As the economy recovers and disposable incomes among the middle- and upper-income population increase, there is expected to be strong growth for large cooking appliances. In particular, improvements in consumer spending power later in the forecast period, as inflation reduces and the local currency stabilises, will also drive volume sales.
A growth in real estate development is expected to benefit the sales of large cooking appliances over the forecast period. With a growing urban population expected to seek new homes, demand for large cooking appliances is expected to grow.
Large cooking appliances have good scope to grow over the forecast period as they are far from mature in Nigeria, with a low penetration rate. Traditionally, consumers rarely use the oven or grill functions in cookers, making the product less essential and instead use freestanding hobs.
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Understand the latest market trends and future growth opportunities for the Large Cooking Appliances industry in Nigeria 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 Nigeria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Large Cooking Appliances
The large cooking appliances includes freestanding cookers, built-in ovens, built-in hobs and cooker hoods.
See All of Our DefinitionsThis report originates from Passport, our Large Cooking Appliances research and analysis database.
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