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Residential Hobs Market Size, Share & Trends Analysis Report By Product (Induction, Mix, Gas), By Size (2 Burner, 3 Burner, 4 Burner, 5 Burner), By Region, And Segment Forecasts, 2025 - 2030- Product Image
Residential Hobs Market Size, Share & Trends Analysis Report By Product (Induction, Mix, Gas), By Size (2 Burner, 3 Burner, 4 Burner, 5 Burner), By Region, And Segment Forecasts, 2025 - 2030- Product Image
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Residential Hobs Market Size, Share & Trends Analysis Report By Product (Induction, Mix, Gas), By Size (2 Burner, 3 Burner, 4 Burner, 5 Burner), By Region, And Segment Forecasts, 2025 - 2030

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  • 80 Pages
  • November 2024
  • Region: Global
  • Grand View Research
  • ID: 6032564
Description Jump to:
The global residential hobs market size is expected to reach USD 25.39 billion in 2030 and is projected to grow at a CAGR of 6.0% from 2025 to 2030. Rising disposable income, increasing number of young consumer groups, and growing awareness about the energy efficiency of the product are the prominent factors for the growth of the market.

The 4 burner hob size dominated the market in 2018, accounting for 43.0% share of the global revenue. It is expected to emerge as the fastest growing segment in the forecast period. Need for more burners for cooking is high in developing countries such as India and China, wherein the families are large. Trend of having a number of cuisines in the meal is also one of the prominent factors for the growth of the market. Increasing number of young working groups who have less time to cook is propelling the demand for this particular segment of the product.

The induction product type dominated the market in 2018 and accounted for more than 40.0% share of the overall revenue. Countries such as Canada and U.S are the leading users of household electricity, wherein the usage of electric based cooktops for cooking is high as they are energy and cost efficient. Price of LPG is increasing continuously in countries such as India and China, which, in turn, is compelling the consumers to shift towards alternative options for cooking.

North America was the dominant regional market in 2018, accounting for 30.0% share of the overall revenue. Countries such as Canada and U.S are the leading contributors to the regional market growth as they witness high technological advancement and product innovation by the manufacturers. Asia Pacific is the fastest growing market, expanding at a CAGR of 8.7% in the forecast period. Increasing LPG price and awareness about the benefits of the product are driving the market in the region.

Residential Hobs Market Report Highlights

  • Based on products, the induction hobs segment dominated the global residential hobs industry with a revenue share of 43.8% in 2024
  • Based on size, the four-burner hob segment held the largest revenue share of the global residential hobs industry in 2024
  • The three-burner hob segment is anticipated to experience the fastest CAGR from 2025 to 2030
  • North America dominated the global residential hobs industry with a revenue share of 30.3% in 2024

