Global Household Cooking Appliance Market Size & Outlook
Global household cooking appliance market, 2018-2030 (US$M)
Related Markets
Global household cooking appliance market highlights
- The global household cooking appliance market generated a revenue of USD 252.1 billion in 2023 and is expected to reach USD 380.6 billion by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.1% by 2030.
- In terms of segment, cooktops & cooking ranges accounted for a revenue of USD 116.4 billion in 2023.
- Ovens is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 252.1 billion |
| Market revenue in 2030 | USD 380.6 billion |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Cooktops & cooking ranges |
| Fastest growing segment | Ovens |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Cooktops & Cooking Ranges, Ovens, Specialized appliances |
Other key industry trends
- In terms of revenue, the North America accounted for 21.6% of the global household cooking appliance market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 57.1 billion by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Household Cooking Appliance Market Scope
Household Cooking Appliance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Haier Electronics Group | View profile | 10001+ | Central, Hong Kong Island, Hong Kong, Asia | http://www.haier.hk/ |
| Smeg | View profile | 251-500 | Guastalla, Emilia-Romagna, Italy, Europe | https://www.smeg.com/ |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| Whirlpool Corp | View profile | 59000 | 2000 North M-63, Benton Harbor, MI, United States, 49022-2692 | https://www.whirlpoolcorp.com |
| Electrolux AB ADR | View profile | 41869 | Street Goransgatan 143, Stadshagen, Stockholm, Sweden, SE-105 45 | https://www.electroluxgroup.com |
| LG Electronics Inc ADR | View profile | 35111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | https://www.lge.co.kr |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
Global household cooking appliance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to household cooking appliance market will help companies and investors design strategic landscapes.
Cooktops & cooking ranges was the largest segment with a revenue share of 46.17% in 2023. Horizon Databook has segmented the Global household cooking appliance market based on cooktops & cooking ranges, ovens, specialized appliances covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing adoption rate of smartphones among consumers across the globe due to their changing lifestyle is likely to remain an important driving factor for global power banks market. Smartphones have been ruling the emerging markets such as India, China, and Brazil etc. as the technologies are becoming cheaper, also the market expects to be successful in emerging markets where there is a lack in the power grids.
The market growth is projected to rely on developing markets as the other developed markets such as North America, Japan, and Western Europe has reached satiety. A power bank would keep the devices up and running at all the times.
Power bank would give uninterrupted access to use the social network, instant messaging on the internet, playing games, GPS, booking tickets for the train, bus and airline without making the consumer stand in the long queues. Mobile consumer-electronic devices, especially smartphones, get power from batteries which have a limited city.
Reasons to subscribe to Global household cooking appliance market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global household cooking appliance market databook
-
Our clientele includes a mix of household cooking appliance market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global household cooking appliance market , including forecasts for subscribers. This global databook contains high-level insights into Global household cooking appliance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global household cooking appliance market size, by regions, 2018-2030 (US$M)
Top 10 countries: Household cooking appliance market size, 2023 (US$M)
Global household cooking appliance market share, by product, 2023 & 2030 (%, US$M)
Household cooking appliance market: Opportunity assessment by country
Global household cooking appliance market, by region, 2023 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
