The United States Gas Ranges
Market size is expected to register an impressive CAGR during the forecast
period. Gas ranges are cooking appliances that use natural gas or propane as a
fuel source to heat up burners on the cooktop and an oven for baking, roasting,
and broiling. For simple roasting and cooking requirements, gas ranges are used
as standard equipment. In addition to one convection oven and one standard
oven, gas ranges allow the addition of accessories like broilers or griddles
for the stovetop. Gas ranges are an essential piece of equipment for the
cooking process in the food processing and restaurant industries. The
consumer's requirements decide the way gas burners are often used.
The United States gas ranges
market has experienced steady growth in recent years, driven by a variety of factors.
These factors include the increasing popularity of home cooking and baking, the
growing demand for energy-efficient and high-performance cooking appliances,
and the steady growth in residential construction activity.
The gas ranges market in the
United States is divided into two main categories: freestanding ranges and
built-in ranges. Freestanding ranges are designed to stand alone and have
finished sides, while built-in ranges are designed to fit into a cabinet or
counter space and have unfinished sides.
The residential customer prefers
gas rangers with fewer burners whereas the industries prefer gas ranges with
the most burners. The most often used equipment in the food processing and
restaurant sectors is gas ranges with an oven.
The US market for gas
ranges is expanding as a result of the rising number of food and beverage
producers. Gas ranges with ovens or broilers are frequently used in the food
processing sectors to quickly cook huge quantities of food. These elements are
driving up demand for the gas ranges in the United States.
While the need for gas
burners with convection ovens and stoves has also been fueled by the food
industry, hospitality, and residential sectors. The goal of gas range
manufacturers is to create high-quality items using the newest technology,
designs, and appliances. The demand for gas ranges in the US market is
anticipated to be driven by these factors.
The growth of the gas ranges
market in the US is expected to be fueled by the rising number of food service
establishments and the café culture there. Additionally, the country's demand
for gas ranges is rising as a result of rising disposable income and consumer
passion for cooking.
The market for gas ranges is anticipated
to benefit from the growing economy and population in the United States.
Additionally, the number of food and beverage producers as well as food service
establishments is growing in the United States, which is opening up a lot of
potential for the major players in the gas ranges industry.
Companies Expanding Their Presence
Fuels Market Growth
One key trend that is
contributing to the growth of the market is companies expanding their presence
in the market. Many manufacturers of gas ranges are expanding their product
lines and distribution networks to reach a wider range of customers. To
maintain their competitive edge in the market, major companies have been using
a variety of expansion methods and the introduction of new products. A growing
number of industry participants are concentrating on the development of
cutting-edge items. For instance, in Tulsa, Oklahoma, Whirlpool Corporation
unveiled the state-of-the-art Factory Distribution Center (FDC) that is
situated next to its current production facility. The current facility
manufactures slide-in and freestanding ranges for the Whirlpool, Amana, Maytag,
KitchenAid, and JennAir brands. Expanding product lines can help companies to
offer a wider range of gas range models with different features and designs to
meet the diverse needs and preferences of consumers. For example, companies may
introduce gas ranges with multiple burners, larger oven capacities,
self-cleaning options, and smart technology features. Expanding distribution
networks can also help companies to reach more customers in different
geographic regions. Companies may establish partnerships with retailers or
distributors, expand their e-commerce presence, or open new retail locations.
The United States gas ranges market has experienced steady growth in recent
years, driven by a variety of factors, including increasing consumer demand for
energy-efficient and high-performance cooking appliances, growing residential
construction activity, and the popularity of home cooking and baking. In addition,
companies may also invest in marketing and advertising campaigns to raise
awareness of their gas ranges and build brand recognition. This can include
social media marketing, targeted digital advertising, and traditional
advertising methods such as television commercials and print ads. Therefore,
companies expanding their presence can fuel the growth of the United States gas
ranges market by offering a wider range of products, reaching more customers
through expanded distribution networks, and increasing brand recognition
through marketing and advertising campaigns. However, companies need to
carefully manage their supply chains and inventory and be aware of the
competitive landscape in the market.
Innovative Offering Fuels
Market Growth
Innovation is a key driver of
the growth of the United States gas ranges market. Manufacturers are constantly
looking for ways to differentiate their products and offer new and innovative
features that appeal to consumers. One way that companies can fuel growth in
the gas ranges market is by offering innovative features and technologies that
improve the cooking experience. For example, companies may introduce gas ranges
with advanced heating systems that distribute heat more evenly or offer more
precise temperature controls to help home cooks achieve better results. US
manufacturers are producing innovative products to attract the consumers which
drives the gas ranges market in the United States. For instance, LG launched
the smart wi-fi enabled true convection instaview gas range with air
fry and smart instaview gas double oven slide-in range with ProBake convection,
air fry, and air sous vide. The controls are positioned up front in the
slide-in designs for a chic, built-in look that enables the beauty of both
backsplash and countertops shine through. The largest oven in its class,
according to LG, has a capacity of 6.9 cubic feet and one can use as many pots,
pans, Dutch ovens, and skillets as necessary. This oven has enough space for
baking huge quantities of cookies or a roast for the holidays. Another way that
companies can differentiate themselves and drive growth is by offering gas
ranges with unique designs and styles that appeal to different types of
consumers. For example, companies may introduce gas ranges with bold colors,
sleek designs, or retro-inspired looks to appeal to consumers with different
tastes and preferences. Companies can also fuel growth in the gas ranges market
by leveraging technology and connectivity to offer smart gas ranges that can be
controlled remotely via smartphone apps or voice assistants. These gas ranges
can offer features such as preheating, automatic shut-off, and cooking alerts,
making it easier for consumers to prepare meals and monitor their cooking from
anywhere.
In addition,
manufacturers can also differentiate their gas ranges by offering more
environmentally-friendly and energy-efficient models. Gas ranges that use less
energy can help consumers save money on their utility bills while also reducing
their carbon footprint. Therefore, innovative offerings can fuel the growth of
the United States gas ranges market by offering new and improved features,
unique designs, smart technology, and energy-efficient models that appeal to
consumers. By staying ahead of trends and continuously innovating,
manufacturers can differentiate their products and gain a competitive edge in
the market.
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Market Segmentation
United States gas ranges market
is segmented into type, end-use, distribution channel,
region, and company. Based on type, the market is further divided into
freestanding and built in. Based on end-use, the market is segmented into
residential and commercial. Based on distribution channels, the market is further
split 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., and BSH Home Appliances Corporation are the major market players in the United
States gas ranges market.
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Attribute
|
Details
|
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Base
Year
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2022
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Historic
Data
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2018 – 2021
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Estimated
Year
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2023
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Forecast
Period
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2024 – 2028
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Quantitative
Units
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Revenue
in USD Million, and CAGR for 2018-2022 and 2023-2028
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|
Report
Coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
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Segments
Covered
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Type
End-Use
Distribution
Channel
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Regional
scope
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South, West,
Mid-West, North-East
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Key
companies profiled
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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., etc.
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|
Customization
scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
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Delivery
Format
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PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request)
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Report Scope:
In this report, United States gas ranges market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
- United States Gas Ranges Market, By Type:
- United States Gas Ranges Market, By End-Use:
- United States Gas Ranges Market, By Distribution Channel:
- Supermarkets/Hypermarkets
- Multi-branded
Stores
- Exclusive
Stores
- Contract
Sales
- Online.
- United States Gas
Ranges Market, By Region:
- South
- West
- Mid-West
- North-East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United States gas 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).
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