Induction Hobs Market: Current Analysis and Forecast (2021-2027)
June 2022
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About the Report
About the Report
Induction hobs are very different from all the other hobs on the market, as they directly heat the pan and not the hob ring. When you turn on an induction hob, a magnetic field underneath the surface is activated. When you place a pan on the hob, the circuit is completed, and the base of the pan gets heated. A rise in disposable income and growing demand for energy-efficient appliances are contributing to the growth of the market. Snowballing prerequisite for energy-efficient and time energy-efficient cooking appliances at the global level is propelling the sales of induction hobs. The millennial population wants to decrease their time spent on cooking, which is one of the trends that boosts product sales. Moreover, higher adoption of modular kitchens in fast-growing economies such as India and China is driving product demand
Based on the product, the market is fragmented into free-standing and built-in. The built-in segment grabbed the major market share and dominated the market in 2020. The growing demand for smart homes and smart offices is contributing to the growing market. Further, The built-in hob is sleek, sophisticated, and has a seamless look because it is installed at the same level as the kitchen countertop
Based on the application, the market is fragmented into residential and commercial. The commercial segment grabbed the major market share in 2020 and dominated the market. A growing number of home bakers, higher appeal of artisanal bakers, and the launch of new products will up the consumption of cocoa in this industry are contributing to the growing market
Based on the distribution channel, the market is fragmented into Hypermarkets & Supermarkets, Specialty Stores, Other Retail Stores, and Online. The supermarkets/ hypermarket segment grabbed a significant market share in 2020. The booming number of these stores globally is contributing to the growth of this segment
For a better understanding of the market adoption of the Induction Hobs market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific region grabbed the major market for the Induction Hobs Market industry in 2020. However, the Europe region would witness a considerable CAGR during the forthcoming years
Some of the major players operating in the market are Whirlpool Corporation, LG Electronics Inc., Electrolux AB, TTK Group, Smeg, Koninklijke Philips N.V., Robert Bosch GmbH, Panasonic Corporation, Sub-Zero Group, Inc., Miel, etc., Several M&As along with partnerships have been undertaken by these players to develop Induction Hobs across the globe
Products
Companies
Whirlpool Corporation, LG Electronics Inc., Electrolux AB, TTK Group, Smeg, Koninklijke Philips N.V., Robert Bosch GmbH, Panasonic Corporation, Sub-Zero Group, Inc., Miel,
Table of Contents
Table of Contents
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of Induction Hobs Market
2.2. Research Methodology of Induction Hobs Market
2.3. Forecasting Method
2.4. Respondent Profile
2.5. Main Objective of Induction Hobs Study
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL INDUCTION HOBS MARKET COVID-19 IMPACT
6 GLOBAL INDUCTION HOBS MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY PRODUCT
7.1. Free-standing
7.2. Built-in
8 MARKET INSIGHTS BY APPLICATION
8.1. Residential
8.2. Commercial
9 MARKET INSIGHTS BY DISTRIBUTION CHANNEL
9.1. Hypermarkets & Supermarkets
9.2. Specialty Stores
9.3. Other Retail Stores
9.4. Online
10 MARKET INSIGHTS BY REGION
10.1. North America Induction Hobs Market
10.1.1. United States
10.1.2. Canada
10.1.3. Rest of North America
10.2. Europe Induction Hobs Market
10.2.1. United Kingdom
10.2.2. Germany
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest of Europe
10.3. Asia Pacific Induction Hobs Market
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Australia
10.3.5. Rest of Asia Pacific
10.4. Rest of World Induction Hobs Market
11 INDUCTION HOBS MARKET DYNAMICS
11.1. Market Drivers
11.2. Market Challenges
11.3. Impact Analysis
12 INDUCTION HOBS MARKET OPPORTUNITIES
13 INDUCTION HOBS MARKET TRENDS
14 LEGAL & REGULATORY FRAMEWORK
15 DEMAND AND SUPPLY SIDE ANALYSIS
15.1. Demand Side Analysis
15.2. Supply Side Analysis
15.2.1. Top Product Launches
15.2.2. Top Business Partnerships
15.2.3. Top Business Expansions, Investments and Divestitures
15.2.4. Top Merger and Acquisitions
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
17.1. Competitive Landscape
17.1.1. Company Shares, By Revenue
18 COMPANY PROFILED
18.1. Whirlpool Corporation
18.2. LG Electronics Inc.
18.3. Electrolux AB
18.4. TTK Group
18.5. Smeg
18.6. Koninklijke Philips N.V.
18.7. Robert Bosch GmbH
18.8. Panasonic Corporation
18.9. Sub-Zero Group, Inc.
18.10. Miel
19 DISCLAIMER
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