Global Induction Cooktop Market Report By Product (Built-in (Integrated), Countertop), Application (Direct Sales, Distribution) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2020-2027

ID:VMR11210004
April 2021
Report Formats:

Growing awareness among people about the kitchen appliances which are energy efficient along with advanced safety features is the major factor driving the growth of induction cooktops market. Ongoing urbanization worldwide and growing awareness among people to choose energy efficient kitchen appliances with advanced features are also expected to stimulate the market growth of induction cooktops. Also, the rising adoption of innovative smart kitchen appliances has been a great success in gaining consumer’s attention across the globe. 

As per this study the Global Induction Cooktop Market was valued USD 10,183.4 MN (by revenue) in 2017 and is anticipated to reach USD 15,030 MN by 2024 with a CAGR of 6.0%. By volume, the market was estimated at XX Million Units in 2017 and is expected to reach XX Million Units by 2024 with a CAGR of XX%.
 
BUILT-IN INDUCTION COOKTOP TO LEAD THE SEGMENT
Owing to their various advanced features offered built-in induction cooktop is likely to dominate the segment and are expected to bring USD XX.X MN by end of 2024. The built-in induction is a stylish and sleek cooktop comes with 4 cooking zones, temperature control, smart slide, along with the child lock safety system. It allows safe & fast cooking, also it is designed to suit the Indian cooking style which is gaining hype in the market.
 
DISTRIBUTION SEGMENT TO GAIN THE TRACTION
Expansion of various distribution channel around the world such as a retailer, malls, kitchen appliances shops, and especially online shopping is the major factor driving the growth of the segment. The segment is projected to touch USD XX.X MN by 2024.
 
EUROPE HOLDS MAJOR MARKET SHARE IN THE GLOBAL INDUCTION COOKTOPS MARKET
Europe is expected to continue its dominance over the forecast period and it is estimated that it will bring nearly USD XX.X MN by end of 2024. The growth is mainly attributed to the rising adoption of innovative smart kitchen appliances. Also, owing to the rising prices of conventional cooking fuel, people are choosing induction cooktops as an alternative option in the region is again fueling the market growth.
 
MAJOR PLAYERS IN THE MARKET:
LG Electronics, Panasonic, Philips, Midea, Haier Group, AB Electrolux, Whirlpool, Supor, Bosch, Semikron, Fisher & Paykel, GE, Qinxin, and Others.

As per this study the Global Induction Cooktop Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated at XX Million Units in 2021 and is expected to reach XX Million Units by 2027 with a CAGR of XX%.
 
Induction cooktops also known as induction hobs, are one of the classy technological innovations that work on electricity and facilitate very safe, easy and effortless cooking. Induction cooktop encompasses a heating process that applies electromagnetic fields to heat the cookware instead of the heating element itself. The electromagnetic field generates a quick flow of electricity directly to a pan or pot. Induction cooker comprises an induction coil that offers high frequency and a powerful electromagnet. Moreover, induction cooking offers significant advantages over thermal conduction cooking which includes faster heating, improved thermal efficiency, and more consistent heating with more precise temperature control.
 
Market Dynamics
 
Growing acceptance of energy efficient kitchen appliances especially in the developing nations is a major factor driving the market growth for induction cooktops. The prominence of flame-less and temperature controlled cooking has increased in commercial kitchen facilities such as hotels, restaurants, and others are also boosting the market growth. Emerging technologies, the rise in disposable income, rising fuel cost for conventional cooktops is expected to further drive the market demand. However, the high initial cost is expected to be one of the most important factors limiting the growth of induction cooktop. Moreover, lack of awareness and low penetration of electricity in emerging and underdeveloped economies is hampering the growth of induction cooktops.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of induction cooktop.
 
Market Segmentation
 
The broad induction cooktop market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
  
By Product
  • Built-in (Integrated)
  • Countertop
 
By Application
  • Direct Sales
  • Distribution
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for induction cooktop in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Global Induction Cooktop Market Share by Region (Representative Graph) 

Global Induction Cooktop Market Share
 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the induction cooktop market includes Midea, Philips, Panasonic, Haier Group, AB Electrolux, Whirlpool, Supor, LG Electronics, Bosch, Semikron, Fisher & Paykel, GE, Qinxin, and Others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand. 

