Electric Ranges Market Research Report offered by DecisionDatabases.com provides a detailed study on the industrial development of the market under the forecast period 2019-2025. The Global Electric Ranges Industry Report gives an elaborate information about the market size, share and analyzes the complete value chain the report also covers the market dynamics enriching business strategists with quality data about the Electric Ranges market.
This research report categorizes the global Electric Ranges market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis.
An electric stove or electric range is a stove with an integrated electrical heating device to cook and bake. Electric stoves became popular as replacements for solid-fuel (wood or coal) stoves which required more labor to operate and maintain. Some modern stoves come in a unit with built-in extractor hoods.
As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing to underdevelopment regions these years. In the long run, urbanisation is expected to drive steady expansion in the kitchen appliance industry. As of 2016, China’s urbanisation rate stood at 57.4% and is projected to go up by about one percentage point annually. Advances in urbanisation, the real estate market and smart home appliances are conducive to the development of the kitchen appliance market.
The high price of contemporary devices may pose a barrier to their demand.
However, with the increased disposable income of people and rising standard of living, the demand for high-end devices is expected to increase over time. Also, the growing number of single professionals or students who prefer takeaway food rather than setting up their kitchen may pose a barrier. However, the demand for these devices has been robust in the past and is projected to grow further.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
In 2017, the global Electric Ranges market size was 7740 million US$ and is forecast to 11700 million US in 2025, growing at a CAGR of 5.3% from 2018. The objectives of this study are to define, segment, and project the size of the Electric Ranges market based on company, product type, application and key regions.
The various contributors involved in the value chain of Electric Ranges include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in the Electric Ranges include
- GE Appliances (Haier)
- Whirlpool
- Electrolux
- Sears Holdings Corporation
- Samsung
- LG Electronics
- Peerless Premier Appliance
- Bosch
- Sharp
- Fisher & Paykel Appliances
- Viking Range
- Wolf Appliance
- Danby Products Limited
- Felix Storch, Inc.
Market Size Split by Type
- By Width
- By Width
- 20 Inch
- 24 Inch
- 27 Inch
- 30 Inch
- Others
- By Number of Burners
- 1 Burner
- 4 Burners
- 5 Burners
- Others
By Range Types
- Freestanding
- Slide-In
- Drop-In
Market Size Split by Application
Market size split by Region
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Singapore
- Malaysia
- Philippines
- Thailand
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Central & South America
- Brazil
- Rest of Central & South America
- Middle East & Africa
- GCC Countries
- Turkey
- Egypt
- South Africa
The study objectives of this report are:
- To study and analyze the global Electric Ranges market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
- To understand the structure of Electric Ranges market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global Electric Ranges manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Electric Ranges with respect to individual growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of Electric Ranges submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.