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Residential Hobs Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 178 Pages
  • December 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 6033730
Description Jump to:
The residential hobs market is projected to grow at a CAGR of 7.2%, increasing from $20.94 billion in 2024 to $34.07 billion by the end of 2031. This surge is attributed to rising demand for advanced kitchen appliances, growing urbanization, and expanding smart home adoption.

The residential hobs market continues to evolve, driven by technological innovations, changing consumer preferences, and the global residential construction boom. Designed to simplify cooking, residential hobs integrate features such as induction technology, smart controls, and energy efficiency, catering to the modern household's needs.

The market comprises gas and induction hobs, catering to diverse consumer requirements. Induction hobs, leveraging electromagnetic energy, are gaining traction due to their rapid heating capabilities and precise temperature control. The growth of nuclear families, increased disposable income, and a preference for compact and energy-efficient kitchen solutions further fuel market expansion.

Market Drivers

Rising Demand for Advanced Kitchen Appliances

  • Consumers are shifting towards sophisticated appliances with features like precise temperature control and smart technology integration.
  • Induction hobs are particularly popular for their quick heating, cooling, and energy-efficient properties.

Urbanization and Smart Home Growth

  • The rise of smart homes and westernization are key factors driving the adoption of technologically advanced kitchen appliances.

Sustainability Trends

  • Growing awareness of eco-friendly solutions and energy efficiency enhances the appeal of sustainable hobs.

Business Opportunities

Energy-Efficient Solutions

  • Manufacturers can capitalize on the demand for energy-efficient and environmentally sustainable hobs by adhering to stringent regulations and leveraging innovative designs.

Smart Technology Integration

  • The increasing adoption of smart home systems presents opportunities for hobs with IoT capabilities, allowing remote operation and synchronization with other appliances.

Emerging Markets

  • Expanding disposable income and digital exposure in regions like Asia-Pacific and Europe create lucrative growth prospects.

Regional Analysis

North America

  • Dominates the market due to early adoption of high-tech kitchen appliances and growing demand for modernized kitchens.
  • The US leads the region with increasing consumer preference for premium appliances with smart features.

Europe

  • Experiences robust demand due to technological advancements, rising disposable incomes, and changing culinary trends.
  • Germany is a key market, driven by urbanization and preference for energy-efficient appliances.

Asia-Pacific

  • The fastest-growing region, fueled by increasing urbanization, residential construction, and rising middle-class income.

Competitive Analysis

The market features both global and local manufacturers competing to deliver innovative products. Leading companies include:

  • Whirlpool Corporation
  • AB Electrolux
  • Samsung Electronics Co. Ltd.
  • Midea Group Co., Ltd.
  • Siemens AG
  • Robert Bosch GmbH
  • Haier Group Corporation
  • Arcelik A.S.
  • Panasonic Corporation
  • Miele & Cie. Kg
  • IFB Industries Limited
These players focus on R&D investments, product innovation, and strategic partnerships to strengthen their market position.

Residential Hobs Market Research Segmentation

By Product Type

  • Gas Hobs
  • Induction Hobs

By Price Range

  • Low Range
  • Medium Range
  • High Range

By Number of Burner/Induction Zones

  • Two
  • Three

By Sales Channel

  • Exclusive Stores
  • Multi-brand Stores
  • Online Stores
  • Independent Stores

