The global built-in large cooking appliances market is poised for significant growth, as per the newly released data by Future Market Insights (FMI). Estimated at USD 12.2 billion in 2023, the market is forecast to reach USD 21.8 billion by 2033, expanding at a robust compound annual growth rate (CAGR) of 5.9% during the forecast period from 2023 to 2033. This surge underscores a growing consumer preference for modern, energy-efficient, and space-saving kitchen solutions.
The built-in large cooking appliances segment, which constitutes approximately 7-10% of the overall kitchen appliance market, is witnessing rapid innovation driven by smart technology integration and rising demand for energy-efficient solutions. As the demand for modern kitchen appliances continues to grow, built-in cooking appliances are being increasingly adopted in compact homes, urban environments, and high-end residential spaces.
Key Factors Driving Growth
- Smart Home Technology and Consumer Convenience: Consumer interest in smart home technologies is reshaping the market, as appliances with Wi-Fi connectivity, voice assistants, and smart features such as touchscreens and cameras gain popularity. These innovations enable remote monitoring and control through smartphones, adding convenience and modern appeal.
- Energy Efficiency: With rising environmental awareness, many consumers are gravitating toward Energy-Star rated appliances. The trend toward sustainable living, coupled with government incentives and energy-saving features, is contributing to the increasing adoption of energy-efficient built-in cooking appliances. Manufacturers are responding by enhancing the energy-saving attributes of their products, positioning them as key players in the sustainable appliance market.
- Aesthetic Integration: Built-in appliances are becoming a key feature of modern kitchen designs, offering a seamless and aesthetically pleasing integration with home decor. The growing popularity of modular kitchens, particularly in homes with limited space, is driving demand for built-in large cooking appliances.
- Shifting Demographics: The rising disposable income, especially in emerging economies, and changing societal roles are further pushing demand. As more women join the workforce and urbanization increases, consumers are opting for built-in appliances that offer efficiency and space-saving benefits.
- Increased Demand in Commercial Sectors: The hospitality industry is also contributing to the market’s growth. As the tourism and foodservice sectors experience an uptick in consumer spending, commercial kitchens are modernizing their operations by integrating high-performance, energy-efficient built-in cooking appliances.
Regional Insights
- USA: Dominating the market with a 25.1% share in 2023, the USA is projected to see a slight decline to 22.3% by 2033. The demand for innovative kitchen solutions, coupled with consumer awareness of green technologies, will continue to fuel growth.
- India: With increasing urbanization and a growing middle class, India’s market share is expected to grow from 4.5% in 2023 to 5.2% by 2033. The shift toward energy-efficient, easy-to-maintain built-in appliances is gaining momentum in India.
- China: China is experiencing robust growth due to the demand for high-end kitchen products and a rising standard of living. Quality, functionality, and design are key factors influencing the purchasing decisions in this market.
Competitive Landscape
Market players are focusing on the development of energy-efficient appliances by exploring new raw materials, production methods, and innovative thermal element designs. Leading companies in the industry are continuously updating their product portfolios with the latest technologies. A substantial portion of their R&D investments is dedicated to creating next-generation products that incorporate advanced technologies such as artificial intelligence (AI) and the Internet of Things (IoT).
For Instance,
- Robert Bosch GmbH’s Gaggenau luxury home appliance brand 400 Series Combi-Steam Oven enables customers to save up to 50 recipes for regularly prepared items and includes smartphone control options. Technology and features like touch screen doors, Wi-Fi connection, voice control assistance and self-cleaning are also being offered by the major participants in the built-in large cooking appliances industry.
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
Tap into Expertise: Discuss with Our Analyst on Email: sales@futuremarketinsights.com
Built-in Large Cooking Appliances Market by Category
Product Type:
- Built-in Cooktops
- Built-in Ovens
- Others
By Application:
- Commercial
- Residential
By Sales Channel:
- Wholesalers/Distributors
- Multi-Brand Stores
- Specialty Stores
- Hypermarket/Supermarkets
- Online Retailers
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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