US Demand for Household Cooking Appliances to Reach $9.6 Billion in 2021
CLEVELAND, Feb. 6, 2018 /PRNewswire/ — US household cooking appliance demand is forecast to total $9.6 billion in 2021, according to Household Cooking Appliances: United States, a report recently released by Freedonia Focus Reports. Increasing housing starts as well as the need for replacement appliances in existing homes will drive gains over the forecast period.
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Demand for electric household cooking appliances is projected to remain the largest of any segment through 2021. Gains will be driven by growth in housing starts and disposable income levels. Shipments of gas household cooking appliances produced in US facilities are expected to grow the fastest of all segments through 2021, driven by rising housing starts, increasing disposable income levels, and the affordability of natural gas.
These and other key insights are featured in Household Cooking Appliances: United States. This report forecasts US household cooking appliance demand and shipments in US dollars at the manufacturer level to 2021. Total demand and shipments are segmented by product in terms of:
- electric cooking appliances
- gas cooking appliances
- microwave ovens
To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2006 to 2016.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Consumer Goods reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
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SOURCE The Freedonia Group