Large Cooking Appliance Market Report 2025

The large cooking appliance market size has grown strongly in recent years. It will grow from $34.4 billion in 2024 to $36.8 billion in 2025 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to shifting consumer lifestyles, design and aesthetics, consumer health awareness, urbanization and space constraints, product customization and personalization.

The large cooking appliance market size is expected to see strong growth in the next few years. It will grow to $48.91 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to global economic conditions, enhanced safety features, customizable options, urban living solutions, influence of culinary trends. Major trends in the forecast period include smart kitchen integration, energy efficiency demands, health and wellness trends, design and aesthetics, increased cooking convenience.

The expansion of urban areas is anticipated to drive the growth of the large cooking appliances market in the foreseeable future. Urbanization, characterized by the migration of populations from rural to urban locales, is identified as a significant contributor. The surge in urbanization, accompanied by income escalation and smaller household sizes, translates to an increased demand for large cooking appliances. As per the World Bank's October 2022 publication, more than half of the global population lived in urban settings in 2022, with projections indicating a 1.5-fold rise to 6 billion urban dwellers by 2045, signifying a substantial driver for the large cooking appliances market.

An increase in disposable income is anticipated to drive the growth of the large cooking appliance market in the future. Disposable income refers to the total amount of household income available for spending and saving after taxes. The demand for large cooking appliances is closely tied to disposable income, serving as a significant indicator of household financial health. As disposable income rises, individuals and families often seek to enhance their lifestyles and convenience, leading to greater investment in large cooking appliances. These devices, including advanced ovens, ranges, and cooking technologies, cater to evolving culinary preferences and busy lifestyles. With higher disposable income, consumers are more likely to prioritize kitchen upgrades, opting for technologically advanced and feature-rich appliances that streamline meal preparation. For example, in September 2024, an article published by the Office of National Statistics, a UK-based executive office of the Statistics Authority, reported a 6.3% increase in gross disposable household income (GDHI) in the UK in 2022 compared to 2021. Therefore, the rise in disposable income is significantly contributing to the growth of the large cooking appliance market.

Innovation stands as a prominent trend shaping the landscape of the Large Cooking appliance market. Leading companies in this sector are prioritizing product innovation to fortify their market presence. Samsung's 2022 introduction of the Bespoke AI Oven exemplifies this trend. This oven incorporates innovative features, including AI-driven food recognition technology and AI Pro Cooking functionalities that optimize cooking settings while preventing overcooking. The appliance's diverse steam cooking options further enhance its appeal, showcasing the significance of product innovation in meeting consumer demands for wholesome and convenient cooking solutions.

Major companies are increasingly forming partnerships to enhance their market positions. A strategic business partnership is a structured alliance between two or more commercial entities, typically formalized through one or more business agreements or contracts. For example, in June 2024, Havells India Ltd, an electrical goods and electronics company based in India, partnered with Jumbo Group, a UAE-based distributor of consumer electronics and technology products, to expand Havells' presence in the kitchen appliances market within the Middle East. This partnership will commence with the launch of Havells' premium kitchen appliances, such as advanced mixer grinders, which will initially be available through Jumbo’s e-commerce platform, jumbo.ae, followed by distribution in retail stores. This collaboration enhances the market reach and product offerings for both companies.

In February 2022, Spectrum Brands Inc., a home essentials company headquartered in the US, completed the acquisition of Tristar Products' kitchen appliances and cookware division. The financial details of the acquisition were not disclosed. This strategic move aimed to propel Spectrum Brands towards establishing a dominant position as a market leader with a focus on higher margins and accelerated growth within the global appliances market. Tristar Products Inc., the US-based company specializing in home appliances, particularly within the large cooking appliance sector, became a significant addition to Spectrum Brands' expanding portfolio through this acquisition.

Major companies operating in the large cooking appliance market are Samsung Electronics Co. Ltd., Whirlpool Corporation, Haier Group Corporation, Robert Bosch GmbH, AB Electrolux, GE Appliances, LG Electronics Inc., BSH Hausgeräte GmbH, Fisher & Paykel Appliances Co. Ltd., SMEG S.p.A, Miele & Cie. KG, KitchenAid, Thermador Groupe SA, Dacor LLC, Wolf Appliance, La Cornue, Bertazzoni SPA, ILVE SPA, Sub-Zero Inc., BlueStar Ltd., Capital Cooking Equipment, Tecnogas Superiore, American Range, AGA Rangemaster Ltd.

Asia-Pacific was the largest region in the large cooking appliance market in 2024. The regions covered in the large cooking appliance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the large cooking appliance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Large cooking appliances are substantial kitchen devices designed primarily for cooking, baking, and food preparation. They are capable of efficiently handling larger quantities of food, making them well-suited for families, catering services, and restaurants. Typically, these appliances incorporate safety features such as auto shut-off mechanisms and heat-resistant materials to minimize the risk of kitchen accidents. Additionally, they enable the simultaneous preparation of multiple dishes, thereby improving overall meal preparation efficiency.

The primary offerings within the realm of large cooking appliances include cooktops, ovens, and specialized culinary tools. A cooktop denotes a flat cooking surface integrated into kitchen countertops, usually equipped with four heat sources that activate upon use. These products are distributed through various channels, encompassing brick-and-mortar stores and e-commerce platforms, catering to both household and commercial applications.

The large cooking appliance market research report is one of a series of new reports that provides large cooking appliance market statistics, including large cooking appliance industry global market size, regional shares, competitors with an large cooking appliance market share, detailed large cooking appliance market segments, market trends and opportunities, and any further data you may need to thrive in the large cooking appliance industry. This large cooking appliance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The large cooking appliance market consists of sales of electric griddle plates, stainless steel commercial kitchen equipment, bowl cutters, 4 burner cooktop, and cooking vessels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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