The US sales of electric household ranges, ovens, and cooking equipment are expected to rise from $2.899 billion in 2024 to $3.039 billion by 2028. This represents a steady increase with an annual growth rate of approximately 1.2% over the five-year period. In 2023, these sales were lower, marking a recovery and subsequent growth phase for the market in the forecast period.
Looking forward, key trends include:
- Technological advancements enhancing energy efficiency and smart home integration.
- Growing consumer preference for eco-friendly appliances.
- Potential impact of economic factors like inflation and supply chain challenges.
- Increasing importance of e-commerce in distribution.
