The global revenue in the 'Cookers & Ovens' segment of the household appliances market was forecast to continuously increase between 2024 and 2029 by in total 34.1 billion U.S. dollars (+29.62 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 149.18 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Cookers & Ovens' segment of the household appliances market was continuously increasing over the past years.Find more information concerning Europe and the United States. The Statista Market Insights cover a broad range of additional markets.

The volume of the 'Cookers & Ovens' segment of the household appliances market in Brazil was forecast to continuously increase between 2024 and 2029 by in total 1.4 million pieces (+11.16 percent). After the fifth consecutive increasing year, the indicator is estimated to reach 13.96 million pieces and therefore a new peak in 2029. Find further information concerning revenue in Europe and revenue worldwide. The Statista Market Insights cover a broad range of additional markets.

The global market for electric ovens, cookers, and other cooking appliances is expected to see continued growth over the next decade, with a projected increase in market volume and value by 2035.

The revenue in the 'Cookers & Ovens' segment of the household appliances market in Italy was forecast to continuously increase between 2024 and 2029 by in total 1.5 billion euro (+32.05 percent). After the seventh consecutive increasing year, the indicator is estimated to reach 6.22 billion euro and therefore a new peak in 2029. Find further information concerning the revenue in the household appliances market in Russia and the revenue in the household appliances market in Brazil. The Statista Market Insights cover a broad range of additional markets.

In 2024, the Angolan electric oven and cooker market decreased by -31.3% to $2.5M for the first time since 2020, thus ending a three-year rising trend. Over the period under review, consumption faced a abrupt decrease. As a result, consumption attained the peak level of $30M. From 2016 to 2024, the growth of the market remained at a lower figure.

European Domestic Electric Cookers with at Least an Oven and a Hob Market Size Value by Country, 2023 Discover more data with ReportLinker!

In 2024, the Guatemalan electric oven and cooker market was finally on the rise to reach $9.3M for the first time since 2021, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a prominent expansion. As a result, consumption attained the peak level of $11M. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.

The revenue in the 'Cookers & Ovens' segment of the household appliances market in Europe was forecast to continuously increase between 2024 and 2029 by in total 1.5 billion euro (+25.34 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 7.46 billion euro and therefore a new peak in 2029. Notably, the revenue of the 'Cookers & Ovens' segment of the household appliances market was continuously increasing over the past years.Find more information concerning Worldwide and the United States. The Statista Market Insights cover a broad range of additional markets.

The US Large Kitchen Appliances Market Report is Segmented by Product (Refrigerators, Freezers, Dishwashing Machines, Cookers and Ovens, and Ranges), Application (Residential and Commercial), and Distribution Channel (Specialist Retailers, Online Retailers, Supermarkets, Hypermarkets, Manufacturer retailers, and Other Distribution Channels). The Report Offers Market Size and Forecasts in Terms of Value (USD) for all the Above Segments.

In 2024, the Swiss electric oven and cooker market decreased by -2.2% to $197M, falling for the second year in a row after eleven years of growth. Overall, the total consumption indicated measured growth from 2012 to 2024: its value increased at an average annual rate of +2.9% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -15.9% against 2022 indices.

Snapshot img

Residential Microwave Oven Market Size 2024-2028

The residential microwave oven market size is forecast to increase by USD 5.71 million at a CAGR of 8.8% between 2023 and 2028.

The market is experiencing significant growth, driven by several key factors. Firstly, the increasing disposable income of consumers allows them to invest in modern kitchen appliances, including microwaves. Secondly, companies are focusing on new product innovations, such as smart and energy-efficient models, to cater to evolving consumer preferences. However, the market also faces challenges from alternative cooking methods and appliances, such as air fryers and convection ovens, which offer unique features and functionality. Despite these challenges, the market is expected to continue its growth trajectory due to the convenience and versatility of microwave ovens in modern households.

What will be the Size of the Market During the Forecast Period?

