Market Overview:
The global household induction cook-tops market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient appliances and rising disposable income of consumers in developing countries. In terms of type, the free standing & portable cooktops segment is expected to lead the global household induction cook-tops market during the forecast period, followed by built-in cooktops. This can be attributed to their low installation cost and easy portability. In terms of application, supermarkets/hypermarkets are expected to lead the global household induction cook-tops market during the forecast period, followed by specialty stores and online retailing.
Product Definition:
Household induction cook-tops are appliances that use electricity to create a magnetic field that induces currents in a coil of wire. The currents heat the cook-top's cooking vessel, which can then be used to cook food. Household induction cook-tops are important because they are more efficient than traditional gas or electric stovetops and they don't produce heat waste.
Free Standing & Portable Cooktops:
Free standing cooktops are also known as countertop cooktops or built-in cooktops. They are placed on the kitchen counter and can be used like a regular range, over/under the range, or in a corner of the kitchen. These types of ranges usually have two burners and an easy to use griddle type top with no need for added accessories such as griddles covers etc.
Built-in Cooktops:
The built-in cooktops are the part of a gas-cooking range and are also available in different sizes. These cooktops can be attached to an electric wall oven as well as they have integral heating elements. The size of these ranges varies from small to large, depending upon the number of burners that a consumer prefers.
Application Insights:
The specialty stores segment held the largest share of over 40.0% in 2017. The growth can be attributed to the growing preference for cook-tops that suit individual requirements and are easy to use, as compared with conventional cook-tops found in kitchens. Furthermore, increasing product demand due to rising consumer disposable income levels coupled with a rise in spending on kitchen appliances is expected to drive the market over the forecast period.
The supermarkets/hypermarkets segment is expected witness significant growth owing to increased product penetration by major retail chains such as Big Bazaar, Food & Beverage Processing India Pvt Ltd., Modern Foods Ltd., and others across developing countries including China, India and Brazil where household cooking is still a predominant activity at homes despite increasing adoption of electric cooking appliances like microwave ovens for preparing food in recent years.
Regional Analysis:
North America dominated the global market in 2017 owing to high product penetration and consumer awareness. The region is expected to maintain its dominance over the forecast period due to increasing adoption of induction cook-tops by consumers, especially in countries such as Canada and Mexico. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to growing demand for household appliances in emerging economies, such as India and China. Moreover, rising disposable income levels will drive further growth of this industry over the next eight years. Additionally, a large number of manufacturers are also setting up their manufacturing facilities in APAC owing to low cost involved with production compared with other regions including North America and Europe. For instance, LG Electronics opened its first manufacturing plant for Induction Cooktops (IC) products located at Noida near New Delhi; it started operations from January 2018 after receiving government approval for land use change certificate (LCC).
Growth Factors:
- Increasing demand for energy-efficient appliances: The global market for induction cooktops is expected to grow at a CAGR of more than 9% during the forecast period. This can be attributed to the increasing demand for energy-efficient appliances, as induction cooktops consume less power as compared to traditional gas or electric cooktops.
- Rising disposable income and changing lifestyle trends: Another key factor driving the growth of this market is the rising disposable income and changing lifestyle trends across regions such as Asia Pacific and Latin America. This has led to an increase in the number of households that are opting for premium kitchen appliances, including induction cooktops.
- Technological advancements: The introduction of new technologies such as smart induction cooking has further boosted the growth prospects of this market. These advanced technologies offer features such as timers, temperature controls, preheat modes, etc., which make cooking easier and more convenient for users.
Scope Of The Report
Report Attributes
Report Details
Report Title
Household Induction Cook-tops Market Research Report
By Type
Free Standing & Portable Cooktops, Built-in Cooktops
By Application
Supermarkets/Hypermarkets, Specialty Stores, Online, Others
By Companies
Whirlpool, LG, Panasonic, Subzero, TTK Prestige, Philips, Bosch Home, SMEG, Electrolux, Miele, Whirlpool
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Household Induction Cook-tops Market Report Segments:
The global Household Induction Cook-tops market is segmented on the basis of:
Types
Free Standing & Portable Cooktops, Built-in Cooktops
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarkets/Hypermarkets, Specialty Stores, Online, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Whirlpool
- LG
- Panasonic
- Subzero
- TTK Prestige
- Philips
- Bosch Home
- SMEG
- Electrolux
- Miele
- Whirlpool
Highlights of The Household Induction Cook-tops Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Free Standing & Portable Cooktops
- Built-in Cooktops
- By Application:
- Supermarkets/Hypermarkets
- Specialty Stores
- Online
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Household Induction Cook-tops Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The Household Induction Cook-tops are a type of electric cook-top that uses induction technology. This technology allows the cook-top to heat up quickly and evenly, making it a popular choice among cooks.
Some of the key players operating in the household induction cook-tops market are Whirlpool, LG, Panasonic, Subzero, TTK Prestige, Philips, Bosch Home, SMEG, Electrolux, Miele, Whirlpool.
The household induction cook-tops market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Household Induction Cook-tops Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Household Induction Cook-tops Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Household Induction Cook-tops Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Household Induction Cook-tops Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Household Induction Cook-tops Market Size & Forecast, 2020-2028
4.5.1 Household Induction Cook-tops Market Size and Y-o-Y Growth
4.5.2 Household Induction Cook-tops Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Free Standing & Portable Cooktops
5.2.2 Built-in Cooktops
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Supermarkets/Hypermarkets
6.2.2 Specialty Stores
6.2.3 Online
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Household Induction Cook-tops Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Household Induction Cook-tops Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Free Standing & Portable Cooktops
9.6.2 Built-in Cooktops
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Supermarkets/Hypermarkets
9.10.2 Specialty Stores
9.10.3 Online
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Free Standing & Portable Cooktops
10.6.2 Built-in Cooktops
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Supermarkets/Hypermarkets
10.10.2 Specialty Stores
10.10.3 Online
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Free Standing & Portable Cooktops
11.6.2 Built-in Cooktops
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Supermarkets/Hypermarkets
11.10.2 Specialty Stores
11.10.3 Online
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Free Standing & Portable Cooktops
12.6.2 Built-in Cooktops
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Supermarkets/Hypermarkets
12.10.2 Specialty Stores
12.10.3 Online
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Free Standing & Portable Cooktops
13.6.2 Built-in Cooktops
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Supermarkets/Hypermarkets
13.10.2 Specialty Stores
13.10.3 Online
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Household Induction Cook-tops Market: Competitive Dashboard
14.2 Global Household Induction Cook-tops Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Whirlpool
14.3.2 LG
14.3.3 Panasonic
14.3.4 Subzero
14.3.5 TTK Prestige
14.3.6 Philips
14.3.7 Bosch Home
14.3.8 SMEG
14.3.9 Electrolux
14.3.10 Miele
14.3.11 Whirlpool
