Friday, 13 June 2014

Global Household Cooking Appliances Market is growing at a CAGR of 13.0% from 2013 to 2019.By Transparency Market Research


Transparency Market Research Report Add " Global Household Cooking Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019," to its database.
          The Global Household Cooking Appliances Market was valued at USD 760 million and is expected to grow at a CAGR of 21.3% from 2013 to 2019 to reach an estimated value of USD 2,937.3 million by 2019.
Browse the full report at Browse the full report at http://www.transparencymarketresearch.com/household-cooking-appliances-market.html
              The global household cooking appliances market was worth USD 56.6 billion in 2012, and is forecasted to expand by 29.1% from 2012 to 2018. A large part of this growth is contributed by ovens, which despite being the second largest segment, is the fastest growing product segment. The global household cooking appliances market is currently dominated by cook-top segment, which account for about 46.1% of the global market revenue.
                The household cooking appliances market growth is globally driven by macro-economic indicators such as rising population and consequent rise in number of new households, increase in disposable income, and growing consumer awareness. Across the European region, the household cooking appliances market is primarily driven by shift in consumer preference for environment friendly products and technology, which is energy efficient and clean. As a result, induction cooking and electricity operated appliances are more dominant in the region.
               The trend for modular kitchen plays a significant role in driving the demand. Microwave ovens have become an indispensable part of new households. A major population trend which has opened up a new segment to cater to is the growing population of singles. Also, rise in consumer awareness has resulted in consumers becoming more rationale towards product features than their price. This trend is more evident in developed markets such as North America and Europe. As a result, products such as microwaves and induction cook-tops have become market drivers, and are leading growth contributors in their segments. The recent trends such as dual fuel cook-tops and induction cooking based appliances are key focus areas by industry leaders.
            The report shares analysis of key growth drivers, market restraints, and opportunities for each of the product segments and geographic regions, as defined within the scope of the report.                 The global household appliances market is segmented into three major categories, namely – cook-tops, ovens, and specialized cooking appliances. The cook-tops market segment also includes different types of cooking ranges under each of the sub segments considered. The specialized cooking appliances considered while estimating the market size are – toasters, waffle makers, grills, barbeques, deep fat fryers, and rice cookers. A further breakdown of these segments into various sub segments is also provided in the report for in depth analysis. The cook-tops market, which is the biggest market segment, is divided into sub segments namely - gas cook-tops, electric cook-tops, induction cook-tops, and other cook-tops. The other cook-tops segment includes halogen cook-tops, rock stoves, one-family metal stove, and biomass or liquid fuel hobs.
        The further cross-sectional analysis, based on different geographic segments, shared in the report, provides growth of each of these segments across these regions, helpful in strategic decision making for business expansion. The global market is segmented into four regions based on economic growth patterns.
                The global household cooking appliances market is currently dominated by renowned white goods industry leaders including AB Electrolux, LG Electronics, Whirlpool Corporation, Daewoo Electronics, Haier Group, Panasonic, Philips, Fisher & Paykel Appliances Holdings Ltd., and Robert Bosch Gmbh. Apart from these, there are many niche players too, who are operating in their regional markets and presenting stiff competition to global leaders through their low priced quality products, custom made to regional cooking styles. Many of these global players are operating in specific segments of cooking appliances and there are very few who have products in their portfolio which cover most of the segments.
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