Cooking Appliances Market

By Product Type;

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

By Application;

Household and Commercial

By Distribution Channel;

Online and Offline

By Fuel Type;

Cooking Gas and Electricity

By Geography;

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

Cooking Appliances Market Overview

Cooking Appliances Market (USD Million)

Cooking Appliances Market was valued at USD 65,613.48 million in the year 2024. 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%.


Cooking Appliances Market

*Market size in USD million

CAGR 3.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.0 %
Market Size (2024)USD 65,613.48 Million
Market Size (2031)USD 80,696.31 Million
Market ConcentrationHigh
Report Pages391
65,613.48
2024
80,696.31
2031

Major Players

  • Whirlpool Corporation
  • Electrolux AB
  • LG Electronics Inc.
  • Samsung Electronics Co., Ltd.
  • Haier Group Corporation
  • BSH Hausgeräte GmbH
  • Midea Group Co., Ltd.
  • Panasonic Corporation
  • Sharp Corporation
  • Viking Range, LLC

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Cooking Appliances Market

Fragmented - Highly competitive market without dominant players


The Cooking Appliances Market has evolved significantly with rising consumer preference for convenience, energy efficiency, and multifunctional devices. Nearly 55% of households now use smart-enabled cooking devices, reflecting a shift toward modern kitchens. Growing demand for connected solutions is reshaping the market, making cooking faster, healthier, and more efficient.

Rising Adoption of Smart Solutions
Integration of IoT-enabled appliances has driven rapid adoption, with about 45% of consumers preferring devices that support remote operation and customization. Features like voice control, touchless operation, and preset cooking functions are enhancing consumer experiences while promoting greater efficiency in food preparation.

Focus on Energy Efficiency
The market is witnessing strong momentum due to the focus on sustainable and energy-efficient appliances. Around 50% of consumers prioritize appliances with energy-saving features, which not only reduce electricity usage but also lower long-term costs. This growing eco-consciousness is influencing purchasing decisions significantly.

Innovation Driving Market Expansion
Technological advancements such as induction cooking, AI-powered recipes, and multifunctional ovens are revolutionizing the market. Approximately 40% of new product launches in this segment focus on offering advanced features that simplify cooking. Innovation remains a key factor in boosting adoption and widening consumer reach.

Future Outlook and Growth Potential
The Cooking Appliances Market is set for strong growth, fueled by lifestyle changes, increasing disposable incomes, and the demand for smart kitchens. Nearly 60% of consumers are expected to upgrade their kitchens with advanced appliances, ensuring robust expansion and long-term opportunities for industry stakeholders.

  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 Application
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Fuel Type
    5. Market Snapshot, By Region
  4. 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. 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. Cooking Appliances Market, By Application, 2021 - 2031 (USD Million)
      1. Household
      2. Commercial
    3. Cooking Appliances Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Online
      2. Offline
    4. Cooking Appliances Market, By Fuel Type, 2021 - 2031 (USD Million)
      1. Cooking Gas
      2. Electricity
    5. 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. Midea Group
      2. Whirlpool Corporation
      3. Samsung Electronics
      4. LG Electronics
      5. BSH Hausgeräte (Bosch / Siemens)
      6. Electrolux
      7. Haier
      8. Panasonic
      9. GE Appliances
      10. Sharp
      11. Viking Range (Middleby Corporation)
      12. SMEG
      13. Sub-Zero Group
      14. Fisher & Paykel (owned by Haier)
      15. Arçelik (Beko, Grundig)
  7. Analyst Views
  8. Future Outlook of the Market