The Large Cooking Appliance Global Market Report 2023, provides comprehensive information on the large cooking appliance market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global large cooking appliance market size is expected to grow from $30.36 billion in 2022 to $32.72 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global large cooking appliance is expected to grow to $43.09 billion in 2027 at a CAGR of 7.1%.
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Product innovations have emerged as the key trend gaining popularity in the Large Cooking appliance market. Major companies operating in the Large Cooking appliance market are developing innovative products to strengthen their position in the market. For instance, in 2022, Samsung, a Korea-based producer of electronic devices launched Bespoke AI (artificial intelligence) Oven. Bespoke AI Oven’s unique characteristics include intelligent elements that improve the enjoyment of wholesome food. Using image-oriented food recognition technology, AI Pro Cooking5, 6 optimizes oven cook settings while keeping an eye on food to avoid meals from becoming overcooked. To make nourishing and delicious steamed dishes, the Bespoke AI Oven has a variety of steam cooking options.
The large cooking appliance market is segmented:
1) By Product: Cooktops, Ovens, Specialized Appliances
2) By Sales Channel: Brick And Mortar, E-Commerce
3) By Application: Household, Commercial
Asia-Pacific was the largest region in the large cooking appliance market in 2022.
The table of contents in TBRC’s large cooking appliance market report includes:
1. Executive Summary
2. Large Cooking Appliance Market Characteristics
3. Large Cooking Appliance Market Trends And Strategies
4. Large Cooking Appliance Market – Macro Economic Scenario
5. Large Cooking Appliance Market Size And Growth
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26. Africa Large Cooking Appliance Market
27. Large Cooking Appliance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Large Cooking Appliance Market
29. Large Cooking Appliance Market Future Outlook and Potential Analysis
30. Appendix
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