As per newly released data by Future Market Insights (FMI), the freestanding large cooking appliance market is estimated at US$ 20,333.0 Million in 2023, and is projected to reach US$ 30,977.5 Million by 2033, at a CAGR of 4.3% from 2023 to 2033. Share of freestanding large cooking appliance market in its parent market (kitchen appliance market) is approximately ~15%-20%.
Modern kitchen appliances have gained valuable electronic capabilities that allow them to become smarter. Integrated appliances are so efficient that modular kitchens can be found in even the poorest homes. Makers are continually allowing for more integrated fixtures, making it possible for all people to obtain them. As the population of people living in closely packed dwellings continues to rise, the importance these appliances has steadily increased.
The number of women in the labour market is on the rise around the world. In addition, there is less domestic engagement by women, as they are less frequently interacting with the male aspect of the household. The role played by women in the kitchen in urban society is gradually diminishing. As income increases and buying power is asserted, more people intend to live in luxury homes. Additionally, nuclear families are increasing all the time.
Attribute | Details |
---|---|
Freestanding Large Cooking Appliances Market Estimated Size (2023E) | US$ 20,333.0 Million |
Freestanding Large Cooking Appliances Market Projected Size (2033F) | US$ 30,977.5 Million |
Freestanding Large Cooking Appliances Market Value-based CAGR (2023 to 2033) | ~4.3% |
Freestanding Large Cooking Appliances Market Top Players market Share, 2022 | 20%-25% |
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According to Future Market Insights (FMI), demand for freestanding large cooking appliances is forecast to surge at a steady 4.3% CAGR over the forecast period (2023 to 2033), in comparison with around 3.5% CAGR registered between 2018 and 2022.
Electronic elements are being integrated into modern kitchen equipment, as demand for smart appliances surges. Freestanding large kitchen appliances accomplish their basic responsibilities in addition to adjusting in multiple spaces.
These freestanding cooking appliances are becoming increasingly significant as the number of people living in small households increases as a result of expanding population. The seamless integration of these freestanding large cooking kitchen equipment enhances the beauty of the cooking area even more.
It is simple to clean and maintain such freestanding large cooking kitchen equipment. Hence, freestanding large cooking kitchen appliance manufacturers are putting energy-efficiency labels on their products.
These freestanding large cooking appliances offer several colour chokes in the cabinet sections, as well as extra textures and distinctive materials, to give the kitchen a more sophisticated aspect.
To capitalize on this emerging trend, several large construction companies, interior designers, and producers of freestanding large kitchen appliances are collaborating. Backed by these, the market of freestanding large cooking kitchen appliances is gaining traction.
Preference for modern retail stores such as malls, supermarkets, and hypermarkets have increased. As a result, the freestanding large cooking kitchen equipment industry is increasingly concentrating on getting this retail space.
Several industry's top players are competing for supremacy by producing cutting-edge integrated kitchen appliances. These are the several factors driving the demand in the market for freestanding large cooking kitchen appliances.
Major factors that influence the market demand for cooking appliances include growing number of nuclear families and working women, introduction of smart appliances, and availability of energy-saving alternatives. Additionally, transformation of kitchen appliances, from conventional or microwaves to integrated systems, and advancement of kitchen equipment with the loT technology are also expected to drive the market for cooking appliances during the forecast period.
Industrial players are investing heavily in R&D to develop efficient equipment with advanced features and higher aesthetic value, which is expected to positively impact the market growth. Due to the increased demand for appliances which reduces cooking time and ease the stress of food preparation, the demand for improved kitchen appliances is also increasing. Busy schedules, especially in urban areas and rising working class, may positively affect the development of the target market in the coming years
Retail sales of smart appliances, particularly cooking appliances is increasing in many major nations throughout the world, which is a primary driving force behind the market for built-in large cooking appliances.
Furthermore, given the current trend of luxury kitchen setups, in which consumers aspire to include high-tech appliances into their kitchens and families, a premium built-in large cooking appliances with additional features like connectivity is an excellent alternative for consumers
Market Statistics | Details |
---|---|
Jan to Jun (H1), 2021 (A) | 4.6% |
Jul to Dec (H2), 2021 (A) | 4.1% |
Jan to Jun (H1), 2022 Projected (P) | 4.6% |
Jan to Jun (H1), 2022 Outlook (O) | 5.1% |
Jul to Dec (H2), 2022 Outlook (O) | 4.6% |
Jul to Dec (H2), 2022 Projected (P) | 4.2% |
Jan to Jun (H1), 2023 Projected (P) | 4.4% |
BPS Change: H1, 2022 (O) to H1, 2022 (P) | (+) 46 |
BPS Change: H1, 2022 (O) to H1, 2021 (A) | (+) 51 |
BPS Change: H2, 2022 (O) to H2, 2022 (P) | (+) 42 |
BPS Change: H2, 2022 (O) to H2, 2021 (P) | (-) 46 |
Country | USA |
---|---|
Market Share (2023) | 26.1% |
Market Share (2033) | 20.0% |
BPS Analysis | (-) 608 |
Country | Germany |
---|---|
Market Share (2023) | 5.3% |
Market Share (2033) | 4.5% |
BPS Analysis | (-) 82 |
Country | India |
---|---|
Market Share (2023) | 2.5% |
Market Share (2033) | 4.4% |
BPS Analysis | (+) 195 |
Increasing Need for Convenient Products to Push Freestanding Large Cooking Appliances Sales
Residential building and remodeling activity has increased in the USA as a result of low financing rates and the trend toward internet commerce, as per FMI.
