Large Cooking Appliance Market Size and Forecast 2024-2033|Samsung Electronics Co. Ltd., Whirlpool Corporation, Koninklijke Philips N.V., Haier Group Corporation, Robert Bosch GmbH

Overview and Scope

Large cooking appliances refer to cooktops, ovens, and specialty appliances like grills, steamers, and fryers. Large cooking appliances are used to prepare food in huge kitchens.

Sizing and Forecast

The large cooking appliance market size has grown strongly in recent years. It will grow from $32.47 billion in 2023 to $34.99 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to shifting consumer lifestyles, design and aesthetics, consumer health awareness, urbanization and space constraints, product customization and personalization.

The large cooking appliance market size is expected to see strong growth in the next few years. It will grow to $46.69 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to global economic conditions, enhanced safety features, customizable options, urban living solutions, influence of culinary trends.. Major trends in the forecast period include smart kitchen integration, energy efficiency demands, health and wellness trends, design and aesthetics, increased cooking convenience.

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Segmentation & Regional Insights

The large cooking appliance market covered in this report 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 2023. The regions covered in the large cooking appliance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The growth in urbanization is expected to propel the growth of the large cooking appliances market going forward. Urbanization refers to the mass movement of populations from rural areas to urban areas. The total number of large cooking appliances rises because of urbanization, income growth, and smaller households, hence growing urbanization is boosting the large cooking appliances market. For instance, in October 2022, the World Bank, a USA-based international financial institution published an article that said globally, over 50% of the population lives in urban areas in 2022. By 2045, the world’s urban population is expected to increase by 1.5 times to 6 billion. Therefore, Therefore, the growth in urbanization is driving the large cooking appliances market.

Key Industry Players

Major companies operating in the large cooking appliance market report are Samsung Electronics Co. Ltd., Whirlpool Corporation, Koninklijke Philips N.V., Haier Group Corporation, Robert Bosch GmbH, Morphy Richards, Hitachi Appliances Inc., AB Electrolux, GE Appliances, LG Electronics Inc., BSH Hausgeräte GmbH, Panasonic Corporation, Fisher & Paykel Appliances Co. Ltd., SMEG S.p.A, Miele & Cie. KG, KitchenAid, Thermador Groupe SA, Dacor LLC, Wolf Appliance, Smalterie Metallurgiche Emiliane Guastalla, La Cornue, Bertazzoni SPA, ILVE SPA, Sub-Zero Inc., BlueStar Ltd., Capital Cooking Equipment, Tecnogas Superiore, American Range, Zephyr Ventilation, AGA Rangemaster Ltd.

The large cooking appliance market report table of contents 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. Global Large Cooking Appliance Market Size and Growth

26. South America Large Cooking Appliance Market

27. Brazil Large Cooking Appliance Market

28. Middle East Large Cooking Appliance Market

29. Africa Large Cooking Appliance Market

30. Large Cooking Appliance Market Competitive Landscape And Company Profiles

Top Major Players: