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The global household cooking appliance market was valued at USD 305.73 billion in 2022 and growing at a CAGR of 7.37% from 2023 to 2032. The market is expected to reach USD 622.54 billion by 2032. The Middle East and Africa is expected to increase the fastest during the forecast period.
Microwaves, cooktops, cooking ranges, and other specialist devices are a few examples of household cooking appliances. These items can have auto programs, heat regulators, or innovative programs as their foundation. These items are intended to make cooking simple and efficient. Furthermore, these items are utilized for cleaning and cooking. The need for the newest and most cutting-edge cooking appliances among homes worldwide is anticipated to fuel market expansion in the forecast years. The market for domestic cooking appliances is expanding due to the different features offered by top manufacturers and energy efficiency. Some key drivers influencing demand for the household cooking appliance market are increased disposable income, changing lifestyles, rising home improvement costs, adoption of modular kitchens, and an increase in the number of nuclear families worldwide. Additionally, the convenient access to cooking equipment through various sales channels, combined with a simple payment option, refund policy, and replacement offer, significantly boosts consumer demand for household cooking appliances. During the forecast period, the market is likely to rise due to the growing popularity of intelligent devices, including features like screens, voice control, and cameras. The latest features grabbing consumers' interest include technology like wireless connectivity and the internet of things (IoT) that enable remote monitoring. Additionally, consumers who are cost conscious benefited from the introduction of items with verified energy efficiency.
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Bringing together specialists from the whole food ecosystem, Electrolux presented the Future Sustainable Kitchen on March 22, 2021. The event's main objective was to make sustainable eating the go-to option.
On April 15, 2021, the Electrolux Group announced that its AEG and Electrolux brands had won four Red Dot Design Awards. The designs impressed judges worldwide regarding innovation, use, technical excellence, and aesthetics.
Increasing household demand for eco-friendly cooking equipment- The market for cooking appliances with energy-efficiency certification is anticipated to increase in response to rising energy costs and growing environmental consciousness, particularly among households in developed countries. Additionally, producers are concentrating more on creating energy-efficient appliances, which also fuels the global need for household cooking appliances. A significant driver of the market expansion for household cooking appliances is the expanding population of the world combined with the rise in smaller households. The growing number of nuclear families who need at least one cooktop contributes to the market for household appliances. As a result, the demand for kitchen appliances is rising as the number of nuclear families increases. Again, it is anticipated that high residential building construction due to an increasing population will promote market expansion. Consumers' growing disposable income fuels demand for effective and modern kitchen appliances. The emergence of reasonably priced and effective kitchen appliances is assisting in accelerating market expansion along with the substantial increase of economies. Increasing labor force participation raises the country's GDP, which expands the household cooking appliances market. Thus, increasing consumer disposable income across undeveloped nations is anticipated to support the market expansion of household cooking appliances.
The increasing use of online platforms for meal delivery- The main restraints on growth include an increase in employment, a rise in the number of women working, customers' busy and hectic schedules, an increase in disposable money, and a growing use of online meal delivery services like Zomato. Because they no longer have time to cook at home, people are increasingly choosing to order through online food delivery services. This could restrict household cooking appliances' usage and hamper market expansion.
The adoption of cutting-edge technology like IoT and AI- The latest technologies are being introduced by the manufacturers, including wireless connectivity, built-in cameras, screens, AI, and IoT, which enable remote operation of household cooking appliances and move the industry closer to automation of kitchen appliances. Consumers are showing interest in these newest technologies, which are anticipated to boost sales in the upcoming years. Urban population growth is expected to create profitable business opportunities worldwide. It is anticipated that interconnected cooking, which involves connecting kitchen appliances via the Internet of Things (IoT), can present attractive opportunities. This is attributable to the development of technology, driven by shifting consumer demand and preferences, and encourages producers to develop such cutting-edge products. Additionally, it is anticipated that the market expansion in the near future will be supported by the rising demand for appliances that are simple to use and handle.
