Large Cooking Appliance Global Market Report 2024

Description

Large Cooking Appliance Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on large cooking appliance market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for large cooking appliance? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The large cooking appliance market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Cooktops; Ovens; Specialized Appliances
2) By Sales Channel: Brick And Mortar; E-Commerce
3) By Application: Household; Commercial
Companies Mentioned: Samsung Electronics Co. Ltd.; Whirlpool Corporation; Koninklijke Philips N.V.; Haier Group Corporation; Robert Bosch GmbH
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Large cooking appliances encompass cooktops, ovens, and specialized devices like grills, steamers, and fryers. They serve the purpose of preparing food efficiently, primarily in expansive kitchen setups.

The primary offerings within the realm of large cooking appliances include cooktops, ovens, and specialized culinary tools. A cooktop denotes a flat cooking surface integrated into kitchen countertops, usually equipped with four heat sources that activate upon use. These products are distributed through various channels, encompassing brick-and-mortar stores and e-commerce platforms, catering to both household and commercial applications.

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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 expansion observed in the historical period can be credited to evolving consumer behaviors, emphasis on design and aesthetics, heightened consumer health consciousness, urban population growth and limited space availability, as well as the demand for tailored product experiences 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%. Anticipated growth in the upcoming period is expected to stem from worldwide economic factors, improved safety functionalities, increased customization opportunities, solutions tailored for urban living, and the impact of culinary preferences. Key trends projected for this period encompass the integration of smart kitchen technologies, rising demands for energy-efficient solutions, a focus on health and wellness, emphasis on design and aesthetics, and the pursuit of enhanced cooking convenience.

The expansion of urban areas is anticipated to drive the growth of the large cooking appliances market in the foreseeable future. Urbanization, characterized by the migration of populations from rural to urban locales, is identified as a significant contributor. The surge in urbanization, accompanied by income escalation and smaller household sizes, translates to an increased demand for large cooking appliances. As per the World Bank's October 2022 publication, more than half of the global population lived in urban settings in 2022, with projections indicating a 1.5-fold rise to 6 billion urban dwellers by 2045, signifying a substantial driver for the large cooking appliances market.

The projected increase in disposable income is poised to be a key factor propelling the growth of the large cooking appliance market. Disposable income, the residual household income after accounting for taxes, plays a pivotal role in determining consumer spending patterns. The correlation between disposable income and the adoption of large cooking appliances is evident, as higher disposable incomes often prompt individuals and households to invest in lifestyle improvements. Elevated disposable incomes, as highlighted in the Office of National Statistics' 2023 report, averaging a 0.7% annual increase from 2020 to 2022, are driving consumer preferences towards technologically advanced cooking appliances, facilitating convenience and catering to evolving culinary demands.

Innovation stands as a prominent trend shaping the landscape of the Large Cooking appliance market. Leading companies in this sector are prioritizing product innovation to fortify their market presence. Samsung's 2022 introduction of the Bespoke AI Oven exemplifies this trend. This oven incorporates innovative features, including AI-driven food recognition technology and AI Pro Cooking functionalities that optimize cooking settings while preventing overcooking. The appliance's diverse steam cooking options further enhance its appeal, showcasing the significance of product innovation in meeting consumer demands for wholesome and convenient cooking solutions.

Strategic collaborations and partnerships between major entities are becoming increasingly prevalent in bolstering positions within the market. Notably, in November 2021, Samsung, a prominent South Korea-based conglomerate, forged a partnership with Mindful Chef, a UK-based meal kit recipes and products company. This collaboration was aimed at supplying a range of kitchen appliances for Mindful Chef's studio and test kitchen, featuring Samsung's Infinite Line, Dual Cook Flex ovens, combi microwaves, and dishwashers. The strategic partnership was strategically crafted to align with Mindful Chef's objective of simplifying healthy eating practices, illustrating the significance of collaborations in expanding market reach and catering to evolving consumer needs.

In February 2022, Spectrum Brands Inc., a home essentials company headquartered in the US, completed the acquisition of Tristar Products' kitchen appliances and cookware division. The financial details of the acquisition were not disclosed. This strategic move aimed to propel Spectrum Brands towards establishing a dominant position as a market leader with a focus on higher margins and accelerated growth within the global appliances market. Tristar Products Inc., the US-based company specializing in home appliances, particularly within the large cooking appliance sector, became a significant addition to Spectrum Brands' expanding portfolio through this acquisition.

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 Hausgerate 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.

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.

The countries covered in the large cooking appliance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The large cooking appliance market consists of sales of electric griddle plates, stainless steel commercial kitchen equipment, bowl cutters, 4 burner cooktop, and cooking vessels. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12834

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

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Large Cooking Appliance Market Size and Growth

5.1. Global Large Cooking Appliance Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Large Cooking Appliance Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Large Cooking Appliance Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Large Cooking Appliance Market Segmentation

6.1. Global Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cooktops
Ovens
Specialized Appliances
6.2. Global Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Brick And Mortar
E-Commerce
6.3. Global Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Household
Commercial

7. Large Cooking Appliance Market Regional And Country Analysis

7.1. Global Large Cooking Appliance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Large Cooking Appliance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Large Cooking Appliance Market

8.1. Asia-Pacific Large Cooking Appliance Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Large Cooking Appliance Market

9.1. China Large Cooking Appliance Market Overview
9.2. China Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Large Cooking Appliance Market

10.1. India Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Large Cooking Appliance Market

11.1. Japan Large Cooking Appliance Market Overview
11.2. Japan Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Large Cooking Appliance Market

12.1. Australia Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Large Cooking Appliance Market

13.1. Indonesia Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Large Cooking Appliance Market

14.1. South Korea Large Cooking Appliance Market Overview
14.2. South Korea Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Large Cooking Appliance Market

15.1. Western Europe Large Cooking Appliance Market Overview
15.2. Western Europe Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Large Cooking Appliance Market

16.1. UK Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Large Cooking Appliance Market

17.1. Germany Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Large Cooking Appliance Market

18.1. France Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Large Cooking Appliance Market

19.1. Italy Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Large Cooking Appliance Market

20.1. Spain Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Large Cooking Appliance Market

21.1. Eastern Europe Large Cooking Appliance Market Overview
21.2. Eastern Europe Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Large Cooking Appliance Market

22.1. Russia Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Large Cooking Appliance Market

23.1. North America Large Cooking Appliance Market Overview
23.2. North America Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Large Cooking Appliance Market

24.1. USA Large Cooking Appliance Market Overview
24.2. USA Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Large Cooking Appliance Market

25.1. Canada Large Cooking Appliance Market Overview
25.2. Canada Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Large Cooking Appliance Market

26.1. South America Large Cooking Appliance Market Overview
26.2. South America Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Large Cooking Appliance Market

27.1. Brazil Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Large Cooking Appliance Market

28.1. Middle East Large Cooking Appliance Market Overview
28.2. Middle East Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Large Cooking Appliance Market

29.1. Africa Large Cooking Appliance Market Overview
29.2. Africa Large Cooking Appliance Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Large Cooking Appliance Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Large Cooking Appliance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Large Cooking Appliance Market Competitive Landscape And Company Profiles

30.1. Large Cooking Appliance Market Competitive Landscape
30.2. Large Cooking Appliance Market Company Profiles
- 30.2.1. Samsung Electronics Co. Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Whirlpool Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Koninklijke Philips N.V.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Haier Group Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Robert Bosch GmbH
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Large Cooking Appliance Market Competitive Benchmarking

32. Global Large Cooking Appliance Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Large Cooking Appliance Market

34. Large Cooking Appliance Market Future Outlook and Potential Analysis

34.1 Large Cooking Appliance Market In 2028 - Countries Offering Most New Opportunities
34.2 Large Cooking Appliance Market In 2028 - Segments Offering Most New Opportunities
34.3 Large Cooking Appliance Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer