Sun, 27 Nov 2022

The global built-in large cooking appliances market is anticipated to reach a value of $11.6 billion by 2022. Market size is anticipated to grow at a 5.9% CAGR, reaching US$ 20.6 Bn by 2032.

Consumers are being encouraged to use contemporary appliances through smart home technologies. Cookware with touchscreens, cameras, and Wi-Fi connections have grown in prominence because to connectivity and voice assistants. Smartphones may be used to remotely control and monitor a variety of smart home appliances.

Consumer awareness of the daily increases in energy use by kitchen equipment is growing. This is encouraging people to choose appliances with the Energy-Star rating. A growing number of people are using kitchen appliances that are intended to save energy while improving cooking efficiency.

The market is anticipated to be driven by technological developments such as the advent of smart kitchen appliances that can be operated remotely. The need for such equipment for a clean, oil-free, and healthy cooking experience will rise as people become more health-conscious.

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Key Takeaways:

  • Based on product type, demand for built-in cooktops is expected to gain momentum in the forthcoming years.
  • In terms of end use, sales in the commercial segment will remain high through 2032.
  • By sales channel, the online segment will account for a dominant share in the market over the forecast period.
  • The U.S. will continue dominating the North America built-in large cooking appliances market owing to high adoption of smart kitchen equipment.
  • China is expected to emerge as a lucrative pocket in the East Asia market due to surging demand for compact kitchen products.
  • India will account for a dominant share in the South Asia built-in large cooking appliances market owing to growing demand for energy-efficient kitchen equipment.

Competitive Landscape

Leading players operating in the market are investing in research and development to launch energy-efficient kitchen appliances to improve sales.

Key players in the built-in large cooking appliances market are 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, and Robert Bosch GmbH.

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Built-In Large Cooking Appliances Market By Category

Product Type:

  • Built-in Cooktops
  • Built-in Ovens
  • Others

By Application:

  • Commercial
  • Residential

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By Sales Channel:

  • Wholesalers/Distributors
  • Multi-Brand Stores
  • Specialty Stores
  • Hypermarket/Supermarkets
  • Online Retailers
  • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East and Africa (MEA)

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The post Built-In Large Cooking Appliances Market Will Top US$ 20.6 Bn by 2032 as the Adoption of Smart Modular Kitchens Continues to Grow appeared first on Future Market Insights.

Original Source of the original story >> Built-In Large Cooking Appliances Market Will Top US$ 20.6 Bn by 2032 as the Adoption of Smart Modular Kitchens Continues to Grow

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