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Report
United States Electric/Induction Ranges Market By Type (Freestanding Vs. Built in), By End-Use (Residential Vs. Commercial), By Distribution Channel (Supermarkets/Hypermarkets, Multi-branded Stores, Exclusive Stores, Contract Sales, and Online), By Region, Competition Forecast & Opportunities, 2018-2028
Market Report I 2023-08-01 I 76 Pages I TechSci Research
The United States Electric/Induction Ranges Market size is anticipated to register an impressive CAGR during the forecast period. The electric/induction market comprises sales of electric/induction ranges, which substitutes for gas ranges by converting power to heat. A thermostat, burners with spiral or coil shapes mounted on top, and heat-producing devices for baking and cooking are all features of electric ranges.
Built-in and free-standing electric/induction ranges are the primary products. Built-in ranges are entirely independent. They appear to be a part of the cabinets since they fit in between them so snugly, but they are not. They have ovens with burners above them and ranges with a drawer at the base. Metal stoves, stone stoves, ceramic stoves, and other types are made of various materials and are implemented in residential, commercial, and industrial applications.
The US market for electric/induction ranges is expanding due to the rising number of food and beverage producers and increasing demand for smart kitchen appliances. Electric/Induction ranges with ovens or broilers are frequently used in the food processing sectors to quickly cook vast quantities of food. These elements are driving up demand for the electric/induction ranges in the United States.
The demand for electric/induction ranges is anticipated to increase due to numerous new residential projects. The market has already benefited from the progressive shift away from gas ranges, and more consumers are inclined to install electric/induction in their homes or large-scale residential projects. This is because more people are aware of its advantages over gas ranges. Additionally, frequently utilized in non-residential structures like restaurants and hotels are electric/induction ranges. The change seems modest for commercial applications but is projected to intensify over the projection period.
The market for electric/induction ranges is anticipated to benefit from the growing economy and population in the United States. Additionally, the number of food and beverage producers and food service establishments is growing in the United States, which is opening up a lot of potential for the major players in the electric/induction ranges industry.
Rising Trend of Modular Kitchen Fuels the Market Growth
One of the key factors propelling the growth of the electric/induction ranges market is the rise in the trend toward modular kitchens among middle-income groups across the country. The electric/induction ranges are safer than LPG cylinders since they don't have open flames, and rising consumer awareness of safety as they buy more sophisticated cooking appliances in the United States is driving the market's expansion. The rise also influences the demand for induction ranges, which automatically turn off when cookware is present. These ranges are also highly preferred since they are safer and more energy-efficient than conventional ranges.
Innovative Offering Fuels the Market Growth
United States manufacturers are producing innovative products to attract consumers, which drives the electric/induction ranges market in the United States. For instance, GE launched a built-in Wi-Fi with a SmartHQ app connection that allows for guided sous-vide cooking. This induction range has a user interface that is straightforward to operate. Precision air True Convection technology is present in this induction range. It also has a functional soft-close storage door. Also, Frigidaire launched an induction range that makes large quantities of crispy appetizers for a crowd rather than simply five french fries at a time possible using an Air Fry mode. Three heating components and a fan power an authentic convection oven. This range is quick and offers a 30-minute self-cleaning steam feature that is secure and oriented at an induction surface, which concentrates energy where needed.
Market Segmentation
The United States electric/induction ranges market is segmented into type, end-use, distribution channel, region, and company. Based on type, the market is segmented into freestanding and built-in. Based on end-use, the market is segmented into residential and commercial. Based on distribution channels, the market is segmented into supermarkets/hypermarkets, multi-branded stores, exclusive stores, contract sales, and online.
Market Players
Electrolux Home Products, Inc., Haier U.S. Appliance Solutions, Inc., Samsung Electronics America, Inc., Whirlpool Corporation, LG Electronics U.S.A. Inc., Felix Storch, Inc. (Summit Appliance), Miele, Inc., SMEG U.S.A. Inc., Prizer-Painter Stove Works, Inc., BSH Home Appliances Corporation are the major market players in the United States electric/induction ranges market.
Report Scope:
In this report, United States electric/induction ranges market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- United States Electric/Induction Ranges Market, By Type:
o Freestanding
o Built In
- United States Electric/Induction Ranges Market, By End-Use:
o Residential
o Commercial
- United States Electric/Induction Ranges Market, By Distribution Channel:
o Supermarkets/Hypermarkets
o Multi-branded Stores
o Exclusive Stores
o Contract Sales
o Online.
- United States Electric/Induction Ranges Market, By Region:
o South
o West
o Mid-West
o North-East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in United States electric/induction ranges market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on United States Electric/Induction Ranges Market
5. Voice of Customer
5.1. Demographic Respondents
5.1.1. By Gender
5.1.2. By Age
5.1.3. By Income Group
5.1.4. By Occupation
5.2. Brand Awareness
5.3. Factors Influencing Purchase Decision
5.4. Source of Information
5.5. Challenges Faced Post Purchase
6. United States Electric/Induction Ranges Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type (Freestanding Vs. Built in)
6.2.2. By End-Use (Residential Vs. Commercial)
6.2.3. By Distribution Channel (Supermarkets/Hypermarkets, Multi-branded Stores, Exclusive Stores, Contract Sales, and Online)
6.2.4. By Region (South, West, Mid-West, North-East)
6.2.5. By Company (2022)
6.3. Market Map (By Type, By End-Use, By Distribution Channel, By Region)
7. South Electric/Induction Ranges Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By End-Use
7.2.3. By Distribution Channel
7.3. Product Benchmarking
8. West Electric/Induction Ranges Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By End-Use
8.2.3. By Distribution Channel
8.3. Product Benchmarking
9. Mid-West Electric/Induction Ranges Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By End-Use
9.2.3. By Distribution Channel
9.3. Product Benchmarking
10. North-East Electric/Induction Ranges Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By End-Use
10.2.3. By Distribution Channel
10.3. Product Benchmarking
11. Import Export Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. SWOT Analysis
14. Market Trends & Developments
15. Policy & Regulatory Landscape
16. United States Economic Profile
17. Competitive Landscape
17.1. Company Profiles
17.1.1. Electrolux Home Products, Inc.
17.1.2. Haier U.S. Appliance Solutions, Inc.
17.1.3. Samsung Electronics America, Inc.
17.1.4. Whirlpool Corporation
17.1.5. LG Electronics U.S.A. Inc.
17.1.6. Felix Storch, Inc. (Summit Appliance)
17.1.7. Miele, Inc.
17.1.8. SMEG U.S.A. Inc.
17.1.9. Prizer-Painter Stove Works, Inc.
17.1.10. BSH Home Appliances Corporation
18. Strategic Recommendations
19. About Us & Disclaimer
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