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According to the latest research, the global Electric Ranges market size was valued at USD 5893.65 million in 2022 and is expected to expand at a CAGR of 2.04% during the forecast period, reaching USD 6652.84 million by 2028.
Electric Ranges are kitchen appliances with an integrated electrical heating device, use electric heating elements to heat food.
Affect the normal operation of the industry
The raging COVID-19 plunged the global economic environment into depression. The impact of COVID-19 on the electric ranges industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises.
In the short term, from the supply side, the company's operating pressure will increase due to postponement of workers' arrival and logistics and transportation issues. In the long run, as the epidemic gradually improves or ends, the impact on the electric ranges industry will gradually weaken. Production and sales will return to the original level and gradually increase.
Logistics
Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays. At present, the logistics industry in various countries is gradually recovering operations according to different national policies. It is expected that after the epidemic is further controlled, it will basically return to normal.
Strength
Product advantage is the core driver of the penetration rate increase
Electric ranges provide very stable heat in any environment. This means that it can produce constant low heat without giving off like a gas. Therefore, for keeping food warm for long periods of time or slow cooking, electric ranges perform better. In addition, electric ranges offer an alternative to using induction as a cooking method. Induction cooking offers many advantages, such as more evenly heated food, fewer problems with pan scorching, and less energy consumption. With the trend toward low energy consumption as well as green development, electric ranges are likely to be more popular.
Rising demand
Consumer demand for diversified kitchen cooking tools is on the rise. As millennials gradually become the main consumer of the market, their attitudes and habits are changing from those of the previous generation, and their demand for diversification, health and new categories ushers in vigorous development opportunities, leading the entire kitchen appliance industry.
Weakness
High initial costs
The high price of electric ranges may pose a barrier to their demand. Electric ranges offer more cooking modes and more even heat but can add cost. However, the demand for high-end equipment is expected to increase over time as people's disposable income increases and their standard of living improves. Moreover, the increasing number of single people or students who prefer take-out food to setting up their own kitchens may pose a barrier.
Threat of substitutes
There are still many homes and restaurants that prefer gas ovens because of their greater heat and lower cost. While electric ranges offer more cooking modes and more even heat, they can add to the cost.
Region Overview:
Geographically, North America held the largest market share-35.22% in 2022.
Company Overview:
Whirlpool, Samsung, Haier Group, BSH Group and Middleby Corporation are the five key players in the global Electric Ranges market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Electric Ranges market in the past 5 years.
Whirlpool
Whirlpool Corporation is a manufacturer and marketer of home appliances. The company markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit and other major brand names in nearly every country throughout the world.
Samsung
Samsung is Korea-based company principally engaged in the manufacture and distribution of electronic products. The Company operates its business through four segments. The Information Technology & Mobile Communications (IM) segment manufactures computers, handhold phones (HHPs), network systems, digital cameras and others. The Device Solutions (DS) segment provides semiconductor and display parts, including dynamic random access memories (DRAMs), flashes, thin film transistor-liquid crystal displays (TFT-LCDs) and others. The Consumer Electronics (CE) segment manufactures color televisions (CTVs), monitors, printers, air conditioners, refrigerators, laundry machines and others. The Harman segment manufactures head units, infotainment, telematics, speaker, among others. The Company distributes its products within domestic market and to overseas markets.
Segmentation Overview:
By type, Freestanding segment accounted for the largest share of market in 2022.
Freestanding
A freestanding electric range a fit most places in kitchen and does not require any cabinetry work. The sides are finished, so it can stand on its own or in between cabinets. It has an oven and burners.
Slide-In
A slide-in range is built specifically to be built into cabinetry so it does not have finished sides. This means it cannot be placed at the end of your cabinets and may or may not require a pedestal to sit upon.
Drop-In
A drop-in range is a range that fits into customized cabinetry. It is flanked by cabinets and sit above matching woodwork or cabinetry, And the control panel is often found on the front of the range.
Application Overview:
The market's largest segment by application is the segment Residential, with a market share of 86.32% in 2022.
Residential
Residential electric ranges are used in home kitchens, and different types of ranges can be selected depending on the construction of the kitchen.
Commercial
Commercial electric ranges are powerful units that can bake, grill and cook the same as any other range, the three main types of commercial electric range configuration are elements, hot tops, and griddles.
This report elaborates on the market size, market characteristics, and market growth of the Electric Ranges industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Electric Ranges. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Electric Ranges Market Report Include:
Market Size Estimates: Electric Ranges market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Electric Ranges market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Electric Ranges market
Segment Market Analysis: Electric Ranges market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Electric Ranges market situations and prospects in major and top regions and countries
Electric Ranges Market
Electric Ranges Industry Chain: Electric Ranges market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Electric Ranges Industry News, Policies by regions
Electric Ranges Industry Porters Five Forces Analysis
Key players in the global Electric Ranges market are covered in Chapter 2:
Peerless Premier Appliance
Sub-Zero Group
LG
Samsung
Electrolux
Felix Storch
BSH Group
Danby
Whirlpool
Haier Group
Middleby Corporation
In Chapter 6 and Chapter 9, on the basis of types, the Electric Ranges market from 2018 to 2028 is primarily split into:
Freestanding
Slide-In
Drop-In
In Chapter 7 and Chapter 10, on the basis of applications, the Electric Ranges market from 2018 to 2028 covers:
Residential
Commercial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Electric Ranges market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Electric Ranges industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Electric Ranges market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Electric Ranges industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Electric Ranges market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Electric Ranges market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Electric Ranges market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Electric Ranges are kitchen appliances with an integrated electrical heating device, use electric heating elements to heat food.
