The U.S. range cooker products market was valued at USD 8.1 billion in 2022 and is projected to expand at a CAGR of 5.3% from 2023 to 2030. Range cooker products are becoming increasingly popular in the U.S. due to their ability to cook multiple dishes simultaneously. Furthermore, the rising trend of home cooking is driving the demand for range cooker products. The growing demand for energy-efficient cooking products is further propelling the market growth. To this end, the U.S. Department of Energy has introduced regulations for the energy-efficiency of range cookers, which has led to the introduction of models with improved energy efficiency.

Furthermore, the rising trend of integrating range cooker products with smart home technology is driving the market growth. Smart range cooker products enable users to remotely control their ovens and check the status of the ovens via their smartphones. Additionally, the increasing focus of manufacturers on developing innovative range cooker products to meet changing customer needs is contributing to the market growth. For instance, in March 2021, AGA launched a new range of range cookers with a built-in induction hob and hotplate. The new range of products is designed to fit seamlessly into any kitchen, while also delivering maximum efficiency and performance.

The increasing number of mergers and acquisitions among market participants is expected to have a positive impact on the market. Furthermore, the increasing penetration of online shopping platforms for the sale of range cooker products is expected to fuel the demand for the market in the coming years. For instance, in October 2021, Amazon launched AmazonBasics range of range cooker products with a wide range of features, including an induction hob and energy-efficient technology.

The market is segmented based on product type, fuel type, installation type, and distribution channel. On the basis of product type, the market is divided into cooktops and ovens. The ovens segment is further classified into single ovens, double ovens, and others. The cooktops segment is further categorized into gas cooktops, electric cooktops, and induction cooktops. On the basis of fuel type, the market is categorized into gas and electric. On the basis of installation type, the market is divided into built-in and free-standing. The market is also segmented on the basis of distribution channel into online and offline. The offline segment is further categorized into supermarkets/hypermarkets, specialty stores, and others.

The dual-fuel range cooker segment led the market and accounted for a share of around 60.6% in 2022. Dual-fuel range cookers are one of the most popular types of range cookers as they are equipped with both gas and electric heating elements. These cookers allow users to get the temperature control benefits of gas burners and the even heat of electric ovens. According to an article published by National Home Improvement, in May 2020, more than 35% of range cookers sold in the U.S. are dual-fuel range cookers. Furthermore, increasing consumer preference for advanced cooking appliances and rising disposable income are some of the factors propelling the growth of the dual-fuel range cooker segment.

The electric range cooker segment is anticipated to expand at the fastest CAGR of 5.2% over the forecast period. Electric range cookers provide a wide range of features such as temperature control, timer setting, and easy-to-clean surfaces. Additionally, rising awareness among consumers regarding energy efficiency and convenience is one of the key factors driving the growth of the electric range cooker segment. According to an article published by Consumer Reports, in June 2020, electric range cookers are a great option for those looking for an energy-efficient appliance.

The distribution of range cookers in the U.S. is mainly through appliance stores and supermarkets/hypermarkets. The appliance stores segment is projected to account for the largest share of over 32.4% in 2022, as these stores provide a wide variety of range cookers, from different brands and price ranges, with a wide range of features and sizes. In addition, the presence of trained professionals in these stores assists customers in selecting the suitable range cooker for their specific needs and makes them more likely to purchase from the stores.

The supermarkets & hypermarkets segment is anticipated to expand at the highest CAGR of 11.3% over the forecast period. The segment is mainly driven by the increasing number of supermarkets & hypermarkets in the U.S. According to the U.S. Department of Agriculture in 2019, the number of supermarkets and hypermarkets in the U.S. was around 38,000. Supermarkets and hypermarkets are convenient shopping destinations for customers as they offer a wide range of products and services under one roof. In addition, these stores offer discounts and deals on range cookers, which further increases their demand.

