The Global Induction Cookware Market size is expected to reach $4 billion by 2030, rising at a market growth of 7.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 32,434.9 thousand units, experiencing a growth of 7.0% (2019-2022).
As environmental consciousness grows, consumers in Europe are increasingly drawn to induction cookware for its energy-efficient characteristics. Thus, the Europe region acquired 35.8% revenue share in the market 2022. With higher disposable income, European consumers are more likely to upgrade their kitchen appliances. Consumers with higher disposable incomes value time and convenience, making induction cookware an attractive option.
Personalization in design is a significant factor driving the market. Consumers have varied tastes in kitchen aesthetics, and the ability to choose designs, patterns, and colors in this allows them to match their kitchen decor. This customization contributes to a cohesive and personalized kitchen environment.
Additionally, Higher disposable income enables consumers to consider appliance bundling or kitchen packages that include it alongside other modern kitchen appliances. Manufacturers can collaborate with retailers to create bundled offerings, making it convenient for consumers to acquire a complete set of appliances. Hence, higher level of disposable income has been a pivotal factor in driving the growth of the induction cookware market.
However, the primary concern for consumers is the affordability of it. Compared to traditional cooking appliances, the initial cost of purchasing induction-compatible cookware and cooktops is often higher. This can be a barrier for individuals and households with budget constraints. Thus, high initial cost can slow down the growth of the market.
By Application Analysis
On the basis of application, the market is divided into residential and commercial. The commercial segment garnered 28.8% revenue share in the market in 2022. Induction cookware generates less ambient heat in the kitchen than traditional cooking methods.
By Product Analysis
By product, the market is categorized into pans, pots, and others. In 2022, the pans segment held 51.8%revenue share in the market. In terms of volume the pan segment registered 17,915.5 thousand units in 2022. Induction pans are specifically designed with materials that are compatible with induction cooktops.
By Material Analysis
Based on material, the market is classified into stainless steel, cast iron, carbon steel, and others. The cast iron segment acquired 27.5% revenue share in the market in 2022. Cast iron is renowned for its exceptional heat retention and even heat distribution. When used in induction.
By Distribution Channel Analysis
By distribution channel, the market is segmented into supermarkets/ hypermarkets, specialty stores, online, and others. In 2022, the supermarkets/ hypermarkets segment registered 40.2% revenue share in the market. Supermarkets/hypermarkets offer various its products, including pots, pans, sets, and specialized appliances.
By Regional Analysis
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region acquired 29.2% revenue share in the market. The Asia Pacific region has experienced rapid urbanization, leading to smaller living spaces and an increased demand for space-efficient and modern kitchen solutions.
Recent Strategies Deployed in the Market
- Feb-2024: TTK Prestige Limited introduced the "Ceraglide Ceramic Cookware range". The cookware collection comprises a diverse range of items, including the Saucepan with a glass lid, Fry Pan, Wok, Omni Tawa, Casserole with a glass lid, and Deep Kadai with a glass lid.
- Feb-2024: Whirlpool Corporation came into partnership with BORA, an appliance manufacturing company. Through this partnership, Whirlpool Corporation would elevate its JennAir and KitchenAid appliances by introducing innovative induction downdraft technology.
- Sep-2022: Groupe SEB introduced "Recycle with Tefal Cookware". The product provides a sustainable and eco-friendly option for consumers, ensuring both cooking excellence and durability while promoting environmental responsibility.
- May-2021: Meyer Corporation, U.S. introduced "Anolon(R)X cookware". This product is designed to enhance the flavor profile of every culinary creation.
- Jul-2020: Groupe SEB took over StoreBound, an appliance, electrical, and electronics manufacturing company. Through this acquisition, Groupe SEB would enhance its products and market portfolio.
List of Key Companies Profiled
- Groupe SEB
- Meyer Corporation, U.S. (Meyer Manufacturing Co. Ltd.)
- Le Creuset France SAS
- Newell Brands, Inc.
- Whirlpool Corporation
- Robert Bosch GmbH
- TTK Prestige Limited
- Wilh. Werhahn KG
- Fissler GmbH
- Tramontina
Global Induction Cookware Market Report Segmentation
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Product (Volume, Thousand Units, USD Billion, 2019-2030)
By Material (Volume, Thousand Units, USD Billion, 2019-2030)
- Stainless Steel
- Cast Iron
- Carbon Steel
- Others
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
- Supermarkets/Hypermarkets
- Specialty Stores
- Online
- Others
By Geography (Volume, Thousand Units, USD Billion, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Induction Cookware Market, by Application
- 1.4.2Global Induction Cookware Market, by Product
- 1.4.3Global Induction Cookware Market, by Material
- 1.4.4Global Induction Cookware Market, by Distribution Channel
- 1.4.5Global Induction Cookware Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Global Induction Cookware Market by Application
- 4.1Global Residential Market by Region
- 4.2Global Commercial Market by Region
Chapter 5.Global Induction Cookware Market by Product
- 5.1Global Pans Market by Region
- 5.2Global Pots Market by Region
- 5.3Global Others Market by Region
Chapter 6.Global Induction Cookware Market by Material
- 6.1Global Stainless Steel Market by Region
- 6.2Global Cast Iron Market by Region
- 6.3Global Carbon Steel Market by Region
- 6.4Global Others Market by Region
Chapter 7.Global Induction Cookware Market by Distribution Channel
- 7.1Global Supermarkets/Hypermarkets Market by Region
- 7.2Global Specialty Stores Market by Region
- 7.3Global Online Market by Region
- 7.4Global Others Market by Region
Chapter 8.Global Induction Cookware Market by Region
- 8.1North America Induction Cookware Market
- 8.1.1North America Induction Cookware Market by Application
- 8.1.1.1North America Residential Market by Region
- 8.1.1.2North America Commercial Market by Region
- 8.1.2North America Induction Cookware Market by Product
- 8.1.2.1North America Pans Market by Country
- 8.1.2.2North America Pots Market by Country
- 8.1.2.3North America Others Market by Country
- 8.1.3North America Induction Cookware Market by Material
- 8.1.3.1North America Stainless Steel Market by Country
- 8.1.3.2North America Cast Iron Market by Country
- 8.1.3.3North America Carbon Steel Market by Country
- 8.1.3.4North America Others Market by Country
- 8.1.4North America Induction Cookware Market by Distribution Channel
- 8.1.4.1North America Supermarkets/Hypermarkets Market by Country
- 8.1.4.2North America Specialty Stores Market by Country
- 8.1.4.3North America Online Market by Country
- 8.1.4.4North America Others Market by Country
- 8.1.5North America Induction Cookware Market by Country
- 8.1.5.1US Induction Cookware Market
- 8.1.5.1.1US Induction Cookware Market by Application
- 8.1.5.1.2US Induction Cookware Market by Product
- 8.1.5.1.3US Induction Cookware Market by Material
- 8.1.5.1.4US Induction Cookware Market by Distribution Channel
- 8.1.5.2Canada Induction Cookware Market
- 8.1.5.2.1Canada Induction Cookware Market by Application
- 8.1.5.2.2Canada Induction Cookware Market by Product
- 8.1.5.2.3Canada Induction Cookware Market by Material
- 8.1.5.2.4Canada Induction Cookware Market by Distribution Channel
- 8.1.5.3Mexico Induction Cookware Market
- 8.1.5.3.1Mexico Induction Cookware Market by Application
- 8.1.5.3.2Mexico Induction Cookware Market by Product
- 8.1.5.3.3Mexico Induction Cookware Market by Material
- 8.1.5.3.4Mexico Induction Cookware Market by Distribution Channel
