USD 238.16 billion
Household Cooking Appliance Market Size, Share, Growth Analysis, By Product(Cooktops & Cooking Ranges, Gas Cooktops & Cooking Ranges, Electrical Cooktops & Cooking Ranges, Induction Cooktops & Cooking Ranges), By Structure(Built-in, Freestanding), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25I2029 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
68
|Figures:
75
Household Cooking Appliance Market Insights
Global Household Cooking Appliance Market size was valued at USD 238.16 billion in 2022 and is poised to grow from USD 252.69 billion in 2023 to USD 405.80 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).
Cooking appliances have been a mainstay of kitchens around the world for quite a while now and modern kitchens are incomplete without them. Stoves, ovens, cooktops, chimneys, blenders, and toasters are some of the most commonly used household cooking appliances. Evolving consumer lifestyles around the world are promoting the demand for household cooking appliances. Rising disposable income and a growing focus on convenience in fast-paced lifestyles are also estimated to uplift household cooking appliance sales outlook in the future.
household cooking appliances help people save time and improve their meal preparation times. Moreover, the rising popularity and availability of smart kitchen appliances are changing the way food is cooked around the world. household cooking appliance manufacturers are focusing on integrating advanced and smart features that allow people to automate their cooking appliances and elevate their cooking experience.
Sustainable and energy-efficient cooking appliances are projected to be high in demand around the world as people become more eco-conscious to reduce their environmental impact. The rising number of individuals cooking at home since the COVID-19 pandemic is also contributing to the surging sales of household cooking appliances. Changing dietary preferences and modernization of kitchen spaces are also forecasted to benefit household cooking appliance market growth in the future.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Cooktops & Cooking Ranges
Fastest Growth
Cooktops & Cooking Ranges
Growth Rate
6.1% CAGR
Global Household Cooking Appliance Market ($ Bn)
Country Share for Asia Pacific Region (%)
To get more reports on the above market click here to Buy The Report
Household Cooking Appliance Market Segmental Analysis
The global household cooking appliance market is segmented based on product, structure, distribution channel, and region. In terms of Product, the market is bifurcated into Cooktops & Cooking Ranges, Gas Cooktops & Cooking Ranges, Electrical Cooktops & Cooking Ranges, Induction Cooktops & Cooking Ranges, Ovens, Conventional & Convection Ovens, Microwave Ovens, Combination Ovens, and Specialized Appliances. On the basis of Structure, the market is segmented into Built-in, Freestanding. Based on Distribution Channel, the market is segmented into Brick & Mortar, E-commerce. On a regional level, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
Analysis By Product
Gas cooking ranges and cooktops are forecasted to account for a sizable share of the global household cooking appliance market. The wide availability of cooktops powered by gas and their high use in kitchens for a long time allows this segment to hold prominence. Cooktops are primarily used in any type of cooking and this is why they are a must-have kitchen appliance, which in turn drives its sales. The versatility and functionality of gas cooking ranges make them a popular choice for residential as well as commercial kitchens.
Induction cooktops and cooking ranges are projected to rise in demand at a rapid pace across the forecast period. The growing popularity of induction technology and the rising availability and acceptance of induction cooking ranges around the world are contributing to growth in this segment. Induction cooktops are more eco-friendly and energy efficient as compared to gas cooktops and this is why their demand is slated to rise in the future as focus on sustainability rises. Advancements in induction technology and the growing affordability of induction cooking ranges are also slated to boost growth in this segment going forward.
Analysis By Structure
Freestanding cooking appliances are dominating the global household cooking appliance market in terms of share. Easy installation and versatility of these types of cooking appliances drive their popularity around the world. Freestanding household cooking appliances can be placed anywhere and this is why they are a popular choice for homeowners as well as renters alike. The availability of a wide variety of sizes, styles, and shapes of freestanding cooking appliances also contributes to its significant market share.
Built-in cooking appliances are witnessing a rapid growth in demand on a global level. Consumers around the world are looking for sleek and modern cooking appliances that can seamlessly fit into kitchen cabinetry to provide a neat look. Growing number of people opting for modern and streamlined kitchen designs are driving up the demand for built-in cooking appliances on a global level. Moreover, increasing frequency of kitchen renovations and remodeling are also slated to benefit growth in this segment in the long run. The desire for aesthetically perfect kitchens is estimated to be the key factor boosting sales of built-in kitchen appliances going forward.
Global Household Cooking Appliance Market By Product
To get detailed analysis on other segments, Request For Free Sample Report
Household Cooking Appliance Market Regional Insights
Asia Pacific accounts for the highest sales of household cooking appliances around the world. The massive population of Asian countries and rising disposable income are key prospects that drive market growth in this region. China and India are estimated to emerge as the most popular markets in this region over the next ten years. Increasing urbanization is also predicted to favor sales of blenders, stoves, cooktops, and ovens in this region going forward. A high number of people living in small urban spaces could also favor demand for space-efficient cooking appliances in the Asia Pacific region across the forecast period.
