As per newly released data by Future Market Insights (FMI), the built-in large cooking appliances market is estimated at US$ 12.2 Billion in 2023 and is projected to reach US$ 21.8 Billion by 2033, at a CAGR of 5.9% from 2023 to 2033. Share of built-in large cooking appliances market in its parent market (kitchen appliance market) is approximately ~7%-10%.
Smart home technology has boosted consumer interest in modern appliances. Connectivity and voice assistants have allowed for the development and popularity of cookware with touchscreens, cameras, and Wi-Fi connections. Remote operation and monitoring can be done through the smartphone for many smart home devices.
Many consumers have been alarmed by the potentially enormous amounts of energy used when running everyday appliances. This has thus convinced consumers to opt for Energy-Star rated appliances. These appliances nowadays comply with Energy-Star standards. Kitchen gadgets that are designed to conserve energy while making cooking more efficient are gaining popularity.
| Attribute | Details |
|---|---|
| Built-in Large Cooking Appliances Market Estimated Size (2023) | US$ 12.2 Billion |
| Built-in Large Cooking Appliances Market Projected Size (2033) | US$ 21.8 Billion |
| Built-in Large Cooking Appliances Market Value-based CAGR (2023 to 2033) | ~5.9% |
| Built-in Large Cooking Appliances Top Player Market Share (2021) | ~10% to 15% |
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Demand for built-in large cooking appliances is forecast to surge at a steady 5.9% CAGR, in comparison with approximately 4.5% CAGR registered between 2018 and 2022.
The incorporation of advanced electronic features into modern kitchen appliances have enabled these gadgets for improved efficiency. There are modular kitchens in houses of people with low- and medium-income. In addition to saving space, built-in cooking appliances perform their primary functions. With increasing number of people living in compact houses, demand for such appliances is expected to surge.
The aesthetics of the cooking area are further enhanced by the seamless integration of built-in kitchen equipment. Cleaning and maintaining such built-in kitchen equipment is easy with major brands offering auto-cleaning systems that are embedded in such appliances. A growing number of built-in kitchen appliance manufacturers are labelling their products as ‘energy-efficient’ to keep up with the trend of sustainability.
With high-end technology being incorporated in built-in kitchen appliances they are becoming increasingly sophisticated. To give the kitchen a more sophisticated appeal, various brands are offering multiple colour choices in the cabinet areas and adding additional textures and unique materials.
The number of women in the workforce is on the rise across the world. In addition, women spend time outside of their homes and workplaces. Women's place in the kitchen is gradually disappearing from urban society, as males do their share of domestic tasks. Furthermore, as disposable income and buying power rises, more people are choosing to live in high-end homes. In addition, the number of nuclear families is on the rise in every area.
Modern retail formats including malls, supermarkets, and hypermarkets have seen an increase in customers’ walk-ins. The built-in kitchen appliance business is thus increasingly focused on obtaining this retail space. All of the major manufacturers in this industry are striving for supremacy by developing cutting-edge appliances for the integrated kitchen. Such factors are alternatively leading to increased sales of built-in large cooking appliances.
Growing preference for energy-efficient appliances and rising health and safety concerns are the major factors driving the growth of the target market. Additionally, supportive government programs to promote energy-efficient appliances are creating new opportunities for cooking appliances manufacturers. The market leaders anticipate that the rising demand for smart homes will bring them considerable growth prospects.
For instance, in 2022, Samsung Electronics has announced a sustainable development plan that will accelerate the development of environmentally friendly home appliances by increasing the use of recycled plastic in home appliances. In the near future, energy saving and smart home appliances will continue to exist and eventually become the direction of industry development.
| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 6.0% |
| Jul to Dec (H2), 2021 (A) | 5.7% |
| Jan to Jun (H1), 2022 Projected (P) | 6.1% |
| Jan to Jun (H1), 2022 Outlook (O) | 6.7% |
| Jul to Dec (H2), 2022 Outlook (O) | 6.4% |
| Jul to Dec (H2), 2022 Projected (P) | 5.8% |
| Jan to Jun (H1), 2023 Projected (P) | 6.0% |
| BPS Change: H1, 2022 (O) to H1, 2022 (P) | (+) 61 |
| BPS Change: H1, 2022 (O) to H1, 2021 (A) | (+) 67 |
| BPS Change: H2, 2022 (O) to H2, 2022 (P) | (+) 58 |
| BPS Change: H2, 2022 (O) to H2, 2021 (P) | (-) 64 |
Principal Consultant
| Country | USA |
|---|---|
| Market Share (2023) | 25.1% |
| Market Share (2033) | 22.3% |
| BPS Analysis | (-) 280 |
| Country | India |
|---|---|
| Market Share (2023) | 4.5% |
| Market Share (2033) | 5.2% |
| BPS Analysis | (+) 70 |
| Country | Australia |
|---|---|
| Market Share (2023) | 3.2% |
| Market Share (2033) | 3.7% |
| BPS Analysis | (+) 50 |
“Increased Consumer Awareness of Green Technology”
The USA has been a promising market for built-in large cooking appliances, the country is expected to witness a significant market growth by the end of 2032. The market for built-in kitchen appliances in the USA is being driven by rising demand for modern kitchens with novel features and increased consumer awareness of green technology.
Built-in ovens are becoming more hygienic and innovative as technologies such as automation, self-cleaning, and touch control are introduced, keeping them dust-free and safe from external damage. Further, to cook ideal meals, the temperature can be adjusted at a specific levels. Built-in hobs are put at the same level as the kitchen cooktops to give the kitchen a more aesthetically attractive appearance.
Increase in Demand for High-end Products
China has been a promising market for built-in large cooking appliances, the built-in large cooking appliances market in the region is estimated to reach a significant value by the end of 2032. The increasing demand from domestic sector for high-end products as China's living standards rises, is motivating players to launch more of high-end and unique products.
China is one of the market leader in terms of technology adaption for appliances. Quality, look, and functionality are highly important to buyers in the region. Companies in this area have dedicated themselves to producing a variety of products with various functionalities as well as technological innovation in order to meet customer needs.
Change in Consumer Habits
In South Asia, India is one of the most prominent market for built-in large cooking appliances. The consumer habits are changing, and customers are becoming more aware of the advantages of using built-in large cooking machines.
India's built-in kitchen appliances market is being driven by a growing working population, a rising female workforce, and an expanding middle-class population. Built-in ovens are becoming more popular in India than traditional ovens due to its easy cleaning ability, energy-saving feature, etc. Various such factors are leading to surge in volume of sales of built-in large cooking appliances in India.
Growth in Urbanization is Contributing to the Sales for Cooktops
The market is anticipated to develop because of the popularity of energy-efficient cooktops and other attributes like temperature range, safety, durability, and quick setup. Home induction cooktops are high-end kitchen equipment that may be used to fry or cook food. Also growing urbanization, as well as newly released kitchen equipment with improved safety features, are all contributing towards the increased use of built-in Induction cooktops.
Built-in ovens and cooking hoods are among the equipment that are being driven by the growing popularity of western kitchen styles. Western-style kitchen appliances help to eliminate unpleasant concerns like cooking smoke and promote safe and healthy cooking practices. Manufacturers in the industry are focusing on advanced technology improvements such as flameless cooking and temperature control development and is anticipated to contribute towards the increased volume of sales of large cooking appliances.
Increased spending in Commercial Areas on Built-in Kitchen Cooking Appliances.
Restaurant operators are being encouraged to modernize their facilities and provide better services as consumer spending on tourism and the hospitality sector grows. As a result, rising demand for the installation of improved kitchen equipment in commercial areas is likely to boost market growth.
Furthermore, as end-user industries become more aware of the benefits of energy-efficient commercial kitchen equipment, demand for built-in large cooking appliances in the commercial sector is expected to rise significantly. Furthermore, favorable government policies are encouraging the use of energy-efficient commercial kitchen equipment and are likely to boost commercial kitchen appliance sales, reducing energy usage.
