The global range cookers market, valued at approximately USD 1.3 billion in 2022, is projected to grow significantly, reaching USD 2.1 billion by 2032. This growth reflects a compound annual growth rate (CAGR) of 4.1% over the next decade, fueled by increasing applications in both residential and commercial sectors.
As culinary enthusiasts seek efficient kitchen appliances, range cookers have emerged as a popular choice. These versatile freestanding cookers, featuring multiple ovens, hob burners, and grills, cater to modern cooking demands. Their ability to combine various cooking functionalities makes them an ideal alternative to traditional ovens, offering users high efficiency and ease of use.
Market Drivers for the Global Range Cookers Market
- Increasing Consumer Demand for Efficient Cooking Appliances: A growing interest in high-quality kitchen equipment that enhances cooking efficiency is driving the adoption of range cookers.
- Rising Popularity of Modular Kitchens: The trend towards modern, modular kitchen designs encourages consumers to invest in versatile appliances like range cookers.
- Expanding Applications in Residential and Commercial Sectors: The use of range cookers in homes, hotels, and restaurants is increasing, boosting overall market growth.
- Technological Advancements: Continuous innovation by manufacturers to integrate cutting-edge technologies into range cookers improves functionality and attracts consumers.
- Growth of Home Cooking Trends: The resurgence of home cooking, influenced by social media and cooking shows, is increasing demand for sophisticated cooking appliances.
- Rising Disposable Incomes: Increasing purchasing power allows consumers to invest in high-end kitchen appliances, further driving market growth.
- Popularity of Dual-Fuel Range Cookers: The convenience and efficiency of dual-fuel models are making them a preferred choice among consumers, contributing to market expansion.
- Increasing Online Shopping Accessibility: The easy availability of range cookers through e-commerce platforms makes them more accessible to consumers, boosting sales.
Key Takeaways
- The global range cookers market is poised for significant growth driven by rising demand in both residential and commercial sectors.
- Increasing consumer interest in efficient cooking appliances is propelling the adoption of range cookers.
- The popularity of modular kitchens is encouraging investments in versatile cooking solutions.
- Technological advancements are enhancing range cooker functionality and attracting consumers.
- The resurgence of home cooking, influenced by media, is boosting demand for sophisticated kitchen equipment.
- Dual-fuel range cookers are gaining traction due to their convenience and efficiency in modern kitchens.
Competitive Landscape
Product innovation and research and development (R&D) are key focuses for major industry players as they aim to offer a diverse range of oven and hob combinations. Additionally, leading manufacturers are enhancing their market presence and strengthening distribution networks through acquisitions, mergers, alliances, and partnerships.
For instance
- In February 2020, Samsung Electronics Co., Ltd., launched its new Infinite Cooking range. The new range includes a new oven and combi-hob with dual cook steam technology.
- In September 2021, Dulux and Stoves partnered to create a new collection of range cookers.
- 3P Cookings, in the year 2019, invested its R&D to achieve Stekio and Fireluft technology.
Key Companies Profiled
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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Range Cookers Industry by Category
By Product Type:
- Electric Range Cooker
- Dual Fuel Range Cooker
By Application:
- Residential
- Commercial
By Burner Type:
- Single Burner
- Double Burner
- Three Burner
- Four Burner
- More than 4
By Sales Channel:
- Wholesalers/Distributors
- Specialty Stores
- Hypermarket/Supermarkets
- Online Retailers
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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