Global Cooking Appliances Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Microwaves, Ovens, Cooktops, Range Hoods, Small Appliances, and Parts & Accessories.

By Distribution Channel;

Online Stores, Supermarkets/Hypermarkets, Specialty Stores, and Others.

By Application;

Household and Commercial.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn146413317 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Cooking Appliances Market (USD Million), 2021 - 2031

In the year 2024, the Global Cooking Appliances Market was valued at USD 65,613.48 million. The size of this market is expected to increase to USD 80,696.31 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.0%.

The global cooking appliances market has witnessed significant growth over the past decade, driven by evolving consumer lifestyles, technological advancements, and increasing demand for energy-efficient and smart kitchen solutions. Cooking appliances, which include products such as ovens, cooktops, ranges, microwaves, and specialty appliances like slow cookers and air fryers, have become essential components of modern kitchens. The market is fueled by the growing trend of home cooking, spurred by health consciousness, the desire for customized meals, and the impact of global events such as the COVID-19 pandemic, which encouraged people to spend more time at home. Additionally, urbanization and rising disposable incomes, particularly in emerging economies, have contributed to the expansion of the market as consumers seek to upgrade their kitchen setups with advanced and aesthetically appealing appliances.

Technological innovation plays a pivotal role in shaping the global cooking appliances market. Smart appliances equipped with IoT (Internet of Things) capabilities, voice control, and AI-driven features are gaining traction among tech-savvy consumers. These appliances offer convenience, energy efficiency, and enhanced cooking experiences, aligning with the growing demand for connected homes. Furthermore, sustainability has become a key focus, with manufacturers introducing eco-friendly appliances that reduce energy consumption and carbon footprints. Induction cooktops, for instance, have gained popularity due to their energy efficiency and safety features. The market is also seeing a surge in demand for multifunctional appliances that save space and time, catering to the needs of smaller urban households.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific, led by countries like China and India, is expected to dominate the market due to rapid urbanization, a growing middle class, and increasing adoption of modern kitchen appliances. North America and Europe remain significant markets, driven by high consumer spending power and the presence of leading manufacturers. However, challenges such as fluctuating raw material prices and supply chain disruptions may hinder market growth. Despite these obstacles, the global cooking appliances market is projected to continue its upward trajectory, supported by innovation, changing consumer preferences, and the ongoing trend of kitchen modernization.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Cooking Appliances Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Convenience
        2. Technological advancements
        3. Changing consumer lifestyles
        4. Increasing urbanization
      2. Restraints
        1. High initial costs
        2. Maintenance complexities
        3. Energy consumption concerns
        4. Market saturation
      3. Opportunities
        1. Growing demand in emerging markets
        2. Integration of IoT and AI technologies
        3. Focus on eco-friendly products
        4. Customization and personalization trends
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Cooking Appliances Market, By Product Type, 2021 - 2031 (USD Million)
      1. Microwaves
      2. Ovens
      3. Cooktops
      4. Range Hoods
      5. Small Appliances
      6. Parts & Accessories.
    2. Global Cooking Appliances Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Online Stores
      2. Supermarkets/Hypermarkets
      3. Specialty Stores
      4. Others
    3. Global Cooking Appliances Market, By Application, 2021 - 2031 (USD Million)
      1. Household
      2. Commercial.
    4. Global Cooking Appliances Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Whirlpool Corporation
      2. Electrolux AB
      3. LG Electronics Inc.
      4. Samsung Electronics Co., Ltd.
      5. Haier Group Corporation
      6. BSH Hausgeräte GmbH
      7. Midea Group Co., Ltd.
      8. Panasonic Corporation
      9. Sharp Corporation
      10. Viking Range, LLC
  7. Analyst Views
  8. Future Outlook of the Market