Cooktops Market Size, Share & Industry Analysis, By Type (Gas Cooktops, Electric Cooktops, and Induction Cooktops), By Category (Built-in and Countertop), By Application (Knob and Digital Touchpad), and Regional Forecast, 2026-2034

The global cooktops market size was valued at USD 120.22 billion in 2025. The market is projected to grow from USD 129.72 billion in 2026 to USD 238.29 billion by 2034, exhibiting a CAGR of 7.9% during the forecast period.

The global cooktops market is driven by an increasing trend toward modular kitchens, paired with rising consumer disposable incomes. Cooktops are one of the most crucial kitchen appliances designed to enhance convenience and assist in modern cooking. Moreover, the soaring popularity of energy-efficient and smart cooktops contributes to the market growth. At a macro level, increasing spending on home improvement, notably in the U.S., fuels the demand for cooktops. According to recent data published by the University of South Alabama, kitchen (29%) emerged as the most renovated residential room in the U.S. in 2024, followed by guest bathrooms (27%) and primary bathrooms (25%).

The COVID-19 pandemic hampered the growth of the cooktop market. Lockdowns and limits on manufacturing operations, paired with supply chain disruptions, caused a temporary market decline. However, following COVID-19, the market has recovered as the retail locations reopened and e-commerce platforms boosted cooktop sales.

Cooktops Market Driver

Technological Advancements and Growth in Hospitality Sector to Drive Market Growth

Technological advancements in cooktop features, including induction cooking, smart networking, and energy efficiency, attract tech-savvy and environmentally conscious customers. Furthermore, the growing availability of varied designs and features makes cooktops popular among residential consumers. Additionally, the rapid expansion of the commercial sector, including the hotel, restaurant, and bar businesses, is increasing the sales of various types of cooktops.

Cooktops Market Restraint

Increasing Use of Ovens and Microwaves May Hamper Market Growth

Induction cooktops, unlike traditional stoves, necessitate specific electrical equipment, causing infrastructural issues and discouraging potential buyers from purchasing the product. Price constraints also make the product unaffordable to individuals with a limited budget. Additionally, growing consumer preferences for ovens and microwaves due to their convenience and time efficiency are reducing the demand for cooktops. The rising trend of dining out also limits product adoption among residential consumers. Furthermore, the product is unsuitable for rural locations as it requires inconsistent electricity supply and increases electricity bills.

Cooktops Market Opportunity

Rising Urbanisation and Compact Living Spaces to Provide Growth Opportunity

Rising urbanization and smaller living spaces present significant potential in the global market. As more individuals move to apartments with limited kitchen space, the demand for compact and efficient kitchen appliances grows. Cooktops, with space-saving designs are suitable for these spaces. Their energy efficiency and safety features also meet the demands of urban consumers. These factors enable manufacturers to target urban end users seeking quality appliances for compact spaces and provide them with growth opportunities.

Segmentation

Key Insights

The report covers the following key insights

• Overview of the Parent Market
• Supply Chain Analysis
• Industry SWOT Analysis
• Porter's Five Forces Analysis
• Recent Technological Advancements 

Analysis by Type

Based on type, the market can be segmented into gas, electric, and induction cooktops.

The gas cooktops segment holds the largest market share due to their extensive use, particularly in areas where gas is more economical and accessible. They are highly preferred due to their fast heating and temperature control features.

The induction cooktops segment is predicted to rise at the fastest CAGR over the analysis period, backed by rising demand for energy-efficient and ecologically friendly appliances. Induction cooktops are gaining popularity due to their shorter cooking times and safety features.

Analysis by Category

Based on category, the market is classified into built-in and countertop.

The countertop segment holds the largest share of the market due to its low cost, ease of installation, and adaptability to a variety of kitchen settings. They are popular among customers who prefer cost-effective products and space-saving solutions.

The built-in segment is predicted to grow at the fastest CAGR over the forecast period, benefitted by rising consumer demand for modern kitchen designs. Built-in cooktops also provide a premium appearance and are highly used in high-end kitchens.

Analysis by Application

Based on application, the cooktop market is categorized into knob and digital touchpad.

The knob segment holds the largest market share due to its convenience and familiarity among numerous consumers. They are also preferred due to their simple functionality and dependability.

The digital touchpad segment is likely to grow at the fastest CAGR over the analysis period due to technical advancements and rising customer demand for smart kitchen appliances. Touchpad cooktops provide more precision and additional features, such as programmable settings, making them appealing to tech-savvy consumers.

Regional Analysis

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Based on region, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

Asia Pacific dominates the cooktops market, owing to increasing rapid urbanization and rising consumer demand for modern kitchen appliances in countries such as China, India, and Japan. The region's large population base and increasing middle class also help to drive market growth.

North America holds the second-largest share of the global cooktops market, owing to the strong presence of prominent manufacturers, widespread demand for smart home technologies, and a growing trend toward kitchen remodeling. The rising emphasis on sustainability and energy-efficient cooking methods across various countries, including the U.S. and Canada, also drives regional growth.

Key Market Players

• Whirlpool Corporation (U.S.)
• Electrolux AB (Sweden)
• Bosch (BSH Hausgeräte GmbH) (Germany)
• Samsung Electronics (South Korea)
• LG Electronics (South Korea)
• GE Appliances (U.S.)
• Haier Group (China)
• Miele & Cie. KG (Germany)
• Panasonic Corporation (Japan)
• Fisher & Paykel (New Zealand)

Key Industry Developments

• In February 2024, Whirlpool Corporation, a U.S.-based home appliance company, partnered with BORA, a German home appliance company, to introduce a new induction downdraft cooktop technology throughout North America by 2025.
• In March 2023, GE Appliances, a U.S.-based appliance manufacturer, unveiled a new collection of induction cooktops manufactured at its Roper Corporation facility in LaFayette, Georgia.