Product Code: PM2883
The global electric hobs market size is expected to reach USD 993.0 million by 2030, according to a new study by Polaris Market Research. The report "Electric Hobs Market Share, Size, Trends, Industry Analysis Report, By Size (2 Burner, 3 Burner, 4 Burner, and 5 Burner); By Product Type; By Distribution Channel; By Region; Segment Forecast, 2022-2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rising health consciousness, a shift in consumer lifestyles, and rising consumer disposable income are a few significant factors expected to drive the market's growth forward. In addition, an extensive rise in the usage of cloud kitchens in the food service industry along with high number of food exhibitions & food blogging around the world is likely to create lucrative growth opportunities for the global market during the forecast period.
Moreover, increasing consumer purchasing power and introduction to the variety of appliances by key market companies across the globe has resulted in higher growth of the market. For instance, in 2022, revenue from households amounted to USD 47.53 billion, in which the small appliances segment held the largest market with a volume of USD 26.12 billion in 2022.
During an induction hob's utilization, no flames are exposed, and no gas is discharged into the air. This is one of the primary reasons why these induction hobs are considered ideal alternatives for families with kids. Additionally, Hafele induction hobs are also sophisticated with safety features. The auto-pan detection feature ensures that the heat is turned off after cookware is removed from the hob's surface. These features of induction shobs are likely to impact the global market demand and adoption of electric hobs positively.
Electric Hobs Market Report Highlights
4 burner segment accounted for largest revenue share which is accelerated by increasing demand for more burners especially in countries having large families like India and China and growing number of smart homes and modern kitchens across the globe
Mix segment projected to witness fastest growth at a high CAGR over the forecast period owing to shift in consumer preferences towards the energy saving and environment friendly cooking products
Specialty stores held the largest market share in 2021 and expected to witness significant growth in the near future due to discounts, immediate gratification, and ability to compare products physically coupled with the large presence of retail stores and easy access to consumers
North America region dominated the electric hobs market in 2021 and likely to maintain its dominance over the study period on account of high robust technological advancements
The global players include Siemens, Whirlpool Corporation, Haier Smart Homes, and Panasonic Corporation
Polaris Market Research has segmented the electric hobs market report based on size, product type, distribution channel, and region:
Electric Hobs, Size Outlook (Revenue - USD Million, 2018 - 2030)
2 Burner
3 Burner
4 Burner
5 Burner
Electric Hobs, Product type Outlook (Revenue - USD Million, 2018 - 2030)
Induction
Gas
Mix
Electric Hobs, Distribution Channel Outlook (Revenue - USD Million, 2018 - 2030)
Supermarkets/Hypermarkets
Specialty Stores
E-commerce
Others
Electric Hobs, Regional Outlook (Revenue - USD Million, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Electric Hobs Market Insights
- 4.1. Electric Hobs - Industry Snapshot
- 4.2. Electric Hobs Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. High technological advancements
- 4.2.1.2. Rising investment in R&D activities
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High cost of electric hobs
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Electric Hobs Market Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Electric Hobs Market, by Size
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 5.3. 2 Burner
- 5.3.1. Global Electric Hobs Market, by 2 Burner, by Region, 2018 - 2030 (USD Million)
- 5.4. 3 Burner
- 5.4.1. Global Electric Hobs Market, by 3 Burner, by Region, 2018 - 2030 (USD Million)
- 5.5. 4 Burner
- 5.5.1. Global Electric Hobs Market, by 4 Burner, by Region, 2018 - 2030 (USD Million)
- 5.6. 5 Burner
- 5.6.1. Global Electric Hobs Market, by 5 Burner, by Region, 2018 - 2030 (USD Million)
6. Global Electric Hobs Market, by Product Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 6.3. Induction
- 6.3.1. Global Electric Hobs Market, by Induction, by Region, 2018 - 2030 (USD Million)
- 6.4. Gas
- 6.4.1. Global Electric Hobs Market, by Gas, by Region, 2018 - 2030 (USD Million)
- 6.5. Mix
- 6.5.1. Global Electric Hobs Market, by Mix, by Region, 2018 - 2030 (USD Million)
7. Global Electric Hobs Market, by Distribution Channel
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 7.3. Supermarkets/Hypermarkets
- 7.3.1. Global Electric Hobs Market, by Supermarkets/Hypermarkets, by Region, 2018 - 2030 (USD Million)
- 7.4. Specialty Stores
- 7.4.1. Global Electric Hobs Market, by Specialty Stores, by Region, 2018 - 2030 (USD Million)
- 7.5. E-commerce
- 7.5.1. Global Electric Hobs Market, by E-commerce, by Region, 2018 - 2030 (USD Million)
- 7.6. Others
- 7.6.1. Global Other Electric Hobs Market, by Region, 2018 - 2030 (USD Million)
8. Global Electric Hobs Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Electric Hobs Market Assessment, By Geography, 2018 - 2030 (USD Million)
- 8.3. Electric Hobs Market - North America
- 8.3.1. North America: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.3.2. North America: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.3.3. North America: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.3.4. Electric Hobs Market - U.S.
