The global cooking appliances market is anticipated to grow at a CAGR of 3.5% during the forecast period (2022-2028). The market is segmented based on product and end-use. Based on product, the market is segmented into microwaves, ovens, cooktops, range hoods, small appliances, and parts and accessories. Based on end-use, the market is segmented into commercial use and home use. Food processor is used in the preparation of food items which are needed before cooking any cuisine or dish. It is mainly used in chops, purees, blends, makes doughs and batters in a short span of time. Chopping ingredients before actual cooking is a tiring process. Food processor simplifies this step. This appliance can make dishes at home and can even make process simple.
Microwave is another product that is available in the market. It is mainly used for grilling and making dishes. Reheating dishes can be done in microwave in a few minutes which make the food fresh again. It is a useful appliance for those who have a busy life schedule. Boiling of vegetables and steaming can be done in this appliance. Cakes and breads of all forms can be prepared in this machine. Hand blender is another appliance in the list of cooking appliances. This can be used to beat, stir and whisk liquids and batters in a short span of time. Belding is done by immersing the blender into the batter. Manual and electric are two variants which are available in the market.
Some major players in the market include Samsung Electronics Co., Ltd., LG Electronics Inc., and AB Electrolux, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in Jan 2021, Bosch Home Appliances announced new products in its home appliances category. Wall ovens are new line up which the company is planning to launch. This product will have a new air fry mode.
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Competitive Landscape-
Samsung Electronics Co., Ltd., LG Electronics Inc., and AB Electrolux, among others.
By Product
Microwaves
Ovens
Cooktops
Range Hoods
Small Appliances
Parts and Accessories
By End-Use
Commercial Use
Home Use
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Scope of the Report
The research study analyzes the Global Cooking Appliances industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Cooking Appliances Market Report
1. What was the Global Cooking Appliances Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Cooking Appliances Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Cooking Appliances Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Cooking Appliances market.
- The market share of the Global Cooking Appliances market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Cooking Appliances market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Cooking Appliances market.
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