The Household Cooking Appliance Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Household Cooking Appliance Global Market Report 2024, The household cooking appliance market size has grown strongly in recent years. It will grow from $136.89 billion in 2023 to $147.49 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to electrification of households, changing lifestyles, energy efficiency and safety standards, rising home improvement costs, adoption of modular kitchens.
The household cooking appliance market size is expected to see strong growth in the next few years. It will grow to $193.36 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to smart home integration, sustainability and energy efficiency, health and wellness trends, increased home cooking, urbanization and smaller living spaces. Major trends in the forecast period include induction cooking, multifunctional appliances, sustainable materials, voice and app control, retro and vintage designs.
The growing popularity of energy-efficient cooking appliances is expected to increase the demand for electric stoves. The cooking efficiency of electric stoves is high when compared to gas cooktops as the majority of the heat energy through gas cooktops is not transferred while cooking. Electric stoves are designed to consume minimum energy and provide easy temperature control. For instance, with the introduction of energy-efficient appliances, the US government is spending 56% less on energy requirements thereby reducing emissions.
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The household cooking appliance market covered in this report is segmented –
1) By Product: Electric Stoves; Microwave Ovens; Barbecues And Grills; Others – Household Cooking Appliance
2) By Fuel Type: Cooking Gas; Electricity
3) By Application: Household; Commercial
The household cooking appliance market report table of contents includes:
1. Executive Summary
2. Household Cooking Appliance Market Characteristics
3. Household Cooking Appliance Market Trends And Strategies
4. Household Cooking Appliance Market – Macro Economic Scenario
5. Global Household Cooking Appliance Market Size and Growth
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31. Global Household Cooking Appliance Market Competitive Benchmarking
32. Global Household Cooking Appliance Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Household Cooking Appliance Market
34. Household Cooking Appliance Market Future Outlook and Potential Analysis
35. Appendix
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