Cookers & Ovens Market Size and Investment Feasibility Analysis Report 2028

Cookers & Ovens Market Growth & Trends

The global cookers & ovens market size is expected to reach USD 227.8 billion by 2028, registering a CAGR of 5.8% in the forecast period, according to a new report by Grand View Research, Inc. The market is primarily fueled by the rising demand for portable cooktops from consumers across Asia Pacific and the increasing popularity of ovens among consumers in the U.K. The multifunctionality of these appliances in both domestic and commercial settings is also anticipated to boost the market growth.

U.S. cookers & ovens market size, by type, 2020 - 2028 (USD Billion)

Cookers & Ovens Market Segmentation

Grand View Research has segmented the global cookers & ovens market based on type, distribution channel, and region:

Based on the Type Insights, the market is segmented into Cooktops & Cooking Ranges, Ovens and Cookers.

  • Cooktops & cooking ranges accounted for the dominant share of over 80% in 2021 as these are energy-efficient cooking solutions. The growing adoption of dual heat sensor-based induction cooktops is fueling the demand for these kitchen appliances. The rising demand for cooktops with front Bakelite knob control among consumers in China and Saudi Arabia is also likely to boost segment growth over the forecast period. Ovens are projected to register the fastest growth over the forecast period, which is owing to the rising demand for charcoal lighting heater-based ovens from consumers in the U.K. and Germany.
  • The cookers segment also held a significant share in the cookers & ovens market and is expected to witness strong growth over the forecast period. The growth of the segment can be attributed to the increasing adoption of cookers with multiple burners as they ease the task of cooking. Moreover, cookers are available in varying sizes, depending upon the usage, the size of the kitchen, and the requirements of the consumers. Hot air grilling-based cookers are immensely popular in the market.

Based on the Distribution Channel Insights, the market is segmented into Offline and Online.

  • The offline segment held a share of just under 75% in the global market in 2021. The growing demand for micro-ovens in developing countries such as China and India will help build the network of kitchen appliance distributors and resellers. Local stores selling household appliances supply a diversified portfolio of cookers and ovens, both portable and non-portable, and build long-lasting customer relationships. Supportive measures taken by product manufacturers to provide an efficient sales margin for offline stores will propel the segment growth.
  • The online segment is projected to register the fastest growth over the forecast period. This growth can be attributed to the increased focus of cooker & oven manufacturers to adopt online trading as it is more secure compared to conventional trading. The availability of multiple international and domestic brands, customer-oriented delivery services, efficient transaction solutions, and safe payment methods are major factors driving consumers to purchase cookers & ovens through the online sales channel.

Cookers & Ovens Regional Outlook

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

Market Share Insights

  • December 2021: LG Electronics introduced and launched the latest range of cooking appliances at CES 2022 the Double Oven Gas Slide-in Range and the Over-the-Range Microwave Oven
  • December 2021: GROUPE SEB signed an agreement with Preciber, a family company in Morocco, to form a joint venture called Groupe SEB Maroc to strengthen its presence in Africa

Key Companies Profile & Market Share Insights

Companies have been focusing on launching cooking equipment with no-pressure steam settings and locking indicator-based pressure cookers. Portable cooktops with a premium glass finish and stacking function in ovens have also been in high demand.

Some of the prominent players operating in the global cookers & ovens market include,

  • Electrolux AB
  • Haier Group
  • Samsung
  • LG Electronics
  • Robert Bosch GmbH
  • GROUPE SEB
  • Zwilling
  • Fissler
  • Koninklijke Philips N.V.
  • WMF Group

Order a free sample PDF of the Cookers & Ovens Market Intelligence Study, published by Grand View Research.

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