Press release
Major Industry Participants Reinforcing Their Presence in the Large Cooking Appliance Market
Large Cooking Appliance Market
Projected Market Size Expansion in the Large Cooking Appliance Industry
The large cooking appliance market is forecasted to experience robust growth, reaching a valuation of $49.97 billion by 2030. This represents a compound annual growth rate (CAGR) of 6.7% over the coming years. Factors fueling this expansion include a rising demand for smart connected kitchen products, increased investments in high-efficiency commercial appliances, the spread of multifunctional cooking technologies, growing interest in automated meal preparation devices, and the push toward sustainable, low-energy cooking solutions. Key trends expected to shape this market involve the integration of smart connected cooking appliances, adoption of AI-driven precision cooking systems, development of digitally enhanced kitchen automation, growth of cloud-linked cooking control platforms, and innovation in energy-efficient large appliance designs.
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Major Companies Leading the Large Cooking Appliance Market
The competitive landscape of the large cooking appliance market features several notable players. These include Samsung Electronics Co. Ltd., Whirlpool Corporation, Haier Group Corporation, Robert Bosch GmbH, AB Electrolux, GE Appliances, LG Electronics Inc., BSH Hausgeräte GmbH, Fisher & Paykel Appliances Co. Ltd., SMEG S.p.A, Miele & Cie. KG, KitchenAid, Thermador Groupe SA, Dacor LLC, Wolf Appliance, La Cornue, Bertazzoni SPA, ILVE SPA, Sub-Zero Inc., BlueStar Ltd., Capital Cooking Equipment, Tecnogas Superiore, American Range, and AGA Rangemaster Ltd.
A recent significant move in the market occurred in April 2025, when China-based smart home and kitchen appliance provider Midea Group acquired Germany-based Teka Group. Although the acquisition amount was undisclosed, this strategic deal aims to enhance Midea Group's global presence in premium large cooking appliances. By combining Teka Group's European kitchen appliance expertise with Midea's extensive global R&D and manufacturing capabilities, the companies anticipate accelerated innovation and growth. Teka Group specializes in cooktops, ovens, range hoods, and integrated kitchen appliances.
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Strategic Partnerships Driving Growth in the Large Cooking Appliance Industry
Collaboration among industry leaders is becoming more common as companies seek to strengthen their market positions. Business strategic partnerships typically involve formal agreements between two or more companies to leverage each other's strengths. For example, in June 2024, India's Havells India Ltd joined forces with the UAE-based distributor Jumbo Group to expand Havells' presence in the Middle Eastern kitchen appliances market. The partnership began with the launch of Havells' advanced mixer grinders on Jumbo's e-commerce platform, jumbo.ae, followed by expansion into retail outlets. This venture enhances distribution capabilities and broadens the product offerings of both companies in a competitive marketplace.
Segment-Wise Market Share and Forecast in the Global Large Cooking Appliance Sector
The large cooking appliance market analyzed in this report is divided into key segments:
1) By Product Type: Cooktops, Ovens, and Specialized Appliances
2) By Sales Channel: Brick and Mortar Stores, E-Commerce
3) By Application: Household Use, Commercial Use
Further product subsegments include:
- Cooktops: Gas Cooktops, Electric Cooktops, Induction Cooktops
- Ovens: Wall Ovens, Range Ovens, Convection Ovens, Microwave Ovens
- Specialized Appliances: Slow Cookers, Steam Ovens, Sous Vide Cookers, Griddles and Grills
This detailed segmentation offers a clear understanding of market dynamics and consumer preferences across various categories and distribution channels.
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