According to a new report, published by KBV research, The Global Cookers & Ovens Market size is expected to reach $220.1 billion by 2028, rising at a market growth of 5.7% CAGR during the forecast period.
The Online segment is showcasing a CAGR of 8.2% during (2022 - 2028). This increase can be ascribed to cooker and oven manufacturers' greater focus on the internet trading, which is more secure than traditional trading. Consumers buy cookers and ovens online for a variety of reasons, including the availability of different domestic and international brands, efficient transaction solutions, customer-oriented delivery services, and secure payment ways
The Cooktops & Cooking Ranges segment acquired maximum revenue share in the Global Cookers & Ovens Market by Type in 2021, thereby, achieving a market value of $170.3 Billion by 2028. It is due to cooktops and cooking ranges are energy-efficient cooking solutions. Induction cooktops with dual heat sensors are becoming more popular, which is driving up demand for these kitchen gadgets. The cooktops and cooking ranges are observing rising consumer demand for charcoal lighting heater-based ovens.
The Asia Pacific market dominated the Global Cookers & Ovens Market by Region in 2021, thereby, achieving a market value of $78.9 Billion by 2028, growing at a CAGR of 6.1 % during the forecast period. The North America market is estimated to witness a CAGR of 5% during (2022 - 2028). Additionally, The Europe market would display a CAGR of 5.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/cookers-ovens-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Haier Smart Home Co., Ltd. (Haier Group Corporation), Samsung Electronics Co., Ltd. (Samsung Group), LG Electronics, Inc. (LG Corporation), Robert Bosch GmbH, Groupe SEB, Wilh. Werhahn KG (ZWILLING J.A. Henckels AG), Koninklijke Philips N.V., Fissler GmbH, and Electrolux AB.
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