Cooktop Market - Global Industry Analysis and Forecast (2025-2032)

Cooktop Market Overview

 

Cooktop is a flat, long device commonly used for cooking that is commonly found in kitchens and used to apply heat to the base of pans or pots. Cooktops are often found integrated with an oven into a kitchen stove but may also be standalone devices. Kitchen cooktops also come with different heat sources, including induction, gas, and electric cooktops. Electric cooktops cost more than gas cooktops but tend to last longer because they’re easier to maintain.

 

Cooktop market is expected to grow during the forecasting period of 2025-2032, driving by the features like low energy consumption and better safety. The increasing adoption of energy-efficient kitchen appliances is a key drivers for the cooktops market.  The rising cost of cooking fuel, combined with the global push towards sustainability, is encouraging both business and consumers to adopt cooktops. This shift is having positive impact on the global market, driving growth and innovation in the forecasting years.

 

Cooktop market was divided into the North America, Europe, Asia-Pacific, Middle East and Africa and South America. These regions indicate a dynamic and evolving market landscape with significant opportunities for growth, driven by strategic cross-regional growth and technological advancements. North America dominated the cooktop market in 2024 due to the growing urbanisation and changing lifestyle. 

 

Whirlpool Corporation, Electrolux AB, Haier, Samsung, Sub-Zero Group, Inc., Panasonic Holdings Corporation are the key players of the cooktop market. Cooktop market was segmented by product type, by application and by installation. The growth of the cooktop market in residential and commercial segment is driven by the industry. With lot of new house construction projects the demand for residential sector is rising.  

 

 

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Cooktop Market Dynamic

 

Drivers

 

Rising safety awareness and Energy efficiency driving market growth

 

The cooktops market is being significantly driven by a growing consumer awareness of the importance of energy efficiency and safety in kitchen equipment. Appliances with enhanced safety feature and low energy usage are becoming more and more popular among customers as energy costs rise and environmental concerns become more important. Induction cooktops, with their ability to directly heat cookware through electromagnetic fields, are highly energy-efficient compared to conventional gas and electric cooktops. They decrease energy waste by ensuring that heat is only produces where it is needed immediately in the cookware thereby speeding up cooking times and reducing electricity consumption. Moreover, safety advantages of cooktops are major selling point, particularly in urban areas where space is often limited, and the risks associated with open flames are a serious concern. Since, the heat is produced inside the cookware, induction cooktops remain cool to the touch even during use, as compared to gas stoves which rely on exposed flames that could cause a fire. This makes them much safer, especially in households with children or pets.

 

The lack of toxins caused by burning also contributes to better indoor air quality, which is an increasing priority for health-conscious consumers. However, as technology advances and production progresses, it is expected that the prices of cooktops will steadily decrease, making them more accessible to a wider consumer range. Furthermore, increased consumer education about the long-term savings on energy bills and the enhanced safety benefits could help reduce the initial cost concerns and drive wider adoption. Over time, these factors point to a promising future for the cooktops industry, with more growth anticipated as awareness and affordability rise.

 

The adoption of energy-efficient kitchen appliances

 

The adoption of energy-efficient kitchen appliances is playing an important role in the growth of the cooktops market. Strong shift towards more sustainable and cost-effective cooking solutions as both businesses and consumers become more aware of their environmental impact and the rising cost of convectional coal. Induction cooktops, known for their high energy efficiency, have emerged as a preferred choice in both commercial and residential kitchens. Unlike traditional gas or electric cooktops, induction technology directly heats the cookware using electromagnetic fields, resulting in significantly less energy loss and faster cooking times. This efficient use of energy reduces operating costs and aligns with the growing global focus on sustainability and reducing carbon footprints. In commercial areas, such as restaurants, hotels, and catering services, where cooking operations are rigorous and continuous, the benefits of energy-efficient appliances like induction cooktops are particularly remarkable. The ability to cook food quickly and with precise temperature control allows commercial kitchens to optimize their operations, leading to reduced energy consumption and lower utility bills.

 

Additionally, as energy prices continue to rise globally, the financial incentive to switch to induction cooking becomes even more compelling, encouraging widespread adoption across the food service industry. Moreover, governments and regulatory bodies in many regions are implementing policies and incentives to promote the use of energy-efficient appliances, further speeding up the adoption of induction cooktops. The rising awareness of the long-term savings and environmental benefits associated with energy-efficient appliances is also driving consumer demand in residential markets. As more consumers become educated about the cost savings on energy bills and the positive environmental impact, the adoption of cooktops is expected to increase. The increasing adoption of energy-efficient kitchen appliances is a key driver for the global cooktops market.

