The global range cookers market is estimated at USD 1.3 billion in 2022 and is projected to reach USD 2.1 billion by 2032. Furthermore, with rising applications in residential and commercial sectors, the total sales of range cookers are poised to grow at a CAGR of 4.1% from 2022 to 2032. The share of the range cooker market in its parent market (kitchen appliance market) is approximate ~1% - 2%.
People who love cooking and their kitchen often look for the best kitchen appliances that can help them to cook food more quickly and efficiently. One such unique kitchen equipment is range cookers.
Range cookers are freestanding cookers that come with two or more good-sized ovens, a selection of hob burners, and a grill. These cookers are more suited to modern cooking and are a great choice for consumers who want the very best.
Range cookers have become ideal alternatives to standard ovens due to their various features including high efficiency and convenient nature. These cookers have different cooking settings giving users greater ease and control when cooking different varieties of food. They are designed to have a large and flexible cooking capacity and provide a steady, even cooking heat.
The rising adoption of range cookers across households and hotel chains and restaurants is expected to boost the global market during the forecast period.
Similarly, the growing popularity of modular kitchens and increasing consumer awareness about the benefits of using high-tech cooking solutions will boost sales of range cookers over the next decade.
Leading manufacturers of range cookers are constantly innovating to develop advanced cooking solutions integrated with cutting-edge technologies to improve customer satisfaction. This will help them to increase their sales and will eventually foster the development of the range cookers industry.
| Attribute | Key Insights |
|---|---|
| Range Cookers Market Estimated Value (2022) | USD 1.3 billion |
| Projected Market Value (2032) | USD 2.1 billion |
| Value-based CAGR (2022 to 2032) | 4.1% |
| Top Players Market Share | ~5%-10% |
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According to Future Market Insights, the global demand for range cookers is forecast to surge at a steady 4.1% CAGR between 2022 and 2032, in comparison with the 3.8% CAGR registered during the historical period from 2017 to 2021.
Range cookers are unitary kitchen appliances that combine an oven and a cooktop. These cookers are available in numerous sizes and types for both commercial and residential use. They help end users to cook easily and generally take up very less space as compared to conventional cooking appliances.
Many newer models of range cookers include built-in storage for pots and pans. Modern range cookers come in an array of monochromatic and pastel colors, making them ideal for modern kitchens.
Easy availability of a wide variety of kitchen appliances like range cookers at affordable prices is playing a key role in boosting sales globally. With the economic boom and increasing disposable income, the buying power of many consumers is rising substantially.
Today, consumers are spending large amounts on purchasing advanced kitchen equipment for their modular kitchens. This will continue to boost the global range cookers industry during the forecast period.
As technology advances, individuals are more interested in cooking appliances that can be turned to multi-task, easing their busy lives. Millennials are increasingly interested in range cookers, as they can prepare their hearty dishes over a range of temperatures using just a single appliance.
Range cookers are primarily being used in commercial settings, such as food delivery stations and restaurants that serve multiple cuisines. Hence, a growing number of these commercial settings due to increasing demand for ready-to-eat food products and rising consumer spending is likely to fuel sales of range cookers over the next ten years.
Growing Consumer Demand for Technologically Advanced and Sophisticated Kitchen Appliances boosting Market
In recent years, there has been a sharp rise in the sales of electric range cookers and dual fuel range cookers due to rising consumer inclination towards technologically advanced kitchen appliances, and the trend is expected to continue during the forecast period.
With developments like rapid economic boom, changing lifestyles, and busy schedules, consumers are looking for advanced kitchen equipment to save cooking time and stay relevant to changing trends. This will continue to create growth prospects for the range cookers industry.
Similarly, in order to meet changing consumer demand, manufacturers such as Kyocera, Panasonic, and others are introducing new cooking solutions integrated with novel technologies. Their goal is to enable consumers to continue their love of cooking for the remainder of their lives.
However, exorbitant pricing for high-end freestanding range cookers and intense price competition between vendors will have a negative impact on the overall market development.
Rising Trend of Home Cooking to Boosting the USA Market
The USA has emerged as a promising market for range cookers and it is expected to reach a market valuation of USD 304.5 million by 2032. The growing trend of home cooking, the availability of advanced products, and the rising popularity of affordable mobile kitchen rentals are some of the key factors driving the USA range cookers industry.
