Cooking appliances are part of the household appliances industry (household appliance topic page). Most of these can be grouped into the major appliances segment and include appliances such as ranges, ovens, stoves, and microwaves. These cooking appliances make up a large share of the overall industry revenue as they are owned by more than 80 to 90 percent of households in many countries worldwide. The overall market for major household appliances is close to 200 billion U.S. dollars in annual revenue. Major companies in the market include the Midea Group, Gree Electric Appliances, Whirlpool, and Electrolux.
Cooking appliances make up 30 percent of the U.S. major appliances market
In the United States, cooking appliances make up almost 30 percent of the overall major appliances market, a share that has grown slightly over the past few years. This growing share of the major appliances market is reflected in rising unit sales in recent years for some cooking appliance categories. Unit sales of toaster ovens, for example, have increased from 7 million units in 2010 to more than 9 million in 2019. The European cooking appliances market also encompasses tens of millions in unit sales with hobs, built-in-ovens as the top categories.
Smart kitchen: Area of growth for appliances
Innovations in the home cooking appliances industry are projected to be driven mostly by the smart kitchen segment, which is set to grow to more than 20 billion U.S. dollars in size worldwide by 2023. Most of these smart kitchen appliances will be connected through Wi-Fi or Bluetooth and are more likely to come from the small appliance category first than the major appliances segment. Some use cases for major appliances are preheating ovens remotely and voice commands for stoves.
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In the following 5 chapters, you will quickly find the 26 most important statistics relating to "Cooking appliances".