The market for range cookers is expected to grow from its anticipated US$ 1.3 billion in 2022 to US$ 2.1 billion by 2032. Furthermore, from 2022 to 2032, range cooker sales as a whole are expected to increase at a compound annual growth rate of 4.1% due to the growing uses in the residential and commercial sectors. In its parent market, the kitchen appliance market, the range cooker market has a share of roughly 1% to 2%.
Growing adoption across residential and commercial sectors is a key factor driving the demand for electric range cookers in the market and the trend is likely to continue during the forecast period. This product is a freestanding kitchen appliance that comprises a cooktop and an oven in one unit. Range cookers are available in various sizes and styles for both commercial and residential use.
A range cooker’s size is usually larger than that of a standard built-in or stand-alone oven. A number of more recent range hoods feature a built-in rack for trays and pots. New range hoods are available in a variety of monochrome and pastel colours, giving them a trendy appearance in contemporary kitchens.
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The global market for cookers will be driven by improving consumer purchasing power due to the growing economies and urbanization. In addition, the promotion of female entrepreneurship is predicted to boost the market during the forecast period.
Consumers want kitchen appliances that keep up with their fast-paced and demanding lives, while also permitting them to save time in the kitchen. Millennials frequently purchase range cookers for the sake of long-term culinary convenience. Range cookers are being increasingly used in business contexts such as take-out food delivery services and multi-cuisine restaurants.
Thus, rapid growth of restaurants, hotels, cafeterias, and several other commercial sectors will generate high demand for range cookers during the forecast period. Similarly, innovation in range cooker technology and design is expected to create lucrative opportunities for manufacturers during the forecast period.
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Key Takeaways from the Range Cookers Market Study
- By product type, the dual fuel range segment is expected to grow at the fastest CAGR of more than 4.0% during the forecast period
- Based on application, the residential segment is expected to grow at a CAGR of 5.4% over the forecast period.
- The U.S range cookers market is anticipated to touch a valuation of US$ 304.5 Million by 2032
- China’s range cookers market is likely to cross US$ 443.0 Million by the end of 2032.
- The U.K. range cookers market is projected to grow at a CAGR of 4.3% over the forecast period.
Key Manufacturing Companies
- GE Appliances
- SAMSUNG
- Premier
- Monogram
- LG Electronics
- Frigidaire
- THERMADOR
- Dacor, Inc.
- Whirlpool Electric
- LG Electronics
- Panasonic
- Miele & Cie KG
- Hisense, INC.
- Gree Electric Appliances Inc.
- Sony Corporation
- Skyworth
- Others (on request)
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Future Market Insights, in its new offering, provides an unbiased analysis of the global range cookers market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the range cookers market based on the product type (electric & dual range), burner type (single burner, double burner, three burner, four burner, more than 4), application (residential, commercial), and sales channel (hypermarkets/supermarkets, convenience stores, others) across seven major regions.
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