Easily Availability of Products at Low Price
Online shopping is getting more and more preferred by customers of residential kitchen appliances because of its convenience and low prices. In recent years, online revenue might exceed that of physical retailers, posing a greater threat to business owners. As a result, merchants are increasing adapting to the shifting environment.
However, physical retail stores will still be a destination for people who want to stock up on their cooking equipment. The products are readily available for consumers to examine upfront, so some have the tendency to buy other kitchen items on impulse while in a physical store. Customers may be hesitant to purchase an item online if they see it being sold through an e-commerce website. Many probably might examine the item in person before making a final choice.
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Energy-efficient appliances are being developed by market participants by examining new raw material and production options, as well as novel thermal element designs. Some of the biggest companies in the market are always updating their product line with the most cutting-edge technology. A significant portion of their R&D budgets is going into developing new products that use cutting-edge technology like artificial intelligence (AI) and the internet of things (IoT).
For Instance,
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; MEA |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Benelux, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Product Type, Application, Sales Channel, Region |
| Key Companies Profiled | Samsung Electronics Co. Ltd.; Morphy Richards; LG Electronics Inc.; Whirlpool Corporation; Hitachi Appliances Inc.; Koninklijke Philips N.V.; AB Electrolux; Haier Group Corporation; GE Appliances; Robert Bosch GmbH; Others (on request) |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at US$ 12.2 billion in 2023.
Samsung Electronics Co. Ltd., and Morphy Richards are key market players.
From 2018 to 2022, the market registered a CAGR of 4.5%.
Surging disposable income to boost the market prospects.
Built-in cooktops segment is likely to remain preferred through 2033.
1. Executive Summary | Built-In Large Cooking Appliances Market 1.1. Global Market Outlook 1.2. Summary of Key Statistics 1.3. Summary of Key Findings 1.4. Product Evolution Analysis 1.5. FMI Analysis and Recommendations 2. Market Overview 2.1. Market Taxonomy 2.2. Market Definition 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Winning Themes 3.3. Key Product Development Trends 3.3.1. Product Launches 3.3.2. Acquisition & Mergers 3.3.3. Expansion 4. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Volume (‘000 Units) Analysis, 2018 to 2022 4.2. Current and Future Market Volume (‘000 Units) Projections, 2023 to 2033 4.3. Y-o-Y Growth Trend Analysis 5. Global Market - Pricing Analysis 5.1. Regional Pricing Analysis By Product Type 5.2. Pricing Break-up 5.2.1. Manufacturer Level Pricing 5.2.2. Distributor Level Pricing 5.3. Global Average Pricing Analysis Benchmark 6. Global Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 6.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022 6.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Market Background 7.1. Macro-Economic Factors 7.1.1. Global GDP Growth Outlook 7.1.2. Global Industry Value Added 7.1.3. Global Consumer Spending Outlook 7.1.4. Global E-Commerce Industry Outlook 7.1.5. Other Key Macro-Economic Factors 7.2. Industry Value and Supply Chain Analysis 7.3. Forecast Factors - Relevance & Impact 7.3.1. Top Companies Historical Growth 7.3.2. Global Population Growth Outlook 7.3.3. Other Key Forecast Factors 7.4. PESTLE Analysis of Market 7.5. Porter’s Five Force 7.6. Investment Feasibility Analysis 7.7. Market Dynamics 7.7.1. Drivers 7.7.2. Restraints 7.7.3. Opportunity Analysis 7.8. Consumer Sentiment Analysis 7.9. Social Media Sentiment Analysis 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product Type 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Million) and Volume Analysis By Product Type, 2018 to 2022 8.