PROSPECTS AND OPPORTUNITIES
Engagement in delayed renovation projects to support demand
Prospects for large cooking appliances are positive until the end of 2029. The category’s expected growth will be supported by anticipated improvements in consumers’ purchasing power.
Built-in cooker hoods to replace freestanding appliances
The replacement of freestanding cooker hoods with built-in appliances is expected over the forecast period. While this is partly because sales are emerging from a relatively low base, the product will also benefit from the increasing preference for sleeker, unobtrusive kitchen designs in Hungary and the growth in the number of people living in smaller homes.
Deepening penetration of connected products
In line with consumers' growing desire for convenience and the increasing adoption of smart home networks in Hungary, connected products should become more popular in large cooking appliances over the forecast period. In particular, demand for smart connectivity models is expected to pick up in ovens and built-in hobs.
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Overview:
Understand the latest market trends and future growth opportunities for the Large Cooking Appliances industry in Hungary with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Large Cooking Appliances industry in Hungary, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Large Cooking Appliances in Hungary report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Large Cooking Appliances in Hungary?
- Which are the leading brands in Hungary?
- How are products distributed in Hungary?
- To what extent has COVID-19 and accordant macroeconomic and retail disruption impacted demand?
- How are considerations such as urban development and the rise in single-person households determining sales growth?
- Where is future growth expected to be most dynamic?
Large Cooking Appliances in Hungary - Category analysis
KEY DATA FINDINGS
Sales hit by heightened consumer budget consciousness
Freestanding cooker hoods performs poorly
Ovens subcategory proves relatively resilient
Engagement in delayed renovation projects to support demand
Built-in cooker hoods to replace freestanding appliances
Deepening penetration of connected products
Consumer Appliances in Hungary - Industry Overview
Consumer appliances in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer appliances?
DISCLAIMER
The following categories and subcategories are included:
Large Cooking Appliances
- Built-in Large Cooking Appliances
- Freestanding Large Cooking Appliances
- Built-in Hobs
- Ovens
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- Built-in Cooker Hoods
- Freestanding Cooker Hoods
- Cookers
- Range Cookers
Large Cooking Appliances
The large cooking appliances includes freestanding cookers, built-in ovens, built-in hobs and cooker hoods.
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This report originates from Passport, our Large Cooking Appliances research and analysis database.
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