Request Free Sample

The market is witnessing significant growth due to urbanization and the increasing demand for convenient cooking solutions. Smart microwaves with enhanced cooking features, energy efficiency, and eco-friendly appliances are becoming popular among time-pressed consumers with busy lifestyles and time constraints. Technological advancements in microwave ovens, such as Inverter technology, sensors, connectivity modulus, software, IoT technology, and digital control features, are driving the market growth. Alternative appliances like toaster ovens and air fryers are facing stiff competition from microwave ovens due to their convenience and versatility. The microwave oven industry is also witnessing the integration of smart kitchen appliance technology and energy-saving features, making them an essential appliance in modern kitchens.



Further, frozen foods are another significant factor fueling the market growth, as microwave ovens offer quick and easy cooking solutions for these convenience foods. Online retail channels are also contributing to the market growth, making microwave ovens easily accessible to consumers. Commercial ovens are a separate market segment, catering to the needs of the foodservice industry. Overall, the market is expected to continue its growth trajectory in the coming years.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Countertop microwave oven
  Built-in microwave oven


Product

  Microwave oven without smart connectivity
  Microwave oven with smart connectivity


Geography

  APAC

    China
    Japan


  North America

    US


  Europe

    Germany
    UK


  Middle East and Africa



  South America

By Type Insights

The countertop microwave oven segment is estimated to witness significant growth during the forecast period.

The microwave oven market is witnessing significant growth due to urbanization and the increasing number of time-pressed consumers with busy lifestyles. Countertop microwave ovens, as cooking solutions, have gained popularity for their space-saving design and ease of use. Smart microwaves with enhanced cooking features, energy efficiency, and eco-friendly appliances are preferred by eco-conscious consumers. Online retail channels have expanded the distribution network, making these appliances more accessible. Frozen foods and convenience are major factors driving the demand for microwave ovens. Technological advancements, such as magnetrons, smart technology, sensors, connectivity modulus, software, and inverter technology, have further enhanced the functionality of microwave ovens.

Further, alternative appliances like toaster ovens, air fryers, and multi-cookers, along with price sensitivity and energy consumption, are factors influencing consumer choices. Proper e-waste management is essential for the sustainable growth of the microwave oven industry. Grill microwave ovens, solo microwave ovens, and convection microwave ovens cater to various consumer needs. The market is served through distribution channels, including multibrand stores, exclusive stores, online platforms, supermarkets, and electronics stores. Single person households and dual income families are the primary target consumers for microwave ovens.

Get a glance at the market report of share of various segments Request Free Sample

The countertop microwave oven segment was valued at USD 5.07 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 43% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the marke

The Uzbek electric oven and cooker market reached $114M in 2024, growing by 1.9% against the previous year. Overall, consumption, however, recorded a deep reduction. As a result, consumption reached the peak level of $221M. From 2018 to 2024, the growth of the market remained at a lower figure.

The global volume of the 'Cookers & Ovens' segment of the household appliances market was forecast to continuously increase between 2024 and 2029 by in total 25.6 million pieces (+11.26 percent). After the seventh consecutive increasing year, the indicator is estimated to reach 253 million pieces and therefore a new peak in 2029. Find further information concerning revenue worldwide and revenue in the United States. The Statista Market Insights cover a broad range of additional markets.

In 2024, the Europe electric oven and cooker market was finally on the rise to reach $7.6B for the first time since 2021, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $8B. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.

In 2024, the Canadian electric oven and cooker market decreased by -2% to $721M, falling for the third consecutive year after ten years of growth. Overall, the total consumption indicated buoyant growth from 2012 to 2024: its value increased at an average annual rate of +5.4% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -11.0% against 2021 indices.

