Published by Coherent Market Insights
Posted on September 28, 2021
3 min readLast updated: February 1, 2026
The household cooking appliances market is set to grow at a 5.9% CAGR from 2020 to 2027, driven by IoT integration and urbanization.
The global household cooking appliances market valued US$ 84,508.20 million in terms of revenue in 2019 and is predicted to grow at a CAGR of 5.9% during the forecast period (2020 to 2027).
Key companies: AB Electrolux, Daewoo Electronics Corporation, Whirlpool Corporation, Haier Group Company, LG Electronics, Panasonic, Philips Electronics, Videocon Industries Limited, Robert Bosch Gmbh, Fisher & Paykel Appliances Holdings Ltd., Stoves Appliance Company (Glen Dimplex Home Appliances Ltd.), and Miele & Cie. KG.
Request a sample copy of the report to understand the structure of the complete report: https://www.coherentmarketinsights.com/insight/request-sample/4601
North America region accounted for significant market share in the global household cooking appliances market owing to rising popularity of connected cooking, that involves the interconnection of kitchen appliances via the Internet of Things (IoT). In addition, strategic collaborations and partnerships among target market key players in North America is boosting the region’s household appliances market.
Growth in the urban population around the globe is expected to provide lucrative opportunities to the market. According to the stats by United Nation, at present, 55% of the world’s population lives in urban areas, and this number is expected to increase to 68% by 2050 driven by the gradual shift in residence of the human population from rural to urban areas, combined with the overall growth of the world’s population.
In addition, growing popularity of the specialized appliances that are used for a specific function in the preparation of food is expected to serve as a key growth factor for the market. Increasing globalization has led to the introduction of various exotic dishes around the globe which is further driving demand for various types of cooking devices. Thus, the growing popularity of specialized devices due to globalization is projected to foster the market growth of the household cooking appliances in the near future.
Talk To Analyst: https://www.coherentmarketinsights.com/insight/talk-to-analyst/4601
Key features of the study:
The post Household Cooking Appliances Market: A Brief History with Modern Facts and Figures appeared first on Gatorledger.
The article discusses the growth and trends in the global household cooking appliances market.
How is IoT influencing the cooking appliances market?
What role does urbanization play in market growth?
Explore more articles in the Research Reports category
