The UK large cooking appliances market is set for a slow return to growth through 2016, with 1% volume growth expected in 2011 and an increase in growth expected over the next four years.
Overall, the UK large cooking appliances market is expected to experience a compound annual growth rate (CAGR) of 17%, with this representing an almost total recovery from the 18% volume decline seen between 2006 and 2011.
By 2011, the UK was experiencing very poor performance in terms of housing sales, which in turn was leading to a decline in the growth for large cooking appliances. Many consumers only purchase these products when refitting a kitchen, which in turn often happens when attempting to sell a house or having just purchased a house.
The economic downturn has also led to consumers having less inclination to invest in new kitchens, due to the high cost of such a purchase.
These reasons plus the reduced focus on property development will continue to dampen sales within the UK large cooking appliances market over the next few years.
Indesit represented the leading player in the UK large cooking appliances market during 2011 and also saw the strongest growth in volume share with a rise of almost three percentage points to account for a 23% share.
The company offers a wide range of these products via its Hotpoint, Indesit and Creda ranges and was the leading player in both built-in and freestanding large cooking appliances in 2011.
For more information on the UK large cooking appliances market, see the latest research: UK Large Cooking Appliances Market Report
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