Large cooking appliances are considered major purchases in the Philippines, and therefore consumers will remain apprehensive about purchasing these big-ticket items heading into the forecast period due to lingering concerns regarding the local economy and rising energy charges, especially if cheaper alternatives are available. However, it is possible that the rising cost of gas could support greater demand for electric options of large cooking appliances, especially if they are deemed more energy efficient.
There is a growing number of single-person households in the Philippines in addition to households that have limited space in the kitchen for large cooking appliances. As such, it is possible that some local consumers will consider purchasing smaller multifunctional appliances to help avoid clutter in the kitchen.
While Filipinos are generally uncomfortable purchasing big-ticket items online, many brands have successfully managed to alleviate anxiety surrounding expensive online purchases. For example, several players have launched flagship stores on third party marketplaces such as Lazada.
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Understand the latest market trends and future growth opportunities for the Large Cooking Appliances industry in Philippines 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.
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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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