Electric Ranges Market Size Analysis and Top Companies
The global electric ranges market size is estimated to hit around USD 46.86 billion by 2033, increasing from USD 23.12 billion in 2023 with a CAGR of 7.32% from 2023 to 2033. The top companies operating in the electric ranges are 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, and Others.
Market Report Coverage
| Report Coverage |
Details |
| Market Size by 2033 |
USD 46.86 Billion |
| Market Size in 2023 |
USD 23.12 Billion |
| Market Growth Rate from 2024 to 2033 |
CAGR of 7.32% |
| Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2024 to 2033 |
| Segments Covered |
Product, Application, Distribution Channel, and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa |
Electric Ranges Key Players
- 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 Developments
- 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.
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