- 8.1.5.4Rest of North America Induction Cookware Market
- 8.1.5.4.1Rest of North America Induction Cookware Market by Application
- 8.1.5.4.2Rest of North America Induction Cookware Market by Product
- 8.1.5.4.3Rest of North America Induction Cookware Market by Material
- 8.1.5.4.4Rest of North America Induction Cookware Market by Distribution Channel
- 8.2Europe Induction Cookware Market
- 8.2.1Europe Induction Cookware Market by Application
- 8.2.1.1Europe Residential Market by Country
- 8.2.1.2Europe Commercial Market by Country
- 8.2.2Europe Induction Cookware Market by Product
- 8.2.2.1Europe Pans Market by Country
- 8.2.2.2Europe Pots Market by Country
- 8.2.2.3Europe Others Market by Country
- 8.2.3Europe Induction Cookware Market by Material
- 8.2.3.1Europe Stainless Steel Market by Country
- 8.2.3.2Europe Cast Iron Market by Country
- 8.2.3.3Europe Carbon Steel Market by Country
- 8.2.3.4Europe Others Market by Country
- 8.2.4Europe Induction Cookware Market by Distribution Channel
- 8.2.4.1Europe Supermarkets/Hypermarkets Market by Country
- 8.2.4.2Europe Specialty Stores Market by Country
- 8.2.4.3Europe Online Market by Country
- 8.2.4.4Europe Others Market by Country
- 8.2.5Europe Induction Cookware Market by Country
- 8.2.5.1Germany Induction Cookware Market
- 8.2.5.1.1Germany Induction Cookware Market by Application
- 8.2.5.1.2Germany Induction Cookware Market by Product
- 8.2.5.1.3Germany Induction Cookware Market by Material
- 8.2.5.1.4Germany Induction Cookware Market by Distribution Channel
- 8.2.5.2UK Induction Cookware Market
- 8.2.5.2.1UK Induction Cookware Market by Application
- 8.2.5.2.2UK Induction Cookware Market by Product
- 8.2.5.2.3UK Induction Cookware Market by Material
- 8.2.5.2.4UK Induction Cookware Market by Distribution Channel
- 8.2.5.3France Induction Cookware Market
- 8.2.5.3.1France Induction Cookware Market by Application
- 8.2.5.3.2France Induction Cookware Market by Product
- 8.2.5.3.3France Induction Cookware Market by Material
- 8.2.5.3.4France Induction Cookware Market by Distribution Channel
- 8.2.5.4Russia Induction Cookware Market
- 8.2.5.4.1Russia Induction Cookware Market by Application
- 8.2.5.4.2Russia Induction Cookware Market by Product
- 8.2.5.4.3Russia Induction Cookware Market by Material
- 8.2.5.4.4Russia Induction Cookware Market by Distribution Channel
- 8.2.5.5Spain Induction Cookware Market
- 8.2.5.5.1Spain Induction Cookware Market by Application
- 8.2.5.5.2Spain Induction Cookware Market by Product
- 8.2.5.5.3Spain Induction Cookware Market by Material
- 8.2.5.5.4Spain Induction Cookware Market by Distribution Channel
- 8.2.5.6Italy Induction Cookware Market
- 8.2.5.6.1Italy Induction Cookware Market by Application
- 8.2.5.6.2Italy Induction Cookware Market by Product
- 8.2.5.6.3Italy Induction Cookware Market by Material
- 8.2.5.6.4Italy Induction Cookware Market by Distribution Channel
- 8.2.5.7Rest of Europe Induction Cookware Market
- 8.2.5.7.1Rest of Europe Induction Cookware Market by Application
- 8.2.5.7.2Rest of Europe Induction Cookware Market by Product
- 8.2.5.7.3Rest of Europe Induction Cookware Market by Material
- 8.2.5.7.4Rest of Europe Induction Cookware Market by Distribution Channel
- 8.3Asia Pacific Induction Cookware Market
- 8.3.1Asia Pacific Induction Cookware Market by Application
- 8.3.1.1Asia Pacific Residential Market by Country
- 8.3.1.2Asia Pacific Commercial Market by Country
- 8.3.2Asia Pacific Induction Cookware Market by Product
- 8.3.2.1Asia Pacific Pans Market by Country
- 8.3.2.2Asia Pacific Pots Market by Country
