Integrated Stove Market Industry Growth, Competitive Analysis, Future Prospects And Forecast 2027February 24, 2021
Integrated Stove Market: Introduction
- An integrated stove or integrated cooker which is in-built in the kitchen along with other kitchen appliances such as ovens, dishwashers, cooking hoods, and microwaves is significantly wider than the conventional freestanding stove or cooker.
- Technological developments in integrated stoves have increased their demand in recent years. The product offers several advantages such as high efficiency, with low energy consumption. It also offers a non-heating glass surface which protects consumers from burn injuries.
- Modern ways of distribution and expansion of manufacturers through e-commerce is supporting the growth of the integrated stove market globally. Additionally, social media and blogs are helping manufacturers stay updated with latest trends and demands of consumers.
Demand for Kitchen Appliances to Drive the Global Integrated Stove Market
- Demand for new kitchen appliances embedded with the latest technology and fuel efficiency, and continuous development in the product to make it more advanced and consumer friendly is likely to drive the integrated stove market during the forecast period. Europe and the U.S. have various labelling schemes for integrated stoves on the basis of their performance to make them more fuel or electric efficient and this reduces cost of the product by lowering the energy consumed.
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Increasing Single Households and Penetration of E-commerce to drive the Integrated Stove Market
- Growing urban population and increasing trend of nuclear families has increased the number of households. Growing disposable income of consumers has changed their lifestyle, enabling them to buy new and advanced products. Increasing consumer awareness about technically advanced products has driven the demand for these products.
Europe to Hold Leading Share of the Global Integrated Stove Market
- Geographically, the global integrated stove market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the integrated stove market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the integrated stove market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America integrated stove market is segmented into Brazil, and Rest of South America.
- Europe dominates the market share due to consumer awareness about integrated stoves. European countries are advanced in developing kitchen appliances in compliance with rules and regulations of different associations to make them safer and consumer friendly. These factors are expected to drive the demand for integrated stoves in the region
- The market in Asia Pacific is anticipated to rise at the fastest CAGR during the forecast period. Consumer awareness about the product and change in lifestyle of consumers due to increasing disposable income is anticipated to drive the demand for the product during the forecast period.
Key Players Operating in the Integrated Stove Market
The integrated stove market is fragmented with several global and regional players. Major players are adopting various strategies such as regional expansion and product portfolio expansion to enhance their position in the market.
Vestel Company has designed an integrated stove which has the auto power off option. If a consumer has forgotten to switch off the stove, it will automatically power off in a certain period of time to save fuel consumption.
A few of the key players operating in the global integrated stove market are:
- Electrolux AB
- Elica SpA
- General Electric Company
- NunnaUuni Oy
- Prestige Appliances
- Robert Bosch GmbH
- TECNOSUPERIORE S.R.L.
- Thermorossi S.p.A
- Whirlpool Corporation
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