GVR Report cover Large Cooking Appliance Market Size, Share & Trends Report

Large Cooking Appliance Market Size, Share & Trends Analysis Report By Product (Cooktops, Ovens, Specialized Appliances), By Application (Household, Commercial), By Region, And Segment Forecasts, 2019 - 2025

  • Report ID: GVR-3-68038-104-7
  • Number of Pages: 80
  • Format: Electronic (PDF)

Report Overview

The global large cooking appliance market size to be valued at USD 39.91 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% during the forecast period. Increased standard of living and consumer preference for modular kitchens are the significant growth drivers. Large cooking appliances include cooktops, ovens, and specialized equipment such as fryers, steamers, and grillers. With the rapid depletion of natural resources such as LPG, wood, and other petroleum products; specialized and efficient cooking appliances are anticipated to witness a rise in demand.

Large Cooking Appliance Market size, by product

Food away from home has become integral across the world, due to the rise in working population. This is expected to further stimulate the product demand, especially for the commercial segment. Developing countries such as India, China, and Brazil will offer abundant prospects for growth. These countries have a low penetration rate for cooking appliances, thus creating opportunities for first time purchases. For instance, brands like Miele, Siemens, and Whirlpool are directing their premium offerings for these markets through paid-partnerships with builders and developers to leverage such construction channels to boost their product sales in India.

Growing number of public eateries and restaurants across the globe has led to an increase in advanced cooking equipment to serve the customers better. Hence, the commercial division is expected to expand at a CAGR of 6.6% over the forecast period, making it the fastest as well the largest growing segment of the large cooking appliance market. Companies like Haier and Vulcan specialize in manufacturing cooktops and cooking appliances such as grills, ovens, fryers, and steamers for commercial purposes.

A major restraining factor associated with large cooking appliances includes the reluctance of consumers, especially from the Eastern countries such as India, Sri Lanka, and Indonesia, to accept the new products. Cooktops segment occupied the major market share of 38.34% in 2018. This segment includes products such as hoods, cooking range in gas, and wood and induction, among others. The segment is expected to showcase a slight decline over the forecast period owing to the availability of advanced sustainable cooking appliances. For instance, Energy Star manufactures electronic products including ovens and fryers certified to save energy without sacrificing features or main functionality.

Large Cooking Appliance Market Trends

The cafes and restaurants meet the population’s leisure needs wherein the increase in market entrants with innovative cooking appliances is anticipated to drive organic growth in the forecast period. Besides, the significant growth drivers include improved living standards and the consumer desire for modular kitchens. Because natural resources such as wood, LPG, and other petroleum products are rapidly depleting,  the need for specialized and energy-efficient equipment is one of the primary reasons driving the market growth.

The initial high costs of large cooking appliances are projected to hamper the market growth. Besides, the modern appliances need extensive maintenance that restrict the usage of new cooking equipment.

The rise in urban population is expected to offer numerous opportunities in the upcoming years. Also, the growing popularity of interconnected cooking that includes connecting kitchen appliances through the Internet of Things (IoT) is anticipated to offer multiple benefits. Moreover, the technological advancements are driven by the changing customer preferences and high is expected to introduce innovative products in the upcoming years. In addition, the rising demand for easy-to-use and managed appliances is expected to support the market growth in the coming years.

Product Insights

Rise in disposable income has spurred the demand for large cooking appliances within different commercial divisions including modular households across developed and developing economies like India and China. Advancements in cooking appliances such as in-built hobs, modular ovens, and charbroilers are anticipated to augment the demand of specialized appliances at a CAGR of 6.7% during the forecast period. This growth can be attributed to the operational efficiency of the products. Additionally, the soaring number of working population in urban cities is anticipated to fuel the demand for high-end products.

Cooktops include gas and electric cooktops, hobs, and cooking range. This segment forms the majority of the large cooking appliance category and is expected to register a CAGR of 6.4% over the forecast period. With the rising trend of takeaways and food joints across the world, several startups have emerged seeking customized cooking equipment from companies like Vulcan, Glen, and Hitachi among others; thereby, driving the product demand.

