Market Overview:
The global electric ovens and cooktops 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 electric ovens and cooktops from residential as well as commercial applications. Additionally, the growing trend of smart homes is also contributing to the growth of this market. On the basis of type, the global electric ovens and cooktops market can be segmented into multi-function electric ovens and cooktops and normal electric ovens and cooktops. The multi-function electric ovens and cooktops segment is expected to grow at a higher CAGR than that of the normal electric ovens and cooktops segment during the forecast period from 2018 to 2030. This can be attributed to their ability to perform multiple functions such as baking, roasting, grilling, etc., which makes them more popular among consumers than normal Electric Oven Cooktopstops with single functionality.
Product Definition:
Electric ovens and cooktops are kitchen appliances that use electricity to heat elements to cook food. They are important because they provide an efficient way to cook food without using a lot of energy.
Multi-Function Electric Ovens and Cooktops:
Multi-function electric ovens and cooktops are used in cooking different food items at the same time. It helps to save counter space, energy, time & cost as well as cleanliness in kitchen. The introduction of multi-functional ovens and cooktops has revolutionized the cooking experience for consumers by making it easier than ever before.
The major driving factors responsible for growth of Multi-Function Electric Ovens.
Normal Electric Ovens and Cooktops:
Normal electric ovens and cooktops are the most commonly used equipment in households across the globe. These products have a heating element that is either located inside or outside of the appliance. The heat is generated by an electrically powered coil, which produces steam or hot air for cooking food. Ovens can be operated at different temperatures to cater to various types of needs ranging from low temperature settings for slow cooking to high temperature settings for fast baking.
Application Insights:
The commercial application segment accounted for the largest share of more than 60.0% in 2017. The growth can be attributed to the increasing adoption of electric cooktops and ovens in hotels, restaurants and other food service industries. These products are considered as an economical alternative to gas burners and traditional cooking equipment, which results in their increased adoption across various applications within the hospitality sector.
The residential application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising demand for energy-efficient products with improved aesthetics that offer ease of use along with enhanced safety features including automatic shutoff feature when dishes are done cooking or reaching a pre-set temperature respectively.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance throughout the forecast period owing to high product demand from residential and commercial applications. In addition, increasing penetration of smart electric cookers and multi-functional electric ovens is anticipated to drive the regional market growth over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regional markets during the same period owing to rising disposable income levels, growing population, and expanding real estate sector in developing countries such as China and India. Moreover, government initiatives encouraging people for using energy-efficient products are expected favorably impact industry growth over next few years.
Growth Factors:
- Increasing demand for electric ovens and cooktops in the residential sector as a result of changing lifestyles and growing disposable income.
- Rising popularity of modular kitchens, which are typically equipped with electric ovens and cooktops, among Indian consumers.
- Increasing penetration of organized retail in India, which is aiding the growth of the electric ovens and cooktops market by providing consumers with easy access to these products.
- Growing demand for energy-efficient appliances in India, as a result of rising concerns about climate change and increasing electricity tariffs.
- Proliferation of online shopping portals in India that offer a wide range of electric ovens and cooktops at competitive prices, thus facilitating easier access to these products for Indian consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Ovens and Cooktops Market Research Report
By Type
Multi-Function Electric Ovens and Cooktops, Normal Electric Ovens and Cooktops
By Application
Residential, Commercial
By Companies
GE, Whirlpool Corporation, Frigidaire, Kenmore, KitchenAid, Bosch, Siemens, SAMSUNG, Media, Haier, GE, Electrolux, Merrychef, Miele, ACP Solutions, Alto-Shaam, Merrychef
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 Electric Ovens and Cooktops Market Report Segments:
The global Electric Ovens and Cooktops market is segmented on the basis of:
Types
Multi-Function Electric Ovens and Cooktops, Normal Electric Ovens and Cooktops
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
Residential, 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
- Whirlpool Corporation
- Frigidaire
- Kenmore
- KitchenAid
- Bosch
- Siemens
- SAMSUNG
- Media
- Haier
- GE
- Electrolux
- Merrychef
- Miele
- ACP Solutions
- Alto-Shaam
- Merrychef
Highlights of The Electric Ovens and Cooktops 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:
- Multi-Function Electric Ovens and Cooktops
- Normal Electric Ovens and Cooktops
- By Application:
- Residential
- 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 Electric Ovens and Cooktops 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
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- Product & Brand Management
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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?
An electric oven is a kitchen appliance that uses electricity to heat up food. Electric cooktops are similar, but they have special features for cooking food.
Some of the key players operating in the electric ovens and cooktops market are GE, Whirlpool Corporation, Frigidaire, Kenmore, KitchenAid, Bosch, Siemens, SAMSUNG, Media, Haier, GE, Electrolux, Merrychef, Miele, ACP Solutions, Alto-Shaam, Merrychef.
The electric ovens and cooktops market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Ovens and Cooktops Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Ovens and Cooktops Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Ovens and Cooktops Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Ovens and Cooktops Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Ovens and Cooktops Market Size & Forecast, 2018-2028
4.5.1 Electric Ovens and Cooktops Market Size and Y-o-Y Growth
4.5.2 Electric Ovens and Cooktops Market Absolute $ Opportunity
Chapter 5 Global Electric Ovens and Cooktops Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric Ovens and Cooktops Market Size Forecast by Type
5.2.1 Multi-Function Electric Ovens and Cooktops
5.2.2 Normal Electric Ovens and Cooktops
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Ovens and Cooktops Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric Ovens and Cooktops Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Ovens and Cooktops Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Ovens and Cooktops Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric Ovens and Cooktops Analysis and Forecast
9.1 Introduction
9.2 North America Electric Ovens and Cooktops Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric Ovens and Cooktops Market Size Forecast by Type
9.6.1 Multi-Function Electric Ovens and Cooktops
9.6.2 Normal Electric Ovens and Cooktops
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric Ovens and Cooktops Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric Ovens and Cooktops Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Ovens and Cooktops Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric Ovens and Cooktops Market Size Forecast by Type
10.6.1 Multi-Function Electric Ovens and Cooktops
10.6.2 Normal Electric Ovens and Cooktops
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric Ovens and Cooktops Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric Ovens and Cooktops Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Ovens and Cooktops Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric Ovens and Cooktops Market Size Forecast by Type
11.6.1 Multi-Function Electric Ovens and Cooktops
11.6.2 Normal Electric Ovens and Cooktops
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric Ovens and Cooktops Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric Ovens and Cooktops Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Ovens and Cooktops Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric Ovens and Cooktops Market Size Forecast by Type
12.6.1 Multi-Function Electric Ovens and Cooktops
12.6.2 Normal Electric Ovens and Cooktops
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric Ovens and Cooktops Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric Ovens and Cooktops Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Ovens and Cooktops Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric Ovens and Cooktops Market Size Forecast by Type
13.6.1 Multi-Function Electric Ovens and Cooktops
13.6.2 Normal Electric Ovens and Cooktops
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric Ovens and Cooktops Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Ovens and Cooktops Market: Competitive Dashboard
14.2 Global Electric Ovens and Cooktops Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE
14.3.2 Whirlpool Corporation
14.3.3 Frigidaire
14.3.4 Kenmore
14.3.5 KitchenAid
14.3.6 Bosch
14.3.7 Siemens
14.3.8 SAMSUNG
14.3.9 Media
14.3.10 Haier
14.3.11 GE
14.3.12 Electrolux
14.3.13 Merrychef
14.3.14 Miele
14.3.15 ACP Solutions
14.3.16 Alto-Shaam
14.3.17 Merrychef
