The global freestanding large cooking appliances market is anticipated to reach US$ 29,700.4 Million by 2032, at a CAGR of 4.3% from 2022 to 2032, from an estimated US$ 19,494.8 Million in 2022. In the market for kitchen appliances, the demand share for freestanding large cooking appliances is between 15% and 20%.
Modern kitchen machines have gotten smarter because of electronic abilities. People are liking modular kitchens more and more because they have built in appliances that work well. People who make things keep adding new features, making them easier for everyone to use.
Big shops like malls, supermarkets and megastores are getting more common nowadays. Because of this trend, people who make kitchen appliances alone are making money and working with these users.
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Also, several manufacturers in this industry are developing cutting-edge appliances and services for the kitchen. Innovations in technology, such as the development of attractive, complex kitchen equipment that can be controlled via an app, are accelerating the demand in the market. As an increasing number of individuals are concerned about their personal health, the market for tranquil and clean kitchen appliances is increasing rapidly.
Key Takeaways from the Freestanding Large Cooking Appliances Market Study
- By sales channel, online retailers segment is projected to gain traction over the assessment period
- India is expected to dominate the South Asia freestanding large cooking appliances market though 2032
- The U.S. is expected to account for significant share in the global freestanding large cooking appliances market
- In terms of product type, the freestanding hobs segment will witness highest growth over the forecast period
- Based on application, the commercial segment will grow at a fastest rate through 2022 & beyond
Who is winning?
Energy-efficient goods are being developed by market participants by examining new raw material and production options, as well as novel thermal element designs. Some of the biggest companies on the market are always updating their product line with the most cutting-edge and cutting-edge technology. A significant portion of their R&D budgets is going into developing new products that take use of cutting-edge technology like artificial intelligence (AI) and the internet of things (IoT).
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Major players present in the freestanding 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.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global freestanding large cooking appliances market, presenting historical demand data (2015-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the freestanding large cooking appliances market based on the product type (Freestanding hobs, Freestanding Ovens, others), application (residential and commercial), sales channel (hypermarkets/ supermarkets, convenience stores, online markets and others) across seven major regions.
Freestanding Large Cooking Appliances Market by Category
Product Type:
- Freestanding Hobs
- Freestanding Ovens
- Others
By Application:
- Residential
- Commercial
Sales Channel:
- Wholesalers/Distributors
- Multi-Brand Stores
- Specialty Stores
- Hypermarket/Supermarkets
- Online Retailers
- Other Sales Channel
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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