The freestanding segment held the largest revenue share of 43.6% in 2021. This is attributed to the fact that freestanding cookers are priced less than built-in and are easy to install. Furthermore, these cookers offer variety in terms of features such as multiple ovens, adjustable burners, and broiling options. The increasing trend of cooking shows, cooking competitions, and availability of innovative features such as downdraft ventilation technology and steam-cleaning options are some of the key factors propelling the freestanding segment.

The built-in segment is anticipated to expand at the highest CAGR of 7.3% over the forecast period. This is due to increasing trend of remodeling and renovation activities, which is driving the demand for built-in cookers. Furthermore, the availability of a wide range of built-in products, such as cookers with built-in griddles, downdraft ventilation systems, and induction cooktops, is further contributing to the growth of the built-in segment. The increasing popularity of modular kitchens and the need for making them look aesthetically pleasing are further driving the market.

The U.S. range cooker products market is estimated to witness the highest growth in North America owing to the presence of a large number of leading manufacturers such as Viking, BlueStar, and GE Appliances in this region. Increasing demand for range cookers with advanced features such as induction and dual-fuel technology is expected to further drive the market in North America. For instance, in April 2021, Viking introduced the Viking Professional 5 Series range cookers with advanced features including a illuminated control panel and an enhanced convection cooking system.

Europe is expected to hold the second-largest share in the range cooker products market in 2022. The presence of leading manufacturers such as Smeg and Lacanche, growing demand for multifunctional cooking appliances, and increasing demand for energy-efficient range cookers are expected to drive the market in Europe. For instance, in October 2021, Smeg launched the Victoria range cookers with improved energy efficiency, a wide range of cooking functions, and an intuitive control panel in the UK.

In this part of the U.S. Range Cooker Products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your U.S. Range Cooker Products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main sources of revenues for a U.S. Range Cooker Products business come from direct sales, online sales, retail stores, and distributors. Here you will find a list with a description of each of them and other possible sources of profit such as renting out the range cookers for special events, offering cooking classes, and catering services.

Projecting Expenses
In this section, all the regular expenses related to keeping the U.S. Range Cooker Products business running will be described. The list of operating expenses includes U.S. Range product fees, wages, maintenance and repairs, utilities, insurance policies, advertising, and others.

Some of the key companies operating in the U.S. range cooker market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Whirlpool Corporation launched the range cooker series with a self-cleaning feature.

– In August 2022, Electrolux launched the new range cooker with a steam-cleaning feature.

– In October 2022, Viking Range, LLC launched the range cooker series with true convection feature.

Some of the prominent players in the U.S. range cooker market include:

– Whirlpool Corporation
– Electrolux
– Viking Range, LLC
– LG Electronics
– Samsung Electronics
– GE Appliances
– Frigidaire
– Jenn-Air
– Maytag Corporation
– Bosch Home Appliances

This report forecasts growth at global, regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global U.S. range cooker products market based on product, distribution channel, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Freestanding Range Cookers
– Slide-in Range Cookers
– Built-in Range Cookers
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Online
– Offline

3. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Potential of Product Innovation?
[A]: Product innovation is playing a major role in the growth of the U.S. range cooker market. The introduction of smart range cookers with advanced features such as voice control and Wi-Fi connectivity are expected to drive the market in the near future. Additionally, manufacturers are introducing energy efficient range cookers which are expected to have a positive impact on the market.

[Q]: Who are the Key Players in the U.S. Range Cooker Market?
[A]: The key players in the U.S. range cooker market include GE Appliances, Smeg USA, Whirlpool Corporation, Electrolux, Viking Range Corporation, and La Cornue.

[Q]: What are the Factors Fueling the U.S. Range Cooker Market?
[A]: The factors driving the U.S. range cooker market include an increase in the number of households, the emergence of new trends in kitchen appliances, the increasing popularity of smart range cookers, and the growing trend of home automation.

[Q]: What are the Major Challenges in the U.S. Range Cooker Market?
[A]: The major challenges in the U.S. range cooker market include the high cost of range cookers, lack of product innovation, increasing competition from local and international brands, and the emergence of new energy-efficient range cookers.