Induction Hobs Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

AB Electrolux, Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Robert Bosch GmbH, and Samsung Electronics Co. Ltd. are among the key vendors discussed in the research report

Accelerating at a CAGR of almost 9%, the induction hobs market is expected to grow by post an incremental growth of $ 3.95 billion over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.

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Induction Hobs Market: Market Segments and Key Trends

The Induction hobs market is segmented by Product (Free-standing and Built-in), Distribution Channel (Offline and Online), and Geography (Europe, APAC, North America, MEA, and South America). Europe led the market with 39% of the market growth set to originate from this region during the forecast period. High cost limiting the adoption in the mass segment is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.

Induction Hobs Market: Leading Factors to Drive Market Growth

One of the primary factors that will drive market growth are the product innovations and new designs. The induction hobs market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.

Induction Hobs Market: Regional Segmentation

Europe emerged as the leading geographical segment in recent years and is expected to contribute 39% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the induction hobs market size.

Induction Hobs Market: Vendor Analysis

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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. For more insights on this market: Download a Free Sample Report

Induction Hobs Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive induction hobs market growth during the next five years
• Precise estimation of the induction hobs market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the induction hobs market industry across Europe, APAC, North America, MEA, and South America
• A thorough 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

Browse through some of other related market research reports for more insights:

• Induction Furnace Market in India: The induction furnace market in India is set to post an incremental growth of USD 10.80 billion, accelerating at a CAGR of 6.63% during the forecast period.
• Commercial Induction Cooktop Market: Commercial induction cooktop market is set to post an incremental growth of $ 98.68 million during 2021-2025.
• Induction Cookware Market: The Global Induction Cookware Market is projected to grow by $ 1.38 billion, accelerating at a CAGR of 4.20% till 2025.
• Cookware Market: Accelerating at a CAGR of 4%, the Global Cookware market is expected to grow by $ 5.30 billion during the forecast period.

Market Segmentation by Product

• • Induction Hobs Market Split by Product
    • Free-standing
    • Built-in
  • Induction Hobs Market Split by Distribution Channel
    • Offline
    • Online
  • Induction Hobs Market Split by Geography
    • Europe
    • APAC
    • North America
    • MEA
    • South America

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Competitive scenario
• Vendor landscape
• Landscape disruption

Vendor Analysis

• 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.
• Whirlpool Corp.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of almost 9%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 3.95 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Product innovations and new designs will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Europe, APAC, North America, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   39% growth will originate from Europe
    
6. Who are the leading market vendors?
   The leading vendors in this market are 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.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Free-standing and Built-in), Distribution Channel (Offline and Online), and Geography (Europe, APAC, North America, MEA, and South America)