Cooktops

Global Cooktops Market to Reach US$156.4 Billion by 2030

The global market for Cooktops estimated at US$107.3 Billion in the year 2024, is expected to reach US$156.4 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2024-2030. Gas Cooktops, one of the segments analyzed in the report, is expected to record a 7.7% CAGR and reach US$74.4 Billion by the end of the analysis period. Growth in the Electric Cooktops segment is estimated at 6.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$29.2 Billion While China is Forecast to Grow at 10.4% CAGR

The Cooktops market in the U.S. is estimated at US$29.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$32.6 Billion by the year 2030 trailing a CAGR of 10.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.1% and 6.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Global Cooktops Market - Key Trends & Drivers Summarized

How Are Technological Innovations Shaping the Cooktops Market?

The cooktops market is undergoing a major transformation due to technological advancements aimed at enhancing cooking efficiency, safety, and user convenience. Induction technology has emerged as a game-changer, offering faster heating times, precise temperature control, and improved energy efficiency compared to traditional gas and electric cooktops. Smart cooktops equipped with IoT connectivity, touch controls, and AI-powered cooking assistance are gaining traction among tech-savvy consumers. These appliances enable remote operation via smartphones, voice control compatibility with virtual assistants, and automatic adjustment of cooking settings for optimal results. Moreover, the integration of advanced safety features, such as auto shut-off, child locks, and pan detection sensors, is addressing consumer concerns regarding kitchen hazards. Another notable innovation is modular and multi-burner cooktops that provide flexibility by allowing users to customize burner arrangements based on their cooking needs. Sustainability remains a key focus, with manufacturers incorporating energy-efficient heating elements and eco-friendly materials to reduce carbon footprints. As smart homes become more prevalent, the cooktops industry continues to align with the growing demand for connected kitchen solutions.

What Consumer Preferences Are Driving Market Demand?

Shifting consumer preferences are playing a crucial role in shaping the cooktops market, with an increasing demand for high-performance, aesthetically appealing, and space-saving designs. Modern consumers prioritize sleek, minimalist cooktops that seamlessly integrate into contemporary kitchen spaces, leading to the rise of built-in and flush-mount cooktops. The growing popularity of modular kitchens and open-concept layouts has further accelerated demand for visually appealing appliances with seamless designs. Additionally, consumers are gravitating towards multi-functional cooktops that support various cooking techniques, such as grilling, simmering, and wok cooking. The health-conscious trend has driven interest in induction cooktops due to their precision cooking capabilities, which help preserve nutrients and reduce the need for excessive oil. Furthermore, as sustainability gains prominence, buyers are opting for energy-efficient models that minimize power consumption while delivering optimal cooking performance. The increasing influence of online reviews, influencer marketing, and e-commerce platforms has also made it easier for consumers to explore and purchase high-tech cooktops tailored to their needs.

Which Sectors Are Propelling Cooktop Market Growth?

The demand for cooktops extends beyond residential applications, with strong growth witnessed in commercial and institutional sectors. The hospitality industry, including hotels, restaurants, and catering businesses, continues to drive substantial demand for high-capacity, durable, and high-performance cooktops that can withstand rigorous use. The rise of cloud kitchens and food delivery services has further boosted the need for advanced cooktops that ensure fast and consistent meal preparation. In the industrial sector, large-scale food processing units require specialized cooktops with precise temperature control for mass production. Additionally, educational institutions, corporate cafeterias, and healthcare facilities rely on energy-efficient cooktops that comply with safety and hygiene standards. The growing interest in outdoor and recreational cooking has also contributed to the demand for portable and high-powered cooktops, particularly for camping, barbecues, and food trucks. As urbanization and real estate developments surge, the installation of modern kitchen appliances, including premium cooktops, in newly constructed residential and commercial buildings is expected to further drive market expansion.

What Factors Are Fueling the Growth of the Cooktops Market?

The growth in the cooktops market is driven by several factors, including advancements in cooking technology, changing consumer preferences, and increasing applications across various industries. The widespread adoption of induction and smart cooktops, fueled by their energy efficiency, precision control, and connectivity features, has been a key growth driver. The shift towards compact, built-in, and aesthetically appealing kitchen appliances has led to increased sales of space-saving cooktops in urban households. The rising disposable income of consumers, along with their growing inclination toward premium kitchen appliances, has further boosted market demand. Additionally, stringent energy regulations and sustainability concerns have prompted manufacturers to develop eco-friendly cooktops that consume less power and reduce emissions. The expansion of the foodservice industry, particularly in quick-service restaurants and cloud kitchens, has fueled demand for high-performance commercial cooktops. Moreover, the growing penetration of e-commerce platforms, offering a vast range of cooktops with competitive pricing, financing options, and doorstep delivery, has significantly contributed to market growth. As smart home adoption rises globally, the integration of AI, IoT, and automation in cooktops will continue to drive innovation and market expansion.

SCOPE OF STUDY:

The report analyzes the Cooktops market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Gas Cooktops, Electric Cooktops, Induction Cooktops); Installation Type (Built-in Installation, Freestanding Installation); Application (Residential Application, Commercial Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 41 Featured) -

• Bertazzoni
• Bora Lüftungstechnik
• Bosch
• Dacor
• Fisher & Paykel
• Frigidaire
• Fulgor Milano
• Gaggenau
• GE Appliances
• JennAir
• KitchenAid
• LG Electronics
• Maytag
• Miele
• Monogram
• Samsung
• Smeg
• Thermador
• Viking Range
• Whirlpool

TARIFF IMPACT FACTOR

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APRIL 2025: NEGOTIATION PHASE

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