$25.3bn
$XXX.Xm
137k
6,141
$X.Xbn
The Kitchen and Cookware Stores industry has experienced very slight growth over the five years to 2024 as it benefited from e-commerce growth and increased consumer interest in cooking and home dining. Moreover, a robust housing market prior to interest rate hikes bolstered demand from new equipment buyers. The rise of social media has created a new generation of food and cooking influencers inspiring consumers to try new recipes and invest in quality kitchen equipment. Furthermore, introducing new and innovative kitchen tools, appliances and materials has driven growth in the industry, as consumers seek products that make cooking easier and more enjoyable. Overall, IBISWorld anticipates that industry revenue will increase at an annualized rate of 0.1% to $25.9 billion over the past five years, despite a decline of 1.7% in 2024 alone as high interest rates have led to a slowdown in the housing market.
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $25.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Williams-Sonoma, Inc. | 1,195.5 | 51.3 | 4.3 |
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Industry revenue is measured across several distinct product and services lines, including Bakeware, Cookware and Cutlery and utensils. Bakeware is the largest segment of the Kitchen & Cookware Stores in the US.
Electronics and appliance sales increased during COVID-19
This industry includes operators that primarily sell kitchen and cookware such as pots and pans, bakeware, cutlery and utensils. Merchandise is generally purchased from domestic manufacturers and wholesalers and then sold to the public.
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NAICS 44229 - Kitchen & Cookware Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Interest Rates and Inflation Impact Demand. High interest rates and elevated inflation since 2022 have harmed demand for cookware. The Federal Reserve expects to cut interest...
Learn about an industry's products and services, markets and trends in international trade.
Health-conscious consumers are driving demand for kitchen appliances. This trend towards plant-based diets, clean eating, and home cooking has increased sales of juicers, ble...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Urban areas with high population densities are prime locations for kitchen and cookware stores. They offer a large customer base and higher foot traffic. These areas often ho...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Online retailers like Amazon have intensified competition in the kitchen and cookware industry. They often provide lower prices, a wider product range, and greater convenienc...
Learn about the performance of the top companies in the industry.
In recent years, Williams Sonoma has committed to sustainability by offering eco-friendly products and reducing its environmental impact. The company has also launched a prog...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Consumer confidence has declined over the past five years. When people feel good about the economy, they tend to spend more on kitchen and cookware products, boosting demand....
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The cost of goods sold can significantly impact a store's profitability. Stores that negotiate better prices with suppliers or source products more efficiently may have lower...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Kitchen & Cookware Stores in the US industry in United States is $25.3bn in 2024.
There are 6,141 businesses in the Kitchen & Cookware Stores in the US industry in United States, which has grown at a CAGR of 1.2 % between 2019 and 2024.
The market size of the Kitchen & Cookware Stores in the US industry in United States has been growing at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Kitchen & Cookware Stores in the US industry in United States is expected to grow.
The biggest company operating in the Kitchen & Cookware Stores market in United States is Williams-Sonoma, Inc.
Bakeware and Cookware are part of the Kitchen & Cookware Stores in the US industry.
The company holding the most market share in United States is Williams-Sonoma, Inc..
The level of competition is high and increasing in the Kitchen & Cookware Stores in the US industry in United States.