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Overview of the kitchen ranges market in Europe
Technavio's market study identifies the increasing demand for kitchen ranges is primarily due to product upgrades and new designs, consequently it has proved to be one of the primary growth factors for the kitchen ranges market in Europe. Vendors in the market are launching innovative and technologically-upgraded kitchen ranges with features such as times, self-cleaning, modes, child lockout, and light-emitting diodes (LED) touchpads. Products integrated with surplus features encourages the consumers to pay premium prices and make replacement purchases for their kitchen ranges. The market analysts estimate that the market will post a revenue of more than USD 4 billion by 2021.
Increasing standards of living and growing technological awareness among the consumers is encouraging the consumers to become tech-savvy and use modern appliances to benefit them. Smart homes and advances in technology contribute to the demand for smart appliances that enable smartphone connectivity and remote monitoring. Consequently, vendors are offering integrated kitchen appliances with smart home products using Wi-Fi and voice connectivity. Technavio identifies smart homes encouraging the demand for smart kitchen ranges to be one of the key trends contributing towards the growth of the kitchen ranges market in Europe.
Competitive landscape and key vendors
The kitchen ranges market in Europe is highly fragmented due to the presence of several international, regional, and local players competing based on price, quality, brand, and variety. Kitchen ranges vendors focus extensively on product innovation and product portfolio expansion to attain competitive advantage in the kitchen appliances market. These vendors are adopting several business strategies such as M&A and geographical expansion in Europe. Additionally, the intense competition among the cooking stove vendors is encouraging the vendors to develop innovative and sustainable products.
The leading vendors in the market are -
The other prominent vendors in the market are Arcelik, BERTAZZONI, Gorenje, Haier, ILVE Appliances, Miele, SUB-ZERO GROUP, SMEG, VIKING RANGE, and Verona.
Segmentation by product and analysis of the kitchen ranges market in Europe
The freestanding range is increasingly preferred by the consumers as the consumer can place the freestanding range as per their preference and it offers high ease of installation and low-cost advantage. Additionally, technological innovations and wide product varieties offered by the consumers will contribute to the growth of the freestanding range segment in the kitchen appliances market.
Segmentation by fuel type and analysis of the kitchen ranges market in Europe
Consumers are increasingly preferring the electric range, that includes smooth top, electric coil, and induction, as these products provide high energy efficiency, safety, ease of cleaning, high aesthetic appeal, and low installation costs. Electric ranges produce superior cooked products in lesser time, as compared to traditional ovens.
Key questions answered in the report include
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This upcoming report on the kitchen ranges market in Europe is an essential part of the consumer and retail portfolio under the fast-growing subdivision like general retail goods and services. This report aims at approximating the major trends and market drivers that persuade the growth of the general retail goods and services industry.
Our market research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep up-to-speed with the frequently changing market landscape. The market research experts at Technavio also considers the market forecast, market size, and increasing demand for various general retail goods and services products and services and offers an all-inclusive picture of the kitchen ranges market in Europe for the estimated period of 2017-2021.
This upcoming market research report on the kitchen ranges market in Europe also covers vendors like Electrolux AB, Haier Electronics Group Co. Ltd., LG Electronics, Panasonic Corporation, and Samsung Electronics. The upcoming industry research report for kitchen ranges market in Europe also categorizes the key drivers, major trends, as well as the constraints that the general retail goods and services sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the upcoming events within the consumer and retail industry. Technavio also provides insights into the sectors such as cosmetics and toiletry and toys and baby products.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 07: Market segmentation by fuel-type
PART 08: Market segmentation by end-user
PART 09: Market segmentation by retail format
PART 10: Key leading countries
PART 11: Decision framework
PART 12: Drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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