U.K. Major Domestic Cooking Appliances Market, By Product (Built-In Hobs, Cooker, Oven and Residential Cooker Hoods), Distribution Channel (Supermarket/Hypermarket, Specialty Store, E-Commerce and Others), Country (U.K.) Industry Trends and Forecast to 2029.
Market Analysis and Insights: U.K. Major Domestic Cooking Appliances Market
U.K. major domestic cooking appliances market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.8% in the forecast period of 2022 to 2029 and is expected to reach USD 3,692,744.49 thousand by 2029. Increasing penetration of smart domestic cooking appliances is expected to be a major factor in the market's growth.
A major appliance, or domestic cooking appliance, is usually defined as a large machine that accomplishes routine housekeeping tasks, including cooking or food preservation, whether in a household, institutional, or commercial. The kitchen is the center of the home, and with advanced technology, homes are also becoming 'smart,' transforming the kitchen. Many smart kitchen appliances turn kitchen and dining spaces into pleasurable, comfortable, and smart experiences.
Increasing penetration of smart domestic cooking appliances is expected to drive market growth. The surging adoption of modular kitchen appliances may drive the market. In addition, the growing adoption of built-in hobs due to high suitability for compact kitchens increases the sales and profit of the players operating in the market. The major restraint impacting the market could be the high energy consumption levels of domestic cooking appliances. The opportunities for the market could be the growing adoption of advanced and modular products. Strict regulations for commercializing major domestic cooking appliances may challenge market growth.
This U.K. major domestic cooking appliances market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
U.K. Major Domestic Cooking Appliances Market Scope and Market Size
U.K. major domestic cooking appliances market is segmented based on product and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on product, the U.K. major domestic cooking appliances market is segmented into built-in hobs, cooker, oven, and residential cooker hoods. In 2022, the oven segment is expected to dominate the market due to their fast heating and instant cooking applications, and this feature makes it a driver for domestic cooking appliances.
- Based on distribution channel, the U.K. major domestic cooking appliances market is segmented into supermarkets/hypermarkets, specialty stores, e-commerce, and others. In 2022, the supermarkets/hypermarkets segment is expected to dominate the market, as it offers the ability to purchase domestic cooking appliances at a reduced discount price and offers various deals.
U.K. Major Domestic Cooking Appliances Market Country Level Analysis
U.K. major domestic cooking appliances market is analysed, and market size information is provided by country, product and distribution channel.
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 new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North American brands and their challenges faced due to large or scarce competition from local and domestic brands the impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand for Major Domestic Cooking Appliances
The U.K. major domestic cooking appliances market also provides you with detailed market analysis for every country's growth in the industry with sales, components sales, the impact of technological development in major domestic cooking appliances, and changes in regulatory scenarios with their support for the market. The data is available for the historical period 2011 to 2020.
Competitive Landscape and U.K. Major Domestic Cooking Appliances Market Share Analysis
The U.K. major domestic cooking appliances market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points are only related to the companies' focus on the U.K. major domestic cooking appliances market.
Some of the major players covered in the U.K. major domestic cooking appliances market are LG Electronics, Whirlpool Corporation, Panasonic Corporation, Faber S.p.A, Falmec S.p.A, TTK, Prestige Ltd, Sub-Zero Group, Inc., Electrolux, Robert Bosch Gmbh, SMEG S.p.A, Samsung, Luxair Cooker Hoods Limited, Franke Management AG, Arcelik, CNA group, ROBAM, VATTI, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide, which are also accelerating the growth of the U.K. major domestic cooking appliances market.
For instances,
- In May 2021, Whirlpool Corporation invested $15 thousand into its factory in Tulsa, Oklahoma, as part of its ongoing efforts to further strengthen its U.S. manufacturing capabilities and bring even more innovative, top-ranking consumer products. With this development company can serve the North American region customers with a better approach in the upcoming future
- In July 2021, LG Electronics Inc. and Magna International Inc. (Magna) signed the transaction agreement, establishing a joint venture between the two companies. The new company, to be called LG Magna e-Powertrain. With this development company is enhancing its market share across the globe with joint ventures
Partnership, joint ventures, and other strategies enhance the company's market share with increased coverage and presence. It also benefits the organization to improve its offering for major domestic cooking appliances through an expanded range of sizes.
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