Market Overview:
The global electrical cooktops and free-standing ranges market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electrical cooktops and free-standing ranges from households as well as commercial establishments. Additionally, the growing trend of smart kitchens is also contributing to the growth of this market. North America dominates the global electrical cooktops and free-standing ranges market, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa respectively.
Product Definition:
An electrical cooktop is a cooking appliance that uses electricity to heat pots and pans. A free-standing range is a type of oven that includes a cooktop and oven in one appliance. Both of these appliances are important for the modern kitchen because they offer flexibility in terms of cooking methods and space. Electrical cooktops provide more precision when cooking than traditional stovetops, while free-standing ranges offer a wide variety of features and options beyond what traditional ovens can provide. These appliances are both essential for anyone who wants to have flexibility and control when cooking meals.
Electrical Cooktops:
Electrical cooktops and free-standing ranges are used for cooking food. The electrical cooktops comprise of a heating element which is generally made up of an electric coil, this generates heat which can be used to cook the food. It may also have one or more additional features such as warming plate, griddle, grill etc., it may also be a combination of different functions like a microwave oven with convection function and steam generator at the same time.
Free-standing Ranges:
Free-standing ranges are also known as flat or vertical cooktops. They are usually placed above countertops in a kitchen and can be used by any person present in the kitchen. These ranges have different cooking surfaces like gas, electric, induction and others. The working principle of these devices is same as that of conventional ovens - heat source (gas/electricity) is connected to an electrical circuit board which then produces electricity for the heating element.
Application Insights:
The household segment dominated the global market in 2017. The growth of this segment can be attributed to increasing urbanization and rising disposable income levels among households across the globe. In addition, growing preference for electric cooktops due to their ease of use is also responsible for driving demand in this segment.
Electrical cooktops are considered convenient as they require less cleaning as compared to traditional gas burners. Furthermore, these products are user-friendly and operate just like an oven; hence, cooking recipes that require baking or heating can be performed easily using electrical cooktops with minimum efforts from consumers. This factor is likely to drive product demand over the forecast period.
Commercial application accounted for a significant share in 2017 owing to rapid expansion of commercial properties including hotels and restaurants at global level along with increasing R&D investments by major manufacturers such as Panasonic Corporation, Samsung Electronics Co., Ltd., Midea Group Co., Ltd., etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for more than 40% of the overall revenue share in 2017 owing to a large consumer base, growing middle-class population, and increasing disposable income. China is projected to be one of the key markets for cooktops across Asia Pacific during the forecast period due to an increasing number of households coupled with rising spending power among consumers.
Europe was estimated at USD X million in 2017 and is anticipated to witness significant growth over the coming years on account of high product penetration along with changing kitchen designs by consumers from traditional kitchens into modern ones that include integrated cookers. Moreover, technological advancements such as touch controls are likely boost demand further across Europe during 2018 - 2030 time frame.
Growth Factors:
- Increasing demand for electrical cooktops and free-standing ranges in the residential sector as a result of technological advancements and growing trend of smart homes
- Rising disposable income of consumers, especially in developing countries, which is resulting in an increase in demand for premium kitchen appliances
- Growing popularity of open-concept kitchens and remodeling projects that are driving the demand for electrical cooktops and free-standing ranges
- Proliferation of online cooking shows and recipes that are promoting the use of these appliances, thereby contributing to their growth
- Emergence of new product features such as induction cooking, Wi-Fi connectivity, etc., that are attracting consumers towards electrical cooktops and free-standing ranges
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Cooktops and Free-standing Ranges Market Research Report
By Type
Electrical Cooktops, Free-standing Ranges
By Application
Household, Commercial
By Companies
GE Appliances (Haier), Whirlpool, Electrolux, Sears, Samsung, Gorenje, Bosch Household Appliances, LG Electronics, Viking Range, Sharp, Wolf Appliance (Sub-Zero, Inc), Summit Appliance
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Cooktops and Free-standing Ranges Market Report Segments:
The global Electrical Cooktops and Free-standing Ranges market is segmented on the basis of:
Types
Electrical Cooktops, Free-standing Ranges
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Appliances (Haier)
- Whirlpool
- Electrolux
- Sears
- Samsung
- Gorenje
- Bosch Household Appliances
- LG Electronics
- Viking Range
- Sharp
- Wolf Appliance (Sub-Zero, Inc)
- Summit Appliance
Highlights of The Electrical Cooktops and Free-standing Ranges Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electrical Cooktops
- Free-standing Ranges
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrical Cooktops and Free-standing Ranges Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electrical cooktops and free-standing ranges are appliances that use electricity to heat up food. They come in many different shapes and sizes, and can be used for a variety of cooking tasks. Electrical cooktops typically have several burners or heating elements that you can use to cook your food. Free-standing ranges usually have a oven, stovetop, microwave oven, or grill on top of them.