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Type, 2023 to 2033 8.3.1. Built-in Cooktops 8.3.2. Built-in Oven 8.3.3. Others 8.4. Market Attractiveness Analysis By Product type 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2018 to 2022 9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Application, 2023 to 2033 9.3.1. Commercial 9.3.2. Residential 9.4. Market Attractiveness Analysis By Application 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Sales Channel 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) and Volume Analysis By Sales Channel, 2018 to 2022 10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast Sales Channel, 2023 to 2033 10.3.1. Wholesalers/Distributors 10.3.2. Multi-Brand Stores 10.3.3. Specialty Stores 10.3.4. Hypermarket/Supermarkets 10.3.5. Online Retailers 10.3.6. Other Sales Channel 10.4. Market Attractiveness Analysis By Sales Channel 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 11.1. Introduction 11.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2018 to 2022 11.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2023 to 2033 11.3.1. North America 11.3.2. Latin America 11.3.3. Europe 11.3.4. East Asia 11.3.5. South Asia 11.3.6. Oceania 11.3.7. MEA 11.4. Market Attractiveness Analysis By Region 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 12.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 12.4.1. By Country 12.4.1.1. USA 12.4.1.2. Canada 12.4.2. By Product Type 12.4.3. By Application 12.4.4. By Sales Channel 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Product Type 12.5.3. By Application 12.5.4. By Sales Channel 12.6. Market Trends 12.7. Key Market Participants - Intensity Mapping 12.8. Drivers and Restraints - Impact Analysis 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 13.4.1. By Country 13.4.1.1. Brazil 13.4.1.2. Mexico 13.4.1.3. Argentina 13.4.1.4. Rest of Latin America 13.4.2. By Product Type 13.4.3. By Application 13.4.4. By Sales Channel 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Product Type 13.5.3. By Application 13.5.4. By Sales Channel 13.6. Market Trends 13.7. Key Market Participants - Intensity Mapping 13.8. Drivers and Restraints - Impact Analysis 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 14.4.1. By Country 14.4.1.1. United Kingdom 14.4.1.2. France 14.4.1.3. Germany 14.4.1.4. Italy 14.4.1.5. Spain 14.4.1.6. Rest of Europe 14.4.2. By Product Type 14.4.3. By Application 14.4.4. By Sales Channel 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Product Type 14.5.3. By Application 14.5.4. By Sales Channel 14.6. Market Trends 14.7. Key Market Participants - Intensity Mapping 14.8. Drivers and Restraints - Impact Analysis 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 15.4.1. By Country 15.4.1.1. China 15.4.1.2. Japan 15.4.1.3. South Korea 15.4.2. By Product Type 15.4.3. By Application 15.4.4. By Sales Channel 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Product Type 15.5.3. By Application 15.5.4. By Sales Channel 15.6. Market Trends 15.7. Key Market Participants - Intensity Mapping 15.8. Drivers and Restraints - Impact Analysis 16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 16.4.1. By Country 16.4.1.1. India 16.4.1.2. Indonesia 16.4.1.3. Malaysia 16.4.1.4. Thailand 16.4.1.5. Rest of South Asia 16.4.2. By Product Type 16.4.3. By Application 16.4.4. By Sales Channel 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Product Type 16.5.3. By Application 16.5.4. By Sales Channel 16.6. Market Trends 16.7. Key Market Participants - Intensity Mapping 16.8. Drivers and Restraints - Impact Analysis 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 17.4.1. By Country 17.4.1.1. Australia 17.4.1.2. New Zealand 17.4.2. By Product Type 17.4.3. By Application 17.4.4. By Sales Channel 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Product Type 17.5.3. By Application 17.5.4. By Sales Channel 17.6. Market Trends 17.7. Key Market Participants - Intensity Mapping 17.8. Drivers and Restraints - Impact Analysis 18. