Market Overview:
The global gas cooktop market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for energy-efficient appliances and rising disposable income of consumers in developing countries. The global gas cooktop market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into 24'', 30'', 34'' and others. The 30'' segment is expected to hold a major share in terms of revenue in 2018 owing to its high popularity among consumers across different regions. On the basis of application, residential and commercial are two segments considered in this study. Commercial applications are further sub-segmented into food service establishments (FSEs) and non-residential buildings (NRBs).
Product Definition:
A gas cooktop is a cooking appliance that uses natural gas or propane to generate heat. It consists of a burner unit and a control knob or panel.
24'':
24 inches is the measurement of vertical reach from the floor to the top of an average-sized adult's head. It is also known as Average Vertical Clearance or AVD. The clearance above which cookware and kitchen equipment should be installed in order to avoid any possible injuries during usage.
The growth factor for 24 inch gas cooktop market size spans three major segments, viz., material type, application and geography.
30'':
30 inches is the standard measurement for gas cooktops. It is a convenient and safe way to heat large quantities of water or other liquids in a short time. The 30 inch range product has become very popular among households as it offers features such as easy installation, low price, and energy efficiency that are essential for everyday use.
Application Insights:
The residential application segment accounted for the largest share of over 70.0% in 2017. The rising number of households as a result of rapid urbanization coupled with increasing disposable income is expected to drive the demand for gas cooktops in the residential sector over the forecast period.
Increasing spending on home remodeling activities, particularly among millennials, has been driving demand for modern kitchen appliances including gas cooktops in U.S., Canada and Mexico owing to high consumer preference for energy-efficient products that do not consume much electricity. In addition, growing concerns regarding carbon emissions have resulted in higher adoption of electric cooking equipment including electric ovens and cooktops across developed economies such as Germany and France which is further anticipated to propel market growth over the coming years.
The commercial application segment was valued at USD 2,176 million in 2017 owing to increasing use by hotels.
Regional Analysis:
Asia Pacific dominated the global gas cooktop market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing number of manufacturing facilities and rising consumer disposable income levels. Furthermore, government initiatives encouraging people to use energy-efficient products are likely to contribute toward industry growth in this region.
Europe accounted for a major share of revenue in 2017 as it is one of the prominent markets for premium cooking appliances, such as gas cooktops. This can be attributed to growing awareness regarding health and safety among consumers along with an increase in spending capacity among European households since 2010s due to economic recovery post recession period from 2000s.
North America also held a significant share owing their high adoption rate towards advanced cooking technologies including smart kitchen appliances that incorporate features such as touch controls, programmable functions, etc., especially amongst millennials who account for more than 40% population across U.S.
Growth Factors:
- Increasing demand for gas cooktops from the commercial sector as they are energy efficient and offer a variety of cooking options.
- Rising popularity of open-concept kitchens, which has led to an increase in the demand for gas cooktops.
- The increasing number of dual-income households has resulted in an increase in the demand for gas cooktops as they are more affordable than electric cooktops and offer a variety of cooking options.
- An increasing number of women who are working outside the home is leading to an increased demand for gas cooktops, as they are easy to use and clean compared to electric cooktops.
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas Cooktop Market Research Report
By Type
24'', 30'', 34'', Others
By Application
Residential, Commercial
By Companies
Haier, KitchenAid, Samsung, Electrolux, Empava, ZLINE, Thor Kitchen, Whirlpool, LG, Summit Appliance, Kucht, Maytag, Galanz, Robam, Fotile
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
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Gas Cooktop Market Report Segments:
The global Gas Cooktop market is segmented on the basis of:
Types
24'', 30'', 34'', Others
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:
- Haier
- KitchenAid
- Samsung
- Electrolux
- Empava
- ZLINE
- Thor Kitchen
- Whirlpool
- LG
- Summit Appliance
- Kucht
- Maytag
- Galanz
- Robam
- Fotile
Highlights of The Gas Cooktop 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:
- 24''
- 30''
- 34''
- Others
- 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 Gas Cooktop 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?
A gas cooktop is a kitchen appliance that uses natural gas to heat up cooking surfaces.
Some of the major companies in the gas cooktop market are Haier, KitchenAid, Samsung, Electrolux, Empava, ZLINE, Thor Kitchen, Whirlpool, LG, Summit Appliance, Kucht, Maytag, Galanz, Robam, Fotile.
The gas cooktop 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 Gas Cooktop 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 Gas Cooktop Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gas Cooktop 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 Gas Cooktop 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 Gas Cooktop Market Size & Forecast, 2020-2028
4.5.1 Gas Cooktop Market Size and Y-o-Y Growth
4.5.2 Gas Cooktop Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 24''
5.2.2 30''
5.2.3 34''
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gas Cooktop 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 Gas Cooktop 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 24''
9.6.2 30''
9.6.3 34''
9.6.4 Others
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 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 24''
10.6.2 30''
10.6.3 34''
10.6.4 Others
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 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 24''
11.6.2 30''
11.6.3 34''
11.6.4 Others
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 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 24''
12.6.2 30''
12.6.3 34''
12.6.4 Others
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 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 24''
13.6.2 30''
13.6.3 34''
13.6.4 Others
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) 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 Gas Cooktop Market: Competitive Dashboard
14.2 Global Gas Cooktop Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haier
14.3.2 KitchenAid
14.3.3 Samsung
14.3.4 Electrolux
14.3.5 Empava
14.3.6 ZLINE
14.3.7 Thor Kitchen
14.3.8 Whirlpool
14.3.9 LG
14.3.10 Summit Appliance
14.3.11 Kucht
14.3.12 Maytag
14.3.13 Galanz
14.3.14 Robam
14.3.15 Fotile