 

Opportunities

 

Urbanization and compact living spaces providing opportunity for space-saving, efficient cooktop

 

A significant opportunity present for the induction cooktops market due to the growing trend of urbanization and the corresponding shift toward compact living areas, such as apartments and condominiums. Living spaces in urban areas are becoming increasingly limited, as cities expand and population density increases, particularly in highly populated regions like Asia-Pacific and parts of Europe. In these environments, there is a rising demand for kitchen appliances that are not only compact but also highly efficient and versatile, where every square foot of living space is at a premium. Because of their shining, space-saving design and advanced functionality, cooktops are in a unique position to take advantage of this demand.

 

Cooktops offer several advantages like smooth, flat surfaces and slim profiles allow them to blend seamlessly into modern, minimalist kitchen designs, taking up less space make them good fit for small kitchens. Additionally, many cooktops are designed with portability in mind, making them ideal for small kitchens where flexibility in appliance positioning is necessary.

 

Moreover, in-built safety features of cooktop technology, such as the cooktop surface remaining cool to the touch and automatic shut-off mechanisms, are particularly appealing to urban residents who may live in smaller spaces with children or pets. These features reduce the risk of accidents in close distance, further enhancing the appeal of cooktops in urban markets. For manufacturers and suppliers, this trend represents a substantial market opportunity. By focusing on the specific needs of urban consumers such as compactness, efficiency, and safety companies can adjust their product offerings to better serve this growing segment. Marketing strategies that highlight the space-saving benefits and high performance of induction cooktops, along with their alignment with modern urban lifestyles, could drive significant growth in this market. As the trend towards smaller living spaces continues, the demand for induction cooktops is expected to increase.

 

Challenges

 

Cost sensitivity hindering the market growth

 

Cost sensitivity is a significant factor influencing the adoption of induction cooktops, particularly in markets where consumers are highly price-conscious. Induction cooktops, while offering superior energy efficiency, faster cooking times, and enhanced safety features, typically come with a higher upfront cost compared to traditional gas and electric cooktops. This price premium is largely due to the advanced technology involved in induction cooking, which uses electromagnetic fields to directly heat cookware, as well as the often premium design and materials used in these appliances. In price-sensitive markets, where household budgets are more constrained, this higher initial cost can be a substantial barrier to widespread adoption. Consumers in these regions may prioritize immediate affordability over long-term benefits like energy savings and quicker cooking times, leading them to opt for more cost-effective alternatives such as gas or electric coil cooktops.

 

Additionally, the cost of compatible cookware, which is necessary for induction cooktops, further adds to the overall expense, making it less attractive for budget-conscious consumers. Moreover, the perception of value is crucial. In many emerging markets, the cultural familiarity and perceived reliability of gas cooktops, combined with their lower price points, make them the preferred choice. While there is growing awareness of the benefits of cooking, the higher costs can discourage consumers, especially when cheaper options fulfill their basic cooking needs. Therefore, for manufacturers, reducing the price gap between induction and traditional cooktops through technological innovations, cost-effective manufacturing, or strategic pricing could be key to increasing market penetration in these regions. Additionally, offering financing options or subsidies could help mitigate the cost sensitivity issue, making induction cooktops more accessible to a wide audience.

 

 

Cooktop Market Segment Analysis

 

By product type

 

Based on product type, gas cooktop segment dominated the cooktop market in 2024, due to the growing demand for convenient and energy-efficient cooking appliances. Cookware on this type of cooktop is heated by an open flame, which can be instantaneously changed. The growing emphasis on the sustainability and energy conservation driving the demand for gas cooktops. Gas cooktops are perceived to be the more energy efficient compared to electric cooktops due their ability to provide direct and controlled heat.

 

The induction cooktops segment is expected to grow during the forecasting period of 2025-2032 and demand is driven by their energy efficiency and rapid cooking capabilities. An induction cooktop is a type of electric cooktop that uses electromagnetism to turn cookware into its own heat source. For quick cooking, induction technology immediately transfers energy into magnetic cookware. Increasing awareness and concern for energy conservation is a fundamental motivator of the induction cooktop market. Benefits of a cooktop is include the fast cooking with compatible cookware, instantly adjust heat and strength with responsive controls, and easy to clean surface are driving the market growth of the induction cooktop segment.

 

By Installation 

 

The built-in cooktop segment is accounted for a largest share of global cooktop market in 2024. The demand is expected to be driven by the increasing focus on kitchen aesthetics and design, with consumers seeking sleek and modern appliances that seamlessly integrate into their kitchen spaces. The benefits of style, functionality, and smart home technology that come with built-in cooktops are boosting the segment’s growth.

 

The freestanding cooktop segment is projected to grow during the forecasting period of 2025 to 2032. The demand for free-standing cooktops is driven by their flexibility in kitchen layout and ease of installation, making them an ideal choice for both renters and homeowners looking for convenient and versatile cooking solutions. These cooktops often come with integrated ovens, providing an all-in-one appliance that maximizes space efficiency, especially in smaller kitchens. Additionally, the variety of styles, features, and price points available in free-standing cooktops cater to a wide range of consumer preferences and budgets, enhancing their appeal across different market segments.

