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Last updated on April 18, 2014 at 7:49 EDT

Global Household Cooking Appliances Market to Reach USD 79.8 Billion by 2018: Transparency Market Research

January 10, 2013

ALBANY, New York, January 10, 2013 /PRNewswire/ –

According to a new market report “Household Cooking Appliances Market – Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018,” published by
Transparency Market Research (http://www.transparencymarketresearch.com), the global
household cooking appliances market is expected to reach USD 79.8 billion by year 2018.
The market growth is driven by demand from Europe and Asia Pacific regions which are
experiencing shift in consumer demand, with consumers now looking for new, advanced, and
environment friendly products.

Browse the full report at

http://www.transparencymarketresearch.com/household-cooking-appliances-market.html

The global household cooking appliances market was worth USD 56.6 billion in 2012, and
is forecasted to expand by 29.1% from 2012 to 2018. A large part of this growth is
contributed by ovens, which despite being the second largest segment, is the fastest
growing product segment. The global household cooking appliances market is currently
dominated by cook-top segment, which account for about 46.1% of the global market revenue.

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The household cooking appliances market growth is globally driven by macro-economic
indicators such as rising population and consequent rise in number of new households,
increase in disposable income, and growing consumer awareness. Across the European region,
the household cooking appliances market is primarily driven by shift in consumer
preference for environment friendly products and technology, which is energy efficient and
clean. As a result, induction cooking and electricity operated appliances are more
dominant in the region.

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The trend for modular kitchen plays a significant role in driving the demand.
Microwave ovens have become an indispensable part of new households. A major population
trend which has opened up a new segment to cater to is the growing population of singles.
Also, rise in consumer awareness has resulted in consumers becoming more rationale towards
product features than their price. This trend is more evident in developed markets such as
North America and Europe. As a result, products such as microwaves and induction cook-tops
have become market drivers, and are leading growth contributors in their segments. The
recent trends such as dual fuel cook-tops and induction cooking based appliances are key
focus areas by industry leaders.

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The global household cooking appliances market is currently dominated by renowned
white goods industry leaders including AB Electrolux, LG Electronics, Whirlpool
Corporation, Daewoo Electronics, Haier Group, Panasonic, Philips, Fisher & Paykel
Appliances Holdings Ltd., and Robert Bosch Gmbh. Apart from these, there are many niche
players too, who are operating in their regional markets and presenting stiff competition
to global leaders through their low priced quality products, custom made to regional
cooking styles. Many of these global players are operating in specific segments of cooking
appliances and there are very few who have products in their portfolio which cover most of
the segments.

Browse all Consumer Goods Market Research Reports@

http://www.transparencymarketresearch.com/consumer-goods-market-reports-7.html

About Us

Transparency Market Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of quantitative forecasting
and trends analysis provides forward-looking insight for thousands of decision makers. We
are privileged with highly experienced team of Analysts, Researchers, and Consultants, who
use proprietary data sources and various tools and techniques to gather, and analyze
information.

Our data repository is continuously updated and revised by a team of research experts,
so that it always reflects the latest trends and information. With a broad research and
analysis capability, Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research material for business
reports.

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