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle-East & Africa

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

Table of Contents

1. Executive Summary
1.1. Global Residential Hobs Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Residential Hobs Market Outlook, 2019 - 2031
3.1. Global Residential Hobs Market Outlook, by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
3.1.1. Key Highlights
3.1.1.1.1. Gas Hobs
3.1.1.1.2. Induction Hubs
3.2. Global Residential Hobs Market Outlook, by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
3.2.1.1.1. Low Range
3.2.1.1.2. Medium Range
3.2.1.1.3. High Range
3.3. Global Residential Hobs Market Outlook, by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
3.3.1. Key Highlights
3.3.1.1. Multi-brand Stores
3.3.1.2. Exclusive Stores
3.3.1.3. Online Stores
3.3.1.4. Independent Stores
3.3.1.5. Others
3.4. Global Residential Hobs Market Outlook, by Region, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Residential Hobs Market Outlook, 2019 - 2031
4.1. North America Residential Hobs Market Outlook, by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
4.1.1. Key Highlights
4.1.1.1.1. Gas Hobs
4.1.1.1.2. Induction Hubs
4.2. North America Residential Hobs Market Outlook, by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
4.2.1. Key Highlights
4.2.1.1.1. Low Range
4.2.1.1.2. Medium Range
4.2.1.1.3. High Range
4.3. North America Residential Hobs Market Outlook, by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
4.3.1. Key Highlights
4.3.1.1. Multi-brand Stores
4.3.1.2. Exclusive Stores
4.3.1.3. Online Stores
4.3.1.4. Independent Stores
4.3.1.5. Others
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Residential Hobs Market Outlook, by Country, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
4.4.1. Key Highlights
4.4.1.1. U.S. Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
4.4.1.2. U.S. Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
4.4.1.3. U.S. Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
4.4.1.4. Canada Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
4.4.1.5. Canada Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
4.4.1.6. Canada Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Residential Hobs Market Outlook, 2019 - 2031
5.1. Europe Residential Hobs Market Outlook, by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.1.1. Key Highlights
5.1.1.1.1. Gas Hobs
5.1.1.1.2. Induction Hubs
5.2. Europe Residential Hobs Market Outlook, by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.2.1. Key Highlights
5.2.1.1.1. Low Range
5.2.1.1.2. Medium Range
5.2.1.1.3. High Range
5.3. Europe Residential Hobs Market Outlook, by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.3.1. Key Highlights
5.3.1.1.1. Water Treatment
5.3.1.1.2. Food and Beverage
5.3.1.1.3. Textile
5.3.1.1.4. Misc.
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Residential Hobs Market Outlook, by Country, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1. Key Highlights
5.4.1.1. Germany Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.2. Germany Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.3. Germany Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.4. U.K. Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.5. U.K. Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.6. U.K. Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.7. France Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.8. France Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.9. France Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.10. Italy Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.11. Italy Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.12. Italy Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.13. Spain Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.14. Spain Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.15. Spain Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.16. Russia Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.17. Russia Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.18. Russia Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.19. Rest of Europe Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.20. Rest of Europe Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.1.21. Rest of Europe Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Residential Hobs Market Outlook, 2019 - 2031
6.1. Asia Pacific Residential Hobs Market Outlook, by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.1.1. Key Highlights
6.1.1.1.1. Gas Hobs
6.1.1.1.2. Induction Hubs
6.2. Asia Pacific Residential Hobs Market Outlook, by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.2.1. Key Highlights
6.2.1.1.1. Low Range
6.2.1.1.2. Medium Range
6.2.1.1.3. High Range
6.3. Asia Pacific Residential Hobs Market Outlook, by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.3.1. Key Highlights
6.3.1.1. Multi-brand Stores
6.3.1.2. Exclusive Stores
6.3.1.3. Online Stores
6.3.1.4. Independent Stores
6.3.1.5. Others
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Residential Hobs Market Outlook, by Country, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1. Key Highlights
6.4.1.1. China Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.2. China Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.3. China Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.4. Japan Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.5. Japan Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.6. Japan Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.7. South Korea Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.8. South Korea Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.9. South Korea Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.10. India Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.11. India Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.12. India Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.13. Southeast Asia Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.14. Southeast Asia Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.15. Southeast Asia Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.16. Rest of Asia Pacific Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.17. Rest of Asia Pacific Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.1.18. Rest of Asia Pacific Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Residential Hobs Market Outlook, 2019 - 2031
7.1. Latin America Residential Hobs Market Outlook, by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
7.1.1. Key Highlights
7.1.1.1. Gas Hobs
7.1.1.2. Induction Hubs
7.2. Latin America Residential Hobs Market Outlook, by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
7.2.1.1. Low Range
7.2.1.2. Medium Range
7.2.1.3. High Range
7.3. Latin America Residential Hobs Market Outlook, by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
7.3.1. Key Highlights
7.3.1.1. Multi-brand Stores
7.3.1.2. Exclusive Stores
7.3.1.3. Online Stores
7.3.1.4. Independent Stores
7.3.1.5. Others
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Residential Hobs Market Outlook, by Country, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
7.4.1. Key Highlights
7.4.1.1. Brazil Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
7.4.1.2. Brazil Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
7.4.1.3. Brazil Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
7.4.1.4. Mexico Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
7.4.1.5. Mexico Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
7.4.1.6. Mexico Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
7.4.1.7. Rest of Latin America Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
7.4.1.8. Rest of Latin America Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
7.4.1.9. Rest of Latin America Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Residential Hobs Market Outlook, 2019 - 2031
8.1. Middle East & Africa Residential Hobs Market Outlook, by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
8.1.1. Key Highlights
8.1.1.1.1. Gas Hobs
8.1.1.1.2. Induction Hubs
8.2. Middle East & Africa Residential Hobs Market Outlook, by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
8.2.1. Key Highlights
8.2.1.1.1. Low Range
8.2.1.1.2. Medium Range
8.2.1.1.3. High Range
8.3. Middle East & Africa Residential Hobs Market Outlook, by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
8.3.1. Key Highlights
8.3.1.1. Multi-brand Stores
8.3.1.2. Exclusive Stores
8.3.1.3. Online Stores
8.3.1.4. Independent Stores
8.3.1.5. Others
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Residential Hobs Market Outlook, by Country, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
8.4.1. Key Highlights
8.4.1.1. GCC Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
8.4.1.2. GCC Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
8.4.1.3. GCC Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
8.4.1.4. South Africa Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
8.4.1.5. South Africa Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
8.4.1.6. South Africa Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
8.4.1.7. Rest of Middle East & Africa Residential Hobs Market by Product Type, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
8.4.1.8. Rest of Middle East & Africa Residential Hobs Market by Price Range, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
8.4.1.9. Rest of Middle East & Africa Residential Hobs Market by Sales Channel, Volume (Unit) and Value (US$ Bn) , 2019 - 2031
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. By Sales Channel vs by Price Range Heat map
9.2. Manufacturer vs by Price Range Heat map
9.3. Company Market Share Analysis, 2024
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. Whirlpool Corporation
9.5.1.1. Company Overview
9.5.1.2. Product Portfolio
9.5.1.3. Financial Overview
9.5.1.4. Business Strategies and Development
9.5.2. AB Electrolux
9.5.3. Samsung Electronics Co. Ltd.
9.5.4. Midea Group Co., Ltd.
9.5.5. Siemens AG
9.5.6. Robert Bosch GmbH
9.5.7. Haier Group Corporation
9.5.8. Arcelik A.S.
9.5.9. Panasonic Corporation
9.5.10. Miele & Cie. Kg
9.5.11. IFB Industries Limited
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned

  • Whirlpool Corporation
  • AB Electrolux
  • Samsung Electronics Co. Ltd.
  • Midea Group Co., Ltd.
  • Siemens AG
  • Robert Bosch GmbH
  • Haier Group Corporation
  • Arcelik A.S.
  • Panasonic Corporation
  • Miele & Cie. Kg
  • IFB Industries Limited

Methodology

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