- 8.3.2.3Asia Pacific Others Market by Country
- 8.3.3Asia Pacific Induction Cookware Market by Material
- 8.3.3.1Asia Pacific Stainless Steel Market by Country
- 8.3.3.2Asia Pacific Cast Iron Market by Country
- 8.3.3.3Asia Pacific Carbon Steel Market by Country
- 8.3.3.4Asia Pacific Others Market by Country
- 8.3.4Asia Pacific Induction Cookware Market by Distribution Channel
- 8.3.4.1Asia Pacific Supermarkets/Hypermarkets Market by Country
- 8.3.4.2Asia Pacific Specialty Stores Market by Country
- 8.3.4.3Asia Pacific Online Market by Country
- 8.3.4.4Asia Pacific Others Market by Country
- 8.3.5Asia Pacific Induction Cookware Market by Country
- 8.3.5.1China Induction Cookware Market
- 8.3.5.1.1China Induction Cookware Market by Application
- 8.3.5.1.2China Induction Cookware Market by Product
- 8.3.5.1.3China Induction Cookware Market by Material
- 8.3.5.1.4China Induction Cookware Market by Distribution Channel
- 8.3.5.2Japan Induction Cookware Market
- 8.3.5.2.1Japan Induction Cookware Market by Application
- 8.3.5.2.2Japan Induction Cookware Market by Product
- 8.3.5.2.3Japan Induction Cookware Market by Material
- 8.3.5.2.4Japan Induction Cookware Market by Distribution Channel
- 8.3.5.3India Induction Cookware Market
- 8.3.5.3.1India Induction Cookware Market by Application
- 8.3.5.3.2India Induction Cookware Market by Product
- 8.3.5.3.3India Induction Cookware Market by Material
- 8.3.5.3.4India Induction Cookware Market by Distribution Channel
- 8.3.5.4South Korea Induction Cookware Market
- 8.3.5.4.1South Korea Induction Cookware Market by Application
- 8.3.5.4.2South Korea Induction Cookware Market by Product
- 8.3.5.4.3South Korea Induction Cookware Market by Material
- 8.3.5.4.4South Korea Induction Cookware Market by Distribution Channel
- 8.3.5.5Australia Induction Cookware Market
- 8.3.5.5.1Australia Induction Cookware Market by Application
- 8.3.5.5.2Australia Induction Cookware Market by Product
- 8.3.5.5.3Australia Induction Cookware Market by Material
- 8.3.5.5.4Australia Induction Cookware Market by Distribution Channel
- 8.3.5.6Malaysia Induction Cookware Market
- 8.3.5.6.1Malaysia Induction Cookware Market by Application
- 8.3.5.6.2Malaysia Induction Cookware Market by Product
- 8.3.5.6.3Malaysia Induction Cookware Market by Material
- 8.3.5.6.4Malaysia Induction Cookware Market by Distribution Channel
- 8.3.5.7Rest of Asia Pacific Induction Cookware Market
- 8.3.5.7.1Rest of Asia Pacific Induction Cookware Market by Application
- 8.3.5.7.2Rest of Asia Pacific Induction Cookware Market by Product
- 8.3.5.7.3Rest of Asia Pacific Induction Cookware Market by Material
- 8.3.5.7.4Rest of Asia Pacific Induction Cookware Market by Distribution Channel
- 8.4LAMEA Induction Cookware Market
- 8.4.1LAMEA Induction Cookware Market by Application
- 8.4.1.1LAMEA Residential Market by Country
- 8.4.1.2LAMEA Commercial Market by Country
- 8.4.2LAMEA Induction Cookware Market by Product
- 8.4.2.1LAMEA Pans Market by Country
- 8.4.2.2LAMEA Pots Market by Country
- 8.4.2.3LAMEA Others Market by Country
- 8.4.3LAMEA Induction Cookware Market by Material
- 8.4.3.1LAMEA Stainless Steel Market by Country
- 8.4.3.2LAMEA Cast Iron Market by Country
- 8.4.3.3LAMEA Carbon Steel Market by Country
- 8.4.3.4LAMEA Others Market by Country
- 8.4.4LAMEA Induction Cookware Market by Distribution Channel
- 8.4.4.1LAMEA Supermarkets/Hypermarkets Market by Country
- 8.4.4.2LAMEA Specialty Stores Market by Country
- 8.4.4.3LAMEA Online Market by Country
- 8.4.4.4LAMEA Others Market by Country
- 8.4.5LAMEA Induction Cookware Market by Country