The average revenue per household in the 'Cookers & Ovens' segment of the household appliances market in the United States was forecast to continuously increase between 2024 and 2029 by in total 5.8 U.S. dollars (+23.62 percent). After the eighth consecutive increasing year, the average revenue per household is estimated to reach 30.36 U.S. dollars and therefore a new peak in 2029. Find more key insights for the average revenue per household in countries and regions like the revenue in the 'Microwave Ovens' segment of the household appliances market in Europe and the average revenue per household in the 'Cookers & Ovens' segment of the household appliances market in Europe. The Statista Market Insights cover a broad range of additional markets.

The Asia Pacific home appliance market is poised to grow at a CAGR of 3.00% during the forecast period 2025-2033. The market size is estimated to be XX million in 2025 and is projected to reach XX million by 2033. Increasing urbanization, rising disposable income, and changing consumer lifestyles are the key growth drivers of the home appliance market in the region. The growing popularity of smart home appliances and the increasing penetration of e-commerce are also contributing to the market growth. The market is segmented based on product, distribution channel, and region. The product segment includes refrigerators, freezers, dishwashing machines, washing machines, cookers and ovens, air-conditioners, and others. The distribution channel segment includes others, speciality stores, hypermarkets/ supermarkets, and online. The region segment includes China, Japan, South Korea, India, Australia, New Zealand, Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Philippines. The leading companies in the Asia Pacific home appliance market are Whirlpool Corporation, Panasonic, AB Electrolux, Prestige LKK, Videocon, Samsung Electronics, Philips, Hisense, Siemens, Midea Group, Robert Bosch GmbH, Gree Electric Appliance, Hitachi, Haier (GE), LG Electronics, Tiger Corporation, and LG Corporation. Key drivers for this market are: Growing Demand for Convenient Kitchen Appliances. Potential restraints include: Preference for Traditional Manual Methods of Food Preparation. Notable trends are: Rising Exports of Refrigerator and Freezer Home Appliances from Asia-Pacific Region.

The Report Covers China Home Appliances Market Trends & Industry Analysis and it is Segmented by Major Appliances (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Cookers and Ovens and Others), Small Appliances (Vacuum Cleaners, Coffee/Tea Makers, Grills and Roasters, and Food Processors and Others), and Distribution Channel (Multibrand Stores, Exclusive Stores, Online, and Other Distribution Channels). The market size and forecasts are provided in terms of value (USD Million) for all the above segments.

Global Electric Stoves Market to hit USD 22.93B by 2029 growing at 7.1% CAGR. Explore trends, drivers, and competition for strategic insights with The Business Research Company.

The slide-in dual fuel range cooker market, currently valued at $366 million in 2025, is projected to experience robust growth, driven by a rising preference for high-end kitchen appliances among homeowners and the increasing popularity of open-concept kitchen designs that favor built-in appliances. The 7.7% CAGR indicates a significant expansion over the forecast period (2025-2033). Consumer demand for versatile cooking options, combining the precision of gas burners with the even heat distribution of electric ovens, fuels this market growth. The segment is further segmented by size (24", 30", 36", and others) and application (household and commercial). Larger size ranges (30" and 36") are expected to dominate, reflecting a growing trend towards larger kitchens and more elaborate meal preparation. Premium brands such as GE, Bosch, and Whirlpool are major players, leveraging brand recognition and technological innovation to maintain their market share. However, competition from brands like Magic Chef, Frigidaire, Verona, Samsung, LG, and Haier is intensifying, particularly in price-sensitive segments. Geographic distribution reveals a strong presence in North America and Europe, with considerable growth potential in Asia-Pacific regions like China and India, fueled by rising disposable incomes and changing consumer lifestyles. Factors such as the increasing cost of raw materials and global supply chain disruptions could pose challenges to market growth. However, innovation in energy-efficient technologies and smart home integration features could mitigate these restraints. The market is likely to witness a shift towards more energy-efficient models and those offering smart functionalities like Wi-Fi connectivity and app control. Manufacturers are focusing on enhanced design aesthetics, improved safety features, and better overall user experience to cater to the discerning consumer base. Continued expansion into emerging markets, coupled with strategic partnerships and product diversification, will be crucial for sustained growth within this dynamic market segment.