Cooking appliances - statistics & facts

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 more than 80 to 90 percent of households worldwide. The retail sales of major kitchen appliances alone are worth more than 90 billion U.S. dollars annually. Major companies in the market include Haier Smart Home, LG Electronics, Whirlpool, Midea, Bosch Siemens Home Appliances (BSH), and Electrolux.

Significant markets for cooking appliances

The United States is a substantial market for cooking appliances with annual revenues from cookers and ovens above five billion U.S. dollars. This market alone constitutes a share of around five percent of the global cookers and ovens market, according to data from Statista’s Consumer Market Outlook. China, India, and Brazil are other significant markets for cooking appliances with market shares of 23, 11, and 5 percent, respectively.

Solid outlook for cooking appliances

The Covid-19 pandemic has created an uptick in demand in the household appliances market. With people spending more time at home due to contact restrictions, lockdowns, and work from home, consumers invested more money into their homes with fewer opportunities to spend money elsewhere. In the global cookers & ovens market, this trend increased revenue by 10 percent globally in 2020 compared to 2019. This trend continued in 2021, with revenues in the segment forecast to grow by an additional six percent during the year. By 2022 the market for household appliances is projected to continue growing as household demands will keep rising. There is an expected slowdown to catch up to increased demand in 2021 but only a very slight halt.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Aug 31, 2023

Key insights

Major kitchen appliances retail sales 2021
87.9bn USD
Cookers & ovens revenue worldwide
109.5bn USD
Global cookers & ovens unit sales
226.2m
Get more insights

Editor’s Picks Current statistics on this topic

Selected leading home appliances manufacturers worldwide ranked by revenue in 2022 (in billion U.S. dollars)

Household Appliances

Major home & household appliances manufacturers worldwide ranked by revenue 2022

Household ownership rate of major appliances in selected countries worldwide in 2023

Major Appliances

Ownership rate of major household appliances in selected countries 2023

Major domestic appliances sales worldwide from 2005 to 2021 (in billion euros)*

Major Appliances

Global sales of major domestic appliances 2005-2021

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