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PUBLISHER: Grand View Research | PRODUCT CODE: 1301232
PUBLISHER: Grand View Research | PRODUCT CODE: 1301232
Household Cooking Appliance Market Size, Share & Trends Analysis Report By Product (Cooktops & Cooking Ranges, Ovens, Specialized Appliances), By Structure, By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030
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Household Cooking Appliance Market Growth & Trends
The global household cooking appliance market size is estimated to reach USD 380.55 billion by 2030, registering a CAGR of 6.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing technological developments, changing consumer preferences, and rising household income of customers are the primary factors fueling market growth. Furthermore, the increasing population and urbanization offer significant growth opportunities to the market for household cooking appliances.
Busy lifestyles have created a need for smart appliances to avoid wasting time and resources. The era of automation has contributed to market advancement by integrating technologies like Artificial Intelligence (AI) and the Internet of Things (IoT), leading to the development of remote-controlled appliances through mobile applications and voice controls.
Major players have identified the need for safer and more comfortable homes and begun offering smart appliances such as smart kettles and smart microwaves to their consumers globally. For instance, in March 2023, GE Profile, a brand of GE Appliances, introduced the 'Smart Oven with No Preheat' appliance, which is a smart countertop oven with a temperature range of up to 500?F and zero preheat technology to save cooking time.
Household food preparation can be tedious and chaotic. Smart appliances such as microwaves and cooking tops help save energy by optimizing the cooking time. For instance, interactive induction cooking surfaces that use magnetic components hidden underneath the cooktop to heat pots and pans are a technology that several notable players in the market are adopting rapidly.
The COVID-19 pandemic-induced restrictions and regulations led to the closure of manufacturing facilities for most of 2020. The first wave of the pandemic affected the jobs and income of several individuals. As a result, the buying power of consumers declined. However, the gradual relaxation of these restrictions proved beneficial for the housing cooking appliances market, as a major portion of the population began working remotely and spending more time at their homes. This had a direct impact on product sales through the e-commerce segment as well.
Household Cooking Appliance Market Report Highlights
- In terms of products, cooktops & cooking ranges held the largest revenue share of around 47% in 2022, and this trend is likely to continue throughout the forecast period. The segment is further divided into electrical cooktops & cooking ranges, gas cooktops & cooking ranges, and induction cooktops & cooking ranges. The increasing number of nuclear families is expected to contribute heavily to this market segment
- In terms of structure, the built-in segment is projected to witness a CAGR of 7.1% from 2023 to 2030. The growth is attributed to the availability of a wide range of built-in household cooking appliances and the versatility of placement of the built-in structures
- In terms of the distribution channel, the e-commerce segment is expected to have the most significant CAGR of 7.4% over the forecast period. Changing consumer preferences and buying behavior can be credited to the lifestyle changes brought about by the onset of the pandemic
- In 2022, the Asia Pacific region had the highest revenue share of around 38.0%. The increase in disposable income and high population have positively impacted the regional market growth
Product Code: 978-1-68038-544-1
Table of Contents
Chapter 1 Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. Gvr's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
Chapter 2 Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape
Chapter 3 Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.2 Household Cooking Appliance - Value Chain Analysis
- 3.2.1 Vendor Landscape
- 3.3 Market Dynamics
- 3.3.1 Market Driver Analysis
- 3.3.2 Market Restraint/Challenge Analysis
- 3.3.3 Penetration And Growth Prospect Mapping
- 3.4 PORTER's Five Forces Analysis
- 3.5 PEST Analysis
- 3.6 Company Market Share Analysis, 2022
Chapter 4 Household Cooking Appliances Market: Product Outlook
- 4.1 Product Movement Analysis & Market Share, 2022 & 2030
- 4.2 Household Cooking Appliances Market Estimates & Forecast, By Product (USD Billion)
- 4.2.1 Cooktops & Cooking Ranges
- 4.2.1.1 Gas Cooktop & Cooking Ranges
- 4.2.1.2 Electrical Cooktop & Cooking Ranges
- 4.2.1.3 Induction Cooktop & Cooking Ranges
- 4.2.2 Ovens
- 4.2.2.1 Conventional & Convection Ovens
- 4.2.2.2 Microwave Ovens
- 4.2.2.3 Combination Ovens
- 4.2.3 Specialized Appliances
- 4.2.1 Cooktops & Cooking Ranges
Chapter 5 Household Cooking Appliances Market: Structure Outlook
- 5.1 Structure Movement Analysis & Market Share, 2022 & 2030
- 5.2 Household Cooking Appliances Market Estimates & Forecast, By Structure (USD Billion)
- 5.2.1 Built-In
- 5.2.2 Freestanding
Chapter 6 Household Cooking Appliance Market: Distribution Channel Outlook
- 6.1 Distribution Channel Movement Analysis & Market Share, 2022 & 2030
- 6.2 Household Cooking Appliances Market Estimates & Forecast, By Distribution Channel (USD Billion)
- 6.2.1 Brick & Mortar
- 6.2.2 E-Commerce
Chapter 7 Household Cooking Appliance Market: Regional Estimates & Trend Analysis
- 7.1 Household Cooking Appliances Market: Regional Outlook
- 7.2 North America
- 7.2.1 North America Household Cooking Appliance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.2 U.S.
