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, 2017-2024
ID:VMR11210004
April 2018
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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 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%.
 
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.
 
Objectives of the Study:

  • Define and measure the global induction cooktop market
  • Volume and revenue forecast of the global induction cooktop 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
 
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 2017
 
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. INTRODUCTION

  • Introduction To Induction Cooktop
  • Report Description
    • Objectives Of The Study
    • Assumptions
  • Research Scope
  • Research Methodology
    • Data Source
 
2. EXECUTIVE SUMMARY
  • Market Highlight
  • Global Induction Cooktop Market: Snapshot
 
3. MARKET ANALYSIS
  • Drivers
  • Restraints
  • Opportunities
  • Porter’s Five Forces Analysis
  • Value Chain Analysis
 
4. INDUCTION COOKTOP MARKET ANALYSIS BY PRODUCT
  • Market In Built-in (Integrated)
  • Market In Market In Countertop
 
5. INDUCTION COOKTOP MARKET ANALYSIS BY APPLICATION
  • Market In Direct Sales
  • Market In Market In Distribution
 
6. INDUCTION COOKTOP MARKET ANALYSIS BY GEOGRAPHY
  • North America (NA)
    • North America Market Estimates
    • North America Market Estimates By Country
    • United States (U.S.) Market Estimates By Segments
    • Canada Market Estimates By Segments
    • Mexico Market Estimates By Segments
  • Europe (EU)
    • Europe Market Estimates
    • Europe Market Estimates By Country
    • United Kingdom (UK) Market Estimates By Segments
    • Germany Market Estimates By Segments
    • France Market Estimates By Segments
    • Rest Of Europe Market Estimates By Segments
  • Asia Pacific (APAC)
    • Asia Pacific Market Estimates
    • Asia Pacific Market Estimates By Country  
    • China Market Estimates By Segments
    • Japan Market Estimates By Segments
    • India Market Estimates By Segments
    • Rest Of Asia Pacific Market Estimates By Segments  
  • Latin America (LA)   
    • Latin America Market Estimates
    • Latin America Market Estimates By Country
    • Brazil Market Estimates By Segments
    • Rest Of Latin America Market Estimates By Segments
  • Middle East And Africa (MEA)   
    • Middle East And Africa Market Estimates
    • Middle East And Africa Market Estimates By Country
    • Middle East Market Estimates By Segments
    • Africa Market Estimates By Segments
 
7. COMPETITIVE LANDSCAPE OF THE INDUCTION COOKTOP COMPANIES
  • Market Competition
  • Partnerships/Collaborations/Agreements
  • Mergers And Acquisitions
  • New Product Launches
  • Other Developments
 
8. COMPANY PROFILES OF THE INDUCTION COOKTOP INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
  • Midea
  • Philips
  • Panasonic
  • Haier Group
  • AB Electrolux
  • Whirlpool
  • Supor
  • LG Electronics
  • Bosch
  • Semikron
  • Fisher & Paykel
  • GE
  • Qinxin
  • Others
 
* Tentative TOC
 
LIST OF TABLES
 
Table 1.  Market Highlights Of Induction Cooktop
Table 2.  Global Induction Cooktop Market By Product
Table 3.  Global Induction Cooktop Market By Application
Table 4.  Global Induction Cooktop Market By Geography
Table 5.  North America Induction Cooktop Market
Table 6.  Europe Induction Cooktop Market
Table 7.  Asia Pacific Induction Cooktop Market
Table 8.  Latin America Induction Cooktop Market
Table 9.  Middle East And Africa Induction Cooktop Market 
Table 10. Partnership/Collaboration/Agreements
Table 11. Mergers And Acquisitions
Table 12. New Product Development
Table 13. Other Developments
  
LIST OF FIGURES
 
Fig. 1.     Market Segmentation Of Induction Cooktop Market 
Fig. 2.     Top-Down Approach   
Fig. 3.     Bottom-Up Approach   
Fig. 4.     Market Highlights Of Induction Cooktop
Fig. 5.     Value Chain Analysis
Fig. 6.     Porter’s Five Forces Analysis
Fig. 7.     Global Induction Cooktop Market By Product
Fig. 8.     Global Induction Cooktop Market By Application
Fig. 9.     Global Induction Cooktop Market By Geography
Fig. 10.   North America Induction Cooktop Market
Fig. 11.   Europe Induction Cooktop Market
Fig. 12.   Asia Pacific Induction Cooktop Market
Fig. 13.   Latin America Induction Cooktop Market
Fig. 14.   Middle East And Africa Induction Cooktop Market
Fig. 15.   Market Share Of Induction Cooktop Companies
Fig. 16.   Recent Developments In Induction Cooktop Industry
 
 
* 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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