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



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

  PR Newswire

  ALBANY, New York, 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.

Upcoming Reports in Consumer Goods Market

Printing Inks Market

Intelligent Packaging Market

Laundry Care Market

Microwave Ovens Market

Home Care Market

Small Appliances Market

Therapeutic Beds Market

Luxury Goods Market

Nutricosmetics Market

Eyewear Market

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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