Report ID: UCMIG25E2043
Report ID:
UCMIG25E2043 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The worldwide market for large cooking appliances is projected to reach USD 39.91 billion by 2025, expanding at a compound annual growth rate (CAGR) of 6.5% during the forecast period. The major growth drivers include the increase in the standard of living and consumer preference for modular kitchens. Large cooking appliances consist of cooktops, ovens, and specialized equipment such as fryers, steamers, and grillers. As natural resources like LPG, wood, and other petroleum products become scarce, there is expected to be a growing demand for specialized and energy-efficient cooking appliances.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Consumer Electronics by segment aggregation, the contribution of the Consumer Electronics in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25E2043