NEW YORK, Oct. 6, 2021 /PRNewswire/ -- The induction hobs market value is expected to increase by USD 3.95 billion between 2021 and 2025, progressing at a CAGR of almost 9% during the forecast period. The induction hobs market report offers an up-to-date analysis of the exact growth variance and the Y-O-Y growth rate.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Electrolux, Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Smeg Spa, Sub-Zero Group Inc., TTK Prestige Ltd., and Whirlpool Corp. are some of the major market participants.
Although product innovations and new designs and the increasing demand for convenient home appliances with changes in lifestyle patterns will offer immense growth opportunities, limitations of using only flat-surface utensils and induction-specific cookware will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Induction Hobs Market 2021-2025: Segmentation
- Product
- Free-standing
- Built-in
- Distribution Channel
- Offline
- Online
- Geography
- Europe
- APAC
- North America
- MEA
- South America
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Induction Hobs Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our induction hobs market report covers the following areas:
This study identifies the growing adoption of energy-efficient appliances as one of the prime reasons driving the induction hobs market growth during the next few years.
Induction Hobs Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Induction Hobs Market. Backed with competitive intelligence and benchmarking, our research reports on the Induction Hobs Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Induction Hobs Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist induction hobs market growth during the next five years
- Estimation of the induction hobs market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the induction hobs market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of induction hobs market vendors
Related Reports:
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Global Wall Oven Market - Global wall oven market is segmented by product type (single, double, and combined) and by geography (APAC, Europe, North America, and ROW).
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Induction Hobs Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of almost 9% |
Market growth 2021-2025 |
$ 3.95 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.05 |
Regional analysis |
Europe, APAC, North America, MEA, and South America |
Performing market contribution |
Europe at 39% |
Key consumer countries |
US, China, UK, Germany, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AB Electrolux, Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Smeg Spa, Sub-Zero Group Inc., TTK Prestige Ltd., and Whirlpool Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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SOURCE Technavio
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