 

Cooktop Market Regional Insights

 

North America region dominated the global cooktop market in 2024, due to the high adoption rate of advanced technologies, particularly induction and smart cooktops. Consumers in this region have a strong preference for modern kitchen appliances that offer energy efficiency, safety, and the convenience of smart home integration. As disposable incomes rise, there is a growing tendency toward premium appliances that not only enhance cooking efficiency but also contribute to a more sustainable lifestyle. The focus on energy-efficient technologies is particularly strong, driven by both environmental concerns and the desire to reduce household energy costs. The trend towards smart kitchen solutions is also gaining speed, with consumers increasingly seeking appliances that can be integrated into broader smart home systems. These smart cooktops offer features like remote control via smartphone apps, voice command compatibility, and automated cooking settings, which align with the quick and technology-driven lifestyles of North American consumers. As awareness of these benefits continues to grow, the demand for energy-efficient and smart cooktops is expected to further surge, making North America a key market for innovation and growth in the global cooktop market.

 

Asia-Pacific region is witnessing rapid growth in the cooktop market, fueled by significant urbanization, rising disposable incomes, and a growing awareness of modern cooking technologies. As urban centres expand and populations become more concentrated in cities, there is a marked shift in consumer preferences towards kitchen appliances that offer convenience, efficiency, and modern features. The expanding middle class in countries like China, India, and Southeast Asian nations is driving demand for higher-quality and more technologically advanced cooktops.

 

Urban consumers are increasingly turning to electric and induction cooktops, while traditional gas cooktops remain the most popular choice, particularly in rural and less developed areas. This shift is largely due to the benefits these technologies offer in terms of energy efficiency, faster cooking times, and enhanced safety features. Additionally, the increased availability of electricity and improvements in infrastructure across the region are making electric and induction cooktops more viable options for a larger segment of the population. As more consumers become aware about the long-term cost savings and environmental benefits associated with these modern cooktops, the market is expected to continue its strong growth path. The Asia-Pacific region, with its dynamic economies and rapidly evolving consumer preferences, represents a significant opportunity for manufacturers and suppliers in the cooktop market, particularly those offering innovative and energy-efficient solutions

 

Cooktop Market Competitive Analysis

 

Whirlpool Corporation, Electrolux AB, Haier, Samsung, Sub-Zero Group, Inc., Panasonic Holdings Corporation are the key players operating in the cooktop market.

 

Whirlpool Corporation is leading kitchen and Laundry Company, committed in constant chasing of better life at home. With its portfolio of famous brands, which includes Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit, and InSinkErator, the firm is leading intentional innovation in an increasingly digital world to suit the changing requirements of consumers. The corporation reported 59,000 workers, $19 billion in yearly sales, and 55 manufacturing and technological research centers in 2023.

 

• Feb. 26, 2024 Whirlpool Corporation and BORA, the two companies are collaborating to bring the best induction downdraft technology exclusively to JennAir and KitchenAid brand induction downdraft cooktops in North America in 2025.

 

Electrolux Group is a leading global appliance company offer products include, freezers, ovens, cookers, hobs, hoods, microwave ovens, dishwashers, and small domestic appliances. Profitability and enable profitable growth depend on the consistently increasing operational efficiency through digitalization, automation and modularization. Electrolux Group is able to quickly deliver new, innovative, and sustainable goods that are appealing in an increasingly competitive market by utilizing its global size and concentrating on consumer-centric innovation. This allows the company to capitalize on dominating long-term industry trends.

 

Cooktop Market Scope
Market Size in 2024	USD 115.77 Billion
Market Size in 2032	USD 209.58 Billion
CAGR (2025-2032)	7.7 %
Historic Data	2019-2024
Base Year	2024
Forecast Period	2025-2032
Segments	By Product Type Gas Cooktops Electric Cooktops Induction Cooktops
	By Installation Built-in Freestanding
	By Application Residential Commercial

 

Key Regions

• North America (United States, Canada, Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Rest of Europe)
• Asia Pacific (China, S Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, Rest of Asia Pacific)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria, Rest of MEA)
• South America (Brazil, Mexico, Rest of South America)

 

Key players

 

1. BSH Hausgeräte GmbH
2. Miele & Cie. KG
3. Whirlpool Corporation
4. Electrolux AB
5. Haier
6. Samsung
7. Sub-Zero Group, Inc.
8. Panasonic Holdings Corporation
9. Versuni Holding B.V.
10. Smeg S.p.A
11. Midea
12. Fisher & Paykel
13. Galanz
14. Chinducs
15. True Induction
16. AB Electrolux
17. Philips
18. Sunpentown
19. Semikron
20. Panasonic
21. GE
22. POVOS
23. Vollrath
24. LG Electronics
25. Fusibo
26. Joyoung
27. Bosch
28. MENU SYSTEM
29. SUPOR