Household Cooking Appliances Market Size, Share, and Growth Report 2032

Household Cooking Appliances Market: Size

The global household cooking appliances market size was worth around USD 237.89 billion in 2023 and is predicted to grow to around USD 398.52 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.90% between 2024 and 2032.

The report covers a forecast and an analysis of the household cooking appliances market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).

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Household Cooking Appliances Market: Overview

Household cooking appliances are an important part of an individual’s domestic life. These appliances help in meeting the basic needs of consumers, i.e., food. Recent developments and consumer preferences have fuelled this market in the last few years.

The household cooking appliances market is expected to grow remarkably over the forecast time period, owing to the rising number of nuclear families globally that has led to the increased purchase of these appliances. Families now prefer cooking appliances with the latest technology that help in food preparation at a quick pace without compromising the quality. Moreover, changing lifestyles and increasing disposable income are encouraging consumers to buy fancier cooking appliances, which will drive the household cooking appliances market in the years ahead. However, the high prices of these appliances may limit the household cooking appliances market, as these won’t be affordable for lower-middle-class families.

The study includes drivers and restraints of the household cooking appliances market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in household cooking appliances on a global level.

In order to give the users a comprehensive view of the household cooking appliances market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The report provides a company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

Household Cooking Appliances Market: Segmentation

The study provides a decisive view of the household cooking appliances market by segmenting it based on the product, application, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

The product segment includes specialized appliances, ovens, and cooktops and cooking ranges. The cooktops and cooking ranges segment includes electrical coil cooktops, induction cooktops, and gas cooktops. Ovens are further classified into conventional, microwaves, and combination ovens. Cooktops and cooking ranges will dominate the market, due to the use of the latest technology like IoT-enabled products that can be controlled by smartphones.

By application, the household cooking appliances market includes built-in and free standing. The free-standing segment dominates the market, due to it’s a wide range of features like mobility, easily replaceable, and affordability.

By distribution channel, the market is classified into specialty retail, B2B, e-commerce, hypermarkets/supermarkets, and others. Hypermarkets/supermarkets are the major market distribution segment, due to their features like availability of variety of types and brands, huge discounts, and tangibility. Moreover, the world is moving toward online, which will be driving the e-commerce segment growth in the future.

Household Cooking Appliances Market: Report Scope

Household Cooking Appliances Market: Regional Analysis

The regional segment includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. 

North America is expected to grow significantly household cooking appliances market, owing to high disposable income and better standards of living of the regional population. Consumers in the region spend on quality household cooking appliances. The Asia Pacific household cooking appliances market will witness the highest rate of growth in the years ahead, owing to the changing lifestyles and rising number of nuclear families across the region.

Household Cooking Appliances Market: Key Players Analysis

Some key players in the household cooking appliances market are:

• Haier Group
• Koninklijke Philips
• Hitachi
• Electrolux
• LG Electronics
• Robert Bosch
• The Whirlpool
• Samsung
• Miele
• Midea Group

This report segments the global household cooking appliances market as follows:

Global Household Cooking Appliances Market: Product Analysis

• Cooktops and Cooking Ranges
• Ovens
• Specialized Appliances

Global Household Cooking Appliances Market: Application Analysis

• Built-In
• Free Standing

Global Household Cooking Appliances Market: Distribution Channel Analysis

• Hypermarkets/Supermarkets
• B2B
• E-Commerce
• Specialty Retail
• Others

Global Household Cooking Appliances Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa