As per newly released data by Future Market Insights (FMI), the built-in large cooking appliances market is estimated at US$ 12.2 Billion in 2023 and is projected to reach US$ 21.8 Billion by 2033, at a CAGR of 5.9% from 2023 to 2033. Share of built-in large cooking appliances market in its parent market (kitchen appliance market) is approximately ~7%-10%.
Smart home technology has boosted consumer interest in modern appliances. Connectivity and voice assistants have allowed for the development and popularity of cookware with touchscreens, cameras, and Wi-Fi connections. Remote operation and monitoring can be done through the smartphone for many smart home devices.
Many consumers have been alarmed by the potentially enormous amounts of energy used when running everyday appliances. This has thus convinced consumers to opt for Energy-Star rated appliances. These appliances nowadays comply with Energy-Star standards. Kitchen gadgets that are designed to conserve energy while making cooking more efficient are gaining popularity.
| Attribute | Details |
|---|---|
| Built-in Large Cooking Appliances Market Estimated Size (2023) | US$ 12.2 Billion |
| Built-in Large Cooking Appliances Market Projected Size (2033) | US$ 21.8 Billion |
| Built-in Large Cooking Appliances Market Value-based CAGR (2023 to 2033) | ~5.9% |
| Built-in Large Cooking Appliances Top Player Market Share (2021) | ~10% to 15% |
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Demand for built-in large cooking appliances is forecast to surge at a steady 5.9% CAGR, in comparison with approximately 4.5% CAGR registered between 2018 and 2022.
The incorporation of advanced electronic features into modern kitchen appliances have enabled these gadgets for improved efficiency. There are modular kitchens in houses of people with low- and medium-income. In addition to saving space, built-in cooking appliances perform their primary functions. With increasing number of people living in compact houses, demand for such appliances is expected to surge.
The aesthetics of the cooking area are further enhanced by the seamless integration of built-in kitchen equipment. Cleaning and maintaining such built-in kitchen equipment is easy with major brands offering auto-cleaning systems that are embedded in such appliances. A growing number of built-in kitchen appliance manufacturers are labelling their products as ‘energy-efficient’ to keep up with the trend of sustainability.
With high-end technology being incorporated in built-in kitchen appliances they are becoming increasingly sophisticated. To give the kitchen a more sophisticated appeal, various brands are offering multiple colour choices in the cabinet areas and adding additional textures and unique materials.
The number of women in the workforce is on the rise across the world. In addition, women spend time outside of their homes and workplaces. Women's place in the kitchen is gradually disappearing from urban society, as males do their share of domestic tasks. Furthermore, as disposable income and buying power rises, more people are choosing to live in high-end homes. In addition, the number of nuclear families is on the rise in every area.
Modern retail formats including malls, supermarkets, and hypermarkets have seen an increase in customers’ walk-ins. The built-in kitchen appliance business is thus increasingly focused on obtaining this retail space. All of the major manufacturers in this industry are striving for supremacy by developing cutting-edge appliances for the integrated kitchen. Such factors are alternatively leading to increased sales of built-in large cooking appliances.
Growing preference for energy-efficient appliances and rising health and safety concerns are the major factors driving the growth of the target market. Additionally, supportive government programs to promote energy-efficient appliances are creating new opportunities for cooking appliances manufacturers. The market leaders anticipate that the rising demand for smart homes will bring them considerable growth prospects.
For instance, in 2022, Samsung Electronics has announced a sustainable development plan that will accelerate the development of environmentally friendly home appliances by increasing the use of recycled plastic in home appliances. In the near future, energy saving and smart home appliances will continue to exist and eventually become the direction of industry development.
| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 6.0% |
| Jul to Dec (H2), 2021 (A) | 5.7% |
| Jan to Jun (H1), 2022 Projected (P) | 6.1% |
| Jan to Jun (H1), 2022 Outlook (O) | 6.7% |
| Jul to Dec (H2), 2022 Outlook (O) | 6.4% |
| Jul to Dec (H2), 2022 Projected (P) | 5.8% |
| Jan to Jun (H1), 2023 Projected (P) | 6.0% |
| BPS Change: H1, 2022 (O) to H1, 2022 (P) | (+) 61 |
| BPS Change: H1, 2022 (O) to H1, 2021 (A) | (+) 67 |
| BPS Change: H2, 2022 (O) to H2, 2022 (P) | (+) 58 |
| BPS Change: H2, 2022 (O) to H2, 2021 (P) | (-) 64 |
Principal Consultant
| Country | USA |
|---|---|
| Market Share (2023) | 25.1% |
| Market Share (2033) | 22.3% |
| BPS Analysis | (-) 280 |
| Country | India |
|---|---|
| Market Share (2023) | 4.5% |
| Market Share (2033) | 5.2% |
| BPS Analysis | (+) 70 |
| Country | Australia |
|---|---|
| Market Share (2023) | 3.2% |
| Market Share (2033) | 3.7% |
| BPS Analysis | (+) 50 |
“Increased Consumer Awareness of Green Technology”
The USA has been a promising market for built-in large cooking appliances, the country is expected to witness a significant market growth by the end of 2032. The market for built-in kitchen appliances in the USA is being driven by rising demand for modern kitchens with novel features and increased consumer awareness of green technology.