- 7.2.2.1 U.S. Household Cooking Appliance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.3 Canada
- 7.2.3.1 Canada Household Cooking Appliance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.4 Mexico
- 7.2.4.1 Mexico Household Cooking Appliance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3 Europe
- 7.3.1 Europe Household Cooking Appliance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.2 Germany
- 7.3.2.1 Germany Household Cooking Appliance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.3 Uk
- 7.3.3.1 Uk Household Cooking Appliance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Household Cooking Appliance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.2 China
- 7.4.2.1 China Household Cooking Appliance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.3 India
- 7.4.3.1 India Household Cooking Appliance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.4 Japan
- 7.4.4.1 Japan Household Cooking Appliance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5 South America
- 7.5.1 South America Household Cooking Appliance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.2 Brazil
- 7.5.2.1 Brazil Household Cooking Appliance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6 Middle East And Africa
- 7.6.1 Middle East And Africa Household Cooking Appliance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 8 Competitive Landscape
- 8.1 Key Participants
- 8.1.1 Electrolux Ab
- 8.1.2 Ge Appliances
- 8.1.3 Haier Group
- 8.1.4 Koninklijke Philips N.V.
- 8.1.5 Lg Electronics
- 8.1.6 Robert Bosch Gmbh
- 8.1.7 Samsung
- 8.1.8 Smeg S.P.A
- 8.1.9 Whirlpool Corporation
- 8.1.10 Winiadaewoo Co. Ltd.
- 8.1.11 Panasonic Corporation
- 8.1.12 Thermador
- 8.2 Recent Development & Impact, By Key Market Participants
- 8.3 Company Categorization
- 8.4 Participant's Overview
- 8.5 Financial Performance
- 8.6 Product Benchmarking
- 8.7 Company Heat Map Analysis
- 8.8 Company Market Share Analysis, 2022
- 8.9 Strategy Mapping
- 8.9.1 Expansions
- 8.9.2 Mergers & Acquisitions
- 8.9.3 Collaborations
- 8.9.4 New Product Launches
Product Code: 978-1-68038-544-1
List of Tables
- Table 1 Household Cooking Appliance market - Industry snapshot & key buying criteria, 2018 - 2030
- Table 2 Key market driver impact
- Table 3 Key market restraint impact
- Table 4 Key market opportunity impact
- Table 5 Global Household Cooking Appliance market, 2018 - 2030 (USD Million)
- Table 6 Global Household Cooking Appliance market, by region, 2018 - 2030 (USD Million)
- Table 7 Global Household Cooking Appliance market, by product, 2018 - 2030 (USD Million)
- Table 8 Global Household Cooking Appliance market, by structure, 2018 - 2030 (USD Million)
- Table 9 Global Household Cooking Appliance market, by distribution channel, 2018 - 2030 (USD Million)
- Table 10 Recent Developments & Impact Analysis, By Key Market Participants
- Table 11 Company Market Share, 2022
- Table 12 Company Heat Map Analysis
- Table 13 Key Companies undergoing expansions
- Table 14 Key Companies involved in Merger & Acquisitions
- Table 15 Key Companies undergoing collaborations
- Table 16 Key Companies launching new products
- Table 17 Key Companies divesture/discontinuation
List of Figures
- Fig. 1 Market segmentation and scope
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data validating & publishing
- Fig. 6 Market snapshot
- Fig. 7 Segment snapshot (1/2)
- Fig. 8 Segment snapshot (2/2)
- Fig. 9 Competitive landscape snapshot
- Fig. 10 Global Household Cooking Appliance market, 2018 - 2030 (USD Million)
- Fig. 11 Household Cooking Appliance market - Value chain analysis
- Fig. 12 Household Cooking Appliance - Market dynamics
- Fig. 13 Household Cooking Appliance market - Porter's five forces analysis
- Fig. 14 Household Cooking Appliance market - PESTEL analysis
- Fig. 15 Household Cooking Appliance market, by Product: Key takeaways
- Fig. 16 Household Cooking Appliance market, by Product: Market share, 2022 & 2030
- Fig. 17 Cooktops & Cooking Ranges market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 18 Gas Cooktops & Cooking Ranges market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 19 Electrical Cooktops & Cooking Ranges market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 20 Induction Cooktops & Cooking Ranges market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Ovens market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 22 Conventional & Convection Ovens market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 23 Microwave Ovens market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 24 Combination Ovens market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 25 Specialized Appliances market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Household Cooking Appliance market, by Structure: key takeaways
- Fig. 27 Household Cooking Appliance market, by Structure: market share, 2022 & 2030
- Fig. 28 Built-in platform market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 29 Freestanding platform market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 30 Household Cooking Appliance market, by Distribution Channel: key takeaways
- Fig. 31 Household Cooking Appliance market, by Distribution Channel: market share, 2022 & 2030
- Fig. 32 Brick & Mortar market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 33 E-commerce market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 34 Household Cooking Appliance market revenue by region, 2022 & 2030 (USD Million)
- Fig. 35 Regional marketplace: Key takeaways
- Fig. 36 North America Household Cooking Appliance market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 37 U.S. Household Cooking Appliance market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 38 Canada Household Cooking Appliance market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 39 Mexico Household Cooking Appliance market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 40 Europe Household Cooking Appliance market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 41 Germany Household Cooking Appliance market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 42 U.K. Household Cooking Appliance market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 43 Asia Pacific Household Cooking Appliance market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 44 China Household Cooking Appliance market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 45 India Household Cooking Appliance market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 46 Japan Household Cooking Appliance market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 47 South America Household Cooking Appliance market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 48 Brazil Household Cooking Appliance market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 49 MEA Household Cooking Appliance market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 50 Key company categorization
- Fig. 51 Company market share analysis, 2022
- Fig. 52 Strategic framework
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