DUBLIN, October 4, 2017 /PRNewswire/ --
The "Kitchen Ranges Market in Europe 2017-2021" report has been added to Research and Markets' offering.
The kitchen ranges market in Europe is forecast to grow at a CAGR of 3.89% during the period 2017-2021.
The report, Kitchen Ranges Market in Europe 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is smart homes augmenting the demand for smart kitchen ranges. Consumers have become tech-savvy and gained knowledge regarding the use and benefits of modern appliances due to the thrust on digitalization. The increase in the standards of living of most European consumers is boosting the demand for connectivity-enabled smart kitchen appliances.
According to the report, one driver in the market is product upgrades and new designs increasing demand for kitchen ranges. The buying trend of household appliances in Europe depends primarily on replacement purchases because almost all European homes are equipped with kitchen ranges. The vendors in the market are focusing on introducing innovative features and technology upgrades to entice consumers for upgrade purchases. For instance, in 2015, Samsung Electronics has upgraded its Flex Duo Oven Range with a dual door, which offers two doors that have been integrated into one range.
Further, the report states that one challenge in the market is infrequent purchases and high average replacement cycle. The average life cycle of kitchen ranges hinders the growth of the market. Most kitchen range purchases are replacement purchases with an average replacement cycle of eight to ten years. Moreover, they are expensive and considered as a one-time expenditure by many consumers. Many residential consumers are reluctant to invest in kitchen ranges as they assume that returns on investment for these appliances are not substantial and that their costs overweight their benefits.
- LG Electronics
- Robert Bosch
- Samsung Electronics
Other prominent vendors
- ILVE Appliances
Key Topics Covered:
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
For more information about this report visit https://www.researchandmarkets.com/research/bthttx/kitchen_ranges
Laura Wood, Senior Manager
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SOURCE Research and Markets