Affect the normal operation of the industry
The raging COVID-19 plunged the global economic environment into depression. The impact of COVID-19 on the electric ranges industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises.
In the short term, from the supply side, the company's operating pressure will increase due to postponement of workers' arrival and logistics and transportation issues. In the long run, as the epidemic gradually improves or ends, the impact on the electric ranges industry will gradually weaken. Production and sales will return to the original level and gradually increase.
Logistics
Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays. At present, the logistics industry in various countries is gradually recovering operations according to different national policies. It is expected that after the epidemic is further controlled, it will basically return to normal.
Strength
Product advantage is the core driver of the penetration rate increase
Electric ranges provide very stable heat in any environment. This means that it can produce constant low heat without giving off like a gas. Therefore, for keeping food warm for long periods of time or slow cooking, electric ranges perform better. In addition, electric ranges offer an alternative to using induction as a cooking method. Induction cooking offers many advantages, such as more evenly heated food, fewer problems with pan scorching, and less energy consumption. With the trend toward low energy consumption as well as green development, electric ranges are likely to be more popular.
Rising demand
Consumer demand for diversified kitchen cooking tools is on the rise. As millennials gradually become the main consumer of the market, their attitudes and habits are changing from those of the previous generation, and their demand for diversification, health and new categories ushers in vigorous development opportunities, leading the entire kitchen appliance industry.
Weakness
High initial costs
The high price of electric ranges may pose a barrier to their demand. Electric ranges offer more cooking modes and more even heat but can add cost. However, the demand for high-end equipment is expected to increase over time as people's disposable income increases and their standard of living improves. Moreover, the increasing number of single people or students who prefer take-out food to setting up their own kitchens may pose a barrier.
Threat of substitutes
There are still many homes and restaurants that prefer gas ovens because of their greater heat and lower cost. While electric ranges offer more cooking modes and more even heat, they can add to the cost.
Region Overview:
Geographically, North America held the largest market share-35.22% in 2022.
Company Overview:
Whirlpool, Samsung, Haier Group, BSH Group and Middleby Corporation are the five key players in the global Electric Ranges market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Electric Ranges market in the past 5 years.
Whirlpool
Whirlpool Corporation is a manufacturer and marketer of home appliances. The company markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit and other major brand names in nearly every country throughout the world.
Samsung
Samsung is Korea-based company principally engaged in the manufacture and distribution of electronic products. The Company operates its business through four segments. The Information Technology & Mobile Communications (IM) segment manufactures computers, handhold phones (HHPs), network systems, digital cameras and others. The Device Solutions (DS) segment provides semiconductor and display parts, including dynamic random access memories (DRAMs), flashes, thin film transistor-liquid crystal displays (TFT-LCDs) and others. The Consumer Electronics (CE) segment manufactures color televisions (CTVs), monitors, printers, air conditioners, refrigerators, laundry machines and others. The Harman segment manufactures head units, infotainment, telematics, speaker, among others. The Company distributes its products within domestic market and to overseas markets.
Segmentation Overview:
By type, Freestanding segment accounted for the largest share of market in 2022.
Freestanding
A freestanding electric range a fit most places in kitchen and does not require any cabinetry work. The sides are finished, so it can stand on its own or in between cabinets. It has an oven and burners.
Slide-In
A slide-in range is built specifically to be built into cabinetry so it does not have finished sides. This means it cannot be placed at the end of your cabinets and may or may not require a pedestal to sit upon.
Drop-In
A drop-in range is a range that fits into customized cabinetry. It is flanked by cabinets and sit above matching woodwork or cabinetry, And the control panel is often found on the front of the range.
Application Overview:
The market's largest segment by application is the segment Residential, with a market share of 86.32% in 2022.
Residential
Residential electric ranges are used in home kitchens, and different types of ranges can be selected depending on the construction of the kitchen.
Commercial
Commercial electric ranges are powerful units that can bake, grill and cook the same as any other range, the three main types of commercial electric range configuration are elements, hot tops, and griddles.
This report elaborates on the market size, market characteristics, and market growth of the Electric Ranges industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Electric Ranges. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Electric Ranges Market Report Include:
Market Size Estimates: Electric Ranges market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Electric Ranges market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Electric Ranges market
Segment Market Analysis: Electric Ranges market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Electric Ranges market situations and prospects in major and top regions and countries
Electric Ranges Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Electric Ranges Industry Chain: Electric Ranges market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Electric Ranges Industry News, Policies by regions
Electric Ranges Industry Porters Five Forces Analysis
Key players in the global Electric Ranges market are covered in Chapter 2:
Peerless Premier Appliance
Sub-Zero Group
LG
Samsung
Electrolux
Felix Storch
BSH Group
Danby
Whirlpool
Haier Group
Middleby Corporation
In Chapter 6 and Chapter 9, on the basis of types, the Electric Ranges market from 2018 to 2028 is primarily split into:
Freestanding
Slide-In
Drop-In
In Chapter 7 and Chapter 10, on the basis of applications, the Electric Ranges market from 2018 to 2028 covers:
Residential
Commercial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Electric Ranges market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Electric Ranges industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Electric Ranges market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Electric Ranges industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Electric Ranges market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Electric Ranges market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Electric Ranges market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
