanced
connectivity features integrated with kitchen appliances and growing emphasis
on use of energy-efficient products to comply with emission norms becoming
commonplace worldwide.
There has been rising demand for advanced kitchen
electronics that can help reduce cooking time and minimize hassles in the food
preparation process. This demand arises from hectic schedules of the urban
working-class population across developing and developed countries. The
scenario is likely to lead to a notable increase in demand for advanced kitchen
appliances and thus boost market growth.
Smart kitchen devices are being used widely in
developed countries such as U.S., Canada, Germany, and Japan. Use of Artificial
Intelligence (AI) and IoT to control and access multiple smart kitchen
appliances through a remote or mobile device is gaining increased popularity.
To benefit from this scenario, a number of companies are introducing smart
kitchen equipment in their portfolios. For instance, in August 2018, Electrolux
expanded its partnership with Google Inc. in the European market for integrating
connected kitchen products with Google Assistant, allowing consumers to control
products using voice commands. Such advancements are expected to bolster the
global market in the next few years.
Browse full research report on Household
Cooking Appliance Market: https://www.grandviewresearch.com/industry-analysis/household-cooking-appliances-market
Further key
findings from the report suggest:
- The cooktop and cooking range product segment accounted for over
46.0% of the revenue in the global market in 2018
- Revenue from the ovens segment is expected to reach approximately
USD 50.00 billion by 2025. Within the oven product segment, the revenue
share of conventional ovens is expected to fall, whereas microwave and
combination ovens are expected to gain prominence
- Key manufacturers are partnering with leading technology providers
to integrate AI and IoT technology and develop products that are connected
and controlled using smartphones
- Asia Pacific is expected to dominate the global market by 2025
owing to rising urban population and increasing demand for technologically
advanced equipment.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/household-cooking-appliances-market/request/rs1
Grand
View Research has segmented the global household cooking appliance market on
the basis of product and region:
Household
Cooking Appliance Product Type Outlook (Revenue, USD Million, 2014 - 2025)
- Cooktops &
cooking ranges
- Gas
- Electric
- Induction
- Others
- Ovens
- Conventional
- Microwave
- Combination
- Specialized
appliance
Household
Cooking Appliance Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Japan
- South America
- Brazil
- Middle East and
Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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