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets


This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Residential Hobs Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Profit Margin Analysis (Industry-level)
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis Tools
3.4.1. Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Residential Hobs Market: Product Estimates & Trend Analysis
5.1. Residential Hobs Market, By Product: Key Takeaways
5.2. Product Movement Analysis & Market Share, 2024 & 2030
5.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
5.3.1. Induction
5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.3.2. Mix
5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.3.3. Gas
5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Residential Hobs Market: Size Estimates & Trend Analysis
6.1. Residential Hobs Market, By Size: Key Takeaways
6.2. Size Movement Analysis & Market Share, 2024 & 2030
6.3. Market Estimates & Forecasts, by Distribution Channel, 2018 - 2030 (USD Million)
6.3.1. 2 Burner
6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.3.2. 3 Burner
6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.3.3. 4 Burner
6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.3.4. 5 Burner
6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Residential Hobs Market: Regional Estimates & Trend Analysis
7.1. Residential Hobs Market: Regional Outlook
7.2. Regional Marketplaces: Key Takeaways
7.3. Market Estimates & Forecasts, by Region, 2018 - 2030 (USD Million)
7.3.1. North America
7.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.1.2. U.S.
7.3.1.2.1. Key country dynamics
7.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.1.3. Canada
7.3.1.3.1. Key country dynamics
7.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.1.4. Mexico
7.3.1.4.1. Key country dynamics
7.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2. Europe
7.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2.2. U.K.
7.3.2.2.1. Key country dynamics
7.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2.3. Germany
7.3.2.3.1. Key country dynamics
7.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2.4. France
7.3.2.4.1. Key country dynamics
7.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2.5. Italy
7.3.2.5.1. Key country dynamics
7.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2.6. Spain
7.3.2.6.1. Key country dynamics
7.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.3. Asia Pacific
7.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.3.2. China
7.3.3.2.1. Key country dynamics
7.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.3.3. India
7.3.3.3.1. Key country dynamics
7.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.3.4. Japan
7.3.3.4.1. Key country dynamics
7.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.3.5. Australia
7.3.3.5.1. Key country dynamics
7.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.3.6. South Korea
7.3.3.6.1. Key country dynamics
7.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.4. Latin America
7.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.4.2. Brazil
7.3.4.2.1. Key country dynamics
7.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.5. Middle East & Africa
7.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.5.2. South Africa
7.3.5.2.1. Key country dynamics
7.3.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8. Residential Hobs Market: Competitive Analysis
8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2024 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. Company Profiles
8.9.1. Electrolux AB (AB Electrolux (publ))
8.9.1.1. Company Overview
8.9.1.2. Financial Performance
8.9.1.3. Product Portfolios
8.9.1.4. Strategic Initiatives
8.9.2. elica
8.9.2.1. Company Overview
8.9.2.2. Financial Performance
8.9.2.3. Product Portfolios
8.9.2.4. Strategic Initiatives
8.9.3. Whirlpool Corporation
8.9.3.1. Company Overview
8.9.3.2. Financial Performance
8.9.3.3. Product Portfolios
8.9.3.4. Strategic Initiatives
8.9.4. LG Electronics
8.9.4.1. Company Overview
8.9.4.2. Financial Performance
8.9.4.3. Product Portfolios
8.9.4.4. Strategic Initiatives
8.9.5. Bertazzoni Spa
8.9.5.1. Company Overview
8.9.5.2. Financial Performance
8.9.5.3. Product Portfolios
8.9.5.4. Strategic Initiatives
8.9.6. Bosch (BSH Home Appliances Group)
8.9.6.1. Company Overview
8.9.6.2. Financial Performance
8.9.6.3. Product Portfolios
8.9.6.4. Strategic Initiatives
8.9.7. Faber
8.9.7.1. Company Overview
8.9.7.2. Financial Performance
8.9.7.3. Product Portfolios
8.9.7.4. Strategic Initiatives
8.9.8. ROBAM Appliances Limited
8.9.8.1. Company Overview
8.9.8.2. Financial Performance
8.9.8.3. Product Portfolios
8.9.8.4. Strategic Initiatives
8.9.9. Glen Appliances Pvt. Ltd.
8.9.9.1. Company Overview
8.9.9.2. Financial Performance
8.9.9.3. Product Portfolios
8.9.9.4. Strategic Initiatives
8.9.10. KAFF
8.9.10.1. Company Overview
8.9.10.2. Financial Performance
8.9.10.3. Product Portfolios
8.9.10.4. Strategic Initiatives
List of Tables
Table 1. Global residential hobs market: Key market driver analysis
Table 2. Global residential hobs market: Key market restraint analysis
Table 3. Global residential hobs market estimates & forecast, by product (USD Million)
Table 4. Global residential hobs market estimates & forecast, by size (USD Million)
Table 5. North America residential hobs market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 6. North America residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 7. North America residential hobs market estimates & forecast, by size (USD Million)
Table 8. U.S. macro-economic outlay
Table 9. U.S. residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 10. U.S. residential hobs market estimates & forecast, by size (USD Million)
Table 11. U.S. Canada macro-economic outlay
Table 12. Canada residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 13. Canada residential hobs market estimates & forecast, by size (USD Million)
Table 14. Mexico macro-economic outlay
Table 15. Mexico residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 16. Mexico residential hobs market estimates & forecast, by size (USD Million)
Table 17. Europe residential hobs market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 18. Europe residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 19. Europe residential hobs market estimates & forecast, by size (USD Million)
Table 20. U.K. macro-economic outlay
