Ahmed Sherif
Research expert covering IT services and gaming hardware
Cooking appliances - statistics & facts
In the heart of every home lies a vital component that brings families together and fuels our daily lives: the kitchen. Cooking appliances are part of the major appliances segment in the household appliances industry and include ovens, stoves, and microwaves, among others. These cooking appliances make up a large share of the overall industry revenue and are owned by the vast majority of households worldwide, with ownership in most European countries particularly high.
Major companies in the market include Haier Smart Home, LG Electronics, Whirlpool, Midea, Bosch Siemens Home Appliances (BSH), and Electrolux. Kitchen appliances represented around 16 percent of Haier Smart Home’s revenue in 2022, and over 27 percent of Whirlpool’s revenue in the same year.
Major companies in the market include Haier Smart Home, LG Electronics, Whirlpool, Midea, Bosch Siemens Home Appliances (BSH), and Electrolux. Kitchen appliances represented around 16 percent of Haier Smart Home’s revenue in 2022, and over 27 percent of Whirlpool’s revenue in the same year.
Cooking appliances fueling the global appliance industry
Marking a significant milestone in the appliance industry, cookers and ovens generated over 110 billion U.S. dollars in revenue in 2023. This figure was backed by over 300 million unit sales of cookers and ovens globally, demonstrating the strong demand for these appliances. The market is expected to continuously increase between 2024 and 2027 by more than 26 billion U.S. dollars, further solidifying the role of cookers and ovens as key contributors to the global appliance industry’s revenues. Moreover, revenues from cookers and ovens represent the second-largest share of major appliance revenues globally.Significant markets for cooking appliances
The United States is a substantial market for cooking appliances, with annual revenues from cookers and ovens above three billion U.S. dollars since 2021. This market alone constituted around three percent of the global cookers and ovens market in 2023, according to data from Statista’s Consumer Market Insights. China, India, and Nigeria are other significant markets for cooking appliances with market shares of 27, 14, and 5 percent, respectively. This is not a surprise considering Asia and Africa had the largest shares of revenues of small kitchen appliances globally, respectively.Ahmed Sherif
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Mar 8, 2024
Ahmed Sherif
Research expert covering IT services and gaming hardware
