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, 2019-2026
ID:VMR11210004
January 2020
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.X Million Units in 2017 and is expected to reach XX.X Million Units by 2024 with a CAGR of X.X%.
 
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,XXX.X MN (by revenue) in 2019 and is anticipated to reach USD XX,XXX MN by 2026 with a CAGR of X.X%. By volume, the market was estimated at XX.X Million Units in 2019 and is expected to reach XX.X Million Units by 2026 with a CAGR of X.X%.
 
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 Market Share 2019
 
Induction Cooktop Market By Product
 
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.
 
Europe Induction Cooktop Market By Revenue (USD MN)
 
Europe Induction Cooktop Market By Revenue
 
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 Induction Cooktop Market
       2.2. Global Induction Cooktop Market Snapshot
 
3 . INDUCTION COOKTOP – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Induction Cooktop Market
       3.3. Market Restraints of Induction Cooktop Market
       3.4. Opportunities of Induction Cooktop Market
       3.5. Trends of Induction Cooktop Market
       3.6. Porter’s Five Force Analysis of Induction Cooktop Market
       3.7. Induction Cooktop Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Product
           3.7.2 Market Attractive Analysis by Application
           3.7.3 Market Attractive Analysis by Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Induction Cooktop Value Chain Analysis
       4.2. Induction Cooktop Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Induction Cooktop Raw Material Manufactures List
           4.2.3. Price Trend of Induction Cooktop 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 . GLOBAL INDUCTION COOKTOP MARKET ANALYSIS BY PRODUCT
       5.1 Overview by Product
       5.2 Global Induction Cooktop Market Analysis by Product
       5.3 Market Analysis of Built-in (Integrated) by Regions
       5.4 Market Analysis of Countertop by Regions
 
6 . GLOBAL INDUCTION COOKTOP MARKET ANALYSIS BY APPLICATION
       6.1 Overview by Application
       6.2 Global Induction Cooktop Market Analysis by Application
       6.3 Market Analysis of Direct Sales by Regions
       6.4 Market Analysis of Distribution by Regions
 
7 . GLOBAL INDUCTION COOKTOP MARKET ANALYSIS BY GEOGRAPHY
       7.1. Regional Outlook
       7.2. Introduction
       7.3. North America
           7.3.1. Overview
           7.3.2. North America Induction Cooktop Market Estimate by Market Segment
           7.3.3. North America Induction Cooktop Market Estimate by Country
           7.3.4. United State
           7.3.5. Rest of North America
       7.4. Europe
           7.4.1. Overview
           7.4.2. Europe Induction Cooktop Market Estimate by Market Segment
           7.4.3. Europe Induction Cooktop Market Estimate by Country
           7.4.4. United Kingdom
           7.4.5. France
           7.4.6. Germany
           7.4.7 Rest of Europe
       7.5. Asia Pacific
           7.5.1. Overview
           7.5.2. Asia Pacific Induction Cooktop Market Estimate by Market Segment
           7.5.3. Asia Pacific Induction Cooktop Market Estimate by Country
           7.5.4. China
           7.5.5. Japan
           7.5.6. India
           7.5.7. Rest of Asia Pacific
       7.6. Latin America
           7.6.1. Overview
           7.6.2. Latin America Induction Cooktop Market Estimate by Market Segment
           7.6.3. Latin America Induction Cooktop Market Estimate by Country
           7.6.4. Brazil
           7.6.5. Rest of Latin America
       7.7. Middle East & Africa
           7.7.1. Overview
           7.7.2. Middle East & Africa Induction Cooktop Market Estimate by Market Segment
           7.7.3. Middle East & Africa Induction Cooktop Market Estimate by Country
           7.7.4. Middle East
           7.7.5. Africa
 
8 . COMPETITIVE LANDSCAPE OF THE INDUCTION COOKTOP COMPANIES
       8.1. Induction Cooktop Market Competition
       8.2. Partnership/Collaboration/Agreement
       8.3. Merger And Acquisitions
       8.4. New Product Launch
       8.5. Other Developments
 
