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Global Residential Induction Hobs Market 2017-2021

  • Published: Nov 2017
  • Pages: 92
  • SKU: IRTNTR15925
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This market research study identifies Electrolux, Haier, Panasonic, Robert Bosch, and Whirlpool as the leading players in the global residential induction hobs market. A comprehensive analysis of this market is also presented by distribution channel (offline distribution channel and online distribution channel), by product (built-in induction hobs and portable induction hobs), and by geography (the Americas, APAC, and EMEA).

Overview of the global residential induction hobs market

A large number of vendors are encouraged to manufacture induction hobs due to the rising expenditure of remodeling kitchens into modular ones and the improvement in living standards. Technavio’s research analysis on the global residential induction hobs market identifies that the growing demand for modular and designer kitchen will be one of the major factors that will have a positive impact on the growth of the market. The popularity of sophisticated and modern designs that require minimal space procurement is gaining popularity among various consumers.  The growing number of housing constructions is resulting in an increased demand for built-in cooking appliances such as induction cooktop, countertop ovens, cookers, and wall ovens. The cooking appliances are available in varied sizes and colors and come with smart and modern features. The adoption of modular kitchens will boost the demand for such cooking appliances including residential induction hob. Our market research analysts predict that this market will grow at a CAGR of more than 6% by 2021.

The purchase volume of household appliances in Germany, the UK, Italy, Spain, and France is high. Customers in these countries are purchasing household appliances such as induction hobs due to the rising disposable income, exposure to digital and social media platforms, and use of online retailing. The demand for induction hobs will continue to increase in EMEA during the forecasted period due to the growing preference for easy and comfortable work environment in kitchens. As a result, the demand for electric induction hob will also increase, which in turn, will positively influence the market’s growth prospects.

Competitive landscape and key vendors

The residential induction hobs market is intensely competitive and characterized by the presence of numerous regional and global vendors. The rising number of new vendors will strengthen the competitive environment of the market. These vendors are increasingly competing against each other based on factors such as product quality, technology, product pricing, and product portfolio. Vendors of the induction stove market are focusing on increasing their market share and profit margins by emphasizing on business expansion and product innovation.

Key vendors in this market are -

  • Electrolux
  • Haier
  • Panasonic
  • Robert Bosch
  • Whirlpool

Other prominent vendors in the market include Foxconn Electronics, Groupe SEB, Koninklijke Philips, LG Electronics, Middleby Corporation, Midea Group, SAMSUNG, SMEG, and SUMMIT APPLIANCE

Segmentation by distribution channel and analysis of the residential induction hobs market

  • Offline distribution channel
  • Online distribution channel

The offline distribution channel includes specialty stores, department stores, and hypermarkets, supermarkets, and warehouse clubs. The influx of consumers to purchase home appliances is increasing in these stores due to the availability of enormous stock keeping units (SKUs) and a wide range of branded products. The induction stove market will experience growth in the offline distribution channel segment during the estimated period due to the technical insight and personal assistance offered by the salesforce.

Segmentation by product and analysis of the residential induction hobs market

  • Built-in induction hobs
  • Portable induction hobs

The demand for built-in induction hobs is increasing due to the rising popularity of modular and designer kitchens. Built-in induction cooktops include single and multiple burners that are available in a variety of cooking zone layouts. The demand for induction cooktops will continue to increase throughout the projected period due to space issues that occur in compact houses. This in turn, will positively influence residential induction hobs market’s growth.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global residential induction hobs market?
  • What are the key market trends impacting the growth of the global residential induction hobs market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global residential induction hobs market?
  • What are the market opportunities and threats faced by the vendors in the global residential induction hobs market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global residential induction hobs market?

Technavio also offers customization on reports based on specific client requirement.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline

PART 05: MARKET LANDSCAPE

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

  • Global residential induction hobs market by distribution channel
  • Global residential induction hobs market through offline distribution channel
  • Global residential induction hobs market through online distribution channel

PART 07: MARKET SEGMENTATION BY PRODUCT

  • Global residential induction hobs market by product
  • Global residential built-in induction hobs market
  • Global residential portable induction hobs market

PART 08: REGIONAL LANDSCAPE

  • Global residential induction hobs market by geography
  • Regional comparison
  • EMEA – market size & forecast
  • Americas – market size & forecast
  • APAC – market size & forecast
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increased focus on multiple features and aesthetics
  • Growing demand for energy-efficient cooking appliances
  • Integration of smart connectivity and IoT

PART 12: VENDOR LANDSCAPE

  • Competitive scenario
  • Key competitive strategies
  • Comparative analysis of key vendors

PART 13: VENDOR ANALYSIS

  • Electrolux
  • Haier
  • Panasonic
  • Robert Bosch
  • Whirlpool
  • Other prominent vendors

PART 14: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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