U.S. Range Cooker Market: Overview
The U.S. range cooker market will expand at a healthy CAGR during the assessment period of 2020-2030, mainly due to the enhanced living standards and the increasing preference for modular kitchens in the U.S. The increasing use of range cookers due to their extensive benefits will bring promising growth for the U.S. range cooker market.
A range cooker blends a hob and an oven into a single freestanding appliance. The oven is typically bigger than a standalone, integrated oven. Range cookers have a plethora of features as compared to a standard oven. The cooking settings provide greater control and ease while cooking different food types. Precisely, a range cooker offers more features than a regular oven. All these advantages invite exponential growth opportunities for the U.S. range cooker market.
On the basis of size, the U.S. range cooker market can be segmented into 20”, 24”, 30”, and above 30”.These range cookers are used in residential as well as commercial applications. The price brackets of range cookers are also segmented as USD 1000 and below, USD 1001-USD 3000, USD 3001-USD 5000, and above USD 5000. The range cookers are distributed through online and offline channels.
The report offers a 360-degree view of the U.S. range cooker market. The report provides specific insights that help stakeholders and CXOs to devise their business strategies accordingly. Focus on a single region enables the stakeholders to access point-to-point information and developments that can help in propelling the growth prospects of the U.S. range cooker market. The COVID-19 pandemic has entirely changed the growth projections across many industries and sectors. The U.S. range cooker market is no exception. The report covers the current COVID-19 situation and the impact of the pandemic on the U.S. range cooker market.
U.S. Range Cooker Market: Competitive Aspects
Many players in the U.S. range cooker market are engaged in fierce competition. The players in the U.S. range cooker market direct their efforts toward new product launches and attractive advertising strategies. These aspects help in the overall development of the U.S. range cooker market. The players also invest in research and development activities. These activities help explore novel insights and boost the revenues, eventually contributing to the growth of the U.S. range cooker market.
Some well-entrenched players in the U.S. range cooker market are GE Appliances, Frigidaire, Whirlpool, Amana, Monogram, Viking, Premier, Samsung, and LG KitchenAid.
U.S. Range Cooker Market: Recent Developments
Online Segment to Dominate the Distribution Channel Arena
As 2020 began, the world faced the novel coronavirus pandemic, which has changed the way the world functioned before. Many businesses and sectors had to alter their strategies abruptly to cope up with the circumstances. The rising prevalence of the virus forced many companies to strengthen their online distribution channels as retail stores were closed for long periods. The emergence of second and third waves has also led to repeated lockdown enforcements. This factor is raising awareness among the players to expand their online distribution mechanisms.
Innovative Technologies to Add Extra Stars of Growth
The utilization of the latest technologies in the U.S. range cooker market is expected to bring tremendous growth opportunities for the U.S. range cooker market. The players are introducing novel features that are convenient for the end-users. These factors bode well for the growth of the U.S. range cooker market.
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