Large Cooking Appliance Market Size, Share & Industry | 2030

Segments - Large Cooking Appliance Market by Products (Cooktops, Ovens, and Specialized Appliances), Applications (Households and Commercial), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

Author : Debadatta Patel

Fact-checked by : PARTHA PAUL

Editor : Shruti Bhat

Report Description

The global large cooking appliance market is projected to expand at a CAGR of 6.4% during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing standard of living and rising consumer preference for modular kitchens.

Large Cooking Appliance Market Key Takeaways

Large cooking appliances include cooktops, ovens, and other kitchen equipment such as steamers, grillers, and fryers. Rapid exhaustion of natural resources such as wood and LPG has led to the rising demand for efficient and specialized cooking appliances.

Large cooking appliances play a significant role in the households and has become an integral part of modern kitchens. Increasing number of working population has led to rising number of public eateries and restaurants, which in turn, has boosted the demand for large cooking appliances.

Countries such as India, Brazil and China offer various growth opportunities to the manufacturers owing to the presence of conventional cooking appliances, thereby increasing opportunities for emerging players and new entrants. For instance, brands such as Miele, Siemens, and Whirlpool are offering premium products to these countries by engaging in partnerships with local developers to increase their product visibility.

Market Drivers, Restraints, Trends, and Opportunities

Increasing demand for energy efficient appliances is one of the key factors driving the market growth.
Increasing number of restaurants and cafes to cater the rise in demand for rising population is expected to drive the product demand during the forecast period.
Growing number of nuclear families, improved standards of living are anticipated to spur the market growth during the forecast period.
Availability of advanced sustainable cooking appliances leading to negligence towards recent advancements in the appliances is anticipated to restrain the market growth
Increasing consumer spending on kitchen appliances that are durable and versatile is expected to create lucrative opportunities in the coming years.
Unwillingness of consumers to accept advanced products can restrain the market growth.
Smart kitchen gadgets and connected cooking equipment are anticipated to create remunerative opportunities in the market.

Scope of the Report

The report on the global large cooking appliance market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Large Cooking Appliance Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Products (Cooktops, Ovens, and Specialized Appliances), Applications (Households and Commercial)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered	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

Global Large Cooking Appliance Market Segment Insights

Oven segment anticipated to account for a significant market share.

On the basis of products, the market is bifurcated into cooktops, ovens, and specialized appliances. In 2020, the oven segment is anticipated to account for a significant market share owing to rising disposable income across the globe. The introduction of in-built hobs, modular ovens, and char broilers are the recent product innovations driving the segment growth. Additionally, operational efficiency of the product is driving the segment growth.

The cooktops segment is anticipated to register a CAGR of 6.3% during the forecast period. Cooktops consist of gas and electric cooktops and hobs. Emerging food startups are indulging in customization of cooking equipment from companies such as Vulcan, Hitachi and Glen, which is spurring the segment growth.

Large Cooking Appliance Market By Products

Commercial segment projected to account for a considerable market share.

Based on applications, the market is segmented into households and commercial. The commercial segment is projected to account for 40% of the global cooking appliances market during the forecast period. Increasing demand for cooking appliances from commercial spaces such as restaurants and malls are propelling the segment growth. This segment is anticipated to register a CAGR of 6.5% during the forecast period.

The introduction of advanced technology in kitchen equipment are driving the consumer preference for smart and innovative appliances, thereby, fueling the growth of the households segment. Additionally, increasing number of working women along with rising disposable income per household is anticipated to spur the growth of the segment. For instance, in the year 2018, Prestige announced the launch of its cooking range that comprises hobs, in-built ovens, and steamers for the Indian markets owing to the increasing trend of modular kitchens in the country

Asia Pacific anticipated to witness an impressive growth rate

In terms of regions, the market is classified into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to witness an impressive growth rate owing to rising living standards of consumers in this region. Additionally, consumers are opting for improved kitchen appliances owing to its energy and time efficiency features. Furthermore, rising trend of nuclear families along with rising disposable income is motivating consumers to opt for technologically enhanced cooking appliances, thus propelling the market growth in the region.

North America is anticipated to expand at a CAGR of 6.1% during the forecast period. Increasing demand for fast food and ready to cook food has led to the growing penetration of equipment installation in commercial kitchens such as hotels and restaurants, thus driving the market growth in this region. For instance, National Restaurant Association stated that the US alone accounts for over 380,000 restaurants, creating considerable growth opportunities for the market in the region.

Segments

The global large cooking appliance market has been segmented on the basis of

Products

Cooktops
Ovens
Specialized Appliances

Applications

Households
Commercial

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Competitive Landscape

Some of the key manufacturers in the global 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.

Key players are indulging in mergers and acquisitions to increase their market share. Additionally, they are focusing on development of innovative products to improve their product offerings. Furthermore, leading manufacturers are partnering with various distribution channels to increase their product visibility and acquire a large customer base.

Large Cooking Appliance Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Large Cooking Appliance Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Large Cooking Appliance Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Large Cooking Appliance Market - Supply Chain
  4.5. Global Large Cooking Appliance Market Forecast
     4.5.1. Large Cooking Appliance Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Large Cooking Appliance Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Large Cooking Appliance Market Absolute $ Opportunity
5. Global Large Cooking Appliance Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Large Cooking Appliance Market Size and Volume Forecast by Applications
     5.3.1. Households
     5.3.2. Commercial
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Large Cooking Appliance Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Large Cooking Appliance Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Large Cooking Appliance Demand Share Forecast, 2019-2026
7. North America Large Cooking Appliance Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Large Cooking Appliance Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Large Cooking Appliance Market Size and Volume Forecast by Applications
     7.4.1. Households
     7.4.2. Commercial
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Large Cooking Appliance Demand Share Forecast, 2019-2026
8. Latin America Large Cooking Appliance Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Large Cooking Appliance Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Large Cooking Appliance Market Size and Volume Forecast by Applications
     8.4.1. Households
     8.4.2. Commercial
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Large Cooking Appliance Demand Share Forecast, 2019-2026
9. Europe Large Cooking Appliance Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Large Cooking Appliance Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Large Cooking Appliance Market Size and Volume Forecast by Applications
     9.4.1. Households
     9.4.2. Commercial
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Large Cooking Appliance Demand Share Forecast, 2019-2026
10. Asia Pacific Large Cooking Appliance Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Large Cooking Appliance Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Large Cooking Appliance Market Size and Volume Forecast by Applications
     10.4.1. Households
     10.4.2. Commercial
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Large Cooking Appliance Demand Share Forecast, 2019-2026
11. Middle East & Africa Large Cooking Appliance Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Large Cooking Appliance Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Large Cooking Appliance Market Size and Volume Forecast by Applications
     11.4.1. Households
     11.4.2. Commercial
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Large Cooking Appliance Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Large Cooking Appliance Market: Market Share Analysis
  12.2. Large Cooking Appliance Distributors and Customers
  12.3. Large Cooking Appliance Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Samsung Electronics Co. Ltd
     12.4.2. Morphy Richards
     12.4.3. LG Electronics Inc.
     12.4.4. Whirlpool Corporation
     12.4.5. Hitachi Appliances Inc.
     12.4.6. Koninklijke Philips N.V.
     12.4.7. AB Electrolux
     12.4.8. Haier Group Corporation
     12.4.9. GE Appliances
     12.4.10. Robert Bosch