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . INDUCTION COOKTOP – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Product
           3.7.2 By Application
           3.7.3 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL INDUCTION COOKTOP MARKET ANALYSIS BY PRODUCT
       6.1 Overview by Product
       6.2 Historical and Forecast Data
       6.3 Analysis by Product
       6.4 Built-in (Integrated) Market by Regions
       6.5 Countertop Market by Regions
 
7 . GLOBAL INDUCTION COOKTOP MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Direct Sales Market by Regions
       7.5 Distribution Market by Regions
 
8 . GLOBAL INDUCTION COOKTOP MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
 
9 . COMPETITIVE LANDSCAPE OF THE INDUCTION COOKTOP COMPANIES
       9.1. Induction Cooktop Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF INDUCTION COOKTOP INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Midea
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Philips
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Panasonic
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Haier Group
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. AB Electrolux
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Whirlpool
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Supor
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. LG Electronics
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. Bosch
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. Semikron
           10.12.1. Company Overview
           10.12.2. Financials
           10.12.3. Products
           10.12.4. Recent Developments
       10.13. Fisher & Paykel
           10.13.1. Company Overview
           10.13.2. Financials
           10.13.3. Products
           10.13.4. Recent Developments
       10.14. GE
           10.14.1. Company Overview
           10.14.2. Financials
           10.14.3. Products
           10.14.4. Recent Developments
       10.15. Qinxin
           10.15.1. Company Overview
           10.15.2. Financials
           10.15.3. Products
           10.15.4. Recent Developments
       10.16. Others
           10.16.1. Company Overview
           10.16.2. Financials
           10.16.3. Products
           10.16.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
LIST OF TABLES

  • Market Snapshot
  • Drivers : Impact Analysis
  • Restraints : Impact Analysis
  • List of Raw Material
  • List of Raw Material Manufactures
  • List of Potential Buyers
  • COVID-19 Impact Analysis by Production, Import, Export and Demand
  • Pre V/S Post COVID-19
  • Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  • COVID-19: Micro and Macro Factor Analysis
  • Analysis by Product (Million Units and USD MN)
  • Built-in (Integrated) Market by Geography (Million Units and USD MN)
  • Countertop Market by Geography (Million Units and USD MN)
  • Analysis Market by Application (Million Units and USD MN)
  • Direct Sales Market by Geography (Million Units and USD MN)
  • Distribution Market by Geography (Million Units and USD MN)
  • Global Induction Cooktop Market by Geography (Million Units and USD MN)
  • North America Market Analysis (Million Units and USD MN)
  • United State Market Analysis (Million Units and USD MN)
  • Canada Market Analysis (Million Units and USD MN)
  • Mexico Market Analysis (Million Units and USD MN)
  • Europe Market Analysis (Million Units and USD MN)
  • Europe Market Estimate by Country (Million Units and USD MN)
  • United Kingdom Market Analysis (Million Units and USD MN)
  • France Market Analysis (Million Units and USD MN)
  • Germany Market Analysis (Million Units and USD MN)
  • Italy Market Analysis (Million Units and USD MN)
  • Russia Market Analysis (Million Units and USD MN)
  • Spain Market Analysis (Million Units and USD MN)
  • Rest of Europe Market Analysis (Million Units and USD MN)
  • Asia Pacific Market Analysis (Million Units and USD MN)
  • China Market Analysis (Million Units and USD MN)
  • Japan Market Analysis (Million Units and USD MN)
  • India Market Analysis (Million Units and USD MN)
  • South Korea Market Analysis (Million Units and USD MN)
  • Australia Market Analysis (Million Units and USD MN)
  • Rest of Asia Pacific Market Analysis (Million Units and USD MN)
  • Latin America Market Analysis (Million Units and USD MN)
  • Brazil Market Analysis (Million Units and USD MN)
  • Argentina Market Analysis (Million Units and USD MN)
  • Peru Market Analysis (Million Units and USD MN)
  • Chile Market Analysis (Million Units and USD MN)
  • Rest of Latin America Market Analysis (Million Units and USD MN)
  • Middle East & Africa Market Analysis (Million Units and USD MN)
  • Saudi Arabia Market Analysis (Million Units and USD MN)
  • UAE Market Analysis (Million Units and USD MN)
  • Israel Market Analysis (Million Units and USD MN)
  • South Africa Market Analysis (Million Units and USD MN)
  • Rest of Middle East and Africa Market Analysis (Million Units and USD MN)
  • Partnership/Collaboration/Agreement
  • Mergers And Acquisiton
 
LIST OF FIGURES
 
  • Research Scope of Induction Cooktop Report
  • Market Research Process
  • Market Research Methodology
  • Global Induction Cooktop Market Size, by Region (Million Units and USD MN)
  • Porters Five Forces Analysis
  • Market Attractiveness Analysis by Product
  • Market Attractiveness Analysis by Application
  • Market Attractiveness Analysis by Region
  • Value Chain Analysis
  • Global Market Analysis by Product (Million Units and USD MN)
  • Built-in (Integrated) Market by Geography (Million Units and USD MN)
  • Countertop Market by Geography (Million Units and USD MN)
  • Global Market Analysis by Application (Million Units and USD MN)
  • Direct Sales Market by Geography (Million Units and USD MN)
  • Distribution Market by Geography (Million Units and USD MN)
  • Global Market by Revenue
  • North America Market by Revenue
  • Europe Market by Revenue
  • Asia Pacific Market by Revenue
  • Latin America Market by Revenue
  • Middle East & Africa Market by Revenue
  • Recent Development in Industry
  • Company Market Share Analysis, 2020
 
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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