The built-in hobs market sales is anticipated to grow at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2033, from an expected US$ 4.2 billion in 2023 to US$ 8.7 billion by 2033. The market share of built-in hobs within the parent market of built-in kitchen appliances is about between 27 and 30 percent.
In North America, the U.S. has emerged as a promising market for built-in hobs products. Growing popularity of top-quality indoor home appliances in suburban and non-urban areas is fueling the built-in stove sales.
Further, with the rising urbanization, the demand for convenience, safety, and aesthetic appeal of built-in hobs has surged the sales in the market. Moreover, the development of luxury residences, renovation and restoration of existing kitchens is propelling the demand for premium kitchen appliances.
Request a Sample Report and Explore New Growth Opportunities Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-14859
Furthermore, innovations in technology, such as the introduction of smart kitchen equipment that can be managed remotely, are further accelerating the sales. As more people become concerned about their kitchen aesthetics, the demand for gadgets such as sanitary and oil/smoke-free cooking conditions has grown significantly, pushing the demand for built-in hobs in the market.
Key Takeaways from the Built-in Hobs Market Study
- India is expected to be dominate the South Asia built-in hobs market on the back of growing adoption of smart kitchen and home appliances in the country.
- In terms of product type, the electric hob segment will account for significant share in the global built-in hobs market.
- By burner-type, 4 burner segment will gain traction over the forthcoming decade in the built-in hobs market.
- Based on sales channel, exclusive stores are expected to be the leading sales channel for built-in hobs.
Request the Full Report Methodology Now!
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14859
Who is winning?
New entrants face moderate to high entry barriers to the market because of the high costs of research and development and the high initial costs of setting up shop. Innovations and player consolidations drive the industry as a whole. To obtain an advantage over their rivals and to expand their product range, manufacturers are focused on numerous facets of innovation.
Major players present in the built-in hobs market are Robert Bosch GmbH, Häfele, Stove Kraft Limited, TTK Prestige Limited, Somany Home Innovation Limited (SHIL), Franke-Faber, CATA Electrodomesticos India, Sunflame Enterprises Private limited, Electrolux AB.
Built-In Hobs Market By Category
By Product Type:
- Electric Hobs
- Ceramic
- Others (Induction, gas)
By Burner Type:
- 2 Burner
- 3 Burner
- 4 Burner
- Others
By Sales Channel:
- Multi-brand Stores
- Exclusive Stores
- Online Stores
- Independent Stores
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa (MEA)
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global built-in hobs market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the built-in hobs market based on the product type (electric hobs, ceramic, others), burner type (2 burners, 3 burners, 4 burners, others), sales channel (multi-brand stores, exclusive stores, online stores, independent stores and others) across seven major regions.
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
