North America Induction Cooktops Market Size & Outlook

The induction cooktops market in North America is expected to reach a projected revenue of US$ 35,434.0 million by 2030. A compound annual growth rate of 7.2% is expected of North America induction cooktops market from 2024 to 2030.

Revenue, 2023 (US$M)
$21,832.9
Forecast, 2030 (US$M)
$35,434.0
CAGR, 2024 - 2030
7.2%
Report Coverage
North America

North America induction cooktops market highlights

  • The North America induction cooktops market generated a revenue of USD 21,832.9 million in 2023.
  • The market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
  • In terms of segment, electric cooktops was the largest revenue generating type in 2023.
  • Induction Cooktops is the most lucrative type segment registering the fastest growth during the forecast period.
  • Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.

North America data book summary

Market revenue in 2023USD 21,832.9 million
Market revenue in 2030USD 35,434.0 million
Growth rate7.2% (CAGR from 2023 to 2030)
Largest segmentElectric cooktops
Fastest growing segmentInduction Cooktops
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationGas Cooktops, Electric Cooktops, Induction Cooktops
Key market players worldwideWhirlpool Corp, LG Electronics Inc ADR, Electrolux AB ADR, Koninklijke Philips NV, Bosch, Avis Budget Group Inc, Panasonic Holdings Corp, TTK Group, Smeg, Sub-Zero, Wolf, and Cove, Miele

Other key industry trends

  • In terms of revenue, North America region accounted for 21.3% of the global induction cooktops market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 56,152.7 million by 2030.

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Induction Cooktops Market Scope

Induction Cooktops Market Companies

Name Profile # Employees HQ Website

North America induction cooktops 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 induction cooktops market will help companies and investors design strategic landscapes.


Electric cooktops was the largest segment with a revenue share of 45.7% in 2023. Horizon Databook has segmented the North America induction cooktops market based on gas cooktops, electric cooktops, induction cooktops covering the revenue growth of each sub-segment from 2018 to 2030.


  • North America Induction Cooktops Type Outlook (Revenue, USD Million, 2018-2030)
    • Gas Cooktops
    • Electric Cooktops
    • Induction Cooktops
  • North America Induction Cooktops Installation Type Outlook (Revenue, USD Million, 2018-2030)
    • Built-in
    • Freestanding
  • North America Induction Cooktops Application Outlook (Revenue, USD Million, 2018-2030)
    • Residential
    • Commercial

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Horizon Databook provides a detailed overview of continent-level data and insights on the North America induction cooktops market , including forecasts for subscribers. This continent databook contains high-level insights into North America induction cooktops market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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North America induction cooktops market size, by country, 2018-2030 (US$M)

North America Induction Cooktops Market Outlook Share, 2023 & 2030 (US$M)

North America induction cooktops market size, by country, 2018-2030 (US$M)

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