North America accounts for the second-largest share in the global household cooking appliance marketplace. The presence of a diverse population and established culture of home cooking are predicted to contribute to rising household cooking appliance sales in North America. The United States is estimated to emerge as the leading country in this region. High focus on health and fitness is promoting the popularity of home cooking and driving sales of household cooking appliances. Demand for innovative and smart household cooking appliances with advanced features and energy efficiency is projected to be high in North America over the coming years.
Global Household Cooking Appliance Market By Region
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Household Cooking Appliance Market Dynamics
Drivers
Changing Lifestyles and Food Culture:
- Growing adoption of fast-paced lifestyles around the world and the rising popularity of home cooking are projected to be key factors driving household cooking appliance demand outlook. The increasing popularity of diverse cuisines is also slated to favor market growth.
Technological Advancements:
- Rising demand for innovative and smart appliances is boosting the sales of smart household cooking appliances that allow users to monitor and control cooking from their smart devices. These devices take the convenience and customer experience to a new level.
Restraints
Regulatory Compliance:
- household cooking appliance companies might face difficulties in complying with stringent safety and energy efficiency mandates that are being implemented by governments and regulatory bodies around the world.
Global Supply Chain Issues:
- Availability of products and product components can be hampered due to supply chain disruptions and lead to slowed household cooking appliance demand. This could result in changes in pricing and either make the product expensive for consumers or diminish profit margins for manufacturers.
Request Free Customization of this report to help us to meet your business objectives.
Household Cooking Appliance Market Competitive Landscape
Strong brand recognition and the presence of a diverse product portfolio allow companies such as Electrolux AB, Whirlpool Corporation, LG Electronics, and Samsung Electronics to hold a prominent share of the market. New companies need to come up with highly innovative products and marketing strategies if they wish to make a mark in this industry. household cooking appliance market players are continually investing in research and development to create innovative products that attract new customers and boost sales potential. Focus on the creation of energy-efficient and smart household cooking appliances is high in the competitive landscape. Collaborations and partnerships are also predicted to be crucial strategies adopted by household cooking appliance companies. High emphasis on sustainability is also a trend that could help household cooking appliance suppliers boost their revenue generation potential in the future.
Top Player’s Company Profile
- Whirlpool Corporation
- Sub-Zero, Inc. (Wolf)
- Electrolux AB
- Sharp Corporation
- Panasonic Corporation
- BSH Home Appliances Group (Bosch, Siemens, Thermador)
- LG Electronics Inc.
- Haier Group Corporation
- La Cornue
- Miele & Cie. KG
- Viking Range, LLC
- Gorenje Group
- Smeg S.p.A.
- Bertazzoni S.p.A.
- Dacor, Inc.
- BlueStar Cooking
- Fisher & Paykel Appliances Ltd.
- ILVE Appliances
- AGA Rangemaster Group Ltd.
- Samsung Electronics Co., Ltd.
Recent Developments
- In January 2024, Kenmore, one of America's longest-standing home innovations providers, announced the relaunch of Kenmore-branded Kitchen appliances in Canada. This marks the first placement of Kenmore major appliances in Canada in five years, as well as the first placement with retailers other than Sears Canada.
- In October 2023, Usha International, a prominent brand in the consumer durables segment in India, unveiled a selection of five innovative kitchen appliances as part of its latest premium iChef range. The launch took place at Reliance Digital in JVPD Scheme, Juhu, Mumbai.
- In July 2023, Mansfield Engineered Components (MEC) announced that it has entered a strategic partnership with The Sabaf Group, a world leader in the design and production of components for major appliance markets. MEC is a global leader in motion control design features, specializing in soft-close mechanisms for kitchen and laundry appliances.
Household Cooking Appliance Key Market Trends
- Smart and Connected Appliances: Cooking appliances equipped with smart technology are gaining rapid traction among people around the world as the proliferation of technology increases in all walks of life. Smart cooking appliances can be controlled remotely from devices such as smartphones to offer more convenience for users.
- Energy Efficiency: Growing focus on sustainability and a rising number of eco-conscious people around the world are favoring the demand for energy-efficient cooking appliances. Companies can develop new products that help people save energy and are built with eco-friendly materials to reduce environmental impact.
Household Cooking Appliance Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component type’s team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, the growing need for convenience in cooking and the adoption of fast-paced lifestyles are projected to uplift sales of household cooking appliances across the forecast period. The rising preference of people to cook at home, the growing popularity of different food cuisines, and increasing disposable income are other factors that could bolster household cooking appliance market growth in the future. The evolution of consumer lifestyles is also a prospect that significantly alters household cooking appliance sales trajectory. However, supply chain disruptions and compliance with regulatory standards are predicted to remain key constraints limiting household cooking appliance market development in the long run. Asia Pacific holds the largest market share of any region in the global household cooking appliance market owing to the presence of a massive consumer base and growing middle-class populations in countries such as China and India. The COVID-19 pandemic boosted the popularity of home cooking and this trend has boosted household cooking appliance demand. household cooking appliance companies are focusing on adding smart features to their products by integrating them with smart technologies to boost sales and satisfy evolving consumer demand.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 238.16 billion |
| Market size value in 2031 | USD 405.80 billion |
| Growth Rate | 6.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Household Cooking Appliance Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Household Cooking Appliance Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Household Cooking Appliance Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Household Cooking Appliance Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Household Cooking Appliance Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Household Cooking Appliance Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
