The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing popularity of energy-efficient cooking appliances are expected to drive innovation in household cooking appliance manufacturing, thus driving the market during the forecast period.

The global household cooking appliance market is expected to grow from $126.97 billion in 2022 to $139.19 billion in 2023 at a compound annual growth rate (CAGR) of 9.6The global household cooking appliance market size is expected to grow to $194.49 billion in 2027 at a CAGR of 8.7%.

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Global Household Cooking Appliance Market Segments Include:

• By Product: Electric Stoves, Microwave Ovens, Barbecues and Grills, Others – Household Cooking Appliance
• By Application: Household, Commercial
• By Fuel Type: Cooking Gas, Electricity
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global household cooking appliance market in 2021.

Major Market Players in the household cooking appliance market include LG Electronics Inc., Electrolux AB, Panasonic, Haier Group, Whirlpool Corporation, SMEG, Kenmore, Samsung Electronics, Galanz Enterprise Group.

Companies in the household cooking appliance market are increasingly launching technologically advanced multi-functional ovens to cater to the rising demand for multi-functional appliances with additional benefits. These multi-functional ovens use a wide range of methods to provide customized and easy cooking. These ovens use devices to guide and instruct users in the process of cooking. Apart from these, they also come with catalytic and pyrolytic self-cleaning functions. The catalytic self-cleaning feature allows the use of special chemical installed liners to absorb grease, while the pyrolytic self-cleaning function of these ovens allows them to clean the dirt and grease using high temperatures. For instance, Electrolux’s EOY5851AAX oven uses different programs and functions to make the process of cooking easy and customized. It has the pyrolytic cleaning technology that allows self-cleaning.

The Household Cooking Appliance Global Market Report 2023 provides a household cooking appliance market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The household cooking appliance market forecast analyzes household cooking appliance market size, household cooking appliance market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Household cooking appliance refers to electrical and non-electronic equipment which assists in food preparation in a household.

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