Application Insights

The market contributes an essential 40% of the global kitchen appliances market. With the profits soaring and the ease of doing business in the hospitality sector, the demand for commercial equipment has been on the rise for quite some time, thus fueling growth of commercial segment. It is anticipated to register a CAGR of 6.6% over the forecast period. For instance, Hitachi provides energy-efficient commercial cooking equipment ranging from cooktops to broilers to hospitals and hotels. Rising technological advancements in smart equipment are driving consumer interest for cooking food, thus boosting the market growth.

Large Cooking Appliance Market share, by application

The household segment held the largest market share in 2018. It includes products offering for modular and advanced facilities suitable for luxury apartments and homes. Increased purchasing power of individuals and number of working women coupled with rising disposable income per household is projected to bode well for segment growth. For instance, Prestige launched its cooking ranges including hobs, in-built ovens, and steamers for the Indian market as the trend for modular kitchen is quite omnipresent in the country.

Regional Insights

In terms of value, Asia Pacific is anticipated to witness substantial CAGR of 7.3% from 2019 to 2025. Rising living standards have made consumers opt for improved kitchen appliances, driving the demand for household cooking appliances. Increasing trend of nuclear families coupled with financial stability encourages consumers to invest in cooking appliances with enhanced technology, thus driving the market.

Large Cooking Appliance Market Trends by Region

North America accounted for 32.23% market share in 2018 and is anticipated to register a CAGR of 6.2% over the forecast period on account of increasing penetration of equipment installation in commercial kitchens especially hotels and restaurants and rise in demand for fast food and ready to cook food. As per a report by the National Restaurant Association, U.S. alone has over 380,000 restaurants, creating significant growth prospects for the regional market.

Large Cooking Appliance Market Share Insights

Major players operating in the market are Samsung Electronics Co. Ltd; Morphy Richards; LG Electronics Inc.; Whirlpool Corporation; Hitachi Appliances Inc.; Koninklijke Philips N.V.; AB Electrolux; Haier Group Corporation; GE Appliances; and Robert Bosch GmbH.

Recent Developments

  • In February 2022, Spectrum Brands acquired Tristar Products' Kitchen Appliances and Cookware Division

  • In February 2022, Butterfly Gandhimathi Appliances Ltd. ("Butterfly") got acquired by Crompton Greaves Consumer Electricals Ltd. ("Crompton"). Butterfly Gandhimathi Appliances Ltd is the leading maker of home kitchens and electrical appliances in India

Large Cooking Appliance Market Report Scope

Report Attribute


Revenue forecast in 2025

USD 39.91 billion

Growth rate

CAGR of 6.5% from 2019 to 2025

Base year for estimation


Historical data

2015 - 2017

Forecast period

2019 - 2025

Quantitative units

Revenue in USD million/billion and CAGR from 2019 to 2025

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

Segments covered

Product, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Germany; U.K.; India; China

Key companies profiled

Samsung Electronics Co. Ltd; Morphy Richards; LG Electronics Inc.; Whirlpool Corporation; Hitachi Appliances Inc.; Koninklijke Philips N.V.; AB Electrolux; Haier Group Corporation; GE Appliances; Robert Bosch GmbH

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Global Large Cooking Appliance Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global large cooking appliance market report on the basis of product, application, and region:

Global Large Cooking Appliance Market Segmentation

  • Product Outlook (Revenue, USD Billion, 2015 - 2025)

    • Cooktops

    • Ovens

    • Specialized Appliances

  • Application Outlook (Revenue, USD Billion, 2015 - 2025)

    • Household

    • Commercial

  • Regional Outlook (Revenue, USD Billion, 2015 - 2025)

    • North America

      • The U.S.

    • Europe

      • Germany

      • The U.K.

    • Asia Pacific

      • India

      • China

    • Central & South America

    • Middle East & Africa

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