PUBLISHER: Market Glass, Inc. (Formerly Global Industry Analysts, Inc.) | PRODUCT CODE: 1786104
PUBLISHER: Market Glass, Inc. (Formerly Global Industry Analysts, Inc.) | PRODUCT CODE: 1786104
Global Cookers & Ovens Market to Reach US$228.6 Million by 2030
The global market for Cookers & Ovens estimated at US$176.2 Million in the year 2024, is expected to reach US$228.6 Million by 2030, growing at a CAGR of 4.4% over the analysis period 2024-2030. Cooktops & Cooking Ranges, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$118.3 Million by the end of the analysis period. Growth in the Ovens segment is estimated at 4.0% CAGR over the analysis period.
The U.S. Market is Estimated at US$48.0 Million While China is Forecast to Grow at 8.2% CAGR
The Cookers & Ovens market in the U.S. is estimated at US$48.0 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$47.6 Million by the year 2030 trailing a CAGR of 8.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.8% and 3.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.
Global Cookers & Ovens Market - Key Trends & Drivers Summarized
What Are the Emerging Technological Advancements in Cookers & Ovens?
The cookers and ovens market is witnessing a surge in technological innovations that are redefining cooking efficiency, precision, and convenience. Smart connectivity has become a dominant trend, with Wi-Fi and Bluetooth-enabled appliances allowing users to control and monitor cooking through mobile applications. This integration aligns with the broader Internet of Things (IoT) revolution, enabling remote operation, voice control through virtual assistants, and automatic recipe adjustments. Induction technology has also gained significant traction due to its energy efficiency and faster cooking times compared to conventional gas or electric stoves. Furthermore, the rise of convection and steam ovens has introduced healthier cooking options, as these appliances help retain nutrients and enhance flavor without excessive oil usage. Additionally, the incorporation of advanced sensors, artificial intelligence (AI)-powered cooking assistants, and precise temperature control mechanisms has revolutionized food preparation by ensuring consistently perfect results. As sustainability becomes a key priority, manufacturers are integrating eco-friendly solutions such as energy-efficient heating elements and recyclable materials to minimize environmental impact.
How Is Consumer Preference Shaping Market Demand?
Evolving consumer lifestyles and preferences are significantly influencing the demand for cookers and ovens, with a growing emphasis on convenience, speed, and multi-functionality. The modern consumer seeks appliances that can cater to diverse cooking styles, from traditional slow cooking to high-speed baking and grilling. Multi-functional cookers, such as combination microwave-convection ovens and hybrid air fryer ovens, are experiencing a surge in demand due to their versatility and ability to prepare multiple dishes simultaneously. Urbanization and shrinking kitchen spaces have also fueled the adoption of compact, space-saving appliances, leading to increased interest in built-in ovens and countertop models. The rise of home cooking trends, further propelled by social media, has encouraged consumers to invest in high-performance kitchen appliances that offer professional-grade results. Additionally, the shift toward health-conscious eating has driven demand for steam ovens and air fryers, which provide healthier alternatives to traditional frying methods. Sustainability concerns have further prompted consumers to opt for energy-efficient and low-emission cookers, reinforcing the industry's commitment to eco-friendly solutions.
Which End-Use Sectors Are Driving Market Expansion?
The cookers and ovens market extends beyond residential kitchens, with a robust demand from the commercial sector, particularly in restaurants, bakeries, catering businesses, and hospitality establishments. The foodservice industry relies heavily on high-capacity ovens and commercial-grade cookers to meet large-scale cooking requirements efficiently. The increasing popularity of cloud kitchens and food delivery services has further intensified the demand for high-speed ovens, conveyor ovens, and combination cooking units that optimize food preparation times. Moreover, the expanding bakery and confectionery industry, driven by the growing global appetite for baked goods, has created a steady demand for specialized ovens such as deck ovens, rotary ovens, and tunnel ovens. In institutional settings like hospitals, schools, and corporate cafeterias, bulk cooking solutions that ensure food safety, uniform heating, and large-scale meal preparation remain essential. Additionally, the rise of outdoor cooking trends, including barbecues and pizza ovens, has introduced new opportunities within the consumer segment, leading to increased sales of portable and high-performance outdoor cooking appliances. The integration of automation in commercial cooking equipment is also enhancing operational efficiency, reducing labor costs, and ensuring consistent quality across large food production units.
What Factors Are Fueling the Growth of the Cookers & Ovens Market?
The growth in the cookers and ovens market is driven by several factors, primarily technological advancements, evolving consumer preferences, and industry-specific demands. The increasing adoption of smart kitchen appliances, powered by IoT and AI-driven functionalities, has significantly contributed to market expansion, as consumers and businesses alike seek intelligent, automated cooking solutions. The surge in urbanization and the growing number of nuclear families have led to heightened demand for compact, efficient, and multi-functional cooking appliances, particularly in apartments and modern homes. The rising inclination toward energy-efficient and environmentally friendly appliances, driven by stringent government regulations and sustainability initiatives, has propelled the development of low-energy consumption ovens and cookers. The foodservice industry, including quick-service restaurants (QSRs) and cloud kitchens, has played a crucial role in boosting demand for high-performance commercial-grade cookers and ovens designed for rapid food preparation. Additionally, the growing disposable income of consumers, coupled with increasing awareness of gourmet cooking and baking at home, has fostered the market for high-end, technologically advanced kitchen appliances. The integration of automation and robotics in commercial kitchen equipment, aimed at enhancing precision and efficiency, is another notable factor influencing market growth. Lastly, the expansion of e-commerce platforms and the availability of a wide range of products with competitive pricing, financing options, and doorstep delivery services have further facilitated the market’s upward trajectory.
SCOPE OF STUDY:
The report analyzes the Cookers & Ovens market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Product Type (Cooktops and Cooking Ranges, Ovens, Cookers); Distribution Channel (Offline Distribution Channel, Online Distribution Channel)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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