Job losses and pay cuts resulting from COVID-19 along with rising costs and high inflation have led to a drop in disposable incomes which will likely continue to drive price sensitivity amongst local consumers over the forecast period. Despite a modest recovery in the demand for large cooking appliances, growth remains moderate with overall volume sales not projected to return to pre-pandemic levels by the end of the forecast period.
Economic headwinds notwithstanding, there is a sustained interest in large cooking appliances such as built-in hobs and freestanding cooker hoods, supported by Malaysia's strong at-home cooking culture, with the former set to record positive growth for the first part of the forecast period while the latter will continue to rise throughout, Locals are well-known for valuing close relationships with family and friends and they enjoy cooking together, especially during festive seasons (e.g.
The future of Malaysia's property market is pivotal to the demand for large cooking appliances, particularly impacting built-in models which are likely to continue to outpace freestanding units in terms of unit sales, though freestanding models will see faster growth. The trend towards built-in appliances is expected to gain momentum as urbanisation expands and urban living spaces shrink, with consumers seeking more compact, integrated kitchen solutions.
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Understand the latest market trends and future growth opportunities for the Large Cooking Appliances industry in Malaysia 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 Malaysia, 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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