What is the global market size of Household Cooking Appliance Market?

Global Household Cooking Appliance Market size was valued at USD 238.16 billion in 2022 and is poised to grow from USD 252.69 billion in 2023 to USD 405.80 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).

Household Cooking Appliance Market Size

Household Cooking Appliance Market Insights

Household Cooking Appliance Market size was valued at USD 268.95 billion in 2023 and is poised to grow from USD 285.62 billion in 2024 to USD 462.16 billion by 2032, growing at a CAGR of 6.2% during the forecast period (2025-2032).

Cooking appliances have been a mainstay of kitchens around the world for quite a while now and modern kitchens are incomplete without them. Stoves, ovens, cooktops, chimneys, blenders, and toasters are some of the most commonly used household cooking appliances. Evolving consumer lifestyles around the world are promoting the demand for household cooking appliances. Rising disposable income and a growing focus on convenience in fast-paced lifestyles are also estimated to uplift household cooking appliance sales outlook in the future.

household cooking appliances help people save time and improve their meal preparation times. Moreover, the rising popularity and availability of smart kitchen appliances are changing the way food is cooked around the world. household cooking appliance manufacturers are focusing on integrating advanced and smart features that allow people to automate their cooking appliances and elevate their cooking experience.

Sustainable and energy-efficient cooking appliances are projected to be high in demand around the world as people become more eco-conscious to reduce their environmental impact. The rising number of individuals cooking at home since the COVID-19 pandemic is also contributing to the surging sales of household cooking appliances. Changing dietary preferences and modernization of kitchen spaces are also forecasted to benefit household cooking appliance market growth in the future.

FAQs

Household Cooking Appliance Market size was valued at USD 252.69 Billion in 2023 and is poised to grow from USD 268.1 Billion in 2024 to USD 430.55 Billion by 2032, growing at a CAGR of 6.1% during the forecast period (2025-2032).

Strong brand recognition and the presence of a diverse product portfolio allow companies such as Electrolux AB, Whirlpool Corporation, LG Electronics, and Samsung Electronics to hold a prominent share of the market. New companies need to come up with highly innovative products and marketing strategies if they wish to make a mark in this industry. household cooking appliance market players are continually investing in research and development to create innovative products that attract new customers and boost sales potential. Focus on the creation of energy-efficient and smart household cooking appliances is high in the competitive landscape. Collaborations and partnerships are also predicted to be crucial strategies adopted by household cooking appliance companies. High emphasis on sustainability is also a trend that could help household cooking appliance suppliers boost their revenue generation potential in the future. 'Whirlpool Corporation', 'Sub-Zero, Inc. (Wolf)', 'Electrolux AB', 'Sharp Corporation', 'Panasonic Corporation', 'BSH Home Appliances Group (Bosch, Siemens, Thermador)', 'LG Electronics Inc.', 'Haier Group Corporation', 'La Cornue', 'Miele & Cie. KG', 'Viking Range, LLC', 'Gorenje Group', 'Smeg S.p.A.', 'Bertazzoni S.p.A.', 'Dacor, Inc.', 'BlueStar Cooking', 'Fisher & Paykel Appliances Ltd.', 'ILVE Appliances', 'AGA Rangemaster Group Ltd.', 'Samsung Electronics Co., Ltd.'

Growing adoption of fast-paced lifestyles around the world and the rising popularity of home cooking are projected to be key factors driving household cooking appliance demand outlook. The increasing popularity of diverse cuisines is also slated to favor market growth.

Smart and Connected Appliances: Cooking appliances equipped with smart technology are gaining rapid traction among people around the world as the proliferation of technology increases in all walks of life. Smart cooking appliances can be controlled remotely from devices such as smartphones to offer more convenience for users.

Asia Pacific accounts for the highest sales of household cooking appliances around the world. The massive population of Asian countries and rising disposable income are key prospects that drive market growth in this region. China and India are estimated to emerge as the most popular markets in this region over the next ten years. Increasing urbanization is also predicted to favor sales of blenders, stoves, cooktops, and ovens in this region going forward. A high number of people living in small urban spaces could also favor demand for space-efficient cooking appliances in the Asia Pacific region across the forecast period.