Integrated Stove Market: Introduction
- An integrated stove or integrated cooker which is in-built in the kitchen along with other kitchen appliances such as ovens, dishwashers, cooking hoods, and microwaves is significantly wider than the conventional freestanding stove or cooker.
- Technological developments in integrated stoves have increased their demand in recent years. The product offers several advantages such as high efficiency, with low energy consumption. It also offers a non-heating glass surface which protects consumers from burn injuries.
- Modern ways of distribution and expansion of manufacturers through e-commerce is supporting the growth of the integrated stove market globally. Additionally, social media and blogs are helping manufacturers stay updated with latest trends and demands of consumers.
Demand for Kitchen Appliances to Drive the Global Integrated Stove Market
- Demand for new kitchen appliances embedded with the latest technology and fuel efficiency, and continuous development in the product to make it more advanced and consumer friendly is likely to drive the integrated stove market during the forecast period. Europe and the U.S. have various labelling schemes for integrated stoves on the basis of their performance to make them more fuel or electric efficient and this reduces cost of the product by lowering the energy consumed.
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Increasing Single Households and Penetration of E-commerce to drive the Integrated Stove Market
- Growing urban population and increasing trend of nuclear families has increased the number of households. Growing disposable income of consumers has changed their lifestyle, enabling them to buy new and advanced products. Increasing consumer awareness about technically advanced products has driven the demand for these products.
Europe to Hold Leading Share of the Global Integrated Stove Market
- Geographically, the global integrated stove market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the integrated stove market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the integrated stove market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America integrated stove market is segmented into Brazil, and Rest of South America.
- Europe dominates the market share due to consumer awareness about integrated stoves. European countries are advanced in developing kitchen appliances in compliance with rules and regulations of different associations to make them safer and consumer friendly. These factors are expected to drive the demand for integrated stoves in the region
- The market in Asia Pacific is anticipated to rise at the fastest CAGR during the forecast period. Consumer awareness about the product and change in lifestyle of consumers due to increasing disposable income is anticipated to drive the demand for the product during the forecast period.
Key Players Operating in the Integrated Stove Market
The integrated stove market is fragmented with several global and regional players. Major players are adopting various strategies such as regional expansion and product portfolio expansion to enhance their position in the market.
Vestel Company has designed an integrated stove which has the auto power off option. If a consumer has forgotten to switch off the stove, it will automatically power off in a certain period of time to save fuel consumption.
A few of the key players operating in the global integrated stove market are:
- Electrolux AB
- Elica SpA
- General Electric Company
- NunnaUuni Oy
- Prestige Appliances
- Robert Bosch GmbH
- TECNOSUPERIORE S.R.L.
- Thermorossi S.p.A
- Whirlpool Corporation
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Global Integrated Stove Market: Research Scope
Global Integrated Stove Market, by Product type
- Deep Well Type
- Side Suction Type
Global Integrated Stove Market, by Burners
- 2 Burners
- 3 Burners
- 4 Burners
Global Integrated Stove Market, by Application
Global Integrated Stove Market, by Distribution Channel
- E-commerce Platforms
- Company Website
- Hypermarkets/ Supermarkets
- Specialty Stores
- Retail Stores
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.