The demand for industry products is projected to be primarily influenced by the increasing number of corporate population. As this demographic appreciates convenience, spending on online kitchen appliances might increase.
Urbanization in India and Metro Cities to Create Conducive Environment for Freestanding Large Cooking Appliance Manufacturers
With increasing urbanization and number of nuclear families, sales of industrial and consumer products in specialty stores and e-commerce surged. Another factor driving the sales is the market for kitchen equipment is the development in metro cities with increasing disposable income.
Rising Innovation in Design of Freestanding Large Cooking Appliances to Propel the Demand
Several home goods manufacturers in China sell high-end kitchen appliances in the country. Consumer awareness in the kitchen appliance industry is growing with a focus on design and function, and their willingness to pay is decreasing.
As customers become more environmentally concerned, demand for freestanding large cooking appliances and environmentally friendly products is also growing.
Freestanding Large Cooking Hobs to Remain Highly Sought-After
Kitchen hobs are one of the most common pieces of cooking equipment, and are gaining traction across the globe. Development of temperature sensing technologies, which immediately shuts the gas valve once a gas bubble is detected is the key factor propelling the demand.
Hence, manufacturers of hobs are concentrating on making their products more efficient and user-friendly while also boosting performance to give customers a better cooking experience: resulting in higher demand for hobs.
Sales of Freestanding Large Cooking Appliances in Commercial Sector to Surge
Sales of freestanding large cooking appliance in commercial sector is increasing due to their consistency, efficiency and passivity. Demand in restaurants to run their place successfully is boosting the market.
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Investors are experimenting with novel materials and production procedures in order to save energy and increase the performance of their thermal elements. Manufacturers with vast consumer bases must stay current with industry advancements by staying informed about new technology and revamping their product lines.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | US$ Million/Billion 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$ 20,333 million in 2023.
AB Electrolux, Haier Group Corporation, and GE Appliances are key market players.
Kitchen hobs is the most common pieces of cooking equipment.
The market is estimated to reach US$ 30,977.5 Million by 2033.
Rising innovation in the design of cooking appliances propels the demand.
1. Executive Summary | Freestanding Large Cooking Appliance 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. Key Regulations 4.1. Packaging & Labelling Regulations 4.2. Certifications (Organic) 4.3. Import/Export Regulations 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 5.1. Historical Market Volume (‘000 Units) Analysis, 2018 to 2022 5.2. Current and Future Market Volume (‘000 Units) Projections, 2023 to 2033 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Regional Pricing Analysis By Price Range 6.2. Pricing Break-up 6.2.1. Manufacturer Level Pricing 6.2.2. Distributor Level Pricing 6.3. Global Average Pricing Analysis Benchmark 7. Global Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022 7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.1.1. Global GDP Growth Outlook 8.1.2. Global Industry Value Added 8.1.3. Global Consumer Spending Outlook 8.1.4. Global E-Commerce Industry Outlook 8.1.5. Other Key Macro-Economic Factors 8.2. Industry Value and Sales Channel Analysis 8.3. Forecast Factors - Relevance & Impact 8.3.1. Top Companies Historical Growth 8.3.2. Global Population Growth Outlook 8.3.3. GDP Growth Rate Analysis 8.3.4. Other Key Forecast Factors 8.4. PESTLE Analysis of Market 8.5. Porter’s Five Force 8.6. Investment Feasibility Analysis 8.7. Market Dynamics 8.7.1. Drivers 8.7.2. Restraints 8.7.3. Opportunity Analysis 8.8. Consumer Sentiment Analysis 8.8.1. Which specific brand is preferred by the consumers and why? 8.8.2. Factors influencing market behaviour 8.8.3. Does social media influence customer’s decision making? 8.8.4. Which mode of advertisement does vendors prefer? 8.8.5. Which of the social media platforms does companies prefers for branding? 8.8.6. What are the key challenges associated with the market suppliers? 