Cookers & Ovens Market Size, Share & Trends Analysis Report By Type (Ovens, Cookers, Cooktops & Cooking Ranges), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2022 - 2028

Cookers & Ovens Market Size, Share & Trends Analysis Report By Type (Ovens, Cookers, Cooktops & Cooking Ranges), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2022 - 2028

Cookers & Ovens Market Growth & Trends

The global cookers & ovens market size is expected to reach USD 227.8 billion by 2028, registering a CAGR of 5.8% in the

forecast period, according to a new report by Grand View Research, Inc. The market is primarily fueled by the rising demand

for portable cooktops from consumers across Asia Pacific and the increasing popularity of ovens among consumers in the U.K.

The multifunctionality of these appliances in both domestic and commercial settings is also anticipated to boost the market

growth.

In recent years, an increasing number of consumers around the world have begun cooking various small and large meals at home.

This can be attributed to rising health consciousness and the growing trend of entertaining guests at home. The coronavirus

pandemic also compelled an extraordinarily large number of consumers to cook at home as restaurants and other eateries were

shut for extended periods. This surge in cooking practices has also fueled the demand for various cooking and kitchen

appliances.

The ovens segment is expected to register the highest growth rate over the forecast period, fueled by the rising demand for

charcoal lighting heater-based appliances from consumers in the U.K. and Germany. The cookers segment is also likely to

showcase strong growth over the coming years, with hot air grilling-based cookers witnessing high demand. The availability of

these appliances with multiple burners and in varying sizes, depending upon the requirement and space, will also contribute

to the segment’s growth.

The offline segment accounted for nearly three-quarters of the global market in 2021. The growing demand for micro-oven

products in countries such as China and India has helped build the network of kitchen appliance distributors and resellers.

Lower maintenance costs with long-lasting customer relationships is the major factor boosting this segment. The rising demand

for cost-effective kitchen appliances is a major opportunity that offline players can capitalize on and keep up with the

competition from online sales channels.

Asia Pacific held the dominant share in the global market due to the increasing demand for convection microwave appliances

from consumers in China and India. The rising trend of oil-free cooking in Japan and the use of motorized rotisseries with

food locking capabilities will help to fuel this regional market. In China, the market is driven by the growing demand for

enameled cavity-based cookers, while in India, there is a high demand for 4D hot air-based oven products.

Key players in the market are undertaking major initiatives such as mergers and acquisitions, partnerships, agreements,

product launches, and global expansion to keep up with the competition. Locking indicator-based pressure cookers, cooktops

with premium glass finishing and energy-efficient cooking solutions, no-pressure steam settings in cookers, and stacking

function and hot air grilling functionality in ovens are some of the major focus areas among players.

Cookers & Ovens Market Report Highlights

• The cooktops and cooking range segment accounted for the largest share of the global revenue in 2021. The rising

trend of dual heat sensor-based induction cooktops is boosting sales statistics within this segment

• The Middle East & Africa is projected to witness the highest CAGR from 2022 to 2028. This can be attributed to

growing funding from private firms in South Africa to procure adjustable cooking settings in cooktops & cooking ranges

• The online segment is projected to register the fastest growth during the forecast period. This growth is attributed

to the availability of customer-oriented delivery services and safe and efficient payment optionsPlease note The report will be delivered in 2-3 business days upon order notification.