Some of the major players in the electrical cooktops and free-standing ranges market are GE Appliances (Haier), Whirlpool, Electrolux, Sears, Samsung, Gorenje, Bosch Household Appliances, LG Electronics, Viking Range, Sharp, Wolf Appliance (Sub-Zero, Inc), Summit Appliance.
The electrical cooktops and free-standing ranges market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrical Cooktops and Free-standing Ranges Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electrical Cooktops and Free-standing Ranges Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electrical Cooktops and Free-standing Ranges Market - Supply Chain
4.5. Global Electrical Cooktops and Free-standing Ranges Market Forecast
4.5.1. Electrical Cooktops and Free-standing Ranges Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electrical Cooktops and Free-standing Ranges Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electrical Cooktops and Free-standing Ranges Market Absolute $ Opportunity
5. Global Electrical Cooktops and Free-standing Ranges Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Type
5.3.1. Electrical Cooktops
5.3.2. Free-standing Ranges
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electrical Cooktops and Free-standing Ranges Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electrical Cooktops and Free-standing Ranges Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electrical Cooktops and Free-standing Ranges Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electrical Cooktops and Free-standing Ranges Demand Share Forecast, 2019-2026
9. North America Electrical Cooktops and Free-standing Ranges Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Type
9.7.1. Electrical Cooktops
9.7.2. Free-standing Ranges
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electrical Cooktops and Free-standing Ranges Demand Share Forecast, 2019-2026
10. Latin America Electrical Cooktops and Free-standing Ranges Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Type
10.7.1. Electrical Cooktops
10.7.2. Free-standing Ranges
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electrical Cooktops and Free-standing Ranges Demand Share Forecast, 2019-2026
11. Europe Electrical Cooktops and Free-standing Ranges Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Type
11.7.1. Electrical Cooktops
11.7.2. Free-standing Ranges
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electrical Cooktops and Free-standing Ranges Demand Share, 2019-2026
12. Asia Pacific Electrical Cooktops and Free-standing Ranges Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Type
12.7.1. Electrical Cooktops
12.7.2. Free-standing Ranges
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electrical Cooktops and Free-standing Ranges Demand Share, 2019-2026
13. Middle East & Africa Electrical Cooktops and Free-standing Ranges Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electrical Cooktops and Free-standing Ranges Market Size and Volume Forecast by Type
13.7.1. Electrical Cooktops
13.7.2. Free-standing Ranges
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electrical Cooktops and Free-standing Ranges Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electrical Cooktops and Free-standing Ranges Market: Market Share Analysis
14.2. Electrical Cooktops and Free-standing Ranges Distributors and Customers
14.3. Electrical Cooktops and Free-standing Ranges Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE Appliances (Haier)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Whirlpool
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Electrolux
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sears
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Samsung
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Gorenje
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bosch Household Appliances
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LG Electronics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Viking Range
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sharp
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Wolf Appliance (Sub-Zero, Inc)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Summit Appliance
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