8.8.7. Others 8.9. Social Media Sentiment Analysis 8.9.1. Consumer perception for target products on social media platforms- Positive and Negative Mentions 8.9.2. Trending Brands 8.9.3. Trending #hashtags 8.9.4. Social Media Platform Mentions (% of total mentions) 8.9.5. Region-wise Social Media Mentions (% total mentions) 8.9.6. Trending Subject Titles 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product Type 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) and Volume Analysis By Product Type, 2018 to 2022 9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Type, 2023 to 2033 9.3.1. Freestanding Hobs 9.3.2. Ovens 9.3.3. Others 9.4. Market Attractiveness Analysis By Product type 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2018 to 2022 10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Application, 2023 to 2033 10.3.1. Residential 10.3.2. Commercial 10.4. Market Attractiveness Analysis By Application 10.5. Market Attractiveness Analysis By Application 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Sales Channel 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Million) and Volume Analysis By Sales Channel, 2018 to 2022 11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast Sales Channel, 2023 to 2033 11.3.1. Wholesalers/Distributors 11.3.2. Multi-Brand Stores 11.3.3. Specialty Stores 11.3.4. Hypermarket/Supermarkets 11.3.5. Online Retailers 11.3.6. Other Sales Channel 11.4. Market Attractiven0065ss Analysis By Sales Channel 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 12.1. Introduction 12.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2018 to 2022 12.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2023 to 2033 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. East Asia 12.3.5. South Asia 12.3.6. Oceania 12.3.7. MEA 12.4. Market Attractiveness Analysis By Region 13. North 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. US 13.4.1.2. Canada 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. Latin America 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. Brazil 14.4.1.2. Mexico 14.4.1.3. Argentina 14.4.1.4. Rest of Latin America 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. Europe 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. United Kingdom 15.4.1.2. France 15.4.1.3. Germany 15.4.1.4. Italy 15.4.1.5. Spain 15.4.1.6. Rest of Europe 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. East 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. China 16.4.1.2. Japan 16.4.1.3. South Korea 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. South Asia 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. India 17.4.1.2. Indonesia 17.4.1.3. Malaysia 17.4.1.4. Thailand 17.4.1.5. Rest of South Asia 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. Oceania 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. Australia 18.4.1.2. New Zealand 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. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19.1. Introduction 19.2. Pricing Analysis 19.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 19.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 19.4.1. By Country 19.4.1.1. GCC Countries 19.4.1.2. South Africa 19.4.1.3. North Africa 19.4.1.4. Rest of MEA 19.4.2. By Product Type 19.4.3. By Application 19.4.4. By Sales Channel 19.5. Market Attractiveness Analysis 19.5.1. By Country 19.5.2. By Product Type 19.5.3. By Application 19.5.4. By Sales Channel 19.6. Market Trends 19.7. Key Market Participants - Intensity Mapping 19.8. Drivers and Restraints - Impact Analysis 20. Market Structure Analysis 20.1. Market Analysis by Tier of Companies (Freestanding Large Cooking Appliances) 20.2. Market Concentration 20.3. Market Share Analysis of Top Players 20.4. Market Presence Analysis 20.4.1. By Regional Footprint of Players 20.4.2. Product Footprint by Players 20.4.3. Channel Footprint by Players 21. Competition Analysis 21.1. Competition Dashboard 21.2. Pricing Analysis by Competition 21.3. Competition Benchmarking 21.4. Competition Deep Dive 21.4.1. Samsung Electronics Co. LtdOverview 21.4.1.1. Product Portfolio 21.4.1.2. Profitability by Market Segments 21.4.1.3. Sales Footprint 21.4.1.4. Strategy Overview 21.4.2. Morphy Richards 21.4.2.1. Product Portfolio 21.4.2.2. Profitability by Market Segments 21.4.2.3. Sales Footprint 21.4.2.4. Strategy Overview 21.4.3. LG Electronics Inc. 21.4.3.1. Product Portfolio 21.4.3.2. Profitability by Market Segments 21.4.3.3. Sales Footprint 21.4.3.4. Strategy Overview 21.4.4. Whirlpool Corporation 21.4.4.1. Product Portfolio 21.4.4.2. Profitability by Market Segments 21.4.4.3. Sales Footprint 21.4.4.4. Strategy Overview 21.4.5. Hitachi Appliances Inc. 21.4.5.1. Product Portfolio 21.4.5.2. Profitability by Market Segments 21.4.5.3. Sales Footprint 21.4.5.4. Strategy Overview 21.4.6. Koninklijke Philips N.V. 21.4.6.1. Product Portfolio 21.4.6.2. Profitability by Market Segments 21.4.6.3. Sales Footprint 21.4.6.4. Strategy Overview 21.4.7. AB Electrolux 21.4.7.1. Product Portfolio 21.4.7.2. Profitability by Market Segments 21.4.7.3. Sales Footprint 21.4.7.4. Strategy Overview 21.4.8. Haier Group Corporation 21.4.8.1. Product Portfolio 21.4.8.2. Profitability by Market Segments 21.4.8.3. Sales Footprint 21.4.8.4. Strategy Overview 21.4.9. GE Appliances 21.4.9.1. Product Portfolio 21.4.9.2. Profitability by Market Segments 21.4.9.3. Sales Footprint 21.4.9.4. Strategy Overview 21.4.10. Robert Bosch GmbH 21.4.10.1. Product Portfolio 21.4.10.2. Profitability by Market Segments 21.4.10.3. Sales Footprint 21.4.10.4. Strategy Overview 21.4.11. Others (on request) 21.4.11.1. Product Portfolio 21.4.11.2. Profitability by Market Segments 21.4.11.3. Sales Footprint 21.4.11.4. Strategy Overview 22. Assumptions and Acronyms Used 23. Research Methodology
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