Cookers & Ovens - G20
G20- In 2024, the revenue generated in the Cookers & Ovens market amounts to a substantial US$45.14bn.
- This market is projected to grow annually at a rate of 4.65% (CAGR 2024-2029).
- When compared globally, China leads the way with the highest revenue generated in the Cookers & Ovens market, reaching US$31bn in 2024.
- In terms of per household revenue, the Cookers & Ovens market generates US$46.74 in 2024, taking into account the total number of households.
- Looking ahead to 2029, the volume in the Cookers & Ovens market is expected to reach 102.2m pieces units.
- Furthermore, there is an anticipated volume growth of 2.0% in 2025.0.
- On average, each household is expected to have a volume of 0.10pieces in the Cookers & Ovens market in 2024.
- It is worth noting that these figures and projections are specific to the G20 country.
- In China, the demand for high-tech smart cookers and ovens has surged, driven by the increasing adoption of smart home technology.
Definition: The category of cookers and ovens encompasses various electric appliances designed for domestic use, including electric cookers, portable electric cooktops featuring one or more hotplates, electric built-in ovens, ovens, and cooktops. Commercial appliances, heating stoves, grills, and roasters are excluded from this category.
Additional Information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household, and sales channels.
Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.
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In-Scope
- Electric cookers
- Portable electric cooktops
- Electric built-in ovens
- Cooktops
- Ovens
Out-Of-Scope
- Commercial appliances
- Grills and roasters
- Heating stoves
