The major domestic cooking appliances market boasts several key features, including energy efficiency, smart technology integration, and diverse cooking capabilities. The dominating segment is the "Induction Cooktops" category, characterized by rapid heating, precise temperature control, and safety features. Induction cooktops have gained popularity due to their eco-friendliness and quick cooking times. Additionally, they offer a sleek design and ease of use, making them a top choice for consumers seeking modern, efficient, and convenient cooking solutions in their kitchens.
According to Data Bridge Market Research, the U.K. Major Domestic Cooking Appliances will exhibit a CAGR of 8.1% for the forecast period of 2022-2029.
“Increasing penetration of smart domestic cooking appliances boost the market’s growth”
The increasing penetration of smart domestic cooking appliances is poised to drive significant growth in the major domestic cooking appliances market. Consumers are increasingly embracing connected kitchen devices for convenience, automation, and energy efficiency. These smart appliances offer features such as remote control, recipe integration, and energy-saving capabilities, aligning with modern lifestyles. As smart technology continues to advance, its integration into cooking appliances is expected to further fuel market growth by catering to the evolving preferences of tech-savvy consumers.
What restraints the growth of the U.K. major domestic cooking appliances?
“High energy consumption levels of domestic cooking appliances restraints the market’s growth”
The high energy consumption levels of domestic cooking appliances represent a significant restraint in the major domestic cooking appliances market. In an era of growing environmental consciousness, energy efficiency is a crucial concern. Appliances that consume substantial energy can lead to higher utility bills and contribute to environmental degradation. Consumers are increasingly looking for eco-friendly options, and appliances with excessive energy consumption may face resistance, impacting their market acceptance and potentially leading to regulatory challenges.
Segmentation: U.K. Major Domestic Cooking Appliances Market
The U.K. major domestic cooking appliances market is segmented based on product and distribution channels.
- On the basis of product, the U.K. major domestic cooking appliances market is segmented into built-in hobs, cooker, oven, and residential cooker hoods.
- On the basis of distribution channel, the U.K. major domestic cooking appliances market is segmented into supermarkets/hypermarkets, specialty stores, e-commerce, and others.
To know more about the study visit, https://www.databridgemarketresearch.com/ru/reports/uk-major-domestic-cooking-appliances-market
Recent Developments
- In May 2021, Whirlpool Corporation allocated a $15,000 investment into its Tulsa, Oklahoma factory as part of its ongoing strategy to bolster its manufacturing capabilities in the United States. This move aimed to enable the company to offer even more cutting-edge consumer products, strengthening its ability to serve North American customers effectively in the near future.
- In July 2021, LG Electronics Inc. and Magna International Inc. (Magna) formally established a joint venture named LG Magna e-Powertrain through a transaction agreement. This collaboration enhances the company's global market presence by leveraging the strengths and expertise of both partners in the automotive industry.
The Prominent Key Players Operating in the U.K. Major Domestic Cooking Appliances Market Include:
- LG Electronics (South Korea)
- Whirlpool Corporation (U.S.)
- Panasonic Corporation (Japan)
- Faber S.p.A (Italy)
- Falmec S.p.A (Italy)
- TTK, Prestige Ltd (India)
- Sub-Zero Group, Inc. (U.S.)
- Electrolux (Sweden)
- Robert Bosch Gmbh (Germany)
- SMEG S.p.A (Italy)
- Samsung (South Korea)
- Luxair Cooker Hoods Limited (U.K.)
- Franke Management AG (Switzerland)
- Arcelik (Turkey)
- CNA group (China)
- ROBAM (China)
- VATTI (China)
Above are the key players covered in the report, to know about more and exhaustive list of U.K. major domestic cooking appliances companies contact, https://www.databridgemarketresearch.com/ru/contact
Research Methodology: U.K. Major Domestic Cooking Appliances Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