Low affordability and electrification in developing countries- One of the biggest obstacles for market participants that prevents them from entering underdeveloped markets is the absence of electrification in underdeveloped regions. Another difficulty for manufacturers in creating affordable appliances is the poor affordability of low-income consumers. It is anticipated that the high initial cost will hamper the market growth compared to traditional cooking appliances. Innovative cooking appliances are being restricted due to the frequent maintenance required by modern devices. This restriction to market expansion emerges. The growing number of single people who prefer eating over cooking at home impacts the need for the product. The development of the global food and catering industry is also anticipated to restrain the market expansion for household cooking appliances.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the highest in the global household cooking appliance market, with a share of 38.46% and valued at USD 117.58 billion in 2022. Due to the low labor cost and accessibility of raw materials at reasonable prices, the region has become a significant production hub for manufacturers of household cooking appliances. Consequently, top producers from other areas are also extending their business activities in the Asia Pacific region. Throughout the forecast period, the regional market is anticipated to increase due to rising consumer spending power, early adoption of cutting-edge technology, increasingly changing lifestyles, and ongoing urbanization.
Asia Pacific Region Household Cooking Appliance Market Share in 2022 - 38.46%
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The product segment is divided into ovens, cooktops & cooking ranges, and specialized appliances. The cooktops & cooking ranges segment had the highest market share of 36.86% and was valued at USD 112.69 billion in 2022 in the household cooking appliance market. The newest cooktops and cooking ranges for households come in various sizes, are simple to install, and include functionalities that are simple to operate. As a result, they have increased consumer popularity and created new economic prospects, particularly in North America and Europe. The segment has been divided into cooktops and gas, electricity, and induction appliances ranges. Digital temperature control panels on induction cooktops help save time and conserve energy. As a result, modern households choose induction cooktops significantly.
The structure segment is divided into freestanding and built-in. The freestanding segment had the highest market share of 54.83% and was valued at USD 167.63 billion in 2022 in the household cooking appliance market. In comparison to their built-in equivalents, freestanding appliances are less expensive. It is also simple to find replacement components for freestanding household products. Although freestanding home appliances take up more room in the kitchen, they are widespread since customers can select the products they want based on their space. Freestanding home furnishings are straightforward to keep clean and maintain.
The distribution channel segment is divided into e-commerce and brick & mortar. The brick & mortar segment had the highest market share of 61.74% and was valued at USD 188.75 billion in 2022 in the household cooking appliance market. Many household consumers will continue to favor the brick-and-mortar channel and buy cooking equipment from general merchandise stores and other specialist retailers. Due to the tangible nature of the product, buyers may make rapid purchasing decisions at physical stores, allowing them to experience the product personally. When it comes to online purchases of kitchen appliances, there are occasions when customers feel uneasy about purchasing after only viewing the effect on the website. At this point, actual stores enable shoppers to inspect the appliance up close and make an informed purchase.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 305.73 Billion |
| Market size value in 2032 | USD 622.54 Billion |
| CAGR (2023 to 2032) | 7.37% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Regional Segments | The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. |
| Segments | Product, Structure, Distribution Channel |
As per The Brainy Insights, the size of the household cooking appliance market was valued at USD 305.73 billion in 2022 & USD 622.54 billion by 2032.
Global household cooking appliance market is growing at a CAGR of 7.37% during the forecast period 2023-2032.
Asia Pacific region emerged as the largest market for the household cooking appliance.
The market's growth will be influenced by increasing household demand for eco-friendly cooking equipment.
The market's growth will be hampered by the increasing use of online platforms for meal delivery.
The adoption of cutting-edge technology like IoT and AI is one of the opportunities for the growth of the market.
Low affordability and electrification in the developing countries is the challenge for the household cooking appliance market.
