Cooking appliances - Statistics & Facts

Significant markets for cooking appliances

The United States is a substantial market for cooking appliances with annual revenues from cookers and ovens above five billion U.S. dollars. This market alone constitutes a share of around five percent of the global cookers and ovens market, according to data from Statista’s Consumer Market Outlook. China, India, and Brazil are other significant markets for cooking appliances with market shares of 23, 11, and 5 percent, respectively.

Solid outlook for cooking appliances

The Covid-19 pandemic has created an uptick in demand in the household appliances market. With people spending more time at home due to contact restrictions, lockdowns, and work from home, consumers invested more money into their homes with fewer opportunities to spend money elsewhere. In the global cookers & ovens market, this trend increased revenue by 10 percent globally in 2020 compared to 2019. This trend continued in 2021, with revenues in the segment forecast to grow by an additional six percent during the year. By 2022 the market for household appliances is projected to fall back to 2020 levels, as many consumers will have satisfied their need for replacing older appliances or investing in new ones.

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