Similarly, due to the subsequent modification trend of domestic dwellings, sales of related products are also rising in the United States. A rise in home improvement or remodeling spending is also being reflected in increased demand for home improvement or remodeling products.
The growing popularity of food-at-home cooking and the influence of social media, publications, and TV shows on cooking ideas and recipes, are increasing public knowledge of various cooking techniques. As a result, demand for range cookers is expected to surge over the projection period.
Rising Export of Kitchen Equipment Generating High Demand for Range Cookers in China
As per FMI China will continue to remain one of the lucrative markets for range cookers owing to the rising export of kitchen equipment, the strong presence of leading range cooker manufacturers, and the growing adoption of range cookers in the residential sector. FMI has predicted the China market to reach a total valuation of USD 443.0 million, by the end of 2032.
Revaluation of urbanization, vigorous promotion of merchandise by companies, and rising disposable income of customers are also major factors contributing to increased sales of range cookers in the country.
Surging Population and Rapid Urbanization Fuelling Sales in India
According to Future Market Insights, the overall market for range cookers in India is expected to reach a valuation of USD 254.9 million during the forecast period, making it one of the most lucrative markets across South Asia.
Rising sales of cooking appliances like range cookers are due to rapid urbanization, easy availability of products through online shopping platforms, and a rise in the proportion of people who cook at home due to the increasing purchasing power.
Attractive Benefits of Dual Fuel Range Cookers Making Them Extremely Popular
Based on product type, the dual-fuel range cooker segment is expected to reach a market valuation of USD 346.4 million during the forecast period owing to a rising end-user preference for dual-fuel range cookers due to their various advantages.
Dual fuel range cookers provide higher temperature and heat control than electric ones. They have become convenient heating and cooking solutions for consumers as they save space in the kitchen and give the kitchen a modular and new look.
Dual fuel range cookers feature both a gas cooktop (or hob) and electric ovens. By combining both fuel types into an all-in-one freestanding appliance, dual fuel range cookers allow users to take advantage of both fuel sources for optimal cooking, improving the meals that their kitchen produces.
Growing Popularity of Modular Kitchens Encouraging Adoption in the Residential Sector
As per FMI, the overall sales of range cookers in the residential/household category are expected to reach a market valuation of USD 643.5 million during the targeted period. The reason for the adoption of range cookers in residential/households is that consumer perception is changing toward modular kitchens.
Similarly, as more and more customers are getting influenced by western culture, they are looking to make their kitchen look smart by installing novel kitchen equipment like range cookers. This will further boost sales in the residential sector.
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Product innovation and Research and Development (R&D) are top priorities for major industry players as they work to provide products with a variety of oven and hob combinations. In addition, leading manufacturers are expanding their presence and strengthening their distribution network through acquisitions, mergers, alliances, and partnerships.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 1.3 billion |
| Projected Market Size (2032) | USD 2.1 billion |
| Anticipated Growth Rate (2022 to 2032) | 4.1% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Billion for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa |
| Key Segments Covered | Product Type, Application, Burner Type, Sales Channel, Region |
| 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) |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global range cookers market size is estimated to reach USD 1.3 billion in 2022.
The global market for range cookers grew at a CAGR of 3.8% between 2017 and 2021.
Demand for range cookers is expected to rise at 4.1% CAGR between 2022 and 2032.
As per FMI, the global range cookers industry is projected to top a valuation of USD 2.1 billion by 2032.
The United Kingdom range cookers market is projected to grow at a CAGR of 4.3% over the forecast period.
The overall market for range cookers in China is anticipated to expand at 5.6% CAGR during the assessment period.
| Estimated Market Size (2024E) | USD 15,242.3 million |
|---|---|
| Projected Market Value (2034F) | USD 28,322.2 million |
| Value-based CAGR (2024 to 2034) | 6.4% |
| Expected Market Value (2023) | USD 7.65 billion |
|---|---|
| Anticipated Forecast Value (2033) | USD 13.07 billion |
| Projected CAGR (2023 to 2033) | 5.5% |
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Range Cookers Market
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