DUBLIN–(BUSINESS WIRE)–The LAMEA Household Cooking Appliances Market size, share and trend analysis report by product, by type of hobs and cookers, by type of ovens, by Structure, by Distribution Channel, by Country and Growth Forecast, 2021-2027″ report has been added to from ResearchAndMarkets.com offer.
The Household Cooking Appliances Market in Latin America, Middle East and Africa is expected to witness a market growth of 8.5% CAGR during the forecast period (2021-2027).
Customers are placing more emphasis on equipping their kitchens with smart appliances to increase the efficiency of their operations and save fuel. Moreover, as customers become more aware of climate change, they are more motivated to adopt fuel-efficient items in their daily lives, which increases the demand for smart kitchen appliances in this region.
The acceptance of innovative technology-based kitchen appliances will lead to increased demand in this region as technological improvements continue to accelerate.
Smart kitchen appliances come in a variety of sizes and shapes and can perform a wide range of automated tasks. The increased demand for smart kitchen appliances in this region is due to features like voice assistants in different smart kitchen equipment. There is an increase in the adoption of smart appliances among the households in this region, which is motivating the major market players to introduce advanced household cooking appliances in the region.
With the development of enhanced products, several industry players are establishing or strengthening their presence in the regional market, which is expected to propel the growth of the regional household cooking appliances market over the coming period.
The Brazilian market led the LAMEA household cooking appliances market by country in 2020 and is expected to continue to be a dominant market till 2027; thus reaching a market value of $10,440.9 million by 2027. The Argentine market shows a CAGR of 9.1% during (2021 – 2027). Additionally, the UAE market is expected to show a CAGR of 8.3% during (2021 – 2027).
Scope of the study
Market Segments Covered in the Report:
Hobs and cookers
Based on electricity
Conventional & Convection
By distribution channel
Main market players
List of companies featured in the report:
Koninklijke Philips NV
Samsung Electronics Co., Ltd. (Samsung Group)
LG Electronics, Inc. (LG Corporation)
Robert Bosch GmbH
Haier Smart Home Co., Ltd. (Haier Group Corporation)
WINIA Electronics Co.,Ltd.
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market Overview
188.8.131.52 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market constraints
Chapter 3. Competitive Analysis – Global
3.1 Cardinal matrix of the editor
3.2 Recent Industry-Wide Strategic Developments
3.3 Main winning strategies
3.3.1 Key Primary Strategies: Percentage Breakdown (2017-2021)
Chapter 4. LAMEA Household Cooking Appliances Market by Product
Chapter 5. LAMEA Household Cooking Appliances Market by Structure
Chapter 6. LAMEA Household Cooking Appliances Market by Distribution Channel
Chapter 7. LAMEA Household Cooking Appliances Market by Country
Chapter 8. Business Profiles
For more information about this report visit https://www.researchandmarkets.com/r/3ye69p
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