U.S. Induction Cooktops Market Size & Outlook, 2023-2030
The induction cooktops market in the United States is expected to reach a projected revenue of US$ 25,810.1 million by 2030. A compound annual growth rate of 6.6% is expected of the United States induction cooktops market from 2024 to 2030.
Revenue, 2023 (US$M)
$16,466.0
Forecast, 2030 (US$M)
$25,810.1
CAGR, 2024 - 2030
6.6%
Report Coverage
U.S.
U.S. induction cooktops market, 2018-2030 (US$M)
Related Markets
U.S. induction cooktops market highlights
- The U.S. induction cooktops market generated a revenue of USD 16,466.0 million in 2023 and is expected to reach USD 25,810.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.6% 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.
Induction cooktops market data book summary
| Market revenue in 2023 | USD 16,466.0 million |
| Market revenue in 2030 | USD 25,810.1 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Electric cooktops |
| Fastest growing segment | Induction Cooktops |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gas Cooktops, Electric Cooktops, Induction Cooktops |
| Key market players worldwide | Whirlpool 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, U.S. accounted for 16.1% of the global induction cooktops market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. induction cooktops market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 6,537.6 million by 2030.
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Induction Cooktops Market Scope
Induction cooktops market segmentation & scope
Induction Cooktops Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 47.93% in 2023. Horizon Databook has segmented the U.S. induction cooktops market based on gas cooktops, electric cooktops, induction cooktops covering the revenue growth of each sub-segment from 2018 to 2030.
- U.S. Induction Cooktops Type Outlook (Revenue, USD Million, 2018-2030)
- Gas Cooktops
- Electric Cooktops
- Induction Cooktops
- U.S. Induction Cooktops Installation Type Outlook (Revenue, USD Million, 2018-2030)
- Built-in
- Freestanding
- U.S. Induction Cooktops Application Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Commercial
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. induction cooktops market , including forecasts for subscribers. This country databook contains high-level insights into U.S. induction cooktops market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. induction cooktops market size, by type, 2018-2030 (US$M)
U.S. Induction Cooktops Market Outlook Share, 2023 & 2030 (US$M)
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