Built-in ovens are becoming more hygienic and innovative as technologies such as automation, self-cleaning, and touch control are introduced, keeping them dust-free and safe from external damage. Further, to cook ideal meals, the temperature can be adjusted at a specific levels. Built-in hobs are put at the same level as the kitchen cooktops to give the kitchen a more aesthetically attractive appearance.
Increase in Demand for High-end Products
China has been a promising market for built-in large cooking appliances, the built-in large cooking appliances market in the region is estimated to reach a significant value by the end of 2032. The increasing demand from domestic sector for high-end products as China's living standards rises, is motivating players to launch more of high-end and unique products.
China is one of the market leader in terms of technology adaption for appliances. Quality, look, and functionality are highly important to buyers in the region. Companies in this area have dedicated themselves to producing a variety of products with various functionalities as well as technological innovation in order to meet customer needs.
Change in Consumer Habits
In South Asia, India is one of the most prominent market for built-in large cooking appliances. The consumer habits are changing, and customers are becoming more aware of the advantages of using built-in large cooking machines.
India's built-in kitchen appliances market is being driven by a growing working population, a rising female workforce, and an expanding middle-class population. Built-in ovens are becoming more popular in India than traditional ovens due to its easy cleaning ability, energy-saving feature, etc. Various such factors are leading to surge in volume of sales of built-in large cooking appliances in India.
Growth in Urbanization is Contributing to the Sales for Cooktops
The market is anticipated to develop because of the popularity of energy-efficient cooktops and other attributes like temperature range, safety, durability, and quick setup. Home induction cooktops are high-end kitchen equipment that may be used to fry or cook food. Also growing urbanization, as well as newly released kitchen equipment with improved safety features, are all contributing towards the increased use of built-in Induction cooktops.
Built-in ovens and cooking hoods are among the equipment that are being driven by the growing popularity of western kitchen styles. Western-style kitchen appliances help to eliminate unpleasant concerns like cooking smoke and promote safe and healthy cooking practices. Manufacturers in the industry are focusing on advanced technology improvements such as flameless cooking and temperature control development and is anticipated to contribute towards the increased volume of sales of large cooking appliances.
Increased spending in Commercial Areas on Built-in Kitchen Cooking Appliances.
Restaurant operators are being encouraged to modernize their facilities and provide better services as consumer spending on tourism and the hospitality sector grows. As a result, rising demand for the installation of improved kitchen equipment in commercial areas is likely to boost market growth.
Furthermore, as end-user industries become more aware of the benefits of energy-efficient commercial kitchen equipment, demand for built-in large cooking appliances in the commercial sector is expected to rise significantly. Furthermore, favorable government policies are encouraging the use of energy-efficient commercial kitchen equipment and are likely to boost commercial kitchen appliance sales, reducing energy usage.
Easily Availability of Products at Low Price
Online shopping is getting more and more preferred by customers of residential kitchen appliances because of its convenience and low prices. In recent years, online revenue might exceed that of physical retailers, posing a greater threat to business owners. As a result, merchants are increasing adapting to the shifting environment.
However, physical retail stores will still be a destination for people who want to stock up on their cooking equipment. The products are readily available for consumers to examine upfront, so some have the tendency to buy other kitchen items on impulse while in a physical store. Customers may be hesitant to purchase an item online if they see it being sold through an e-commerce website. Many probably might examine the item in person before making a final choice.
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Energy-efficient appliances are being developed by market participants by examining new raw material and production options, as well as novel thermal element designs. Some of the biggest companies in the market are always updating their product line with the most cutting-edge technology. A significant portion of their R&D budgets is going into developing new products that use cutting-edge technology like artificial intelligence (AI) and the internet of things (IoT).
For Instance,
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; MEA |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Benelux, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Product Type, Application, Sales Channel, Region |
| Key Companies Profiled | Samsung Electronics Co. Ltd.; Morphy Richards; LG Electronics Inc.; Whirlpool Corporation; Hitachi Appliances Inc.; Koninklijke Philips N.V.; AB Electrolux; Haier Group Corporation; GE Appliances; Robert Bosch GmbH; Others (on request) |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at US$ 12.2 billion in 2023.
