United States Gas Ranges Market to be Dominated by Residential Sector During the Forecast Period
Growing number of food &
beverage producers and increasing the number of product launches in United
States are the key factors driving the US market for gas ranges.
According
to TechSci Research report, “United
States Gas Ranges Market”- By Region, Competition
Forecast and Opportunities, 2018-2028”, The
United States gas range market in recent years, US gas
ranges market has expanded significantly. For basic roasting and
cooking requirements, gas ranges are used as standard equipment. In addition to
one convection oven and one regular oven, gas ranges allow the addition of
cooktop accessories such as griddles or broilers. Gas ranges are an essential piece
of kitchenware in the food processing and restaurant industries. The needs of
the consumer determine how frequently gas burners are operated.
The demand for products in both the commercial and residential sectors
in the United States is being driven by the growing preference for modular
kitchens and rising living standards. Additionally, a rapid rate of product
adoption in the U.S. is being caused by the growing trend of modifying homes to
create and accommodate modular kitchens. During the pandemic, the e-commerce
distribution channel experienced significant growth. Customers are choosing to
make more and more online purchases as a result of lockdowns and social
segregation measures. Online retailers offer convenience and are attempting to
speed up delivery.
Additionally, online retailers provide goods at low costs and advertise
their goods on the internet by giving them discounted prices. The popularity of
making meals at home and the dissemination of cooking advice through social
media, publications, and tv programs have increased knowledge of various
cooking methods, which is expected to drive market expansion during the forecast
period. The demand for the product is also being boosted by increased spending
on renovation and home renovation initiatives.
In addition, manufacturers are working with builders and contractors to
build homes with the right gas range in the kitchen. Technological
developments and an increase in IoT application in kitchen appliances are anticipated to be the main drivers of market growth. As there is
an increasing demand for goods with smart characteristics,
manufacturers are concentrating on creating novel technologies.
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data Figures spread through 70 Pages and an in-depth TOC on "United States Gas Ranges Market"
The United States gas ranges
market is segmented on the basis of type, end-use, distribution channel, and
region.
Based on type, the market is
further bifurcated into freestanding and built in. Among these, the freestanding
segment holds the leading share in the market during the forecast period as freestanding
gas ranges are convenient to move and shift, with the comparison of built-in
gas ranges.
Based on end-use, the market is further bifurcated into residential and
commercial sector. Among these, the residential sector is expected to hold the
leading share during the forecast period. A wide range of products are
available from manufacturers for residential customers. They can be entirely
electric, entirely gas, or dual fuel, which combines two fuels, typically gas
and electricity. Steam ovens are also a part of several of the newest designs.
The most desirable element of a range that encourages residential adoption is
its exceptional cooking capacity, which includes up to three ovens and a
separate grill cavity.
Based on distribution
channels, the market is segmented into supermarkets/hypermarkets, multi-branded
stores, exclusive stores, contract sales, and online. Among these, the online
segment is expected to be the fastest growing segment in the market during the
forecast period as
millennials, generation X, and generation Z are becoming more accustomed to and
dependent upon online shopping and the internet. During the upcoming
years, e-retailers' value-added services, such as cash-on-delivery, discounted
prices, and paybacks, are anticipated to fuel e-commerce growth. The top
companies selling gas ranges online in the nation are Amazon, eBay,
Walmart, Home Depot, and Wayfair.
Based on region, the market
is segmented into South, West, Mid-West, and North-East. Among these, the
Mid-West region is expected to hold the leading share in the market during the
forecast period owing to the increasing the product launches and growing
availability on various e-commerce and retail stores in the region, which fuels
the demand for the gas ranges market in the US.
Major operating companies operating in
the United States Gas Ranges Market are:
- Electrolux Home Products, Inc.
- Haier U.S. Appliance Solutions, Inc.
- Samsung Electronics America, Inc.
- Whirlpool Corporation
- LG Electronics U.S.A. Inc.
- Felix Storch, Inc. (Summit Appliance)
- Miele, Inc.
- SMEG U.S.A. Inc.
- Prizer-Painter Stove Works, Inc.
- BSH Home Appliances Corporation
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“The United States gas
ranges market is growing due to the increase in individualism
culture and the existence of a sizable foodservice sector. As more companies
produce food and beverages, the demand for gas ranges in the US is growing. In
the food processing industry, gas ranges with ovens or broilers are utilized
generally to speedily cook large quantities of food. The expanding number of
foodservice businesses and the café culture in the US are expected to promote
the growth of the gas ranges industry in the country. Additionally, when
disposable income rises and culinary passion among consumers increases, the
need for gas ranges will increase across the nation.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
United
States Gas Ranges Market By Type (Freestanding Vs. Built in), By End-Use
(Residential Vs. Commercial), By Distribution Channel
(Supermarkets/Hypermarkets, Multi-branded Stores, Exclusive Stores, Contract
Sales, and Online), By Region, By Company, Forecast &
Opportunities, 2018-2028,
has evaluated the
future growth potential of US gas ranges market and provides statistics &
information on market size, structure, and future market growth. the report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in the gas ranges market in United States.
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