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Growth will be boosted by an improvement in the key US market, with demand stemming in large part by a recovery in the country’s large housing industry. In addition, rising standards of living in many developing areas will contribute to overall sales. Advances in the number of foodservice establishments worldwide, which itself is a byproduct of rising living standards, will provide further impetus for growth. China & India to experience robust growth The US was the world’s largest consumer of cooking appliances in 2012, a result of high saturation rates and a sizable housing stock. While most appliance purchases in the US are for replacement purposes, the swift rebound in new housing units will generate substantial demand through the forecast period. Developing areas will offer the best prospects for growth through 2017, since the penetration rate for cooking appliances is generally smaller, which results in a larger pool of first time purchasers. In addition, these countries typically have a booming housing industry, further contributing to overall demand gains. Developing countries such as China and India will record particularly robust growth through 2017. Low penetration rates in these nations, particularly in rural areas, have historically limited demand opportunities. However, improving standards of living will cause cooking appliance demand to increase at a rapid rate going forward. Shift toward separate cooktops to boost unit demand In general, demand for cooking appliances will be stimulated by the global shift towards separate cooktop and oven units. While most developed countries have been transitioning towards separate cooking appliances for quite some time, consumers in a number of developing nations are beginning to opt for separate cooktops and ovens over ranges. Cooktops and ovens offer a more seamless design into a kitchens cabinetry, providing a greater degree of aesthetic appeal. However, the purchase of separate cooktops and ovens requires some level of affluence, for initial market penetration of cooking appliances is comprised largely of ranges. These appliances are significantly less expensive than cooktops and ovens, and provide the essential functions of preparing meals. Commercial market to outpace residential The residential market accounts for the vast majority of demand, since the number of households far surpasses the number of foodservice establishments worldwide. However, demand for cooking appliances in the much smaller commercial segment will grow at a faster rate than residential demand. The lifestyle of many consumers is increasingly fastpaced, which results in less time available for meal preparation at home. As a result, a larger percentage of meals are eaten away from home, benefiting growth in food-service establishents. Additionally, as a larger share of the world’s population migrates towards urban centers, the number of foodservice establishments will also rise, as restaurants tend to be concentrated in areas with a high population density. Both of these factors will play a vital role in the future growth of commercial cooking appliances. Study coverage This upcoming Freedonia industry study, World Cooking Appliances, is priced at $6100. It presents historical demand data (2002, 2007, 2012) plus forecasts (2017, 2022) by product (e.g., cooktops, hoods, microwaves, ovens, ranges, fryers, grills and griddles), market (commercial, residential), world region and in 17 countries. The study also considers market environment factors, evaluates company market share and profiles 36 global competitors. Table of Contents : INTRODUCTION xii I. EXECUTIVE SUMMARY 1 II. MARKET ENVIRONMENT 4 General 4 World Demographic Outlook 5 Urbanization Patterns 7 Household Formation Patterns 9 World Economic Environment 11 Recent Historical Trends 11 World Economic Outlook 13 Personal Income & Expenditure Trends 16 Residential Building Construction Expenditures 18 Housing Stock by Region 20 New Housing Demand by Region 23 World Foodservice Industry Outlook 25 Cooking Appliance Pricing Patterns 28 Legal & Regulatory Issues 30 Technology & Product Innovations 31 Performance 31 Energy Efficiency 32 Aesthetic Appeal 32 III. OVERVIEW 34 General 34 Appliance Ownership Rates 37 Regional Sales Trends 38 Products 40 Residential 41 Microwaves 44 Cooktops 45 Hoods 47 Ranges 48 Ovens 50 Commercial Cooking Appliances 51 World Cooking Appliance Production 53 International Trade Flows 56 IV. NORTH AMERICA 58 Overview 58 Residential Cooking Appliance Supply & Demand 61 Commercial Cooking Appliance Supply & Demand 64 United States 65 Canada 73 Mexico 78 V. WESTERN EUROPE 84 Overview 84 Residential Cooking Appliance Supply & Demand 87 Commercial Cooking Appliance Supply & Demand 90 France 91 Germany 97 Italy 103 Netherlands 109 Spain 115 United Kingdom 121 Other Western Europe 126 VI. ASIA/PACIFIC 133 Overview 133 Residential Cooking Appliance Supply & Demand 136 Commercial Cooking Appliance Supply & Demand 139 Australia 140 China 146 India 154 Indonesia 159 Japan 165 South Korea 171 Other Asia/Pacific 177 VII. OTHER REGIONS 184 Central & South America 184 Residential Cooking Appliance Supply & Demand 187 Commercial Cooking Appliance Supply & Demand 190 Brazil 191 Other Central & South America 197 Eastern Europe 202 Residential Cooking Appliance Supply & Demand 205 Commercial Cooking Appliance Supply & Demand 207 Russia 208 Other Eastern Europe 214 Africa/Mideast 220 Residential Cooking Appliance Supply & Demand 223 Commercial Cooking Appliance Supply & Demand 226 About Author Bio: I am working with a market research company which provides market research reports , custom research, company profiles, industry analysis, country reports , business reports, online databases and the report on World Cooking Appliances Market Report etc. Through our industry analysis you can identify opportunities, analyze the requirements of the customers and study the competition sector wise.
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