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 |
Principal Consultant
| 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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Freestanding Large Cooking Appliance Market
