Global Residential Hobs Market Report By Product Type (Induction, Gas, Mix), By Size (2 Burner, 3 Burner, 4 Burner, 5 Burner) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2022-2030
The global demand for Residential Hobs Market is presumed to reach the market size of nearly USD 28.93 BN by 2030 from USD 15.06 BN in 2022 with a CAGR of 8.5% under the study period 2023 - 2030.
Residential hobs, also known as cooktops or stovetops, are kitchen appliances designed for cooking food by providing heat to pots and pans placed on their surface. They are a common and essential feature of home kitchens and come in various types and styles. These hobs are typically separate appliances from ovens, although some kitchen ranges integrate both the hob and oven into a single unit.
The residential hobs market is thriving due to a convergence of factors driven by consumer preferences, technological advancements, and changing lifestyles. The demand for hobs is closely linked to kitchen renovations, new home constructions, and the real estate market's health. A significant driver is the increasing interest in home cooking, as more people seek healthier eating habits and culinary experimentation, necessitating high-quality hobs with versatile cooking options. Efficiency and precision in cooking are paramount, and technological advancements, particularly in induction hobs, are meeting these demands. Aesthetics play a vital role, as consumers seek jobs that not only perform well but also seamlessly integrate with modern kitchen designs. The rise of smart kitchen appliances with features like touch controls, Wi-Fi connectivity, and compatibility with digital assistants is attracting tech-savvy consumers. Safety, energy efficiency, and sustainability concerns have led to the development of safer, more environmentally friendly hobs. Compact and space-saving solutions are essential in smaller living spaces, making versatile and efficient hobs in high demand. Economic stability, demographic shifts, and urbanization trends also influence the market as consumers seek convenient, time-saving cooking solutions. As consumers replace older hobs with newer, more advanced models and manufacturers continue to innovate, the residential hobs market is expected to remain robust and dynamic.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of residential hobs. The growth and trends of residential hobs industry provide a holistic approach to this study.
This section of the residential hobs market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
This section covers the regional outlook, which accentuates current and future demand for the Residential Hobs market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Residential Hobs Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Residential Hobs market include Electrolux AB, Elica, Whirlpool, LG Electronics, Bertazzoni, Bosch Limited, Faber, ROBAM Appliances Limited, Glen, KAFF. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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1 . PREFACE
1.1. Report Description
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 . RESIDENTIAL HOBS – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Product Type
3.7.2 Market Attractiveness Analysis By Size
3.7.3 Market Attractiveness Analysis 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 . GLOBAL RESIDENTIAL HOBS MARKET ANALYSIS BY PRODUCT TYPE
5.1 Overview by Product Type
5.2 Historical and Forecast Data
5.3 Analysis by Product Type
5.4 Induction Historic and Forecast Sales by Regions
5.5 Gas Historic and Forecast Sales by Regions
5.6 Mix Historic and Forecast Sales by Regions
6 . GLOBAL RESIDENTIAL HOBS MARKET ANALYSIS BY SIZE
6.1 Overview by Size
6.2 Historical and Forecast Data
6.3 Analysis by Size
6.4 2 Burner Historic and Forecast Sales by Regions
6.5 3 Burner Historic and Forecast Sales by Regions
6.6 4 Burner Historic and Forecast Sales by Regions
6.7 5 Burner Historic and Forecast Sales by Regions
7 . GLOBAL RESIDENTIAL HOBS MARKET ANALYSIS BY GEOGRAPHY
Frequently Asked Questions (FAQs) about this Report
The Global Residential Hobs Market size was worth USD 15.06 Billion in 2022.
For the years 2023-2030, the Global Residential Hobs Market growth is expected to be around 8.5%.
The Global Residential Hobs Market is currently dominated by North America.
The Global Residential Hobs Market is segmented by Product Type (Induction, Gas, Mix), by Size (2 Burner, 3 Burner, 4 Burner, 5 Burner).
The leading players in the Global Residential Hobs Market are Electrolux AB, Elica, Whirlpool, LG Electronics, Bertazzoni, Bosch Limited, Faber, ROBAM Appliances Limited, Glen, KAFF.