Global Electric Ranges Market Size study, by Type (Freestanding Electric Ranges, Slide-in Electric Ranges, Drop-in Electric Ranges), by Price Point (Economy, Mid-Range, Premium), by Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, On

Global Electric Ranges Market Size study, by Type (Freestanding Electric Ranges, Slide-in Electric Ranges, Drop-in Electric Ranges), by Price Point (Economy, Mid-Range, Premium), by Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online Retail, Others) and Regional Forecasts 2022-2032

Global Electric Ranges Market is valued at approximately USD 20.5 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2024-2032. Electric ranges are essential kitchen appliances that utilize electricity to provide heat for cooking. They typically feature an electric oven and cooktop with electric heating elements, offering precise temperature control, ease of installation without the need for a gas line, and various advanced features such as self-cleaning ovens, convection cooking, and programmable settings. The market for electric ranges caters to diverse cooking needs, providing convenience, efficiency, and safety, making them popular in both residential and commercial settings.

The market growth is driven by increased consumer awareness of environmental sustainability and rising energy costs. Consumers are increasingly prioritizing energy-efficient appliances, and advancements in technology and design have led to electric ranges with higher energy efficiency ratings. These appliances align with eco-conscious consumer preferences and provide cost-saving benefits by reducing utility bills. Additionally, the integration of smart features, such as induction cooking, touchscreen controls, and Wi-Fi connectivity, enhances the functionality, convenience, and efficiency of electric ranges, catering to the demands of modern consumers seeking innovative kitchen appliances. However, the electric ranges market faces competition from other energy-boosting compounds like green tea extract, rhodiola, guarana, and adaptogenic herbs, which appeal to health-conscious consumers looking for clean-label items. This competition may limit the market's growth potential as consumers explore alternative options. Nevertheless, the versatility of electric ranges allows for innovation, such as refrigerated ranges and smart ranges with Wi-Fi connectivity, providing opportunities for market expansion.

The key regions considered for the global Electric Ranges Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Afirca. The North American market is characterized by steady growth driven by technological advancements, a shift in consumer preferences towards electric appliances, and an emphasis on energy efficiency and sustainability. In 2023, North America held a major market share, and the rise in environmental awareness and demand for energy-efficient solutions are expected to boost market growth. Major players in the industry, such as GE Appliances, Whirlpool Corporation, Samsung, and LG Electronics, continue to innovate and compete based on performance, design, and brand reputation, contributing to the dynamic and competitive market landscape.

Major market players included in this report are:

Whirlpool Corporation

General Electric

Samsung Electronics

LG Electronics

Electrolux Group

Bosch Home Appliances

Viking Range Corporation

Sears Holdings Corporation

BSH Home Appliances Corporation

Sub-Zero Group, Inc.

Bosch Home Appliances

Siemens AG

Panasonic Corporation

Miele & Cie. KG

Beko (a subsidiary of Arçelik)



The detailed segments and sub-segment of the market are explained below:

By Type:

Freestanding Electric Ranges

Slide-in Electric Ranges

Drop-in Electric Ranges

By Price Point:

Economy

Mid-Range

Premium

By Distribution Channel:

Hypermarkets and Supermarkets

Specialty Stores

Online Retail

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

Rest of Europe

Asia Pacific

China

India

Japan

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East and Africa

Saudi Arabia

South Africa

Rest of Middle East and Africa

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.

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