Technology Set to Play Key Role in Growth of Household Cooking Appliances Market as Demand for Smart Products Increases from 2018 to 2026, Notes TMR

- Demand for energy efficient cooking appliances is growing in the global household cooking appliances market, leading players towards innovation

- Increase in disposable incomes, particularly due to an increase in number of women in workforce, is set to push the market on to a higher growth trajectory from 2018 to 2026

ALBANY, New York, June 3, 2020 /PRNewswire/ -- The global household cooking appliances market is growing at a steady pace and this is an outcome of multiple trends and drivers that are marking its landscape. From 2018 to 2026, the market will record a growth rate of 6.1%, compounded annually. It is quite interesting to note here that this will lead the market to a notable worth of USD 110.58 billion by the end of the forecast period.

As per Transparency Market Research, "One of the biggest factors of growth in the global household cooking appliances market is growth in dual-income families - where both adults of a family work for a living. This is particularly true of nuclear family set-ups, which are seeing an increase world over, even in countries where joint families were the norm."

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Key Findings of Global Household Cooking Appliances Market Study:

• Cooktops and cooking ranges to contribute significantly to growth in the market owing to technological advancement
• Induction cooktops to chart notable CAGR over the next few years; gas cooktops to hold sizeable revenue share in the period
• Asia Pacific to grow at a sturdy rate over the forecast period

Get research-based insights and factual information about the growth of the Household Cooking Appliances Market (Product - Cooktops and Cooking Ranges (Gas Cooktops, Electrical Coil Cooktops, Induction Cooktops), Ovens (Conventional/ Thermal Ovens (Static Heating, Hot Air Convection), Microwave Ovens ( High-end Microwave Oven - Static Heating, Hot Air Convection, Medium-end Microwave Oven - Static Heating, Hot Air Convection, Low-end Microwave Oven - Static Heating, Hot Air Convection), Specialized Appliances; Application - Built-in, Free Standing) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026 at https://www.transparencymarketresearch.com/household-cooking-appliances-market.html