Global Major Domestic Cooking Appliances Market – Industry Trends and Forecast to 2031

Major Domestic Cooking Appliances Market Analysis and Size

The major domestic cooking appliances market is witnessing significant growth, driven by increasing urbanization, rising disposable incomes, and a growing demand for convenient and efficient kitchen solutions. Consumers are increasingly seeking advanced cooking appliances with innovative features such as touch-screen interfaces, smart sensors, and Wi-Fi connectivity to enhance functionality and convenience. Technological advancements are driving innovation in the major domestic cooking appliances market, enhancing functionality and convenience. E-commerce platforms are playing a crucial role in market expansion by providing easy access to a wide range of products, catering to the preferences of tech-savvy consumers.              

Global major domestic cooking appliances market size was valued at USD 42.27 billion in 2023 and is projected to reach USD 69.96 billion by 2031, with a CAGR of 6.5% during the forecast period of 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Report Scope and Market Segmentation

Market Definition

Major domestic cooking appliances are large-scale kitchen equipment intended for household use, encompassing stoves, ovens, cooktops, and range hoods. These appliances support various cooking, baking, grilling, and food preparation activities, commonly operated using gas or electricity. Found in residential kitchens, they play a crucial role in enhancing convenience and functionality during meal preparation.

Major Domestic Cooking Appliances Market Dynamics

Drivers

• Adoption of Smart Home Technologies in Kitchen Appliances    

The adoption of smart home technologies is also contributing to growth in the major domestic cooking appliances market. Integration with voice assistants, mobile apps, and home automation systems allows users to remotely control electric cooking appliances and receive notifications. Smart features such as pre-programmed cooking modes and recipe suggestions further streamline meal preparation, enhancing convenience and efficiency. This trend underscores the growing consumer interest in connected living environments, driving demand for technologically advanced kitchen appliances.

• Customization Options to Meet Diverse Consumer Needs 

Offering customization options such as various sizes, colors, and functionalities allows companies to cater to diverse consumer preferences and kitchen layouts. This approach boosts consumer satisfaction and loyalty by providing tailored solutions that align with individual lifestyles and cooking habits such as outdoor cooking appliances. The opportunity lies in continuously innovating and expanding customization choices to outpace competitors and capture a larger market share.                          

Opportunity

• Technological Advancements in Cooking Appliance Features       

Features such as touch-screen interfaces, Wi-Fi connectivity, and smart sensors enable precise cooking control and remote monitoring capabilities. Advanced cooking modes such as convection and steam cooking ensure optimal results while saving time and energy. These innovations cater to consumer preferences for efficient and user-friendly appliances, stimulating market growth by offering cutting-edge solutions that meet evolving culinary needs. For instance, in August 2022, Samsung launched its smart fridge with Bixby in India. This appliance includes a built-in view camera that allows users to digitally label food products with expiration dates and enables customers to remotely view the inside of the fridge. The trend towards sustainable and energy-efficient products is encouraging manufacturers to innovate and develop appliances that comply with green building standards.

• Collaboration with Chefs for Product Endorsements     

Partnering with chefs for product endorsements in the market is a strategic initiative to enhance brand credibility and consumer trust. By collaborating with renowned chefs, companies can leverage their expertise and influence to endorse cooking appliances, emphasizing performance, quality, and versatility. This association not only enhances brand visibility but also inspires confidence in consumers, leading to increased sales and market presence. The opportunity lies in cultivating enduring partnerships with chefs to consistently promote products and capitalize on their culinary expertise.

Restraints/Challenges

• Limited Availability of Skilled Technicians for Installation and Repairs

The limited availability of skilled technicians results in prolonged wait times for installation and repair services, potentially frustrating customers and reducing brand loyalty. Difficulty in accessing timely assistance may deter consumers from purchasing new appliances or prompt them to seek alternative brands with more readily available support services. This challenge could hinder market growth by negatively impacting consumer confidence and satisfaction levels.

• Fluctuating Raw Material Prices Affecting Production Costs

Fluctuating raw material prices impact production costs, making it challenging for manufacturers to maintain consistent pricing strategies. As a result, consumers may face higher prices for appliances or experience variations in product availability. Manufacturers may also struggle to forecast and manage expenses effectively, leading to squeezed profit margins. This restraint can impede market growth by reducing consumer affordability and eroding manufacturers' competitiveness in the domestic cooking appliances market.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In March 2023, Butterfly Gandhimathi Appliances merged with Crompton Greaves Consumer Electricals Ltd. (CGCEL) to strengthen its presence in the major domestic cooking appliances market. This strategic merger aims to capitalize on synergies, drive innovation in product development, and implement robust marketing strategies to enhance their competitive position in the industry
• In May 2021, Whirlpool Corporation announced a US$15 million investment in its Oklahoma factory to expand manufacturing capabilities and foster innovation. This initiative reflects Whirlpool's dedication to delivering high-quality consumer products, stimulating job growth, and reinforcing its leadership in the major domestic cooking appliances market through advanced manufacturing capabilities
• In April 2021, Electrolux was honored with four Red Dot Design Awards for its Electrolux and AEG brands, recognizing excellence in innovation, functionality, quality, and ergonomics. This accolade highlights Electrolux's commitment to design excellence and innovation, bolstering its competitive advantage in the major domestic cooking appliances market

Major Domestic Cooking Appliances Market Scope

The market is segmented on the basis of type, power, structure, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Built-In Hobs
• Cooker
• Microwaves
• Cooktops
• Hot Plate
• Others

Power

• Electric Powered
• Gas Powered

Structure

• Built-in
• Freestanding

Distribution Channel

• Supermarket
• Specialty Store
• E-Commerce
• Others

Major Domestic Cooking Appliances Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by country, type, power, structure, and distribution channel as referenced above.

The countries covered in the market report are U.S., Canada, and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South  America.

North America is expected to dominate the due to manufacturers' emphasis on product innovations and research and development investments. Continued focus on incorporating advanced technologies fuels this trend, ensuring the region's sustained dominance in the market during the forecast period.   

The Asia-Pacific is expected to experience rapid growth in the market due to increasing brand popularity, rising personal disposable income, and expansion in the consumer electronics industry. These factors drive demand for kitchen appliances, indicating substantial market expansion in the region amidst growing consumer preferences and economic development.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Major Domestic Cooking Appliances Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

• AB Electrolux (Sweden)
• Whirlpool (U.S.)
• SAMSUNG (South Korea)
• Koninklijke Philips N.V. (Netherlands)
• Morphy Richards (U.K.)
• TTK Prestige Ltd (India)
• GE Appliances (U.S.)
• Dacor, Inc. (U.S.)
• Sichuan Changhong Electric Co., Ltd. (China)
• LG Electronics (South Korea)
• Panasonic Corporation (Japan)
• GREE ELECTRIC APPLIANCES, INC. (China)
• Hitachi, Ltd. (Japan)
• BSH Hausgeräte GmbH (Germany)
• Balaji Home Shop (India)
• Lords Home Solutions (India)

SKU-66147