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 18.4.1. By Country 18.4.1.1. GCC Countries 18.4.1.2. South Africa 18.4.1.3. North Africa 18.4.1.4. Rest of MEA 18.4.2. By Product Type 18.4.3. By Application 18.4.4. By Sales Channel 18.5. Market Attractiveness Analysis 18.5.1. By Country 18.5.2. By Product Type 18.5.3. By Application 18.5.4. By Sales Channel 18.6. Market Trends 18.7. Key Market Participants - Intensity Mapping 18.8. Drivers and Restraints - Impact Analysis 19. Market Structure Analysis 19.1. Market Analysis by Tier of Companies (Built-in Large Cooking Appliances) 19.2. Market Concentration 19.3. Market Share Analysis of Top Players 19.4. Market Presence Analysis 19.4.1. By Regional Footprint of Players 19.4.2. Product Footprint by Players 19.4.3. Channel Footprint by Players 20. Competition Analysis 20.1. Competition Dashboard 20.2. Pricing Analysis by Competition 20.3. Competition Benchmarking 20.4. Competition Deep Dive 20.4.1. Samsung Electronics Co. Ltd 20.4.1.1. Overview 20.4.1.2. Product Portfolio 20.4.1.3. Profitability by Market Segments (Product/Application/Channel/Region) 20.4.1.4. Sales Footprint 20.4.1.5. Strategy Overview 20.4.2. Samsung Electronics Co. Ltd 20.4.2.1. Overview 20.4.2.2. Product Portfolio 20.4.2.3. Profitability by Market Segments (Product/Application/Channel/Region) 20.4.2.4. Sales Footprint 20.4.2.5. Strategy Overview 20.4.3. Morphy Richards 20.4.3.1. Overview 20.4.3.2. Product Portfolio 20.4.3.3. Profitability by Market Segments (Product/Application/Channel/Region) 20.4.3.4. Sales Footprint 20.4.3.5. Strategy Overview 20.4.4. LG Electronics Inc. 20.4.4.1. Overview 20.4.4.2. Product Portfolio 20.4.4.3. Profitability by Market Segments (Product/Application/Channel/Region) 20.4.4.4. Sales Footprint 20.4.4.5. Strategy Overview 20.4.5. Whirlpool Corporation 20.4.5.1. Overview 20.4.5.2. Product Portfolio 20.4.5.3. Profitability by Market Segments (Product/Application/Channel/Region) 20.4.5.4. Sales Footprint 20.4.5.5. Strategy Overview 20.4.6. Hitachi Appliances Inc. 20.4.6.1. Overview 20.4.6.2. Product Portfolio 20.4.6.3. Profitability by Market Segments (Product/Application/Channel/Region) 20.4.6.4. Sales Footprint 20.4.6.5. Strategy Overview 20.4.7. Koninklijke Philips N.V. 20.4.7.1. Overview 20.4.7.2. Product Portfolio 20.4.7.3. Profitability by Market Segments (Product/Application/Channel/Region) 20.4.7.4. Sales Footprint 20.4.7.5. Strategy Overview 20.4.8. AB Electrolux 20.4.8.1. Overview 20.4.8.2. Product Portfolio 20.4.8.3. Profitability by Market Segments (Product/Application/Channel/Region) 20.4.8.4. Sales Footprint 20.4.8.5. Strategy Overview 20.4.9. Haier Group Corporation 20.4.9.1. Overview 20.4.9.2. Product Portfolio 20.4.9.3. Profitability by Market Segments (Product/Application/Channel/Region) 20.4.9.4. Sales Footprint 20.4.9.5. Strategy Overview 20.4.10. GE Appliances 20.4.10.1. Overview 20.4.10.2. Product Portfolio 20.4.10.3. Profitability by Market Segments (Product/Application/Channel/Region) 20.4.10.4. Sales Footprint 20.4.10.5. Strategy Overview 20.4.11. Robert Bosch GmbH 20.4.11.1. Overview 20.4.11.2. Product Portfolio 20.4.11.3. Profitability by Market Segments (Product/Application/Channel/Region) 20.4.11.4. Sales Footprint 20.4.11.5. Strategy Overview 20.4.12. Others (on request) 20.4.12.1. Overview 20.4.12.2. Product Portfolio 20.4.12.3. Profitability by Market Segments (Product/Application/Channel/Region) 20.4.12.4. Sales Footprint 20.4.12.5. Strategy Overview 21. Assumptions and Acronyms Used 22. Research Methodology
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Built-in Large Cooking Appliance Market
