The global electric ranges market size accounted for USD 24.81 billion in 2024, grew to USD 26.63 billion in 2025 and is projected to surpass around USD 50.29 billion by 2034, representing a healthy CAGR of 7.32% between 2024 and 2034.
The global electric ranges market is currently experiencing significant growth, driven by evolving consumer preferences for energy-efficient, user-friendly, and technologically advanced cooking appliances. Residential applications dominate the market, accounting for the majority of the demand due to rising interest in home cooking and the convenience that electric ranges provide.
Key Points
- North America dominated the electric ranges market with the largest market share of 38% in 2023.
- Asia Pacific is expected to grow at a fastest CAGR of 8.21% during the studied period.
- By product, the freestanding electric ranges segment accounted for the highest market share of 63% in 2023.
- By product, the slide-in electric ranges segment is expected to grow at the fastest CAGR of 8.21% over the forecast period.
- By application, the residential segment contributed the biggest market share of 81% in 2023.
- By application, the commercial segment is predicted to grow at a solid CAGR of 8.12% over the projected period.
- By distribution channel, the mass retailer-driven sales segment generated the biggest market share of 47% in 2023.
- By distribution channel, the online sales segment is anticipated to expand at the fastest CAGR of 9.03% during the forecast period.
Market Scope
| Report Coverage | Details |
| Market Size by 2034 | USD 50.29 Billion |
| Market Size in 2024 | USD 24.81 Billion |
| Market Size in 2025 | USD 26.63 Billion |
| Market Growth Rate from 2024 to 2034 | CAGR of 7.32% |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2034 |
| Segments Covered | Product, Application, Distribution Channel, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa |
Drivers:
The key drivers of this market include increasing consumer awareness about energy efficiency, safety features, and the convenience of modern cooking technologies like smart connectivity and induction cooking. Additionally, government incentives promoting the use of energy-efficient appliances are fueling the transition from gas to electric ranges, especially in developed regions like North America and Europe.
Opportunities:
The market presents ample opportunities, particularly in emerging markets such as Asia-Pacific, where rising urbanization, disposable incomes, and access to electricity are increasing the adoption of electric cooking solutions. There is also growing demand for smart electric ranges with features like Wi-Fi connectivity, voice control, and integration with smart home systems. These innovations cater to a tech-savvy consumer base seeking enhanced cooking experiences
Challenges:
Despite the growth, the market faces challenges like higher initial costs compared to gas ranges, which could deter some price-sensitive consumers. Moreover, the market’s reliance on electric power and potential fluctuations in energy prices are also concerns. Furthermore, manufacturers need to continuously innovate to keep up with shifting consumer preferences and intense competition from gas and alternative cooking technologies
Regional Insights:
North America holds a substantial share of the global electric ranges market, with the U.S. leading the demand. Factors like a preference for energy-efficient appliances, regulatory pressure to reduce carbon footprints, and the growing trend of smart home integrations contribute to this dominance. In Europe, stringent environmental regulations and a strong push for sustainable appliances are major drivers. Meanwhile, the Asia-Pacific region is anticipated to witness the fastest growth, fueled by rapid urbanization and rising consumer incomes.
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Electric Ranges Market Companies
- Whirlpool Corporation
- Samsung Electronics Co. Ltd.
- LG Electronics Inc.
- General Electric (GE Appliances)
- Bosch (BSH Hausgerte GmbH)
- Frigidaire
- Haier Group Corporation
- Miele & Cie. KG
- Brown Stove Works, INC.
- Rangaire
Recent News
- In March 2024, GE Appliances launched a new range lineup featuring 36 models, including the top-tier GE 30″ Slide-In Electric Convection Range with No Preheat Air Fry and the EasyWash Oven Tray, created for faster cooking and easier cleaning.
- In January 2023, Sharp Home Electronics showcased new 30″ slide-in electric ranges and smart combi appliances at the 2023 Kitchen & Bath Industry Show (KBIS) in Las Vegas.
- In October 2023, Usha International, a prominent player in the consumer durables segment in India, launched a selection of five innovative kitchen appliances as part of its latest premium iChef range.
Latest Announcements by Leaders
- In July 2024, Vice Chairman of Samsung Electronics Co., Ltd commented that India is one of the biggest and fastest-growing markets globally and offers a huge opportunity for Samsung. He further adds that we were among the first companies to invest in India, and I am happy that the Noida factory has emerged as one of our biggest facilities, manufacturing not only for India but for the world.
- In September 2024, the CEO of General Motors, Mary Barra, commented that At General Motors, our vision for the future is a world with zero crashes, zero emissions, and zero congestion. The key to unlocking that vision is electrification.
Segments Covered in the Report
By Product
- Freestanding electric ranges
- Slide-in electric ranges
- Drop-in electric ranges
By Application
- Residential
- Commercial
By Distribution Channel
- Mass retailers
- Electronic & appliance stores
- Online/e-commerce
- Others
By Geography
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
