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ALBANY, N.Y. , July 21, 2022 /PRNewswire/ -- The global household cooking appliances market is estimated to register growth at a CAGR of 6.3% during the forecast period from 2022 to 2031, as per a study by Transparency Market Research (TMR). Hence, the household appliances market share is prognosticated to surpass a valuation of US$ 126.4 Bn by 2031.
The TMR report offers in-depth analysis of key factors impacting the growth curve of the household cooking appliances market. Hence, readers gain access to the assessment of the growth drivers, growth restraints, challenges, top basic kitchen appliances, and R&Ds in the market.
People around the world are inclining toward the use of energy-saving alternatives including small cooking appliances and air frying. This factor is estimated to help in expansion of the small home appliances market size in the forthcoming years. Moreover, leading household cooking appliances manufacturers are focusing on the development of devices with small sizes in order to cater to the current market demands. This factor, in turn, is propelling the household cooking appliances market.
According to the project report for kitchen appliances by TMR, the household cooking appliances market in Asia Pacific is prognosticated to maintain its dominating position during the forecast period owing to factors including the existence of leading market players, presence of huge residential sector in ASEAN, and improving purchasing power of people in the region.
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Household Cooking Appliances Market: Key Findings
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Household Cooking Appliances Market: Growth Boosters
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Household Cooking Appliances Market: Key Players
Some of the key players profiled in the report are:
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Household Cooking Appliances Market Segmentation
Consumer Goods & Services Research Reports
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Small Domestic Appliances Market - The small domestic appliances market is projected to advance at a favorable CAGR of 6% during the assessment period
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Transparency Market Research registered at Wilmington, Delaware , United States , is a global market research company that provides global industry analysis reports and business consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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