- 8.4.5.1Brazil Induction Cookware Market
- 8.4.5.1.1Brazil Induction Cookware Market by Application
- 8.4.5.1.2Brazil Induction Cookware Market by Product
- 8.4.5.1.3Brazil Induction Cookware Market by Material
- 8.4.5.1.4Brazil Induction Cookware Market by Distribution Channel
- 8.4.5.2Argentina Induction Cookware Market
- 8.4.5.2.1Argentina Induction Cookware Market by Application
- 8.4.5.2.2Argentina Induction Cookware Market by Product
- 8.4.5.2.3Argentina Induction Cookware Market by Material
- 8.4.5.2.4Argentina Induction Cookware Market by Distribution Channel
- 8.4.5.3UAE Induction Cookware Market
- 8.4.5.3.1UAE Induction Cookware Market by Application
- 8.4.5.3.2UAE Induction Cookware Market by Product
- 8.4.5.3.3UAE Induction Cookware Market by Material
- 8.4.5.3.4UAE Induction Cookware Market by Distribution Channel
- 8.4.5.4Saudi Arabia Induction Cookware Market
- 8.4.5.4.1Saudi Arabia Induction Cookware Market by Application
- 8.4.5.4.2Saudi Arabia Induction Cookware Market by Product
- 8.4.5.4.3Saudi Arabia Induction Cookware Market by Material
- 8.4.5.4.4Saudi Arabia Induction Cookware Market by Distribution Channel
- 8.4.5.5South Africa Induction Cookware Market
- 8.4.5.5.1South Africa Induction Cookware Market by Application
- 8.4.5.5.2South Africa Induction Cookware Market by Product
- 8.4.5.5.3South Africa Induction Cookware Market by Material
- 8.4.5.5.4South Africa Induction Cookware Market by Distribution Channel
- 8.4.5.6Nigeria Induction Cookware Market
- 8.4.5.6.1Nigeria Induction Cookware Market by Application
- 8.4.5.6.2Nigeria Induction Cookware Market by Product
- 8.4.5.6.3Nigeria Induction Cookware Market by Material
- 8.4.5.6.4Nigeria Induction Cookware Market by Distribution Channel
- 8.4.5.7Rest of LAMEA Induction Cookware Market
- 8.4.5.7.1Rest of LAMEA Induction Cookware Market by Application
- 8.4.5.7.2Rest of LAMEA Induction Cookware Market by Product
- 8.4.5.7.3Rest of LAMEA Induction Cookware Market by Material
- 8.4.5.7.4Rest of LAMEA Induction Cookware Market by Distribution Channel
Chapter 9.Company Profiles
- 9.1Groupe SEB
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Research & Development Expenses
- 9.1.5Recent strategies and developments:
- 9.1.5.1Product Launches and Product Expansions:
- 9.1.5.2Acquisition and Mergers:
- 9.1.6SWOT Analysis
- 9.2Meyer Corporation, U.S. (Meyer Manufacturing Co. Ltd.)
- 9.2.1Company Overview
- 9.2.2Recent strategies and developments:
- 9.2.2.1Product Launches and Product Expansions:
- 9.2.3SWOT Analysis
- 9.3Le Creuset France SAS
- 9.3.1Company Overview
- 9.3.2SWOT Analysis
- 9.4Newell Brands, Inc.
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Segmental and Regional Analysis
- 9.4.4Research & Development Expenses
- 9.4.5SWOT Analysis
- 9.5Whirlpool Corporation
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Regional Analysis
- 9.5.4Research & Development Expense
- 9.5.5Recent strategies and developments:
- 9.5.5.1Partnerships, Collaborations, and Agreements:
- 9.5.6SWOT Analysis
- 9.6Robert Bosch GmbH
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expense
- 9.6.5SWOT Analysis
- 9.7TTK Prestige Limited
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Regional Analysis
- 9.7.4Research & Development Expenses
- 9.7.5Recent strategies and developments:
- 9.7.5.1Product Launches and Product Expansions:
- 9.7.6SWOT Analysis
- 9.8Wilh. Werhahn KG
- 9.8.1Company Overview
- 9.8.2Financial Analysis
- 9.9Fissler GmbH
- 9.10.Tramontina
Chapter 10.Winning Imperatives of Induction Cookware Market