DUBLIN--(BUSINESS WIRE)--The "North America Household Cooking Appliance Market Size, Share & Industry Trends Analysis Report By Product, By Cooktops & Cooking Ranges Type, By Ovens Type, By Structure, By Distribution Channel, By Country and Growth Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.
The North America Household Cooking Appliance Market is expected to witness market growth of 6.0% CAGR during the forecast period (2021 2027).
In most kitchens, appliances that use a lot of energy, like electricity and gas, are plentiful. It's critical to understand that energy-efficient kitchen appliances may save consumers' time and money. Modern appliances include more features, are easier to use, and last longer than earlier models. Most crucially, they consume significantly less energy than typical appliances.
Design and aesthetics are important in today's kitchen appliances. Customers today expect kitchen equipment that is not only modern and efficient but also attractive. In addition, consumers are very mindful of design and style, and they are willing to pay a little extra for it. Companies use very imaginative and skilled designers to explore new ways to make these appliances that give numerous purposes and take up less space, knowing customers' necessity multi-functional and well-designed kitchen equipment.
The right fit of cooking equipment helps to speed up the preparation of meals. When people choose a restaurant, one of the most important factors they consider is how fast their orders are processed. They were hungry when they arrived, and they wanted their food as early as possible. Restaurants could only do so if they had the necessary cooking equipment to deliver the dish that the customer had ordered. Home cooking or Traditional equipment is expected to not be able to handle huge orders, which is why restaurant-style cooking equipment is the best option for food establishments.
North America came out as the prime region in the household cooking appliance market. There are many American towns which are witnessing a rise in the use of high-speed ovens. The United States is more economically secure and has greater purchasing power as a result of higher disposable income, which is why it dominates the high-speed oven market in North. The rise of the regional household cooking appliance market is being fueled by continued urbanization, a developed foodservice industry, and the availability of a variety of suppliers. In addition, the usage of high-speed ovens for domestic purposes is steadily rising in North American cities like Canada and Mexico. Furthermore, the region's baking industry accounts for a large portion of the market, making it one of the most important end consumers of high-speed ovens.
The US market dominated the North America Household Cooking Appliance Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $73,942 million by 2027. The Canada market is poised to grow at a CAGR of 8.4% during (2021 - 2027). Additionally, The Mexico market is expected to exhibit a CAGR of 7.4% during (2021 - 2027).
Scope of the Study
Market Segments Covered in the Report:
By Product
- Cooktops & Cooking Ranges
- Gas-based
- Electrical-based
- Induction-based
- Ovens
- Conventional & Convection
- Microwave
- Combination
- Specialized Appliances
By Structure
- Freestanding
- Built-in
By Distribution Channel
- Brick & Mortar
- E-commerce
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Koninklijke Philips N.V.
- Whirlpool Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- LG Electronics, Inc. (LG Corporation)
- Panasonic Corporation
- Robert Bosch GmbH
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
- SMEG S.p.A
- Electrolux AB
- WINIA Electronics Co., Ltd.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
3.1 Publisher Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Mar - 2022, Jan) Leading Players
Chapter 4. North America Household Cooking Appliance Market by Product
Chapter 5. North America Household Cooking Appliance Market by Structure
5.1 North America Freestanding Market by Country
5.2 North America Built-in Market by Country
Chapter 6. North America Household Cooking Appliance Market by Distribution Channel
6.1 North America Brick & Mortar Market by Country
6.2 North America E-commerce Market by Country
Chapter 7. North America Household Cooking Appliance Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Koninklijke Philips N.V.
- Whirlpool Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- LG Electronics, Inc. (LG Corporation)
- Panasonic Corporation
- Robert Bosch GmbH
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
- SMEG S.p.A
- Electrolux AB
- WINIA Electronics Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/ghsxie