9 . COMPANY PROFILES OF INDUCTION COOKTOP INDUSTRY
       9.1. Company Share Analysis
       9.2. Market Concentration Rate
       9.3. Midea
           9.3.1. Company Overview
           9.3.2. Financials
           9.3.3. Products
           9.3.4. Recent Developments
       9.4. Philips
           9.4.1. Company Overview
           9.4.2. Financials
           9.4.3. Products
           9.4.4. Recent Developments
       9.5. Panasonic
           9.5.1. Company Overview
           9.5.2. Financials
           9.5.3. Products
           9.5.4. Recent Developments
       9.6. Haier Group
           9.6.1. Company Overview
           9.6.2. Financials
           9.6.3. Products
           9.6.4. Recent Developments
       9.7. AB Electrolux
           9.7.1. Company Overview
           9.7.2. Financials
           9.7.3. Products
           9.7.4. Recent Developments
       9.8. Whirlpool
           9.8.1. Company Overview
           9.8.2. Financials
           9.8.3. Products
           9.8.4. Recent Developments
       9.9. Supor
           9.9.1. Company Overview
           9.9.2. Financials
           9.9.3. Products
           9.9.4. Recent Developments
       9.10. LG Electronics
           9.10.1. Company Overview
           9.10.2. Financials
           9.10.3. Products
           9.10.4. Recent Developments
       9.11. Bosch
           9.11.1. Company Overview
           9.11.2. Financials
           9.11.3. Products
           9.11.4. Recent Developments
       9.12. Semikron
           9.12.1. Company Overview
           9.12.2. Financials
           9.12.3. Products
           9.12.4. Recent Developments
       9.13. Fisher & Paykel
           9.13.1. Company Overview
           9.13.2. Financials
           9.13.3. Products
           9.13.4. Recent Developments
       9.14. GE
           9.14.1. Company Overview
           9.14.2. Financials
           9.14.3. Products
           9.14.4. Recent Developments
       9.15. Qinxin
           9.15.1. Company Overview
           9.15.2. Financials
           9.15.3. Products
           9.15.4. Recent Developments
       9.16. Others
           9.16.1. Company Overview
           9.16.2. Financials
           9.16.3. Products
           9.16.4. 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