Samsung Electronics Co. Ltd., and Morphy Richards are key market players.
From 2018 to 2022, the market registered a CAGR of 4.5%.
Surging disposable income to boost the market prospects.
Built-in cooktops segment is likely to remain preferred through 2033.
1. Executive Summary | Built-In Large Cooking Appliances Market
1.1. Global Market Outlook
1.2. Summary of Key Statistics
1.3. Summary of Key Findings
1.4. Product Evolution Analysis
1.5. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Winning Themes
3.3. Key Product Development Trends
3.3.1. Product Launches
3.3.2. Acquisition & Mergers
3.3.3. Expansion
4. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Volume (‘000 Units) Analysis, 2018 to 2022
4.2. Current and Future Market Volume (‘000 Units) Projections, 2023 to 2033
4.3. Y-o-Y Growth Trend Analysis
5. Global Market - Pricing Analysis
5.1. Regional Pricing Analysis By Product Type
5.2. Pricing Break-up
5.2.1. Manufacturer Level Pricing
5.2.2. Distributor Level Pricing
5.3. Global Average Pricing Analysis Benchmark
6. Global Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
6.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022
6.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Market Background
7.1. Macro-Economic Factors
7.1.1. Global GDP Growth Outlook
7.1.2. Global Industry Value Added
7.1.3. Global Consumer Spending Outlook
7.1.4. Global E-Commerce Industry Outlook
7.1.5. Other Key Macro-Economic Factors
7.2. Industry Value and Supply Chain Analysis
7.3. Forecast Factors - Relevance & Impact
7.3.1. Top Companies Historical Growth
7.3.2. Global Population Growth Outlook
7.3.3. Other Key Forecast Factors
7.4. PESTLE Analysis of Market
7.5. Porter’s Five Force
7.6. Investment Feasibility Analysis
7.7. Market Dynamics
7.7.1. Drivers
7.7.2. Restraints
7.7.3. Opportunity Analysis
7.8. Consumer Sentiment Analysis
7.9. Social Media Sentiment Analysis
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) and Volume Analysis By Product Type, 2018 to 2022
8.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Type, 2023 to 2033
8.3.1. Built-in Cooktops
8.3.2. Built-in Oven
8.3.3. Others
8.4. Market Attractiveness Analysis By Product type
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2018 to 2022
9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Application, 2023 to 2033
9.3.1. Commercial
9.3.2. Residential
9.4. Market Attractiveness Analysis By Application
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Sales Channel
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) and Volume Analysis By Sales Channel, 2018 to 2022
10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast Sales Channel, 2023 to 2033
10.3.1. Wholesalers/Distributors
10.3.2. Multi-Brand Stores
10.3.3. Specialty Stores
10.3.4. Hypermarket/Supermarkets
10.3.5. Online Retailers
10.3.6. Other Sales Channel
10.4. Market Attractiveness Analysis By Sales Channel
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
11.1. Introduction
11.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2018 to 2022
11.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2023 to 2033
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. East Asia
11.3.5. South Asia
11.3.6. Oceania
11.3.7. MEA
11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
12.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
12.4.1. By Country
12.4.1.1. USA
12.4.1.2. Canada
12.4.2. By Product Type
12.4.3. By Application
12.4.4. By Sales Channel
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Product Type
12.5.3. By Application
12.5.4. By Sales Channel
12.6. Market Trends
12.7. Key Market Participants - Intensity Mapping
12.8. Drivers and Restraints - Impact Analysis
13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
13.4.1. By Country
13.4.1.1. Brazil
13.4.1.2. Mexico
13.4.1.3. Argentina
13.4.1.4. Rest of Latin America
13.4.2. By Product Type
13.4.3. By Application
13.4.4. By Sales Channel
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Product Type
13.5.3. By Application
13.5.4. By Sales Channel
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis
14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
14.4.1. By Country
14.4.1.1. United Kingdom
14.4.1.2. France
14.4.1.3. Germany
14.4.1.4. Italy
14.4.1.5. Spain
14.4.1.6. Rest of Europe
14.4.2. By Product Type
14.4.3. By Application
14.4.4. By Sales Channel
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Product Type
14.5.3. By Application
14.5.4. By Sales Channel
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis
15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
