Global Cooktop Market Size & Outlook, 2024-2030
Global cooktop market, 2018-2030 (US$M)
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Global cooktop market highlights
- The global cooktop market generated a revenue of USD 102,285.6 million in 2023 and is expected to reach USD 172,512.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.8% by 2030.
- In terms of segment, gas cooktops accounted for a revenue of USD 45,514.4 million in 2023.
- Induction Cooktops is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 102,285.6 million |
| Market revenue in 2030 | USD 172,512.1 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Gas cooktops |
| Fastest growing segment | Induction Cooktops |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gas Cooktops, Electric Cooktops, Induction Cooktops |
Other key industry trends
- In terms of revenue, the North America accounted for 21.3% of the global cooktop market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 14,537.6 million by 2030.
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Cooktop Market Scope
Cooktop Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Versuni | View profile | 5001-10000 | Amsterdam, Noord-Holland, The Netherlands, Europe | https://www.versuni.com/ |
| Miele | View profile | 10001+ | Gütersloh, Nordrhein-Westfalen, Germany, Europe | http://www.miele.com |
| Sub-Zero, Wolf, and Cove | View profile | 1001-5000 | Madison, Wisconsin, United States, North America | https://www.subzero-wolf.com/sub-zero |
| Smeg | View profile | 251-500 | Guastalla, Emilia-Romagna, Italy, Europe | https://www.smeg.com/ |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| Whirlpool Corp | View profile | 59000 | 2000 North M-63, Benton Harbor, MI, United States, 49022-2692 | https://www.whirlpoolcorp.com |
| Haier Smart Home Co Ltd ADR | View profile | 112458 | Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, China, People's Republic of, 266101 | https://smart-home.haier.com/cn |
| Electrolux AB ADR | View profile | 41869 | Street Goransgatan 143, Stadshagen, Stockholm, Sweden, SE-105 45 | https://www.electroluxgroup.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
Global cooktop market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cooktop market will help companies and investors design strategic landscapes.
Gas cooktops was the largest segment with a revenue share of 44.5% in 2024. Horizon Databook has segmented the Global cooktop market based on gas cooktops, electric cooktops, induction cooktops covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Cooktop Type Outlook (Revenue, USD Million, 2018-2030)
- Gas Cooktops
- Electric Cooktops
- Induction Cooktops
- Global Cooktop Installation Outlook (Revenue, USD Million, 2018-2030)
- Built-in
- Freestanding
- Global Cooktop Application Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Commercial
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Target buyers of Global cooktop market databook
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Our clientele includes a mix of cooktop market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global cooktop market , including forecasts for subscribers. This global databook contains high-level insights into Global cooktop market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global cooktop market size, by regions, 2018-2030 (US$M)
Top 10 countries: Cooktop market size, 2024 (US$M)
Global cooktop market share, by type, 2024 & 2030 (%, US$M)
Cooktop market: Opportunity assessment by country
Global cooktop market, by region, 2024 (US$M)
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