Induction Hobs Market Set to Grow by $3.95 Bn between 2021 and 2025 | Product Innovations and New Designs to Boost Growth | Technavio

NEW YORK, Oct. 6, 2021 /PRNewswire/ — The induction hobs market value is expected to increase by USD 3.95 billion between…

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.

Induction Hobs Market Highlights are available at Technavio. Download FREE Sample Now to take further steps for your business

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

Learn more about the segment-based contribution impacting the future of the industrial hobs market. Download Our Free Sample Report Here

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.

Subscribe to our «Lite Plan» billed annually at USD 3000 that enables you to download 3 reports/year and view 3 reports/month.

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:

Global Induction Cookware Market
 – Global induction cookware market is segmented by product (pan, skillet pan, pressure cooker, dutch oven, and stockpot), end-user (residential and commercial), and geography (North America, Europe, APAC, South America, and MEA).

Download Exclusive Free Sample Report

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).

Download Exclusive Free Sample Report

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.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/induction-hobs-market-set-to-grow-by-3-95-bn-between-2021-and-2025–product-innovations-and-new-designs-to-boost-growth–technavio-301393354.html

SOURCE Technavio