Global Household Cooking Appliances market research report has been generated with the systematic gathering and evaluation of market information for FMCG industry which is presented in a form that explains various facts and figures to the business. This Household Cooking Appliances Studyreport provides exact information about market trends, industrial changes, and consumer behavior etc. The market data presented in the report helps to recognize different market opportunities present internationally. Analytical study of Household Cooking Appliances market report aids in formulating growth strategies to augment sales and build brand image in the market. With the watchful use of established and advanced tools such as SWOT analysis and Porter’s Five Forces Analysis, this Household Cooking Appliances market report has been structured.
Global Household Cooking Appliances Market is expected to rise from its initial estimated value of USD 171.17 Billion in 2018 to an estimated value of USD 282.23 Billion by 2026, registering a CAGR of 6.45% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in the disposable income within each household.
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Key Strategies of leading players
Enhance productivity and optimizing back end manufacturing processes
Product enhancement through integrating new strategies involving big data, advanced analytics into traditional manufacturing processes
Growing businesses through serving into new application areas and identifying pockets of growth in emerging markets
Focusing on cost effective production of devices with stability and robustness
Strategies for Product differentiation and adjusting to the life cycle changes
Strengthening collaboration with suppliers and distributors
More focused strategies are found in the report
Segmentation: Global Household Cooking Appliances Market
By Products
Water purifiers
Microwave Oven
Refrigerator
Induction Stove
Dishwasher
Others
By Distribution
Direct Selling
E-Commerce
By Application
Built-in
Free Standing
By Geography
North America
Europe
Asia-Pacific
Middle East and Africa
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Key Players: Global Household Cooking Appliances Market
Electrolux, Haier, Hitachi, Philips, LG Electronics, Haier America, Midea Group (Fortune Global 500 Company), Miele, Bosch, Hitachi Asia, LG Electronics U.S.A, LG Electronics Home Appliances, LG Electronics Eastern Africa, Midea America Corp and others
Competitive Analysis: Global Household Cooking Appliances Market
Global household cooking appliances market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of household cooking appliances market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
TABLE OF CONTENTS: Global Household Cooking Appliances Market
Executive Summary
Scope/opportunities of the Report
Research Methodology
Market Landscape
Pipeline Analysis
Market Sizing
Porter’s Five Forces Analysis
Market Segmentation
Customer Landscape
Regional Landscape
Business Decision Framework
Drivers And Challenges
Market Key Trends
Players Landscape
Players Analysis
Appendix
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Market Drivers: Global Household Cooking Appliances Market
Increase in the income of the families and cumulative growth of nuclear families.
Increase in the demand for product up-gradation, changing customer lifestyle.
Market Restraint: Global Household Cooking Appliances Market
Growing number of single professionals who prefer takeaway foods rather than setting up a kitchen.
Recent Industry Developments:
In January 2018, Whirlpool merged with Amazon and Google to increase the experience of the products provided. This merger will allow families to control their appliances from anywhere in the house with simple voice commands. This unique way of interacting with the appliances will get chores done on time and on their way as well.
In March 2017, Electrolux acquired Grindmaster $108 million USD to increase the company’s presence in the US market.
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