- 8.3.4.1. U.S.: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.3.4.2. U.S.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.3.4.3. U.S.: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.3.5. Electric Hobs Market - Canada
- 8.3.5.1. Canada: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.3.5.2. Canada.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.3.5.3. Canada: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.4. Electric Hobs Market - Europe
- 8.4.1. Europe: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.4.2. Europe.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.4.3. Europe: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.4.4. Electric Hobs Market - UK
- 8.4.4.1. UK: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.4.4.2. UK.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.4.4.3. UK: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.4.5. Electric Hobs Market - France
- 8.4.5.1. France: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.4.5.2. France.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.4.5.3. France: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.4.6. Electric Hobs Market - Germany
- 8.4.6.1. Germany: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.4.6.2. Germany.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.4.6.3. Germany: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.4.7. Electric Hobs Market - Italy
- 8.4.7.1. Italy: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.4.7.2. Italy.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.4.7.3. Italy: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.4.8. Electric Hobs Market - Spain
- 8.4.8.1. Spain: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.4.8.2. Spain.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.4.8.3. Spain: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.4.9. Electric Hobs Market - Netherlands
- 8.4.9.1. Netherlands: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.4.9.2. Netherlands.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.4.9.3. Netherlands: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.4.10. Electric Hobs Market - Russia
- 8.4.10.1. Russia: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.4.10.2. Russia.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.4.10.3. Russia: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.5. Electric Hobs Market - Asia Pacific
- 8.5.1. Asia Pacific: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.5.2. Asia Pacific.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.5.3. Asia Pacific: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.5.4. Electric Hobs Market - China
- 8.5.4.1. China: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.5.4.2. China.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.5.4.3. China: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.5.5. Electric Hobs Market - India
- 8.5.5.1. India: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.5.5.2. India.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.5.5.3. India: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.5.6. Electric Hobs Market - Malaysia
- 8.5.6.1. Malaysia: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.5.6.2. Malaysia.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.5.6.3. Malaysia: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.5.7. Electric Hobs Market - Japan
- 8.5.7.1. Japan: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.5.7.2. Japan.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.5.7.3. Japan: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.5.8. Electric Hobs Market - Indonesia
- 8.5.8.1. Indonesia: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.5.8.2. Indonesia.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.5.8.3. Indonesia: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.5.9. Electric Hobs Market - South Korea
- 8.5.9.1. South Korea: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.5.9.2. South Korea.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.5.9.3. South Korea: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.6. Electric Hobs Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.6.2. Middle East & Africa.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.6.3. Middle East & Africa: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.6.4. Electric Hobs Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.6.4.2. Saudi Arabia.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.6.4.3. Saudi Arabia: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.6.5. Electric Hobs Market - UAE
- 8.6.5.1. UAE: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.6.5.2. UAE.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.6.5.3. UAE: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.6.6. Electric Hobs Market - Israel
- 8.6.6.1. Israel: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.6.6.2. Israel.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.6.6.3. Israel: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.6.7. Electric Hobs Market - South Africa
- 8.6.7.1. South Africa: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.6.7.2. South Africa.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.6.7.3. South Africa: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.7. Electric Hobs Market - Latin America
- 8.7.1. Latin America: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.7.2. Latin America.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.7.3. Latin America: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.7.4. Electric Hobs Market - Mexico
- 8.7.4.1. Mexico: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.7.4.2. Mexico.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.7.4.3. Mexico: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.7.5. Electric Hobs Market - Brazil
- 8.7.5.1. Brazil: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.7.5.2. Brazil.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.7.5.3. Brazil: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
- 8.7.6. Electric Hobs Market - Argentina
- 8.7.6.1. Argentina: Electric Hobs Market, by Size, 2018 - 2030 (USD Million)
- 8.7.6.2. Argentina.: Electric Hobs Market, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.7.6.3. Argentina: Electric Hobs Market, by Product Type, 2018 - 2030 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Robert Bosch GmbH
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. LG Electronics Inc
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Siemens AG
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Whirlpool Corporation
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Haier Smart Home Co. Ltd
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Beko Plc
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. SMEG S.p.A
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Electrolux AB
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. ROBAM Appliances Limited
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Bertazzoni
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Elica
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Fisher & Paykel
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Cusimax
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Panasonic Corporation
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Glen Dimplex Group
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. Midea Group Co
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development
- 10.17. Miele & Cie. Kg
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Recent Development
- 10.18. Amica S.A
- 10.18.1. Company Overview
- 10.18.2. Financial Performance
- 10.18.3. Product Benchmarking
- 10.18.4. Recent Development
- 10.19. Samsung Electronics Co. Ltd.
- 10.19.1. Company Overview
- 10.19.2. Financial Performance
- 10.19.3. Product Benchmarking
- 10.19.4. Recent Development