Table 21. U.K. residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 22. U.K. residential hobs market estimates & forecast, by size (USD Million)
Table 23. Germany macro-economic outlay
Table 24. Germany residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 25. Germany residential hobs market estimates & forecast, by size (USD Million)
Table 26. France macro-economic outlay
Table 27. France residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 28. France residential hobs market estimates & forecast, by size (USD Million)
Table 29. Italy macro-economic outlay
Table 30. Italy residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 31. Italy Residential Hobs market estimates & forecast, by size (USD Million)
Table 32. Asia Pacific residential hobs market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 33. Asia Pacific residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 34. Asia Pacific residential hobs market estimates & forecast, by size (USD Million)
Table 35. China macro-economic outlay
Table 36. China residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 37. China residential hobs market estimates & forecast, by size (USD Million)
Table 38. India macro-economic outlay
Table 39. India residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 40. India residential hobs market estimates & forecast, by size (USD Million)
Table 41. Japan macro-economic outlay
Table 42. Japan residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 43. Japan residential hobs market estimates & forecast, by size (USD Million)
Table 44. Latin America residential hobs market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 45. Latin America residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 46. Latin America residential hobs market estimates & forecast, by size (USD Million)
Table 47. Brazil macro-economic outlay
Table 48. Brazil residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 49. Brazil residential hobs market estimates & forecast, by size (USD Million)
Table 50. Middle East & Africa residential hobs market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 51. Middle East & Africa residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 52. Middle East & Africa residential hobs market estimates & forecast, by size (USD Million)
Table 53. South Africa macro-economic outlay
Table 54. South Africa residential hobs market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 55. South Africa residential hobs market estimates & forecast, by size (USD Million)
Table 56. Recent developments & impact analysis, by key market participants
Table 57. Company market share, 2024 (%)
Table 58. Company heat map analysis, 2024
Table 59. Companies implementing key strategies
List of Figures
Figure 1. Residential Hobs market segmentation
Figure 2. Information procurement
Figure 3. Primary research pattern
Figure 4. Primary research approaches
Figure 5. Primary research process
Figure 6. Market snapshot
Figure 7. Segment snapshot
Figure 8. Regional snapshot
Figure 9. Competitive landscape snapshot
Figure 10. Global parent industry and Residential Hobs size (USD Million)
Figure 11. Global residential hobs size, 2018 to 2030 (USD Million)
Figure 12. residential hobs market: penetration & growth prospect mapping
Figure 13. residential hobs market: value chain analysis
Figure 14. residential hobs market: dynamics
Figure 15. residential hobs market: porter’s five forces analysis
Figure 16. Residential hobs market estimates & forecast, by product (USD Million)
Figure 17. Induction residential hobs market estimates & forecasts, 2018 - 2030 (USD Million)
Figure 18. Gas residential hobs market estimates & forecasts, 2018 - 2030 (USD Million)
Figure 19. Mix residential hobs market estimates & forecasts, 2018 - 2030 (USD Million)
Figure 20. Residential hobs market estimates & forecast, by size (USD Million)
Figure 21. Residential hobs market estimates & forecasts for 2 burner, 2018 - 2030 (USD Million)
Figure 22. Residential hobs market estimates & forecasts for 3 burner, 2018 - 2030 (USD Million)
Figure 23. Residential hobs market estimates & forecasts for 4 burner, 2018 - 2030 (USD Million)
Figure 24. Residential hobs market estimates & forecasts for 5 burner, 2018 - 2030 (USD Million)
Figure 25. Residential Hobs market: Regional outlook, 2024 & 2030 (USD Million)
Figure 26. Regional marketplace: Key takeaways
Figure 27. North America residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 28. U.S. residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 29. Canada residential hobs obs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 30. Mexico residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 31. Europe residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 32. Germany residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 33. U.K. residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 34. France residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 35. Italy residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 36. Asia Pacific residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 37. China residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 38. India residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 39. Japan residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 40. Latin America residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 41. Brazil residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 42. Middle East & Africa residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 43. South Africa residential hobs market estimates & forecast, 2018 - 2030 (USD Million)
Figure 44. Key company categorization
Figure 45. Company market share analysis, 2024
Figure 46. Strategic framework of Residential Hobs

Companies Mentioned

  • Electrolux AB (AB Electrolux (publ))
  • elica
  • Whirlpool Corporation
  • LG Electronics
  • Bertazzoni Spa
  • Bosch (BSH Home Appliances Group)
  • Faber
  • ROBAM Appliances Limited
  • Glen Appliances Pvt. Ltd.
  • KAFF

Methodology

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Table Information

Report AttributeDetails
No. of Pages80
PublishedNovember 2024
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 17.85 Billion
Forecasted Market Value ( USD ) by 2030 $ 25.39 Billion
Compound Annual Growth Rate6.0%
Regions CoveredGlobal
No. of Companies Mentioned10

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