15.4.1. By Country
15.4.1.1. China
15.4.1.2. Japan
15.4.1.3. South Korea
15.4.2. By Product Type
15.4.3. By Application
15.4.4. By Sales Channel
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Product Type
15.5.3. By Application
15.5.4. By Sales Channel
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis
16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
16.4.1. By Country
16.4.1.1. India
16.4.1.2. Indonesia
16.4.1.3. Malaysia
16.4.1.4. Thailand
16.4.1.5. Rest of South Asia
16.4.2. By Product Type
16.4.3. By Application
16.4.4. By Sales Channel
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Product Type
16.5.3. By Application
16.5.4. By Sales Channel
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
17.4.1. By Country
17.4.1.1. Australia
17.4.1.2. New Zealand
17.4.2. By Product Type
17.4.3. By Application
17.4.4. By Sales Channel
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Product Type
17.5.3. By Application
17.5.4. By Sales Channel
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis
18. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
18.4.1. By Country
18.4.1.1. GCC Countries
18.4.1.2. South Africa
18.4.1.3. North Africa
18.4.1.4. Rest of MEA
18.4.2. By Product Type
18.4.3. By Application
18.4.4. By Sales Channel
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Product Type
18.5.3. By Application
18.5.4. By Sales Channel
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis
19. Market Structure Analysis
19.1. Market Analysis by Tier of Companies (Built-in Large Cooking Appliances)
19.2. Market Concentration
19.3. Market Share Analysis of Top Players
19.4. Market Presence Analysis
19.4.1. By Regional Footprint of Players
19.4.2. Product Footprint by Players
19.4.3. Channel Footprint by Players
20. Competition Analysis
20.1. Competition Dashboard
20.2. Pricing Analysis by Competition
20.3. Competition Benchmarking
20.4. Competition Deep Dive
20.4.1. Samsung Electronics Co. Ltd
20.4.1.1. Overview
20.4.1.2. Product Portfolio
20.4.1.3. Profitability by Market Segments (Product/Application/Channel/Region)
20.4.1.4. Sales Footprint
20.4.1.5. Strategy Overview
20.4.2. Samsung Electronics Co. Ltd
20.4.2.1. Overview
20.4.2.2. Product Portfolio
20.4.2.3. Profitability by Market Segments (Product/Application/Channel/Region)
20.4.2.4. Sales Footprint
20.4.2.5. Strategy Overview
20.4.3. Morphy Richards
20.4.3.1. Overview
20.4.3.2. Product Portfolio
20.4.3.3. Profitability by Market Segments (Product/Application/Channel/Region)
20.4.3.4. Sales Footprint
20.4.3.5. Strategy Overview
20.4.4. LG Electronics Inc.
20.4.4.1. Overview
20.4.4.2. Product Portfolio
20.4.4.3. Profitability by Market Segments (Product/Application/Channel/Region)
20.4.4.4. Sales Footprint
20.4.4.5. Strategy Overview
20.4.5. Whirlpool Corporation
20.4.5.1. Overview
20.4.5.2. Product Portfolio
20.4.5.3. Profitability by Market Segments (Product/Application/Channel/Region)
20.4.5.4. Sales Footprint
20.4.5.5. Strategy Overview
20.4.6. Hitachi Appliances Inc.
20.4.6.1. Overview
20.4.6.2. Product Portfolio
20.4.6.3. Profitability by Market Segments (Product/Application/Channel/Region)
20.4.6.4. Sales Footprint
20.4.6.5. Strategy Overview
20.4.7. Koninklijke Philips N.V.
20.4.7.1. Overview
20.4.7.2. Product Portfolio
20.4.7.3. Profitability by Market Segments (Product/Application/Channel/Region)
20.4.7.4. Sales Footprint
20.4.7.5. Strategy Overview
20.4.8. AB Electrolux
20.4.8.1. Overview
20.4.8.2. Product Portfolio
20.4.8.3. Profitability by Market Segments (Product/Application/Channel/Region)
20.4.8.4. Sales Footprint
20.4.8.5. Strategy Overview
20.4.9. Haier Group Corporation
20.4.9.1. Overview
20.4.9.2. Product Portfolio
20.4.9.3. Profitability by Market Segments (Product/Application/Channel/Region)
20.4.9.4. Sales Footprint
20.4.9.5. Strategy Overview
20.4.10. GE Appliances
20.4.10.1. Overview
20.4.10.2. Product Portfolio
20.4.10.3. Profitability by Market Segments (Product/Application/Channel/Region)
20.4.10.4. Sales Footprint
20.4.10.5. Strategy Overview
20.4.11. Robert Bosch GmbH
20.4.11.1. Overview
20.4.11.2. Product Portfolio
20.4.11.3. Profitability by Market Segments (Product/Application/Channel/Region)
20.4.11.4. Sales Footprint
20.4.11.5. Strategy Overview
20.4.12. Others (on request)
20.4.12.1. Overview
20.4.12.2. Product Portfolio
20.4.12.3. Profitability by Market Segments (Product/Application/Channel/Region)
20.4.12.4. Sales Footprint
20.4.12.5. Strategy Overview
21. Assumptions and Acronyms Used
22. Research Methodology
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Built-in Large Cooking Appliance Market