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product
4.3.2. Market Attractiveness Analysis By Structure
4.3.3. Market Attractiveness Analysis By Distribution Channel
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing household demand for eco-friendly cooking equipment
5.3. Restraints
5.3.1. The increasing use of online platforms for meal delivery
5.4. Opportunities
5.4.1. The adoption of cutting-edge technology like IoT and AI
5.5. Challenges
5.5.1. Low affordability and electrification in the developing countries
6. Global Household Cooking Appliance Market Analysis and Forecast, By Product
6.1. Segment Overview
6.2. Ovens
6.3. Cooktops & Cooking Ranges
6.4. Specialized Appliances
7. Global Household Cooking Appliance Market Analysis and Forecast, By Structure
7.1. Segment Overview
7.2. Freestanding
7.3. Built-in
8. Global Household Cooking Appliance Market Analysis and Forecast, By Distribution Channel
8.1. Segment Overview
8.2. E-commerce
8.3. Brick & Mortar
9. Global Household Cooking Appliance Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Household Cooking Appliance Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Household Cooking Appliance Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Daewoo Electronics Corporation
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Haier Group Company
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Panasonic
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Videocon Industries Limited
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Fisher & Paykel Appliances Holdings Ltd.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Miele & Cie. KG
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. AB Electrolux
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. LG Electronics
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Robert Bosch Gmbh
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Whirlpool Corporation
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Stoves Appliance Company (Glen Dimplex Home Appliances Ltd.)
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Philips Electronics
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
List of Table
1. Global Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
2. Global Ovens, Household Cooking Appliance Market, By Region, 2019-2032 (USD Billion)
3. Global Cooktops & Cooking Ranges, Household Cooking Appliance Market, By Region, 2019-2032 (USD Billion)
4. Global Specialized Appliances, Household Cooking Appliance Market, By Region, 2019-2032 (USD Billion)
5. Global Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
6. Global Freestanding, Household Cooking Appliance Market, By Region, 2019-2032 (USD Billion)
7. Global Built-in, Household Cooking Appliance Market, By Region, 2019-2032 (USD Billion)
8. Global Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
9. Global E-commerce, Household Cooking Appliance Market, By Region, 2019-2032 (USD Billion)
10. Global Brick & Mortars, Household Cooking Appliance Market, By Region, 2019-2032 (USD Billion)
11. Global Household Cooking Appliance Market, By Region, 2019-2032 (USD Billion)
12. North America Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
13. North America Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
14. North America Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
15. U.S. Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
16. U.S. Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
17. U.S. Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
18. Canada Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
19. Canada Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
20. Canada Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
21. Mexico Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
22. Mexico Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
23. Mexico Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
24. Europe Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
25. Europe Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
26. Europe Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
27. Germany Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
28. Germany Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
29. Germany Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
30. France Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
31. France Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
32. France Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
33. U.K. Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
34. U.K. Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
35. U.K. Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
36. Italy Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
37. Italy Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
38. Italy Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
39. Spain Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
40. Spain Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
41. Spain Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
42. Asia Pacific Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
43. Asia Pacific Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
44. Asia Pacific Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
45. Japan Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
46. Japan Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
47. Japan Household Cooking Appliance Market, By Distribution Channel 2019-2032 (USD Billion)
48. China Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
49. China Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
50. China Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
51. India Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
52. India Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
53. India Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
54. South America Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
55. South America Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
56. South America Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
57. Brazil Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
58. Brazil Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
59. Brazil Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
60. Middle East and Africa Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
61. Middle East and Africa Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
62. Middle East and Africa Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
63. UAE Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
64. UAE Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
65. UAE Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
66. South Africa Household Cooking Appliance Market, By Product, 2019-2032 (USD Billion)
67. South Africa Household Cooking Appliance Market, By Structure, 2019-2032 (USD Billion)
68. South Africa Household Cooking Appliance Market, By Distribution Channel, 2019-2032 (USD Billion)
List of Figures
1. Global Household Cooking Appliance Market Segmentation
2. Household Cooking Appliance Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Household Cooking Appliance Market Attractiveness Analysis By Product
9. Global Household Cooking Appliance Market Attractiveness Analysis By Structure
10. Global Household Cooking Appliance Market Attractiveness Analysis By Distribution Channel
11. Global Household Cooking Appliance Market Attractiveness Analysis By Region
12. Global Household Cooking Appliance Market: Dynamics
13. Global Household Cooking Appliance Market Share by Product (2023 & 2032)
14. Global Household Cooking Appliance Market Share by Structure (2023 & 2032)
15. Global Household Cooking Appliance Market Share by Distribution Channel (2023 & 2032)
16. Global Household Cooking Appliance Market Share by Regions (2023 & 2032)
17. Global Household Cooking Appliance Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global household cooking appliance based on below mentioned segments:
Global Household Cooking Appliance by Product:
Global Household Cooking Appliance by Structure:
Global Household Cooking Appliance by Distribution Channel:
Global Household Cooking Appliance by Region:
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The data procurement stage involves in data gathering and collecting through various data sources.
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