  •  Global Induction Cooktop Market Snapshot
  •  Drivers of The Global Induction Cooktop Market Impact Analysis
  •  Restraints of The Global Induction Cooktop Market Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  Global Induction Cooktop Market Analysis by Product (Units)
  •  Global Induction Cooktop Market Analysis by Product (USD MN)
  •  Global Induction Cooktop Market Analysis in Built-in (Integrated) by Geography (Units)
  •  Global Induction Cooktop Market Analysis in Built-in (Integrated) by Geography (USD MN)
  •  Global Induction Cooktop Market Analysis in Countertop by Geography (Units)
  •  Global Induction Cooktop Market Analysis in Countertop by Geography (USD MN)
  •  Global Induction Cooktop Market Analysis by Application (Units)
  •  Global Induction Cooktop Market Analysis by Application (USD MN)
  •  Global Induction Cooktop Market Analysis in Direct Sales by Geography (Units)
  •  Global Induction Cooktop Market Analysis in Direct Sales by Geography (USD MN)
  •  Global Induction Cooktop Market Analysis in Distribution by Geography (Units)
  •  Global Induction Cooktop Market Analysis in Distribution by Geography (USD MN)
  •  Global Induction Cooktop Market by Geography (Units)
  •  Global Induction Cooktop Market by Geography (USD MN)
  •  North America Induction Cooktop Market Analysis by Product (Units)
  •  North America Induction Cooktop Market Analysis by Product (USD MN)
  •  North America Induction Cooktop Market Estimate by Application (Units)
  •  North America Induction Cooktop Market Estimate by Application (USD MN)
  •  North America Induction Cooktop Market Estimate by Country (Units)
  •  North America Induction Cooktop Market Estimate by Country (USD MN)
  •  United State Induction Cooktop Market Analysis by Product (Units)
  •  United State Induction Cooktop Market Analysis by Product (USD MN)
  •  United State Induction Cooktop Market Estimate by Application (Units)
  •  United State Induction Cooktop Market Estimate by Application (USD MN)
  •  Rest of North America Induction Cooktop Market Analysis by Product (Units)
  •  Rest of North America Induction Cooktop Market Analysis by Product (USD MN)
  •  Rest of North America Induction Cooktop Market Estimate by Application (Units)
  •  Rest of North America Induction Cooktop Market Estimate by Application (USD MN)
  •  Europe Induction Cooktop Market Analysis by Product (Units)
  •  Europe Induction Cooktop Market Analysis by Product (USD MN)
  •  Europe Induction Cooktop Market Estimate by Application (Units)
  •  Europe Induction Cooktop Market Estimate by Application (USD MN)
  •  Europe Induction Cooktop Market Estimate by Country (Units)
  •  Europe Induction Cooktop Market Estimate by Country (USD MN)
  •  United Kingdom Induction Cooktop Market Analysis by Product (Units)
  •  United Kingdom Induction Cooktop Market Analysis by Product (USD MN)
  •  United Kingdom Induction Cooktop Market Estimate by Application (Units)
  •  United Kingdom Induction Cooktop Market Estimate by Application (USD MN)
  •  France Induction Cooktop Market Analysis by Product (Units)
  •  France Induction Cooktop Market Analysis by Product (USD MN)
  •  France Induction Cooktop Market Estimate by Application (Units)
  •  France Induction Cooktop Market Estimate by Application (USD MN)
  •  Germany Induction Cooktop Market Analysis by Product (Units)
  •  Germany Induction Cooktop Market Analysis by Product (USD MN)
  •  Germany Induction Cooktop Market Estimate by Application (Units)
  •  Germany Induction Cooktop Market Estimate by Application (USD MN)
  •  Rest of Europe Induction Cooktop Market Analysis by Product (Units)
  •  Rest of Europe Induction Cooktop Market Analysis by Product (USD MN)
  •  Rest of Europe Induction Cooktop Market Estimate by Application (Units)
  •  Rest of Europe Induction Cooktop Market Estimate by Application (USD MN)
  •  Asia Pacific Induction Cooktop Market Analysis by Product (Units)
  •  Asia Pacific Induction Cooktop Market Analysis by Product (USD MN)
  •  Asia Pacific Induction Cooktop Market Estimate by Application (Units)
  •  Asia Pacific Induction Cooktop Market Estimate by Application (USD MN)
  •  Asia Pacific Induction Cooktop Market Estimate by Country (Units)
  •  Asia Pacific Induction Cooktop Market Estimate by Country (USD MN)
  •  China Induction Cooktop Market Analysis by Product (Units)
  •  China Induction Cooktop Market Analysis by Product (USD MN)
  •  China Induction Cooktop Market Estimate by Application (Units)
  •  China Induction Cooktop Market Estimate by Application (USD MN)
  •  Japan Induction Cooktop Market Analysis by Product (Units)
  •  Japan Induction Cooktop Market Analysis by Product (USD MN)
  •  Japan Induction Cooktop Market Estimate by Application (Units)
  •  Japan Induction Cooktop Market Estimate by Application (USD MN)
  •  India Induction Cooktop Market Analysis by Product (Units)
  •  India Induction Cooktop Market Analysis by Product (USD MN)
  •  India Induction Cooktop Market Estimate by Application (Units)
  •  India Induction Cooktop Market Estimate by Application (USD MN)
  •  Rest of Asia Pacific Induction Cooktop Market Analysis by Product (Units)
  •  Rest of Asia Pacific Induction Cooktop Market Analysis by Product (USD MN)
  •  Rest of Asia Pacific Induction Cooktop Market Estimate by Application (Units)
  •  Rest of Asia Pacific Induction Cooktop Market Estimate by Application (USD MN)
  •  Latin America Induction Cooktop Market Analysis by Product (Units)
  •  Latin America Induction Cooktop Market Analysis by Product (USD MN)
  •  Latin America Induction Cooktop Market Estimate by Application (Units)
  •  Latin America Induction Cooktop Market Estimate by Application (USD MN)
  •  Latin America Induction Cooktop Market Estimate by Country (Units)
  •  Latin America Induction Cooktop Market Estimate by Country (USD MN)
  •  Brazil Induction Cooktop Market Analysis by Product (Units)
  •  Brazil Induction Cooktop Market Analysis by Product (USD MN)
  •  Brazil Induction Cooktop Market Estimate by Application (Units)
  •  Brazil Induction Cooktop Market Estimate by Application (USD MN)
  •  Rest of Latin America Induction Cooktop Market Analysis by Product (Units)
  •  Rest of Latin America Induction Cooktop Market Analysis by Product (USD MN)
  •  Rest of Latin America Induction Cooktop Market Estimate by Application (Units)
  •  Rest of Latin America Induction Cooktop Market Estimate by Application (USD MN)
  •  Middle East & Africa Induction Cooktop Market Analysis by Product (Units)
  •  Middle East & Africa Induction Cooktop Market Analysis by Product (USD MN)
  •  Middle East & Africa Induction Cooktop Market Estimate by Application (Units)
  •  Middle East & Africa Induction Cooktop Market Estimate by Application (USD MN)
  •  Middle East & Africa Induction Cooktop Market Estimate by Country (Units)
  •  Middle East & Africa Induction Cooktop Market Estimate by Country (USD MN)
  •  Middle East Induction Cooktop Market Analysis by Product (Units)
  •  Middle East Induction Cooktop Market Analysis by Product (USD MN)
  •  Middle East Induction Cooktop Market Estimate by Application (Units)
  •  Middle East Induction Cooktop Market Estimate by Application (USD MN)
  •  Africa Induction Cooktop Market Analysis by Product (Units)
  •  Africa Induction Cooktop Market Analysis by Product (USD MN)
  •  Africa Induction Cooktop Market Estimate by Application (Units)
  •  Africa Induction Cooktop Market Estimate by Application (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 (2019)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Product
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Induction Cooktop Market Analysis by Product
  •  Global Induction Cooktop Market Analysis in Built-in (Integrated) by Region
  •  Global Induction Cooktop Market Analysis in Countertop by Region
  •  Global Induction Cooktop Market Analysis by Application
  •  Global Induction Cooktop Market Analysis in Direct Sales by Region
  •  Global Induction Cooktop Market Analysis in Distribution by Region
  •  Global Induction Cooktop Market by Volume And Revenue
  •  North America Induction Cooktop Market by Volume And Revenue
  •  Europe Induction Cooktop Market by Volume And Revenue
  •  Asia Pacific Induction Cooktop Market by Volume And Revenue
  •  Latin America Induction Cooktop Market by Volume And Revenue
  •  Middle East & Africa Induction Cooktop Market by Volume And Revenue
  •  Recent Development in Induction Cooktop Industry
  •  Company Market Share Analysis, 2019
 
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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