Global Kitchen Hobs Market Overview, 2023-28

The global kitchen hob market has evolved into a dynamic and necessary component of the ever-changing culinary landscape. As civilizations around the world continue to embrace diverse cooking traditions and culinary practices, there is a growing desire for innovative, efficient, and visually appealing kitchen hob solutions. As the focal point of modern kitchens, kitchen hobs have transcended their practical function to become icons of innovation, style, and practicality. The rapid growth of this market is being driven by a number of factors, including technological improvements, shifting consumer preferences toward more convenient and energy-efficient appliances, and a growing emphasis on ergonomic kitchen designs. With a kaleidoscope of options ranging from induction to gas, electric, and hybrid hobs, manufacturers and designers are racing to introduce cutting-edge features, sustainable materials, and sleek designs that not only elevate cooking experiences but also harmonize seamlessly with contemporary home aesthetics. This study goes into the depths of the global kitchen hob market, exploring the key players, market trends, technological advancements, and consumer dynamics that will shape the future of this fascinating industry. Because of their energy economy, precise temperature control, and safety features, induction cooktops have gained popularity. This method directly heats the cookware using electromagnetic fields, resulting in quicker cooking times and reduced heat waste. Multi-zone and flexi-zone hobs provide for more versatile cooking setups by accepting a variety of pan sizes and shapes on a single cooking surface. According to the research report, “Global Kitchen Hobs Market Overview, 2023-2028” published by Bonafide Research, the market is expected to cross USD 28.55 Billion market size, increasing from USD 20.84 Billion in 2022. The global market is forecasted to grow with 5.49% CAGR from 2023-28. The rising popularity of cloud kitchens is projected to have a substantial impact on the hob market throughout the forecast period. Furthermore, the introduction of smart features such as zone hobs and induction hobs is expected to enhance market size in the near future. The development of smart kitchens is likely to drive the global market for kitchen hobs. The home appliance business, particularly kitchen appliance manufacturers, is important to the expansion of the kitchen hob market. Companies in this field design, manufacture, and market a wide range of kitchen hobs, always innovating to offer new features, technologies, and designs that satisfy consumer desires and preferences. The expansion of the real estate and house-building industries influences the demand for kitchen hobs. When constructing or renovating a new home or apartment, homeowners usually desire modern, efficient, and stylish kitchen appliances, such as hobs, to improve the functionality and aesthetics of their kitchens. Furthermore, consumer preferences for kitchen aesthetics and layout are influenced by the interior design and kitchen planning businesses. As kitchen designs develop, there is a greater desire for hobs that easily integrate into a variety of kitchen layouts, such as open-concept kitchens or minimalist designs. Consumer lifestyle changes, such as a greater emphasis on healthy eating, convenience, and time-saving solutions, have an impact on the sorts of kitchen hobs in demand. Manufacturers adjust their offers to meet these changing desires, resulting in market growth.

Based on the region, North America is expected to grow at significant rate in Global Kitchen Hobs market. The North American kitchen hobs market is at a crossroads of innovation and practicality, where culinary prowess meets cutting-edge technology to transform the cooking experience. Kitchen hobs have evolved from simple cooking instruments to sophisticated culinary companions that seamlessly integrate into modern lifestyles as a crucial center for modern families. The North American kitchen hobs market is a thriving tapestry of options that cater to the many interests and tastes of discriminating consumers, encompassing a broad canvas of design, functionality, and energy efficiency. As the emphasis on environmental responsibility develops, energy-efficient and sustainable kitchen hobs are becoming more popular. The modular kitchen concept is gaining traction in the North American kitchen hobs market. Personalization and versatility are emphasized in these kitchens, which allow homeowners to choose between gas, electric, and induction hobs and simply integrate them into their kitchen design. This trend implies a desire for personalized cooking settings that cater to individual preferences and culinary needs. In response to the desire for efficient and space-saving kitchen designs, downdraft ventilation systems have become more integrated with kitchen hobs. These solutions eliminate traditional overhead range hoods, resulting in a more streamlined and open kitchen environment. Downdraft ventilation rises from the countertop when in operation, efficiently capturing and eliminating cooking odors and smoke. Certain high-end cooking hobs in the North American market are becoming obsolete as technology develops. Based on types, built-in-hobs type is expected to grow with more than 6% CAGR in Global Kitchen Hobs Market. Built-in hobs are intended to blend in with kitchen counters or cooking islands, resulting in a streamlined and uncluttered appearance. This visual appeal is consistent with modern kitchen design ideas that emphasize clean lines and a unified look. As kitchens become smaller, built-in hobs provide an efficient way to use available space. They can be fitted flush with counters, conserving space while offering a useful cooking area. Because of the popularity of open-concept kitchen designs, built-in hobs are in high demand. These hobs integrate nicely with open layouts, offering a seamless transition between cooking and living areas. Based on ignition market is divided into gas/ liquid fuel and electric. Electric hobs is predicted to grow at fastest rate during the forecast period. Electric ignition reduces the risk of accidents and gas leaks by eliminating the need for an open flame during ignition. This safety feature appeals to consumers who value a safe cooking environment, particularly families with children. Electric ignition hobs can be combined with other cutting-edge technology like touch controls, timers, and smart features. This integration improves user ease by providing exact control over cooking settings as well as automation. Electric cooking technologies, such as induction cooking, have grown in popularity, contributing to the expansion of electric ignition hobs. Electric ignition hobs are popular among consumers who prefer electric cooking technology. Based on Burner/ Induction Zone, six burner segment is predicted to register highest CAGR in Global kitchen hobs market. The six-burner segment's importance is supported by its unrivaled ability to meet the needs of current cooking lovers and gourmet aficionados. Consumers are looking for kitchen appliances that provide more culinary alternatives and versatile performance as cooking becomes more creative and sophisticated. The six-burner layout is an appropriate choice since it offers a wide range of burners or induction zones, each customized to particular cooking techniques and heat intensities. This multitude of cooking places allows users to produce a variety of foods, from delicate sauces to scorching stir-fries, without sacrificing quality. Furthermore, the six-burner sector is perfectly aligned with the rising gourmet and multi-course meal preparation trend. As home cooks want to recreate restaurant-quality experiences in their kitchens, the six-burner layout provides the foundation for orchestrating complicated and elaborate dishes. This appeals to people who enjoy the art of culinary experimentation and want to impress their family and friends with their culinary skills. Furthermore, the rise of home entertainment and social events has increased demand for larger-capacity cooking appliances, which the six-burner hob effortlessly meets. The six-burner arrangement allows hosts to easily whip up a variety of scrumptious foods, catering to varied palates and dietary needs, whether hosting dinner parties or private gatherings. The ability of this segment to transform cooking into a social activity is consistent with the increasing image of the kitchen as the center of the home.

Based on price range, priced from USD 200 is expected to register highest CAGR in Global kitchen hobs market. As households prioritize cost-cutting measures, this market strikes a compromise between affordable pricing and the addition of innovative technologies that improve the cooking experience. The USD 200 price point is viewed as an intriguing proposition, appealing to a wide range of consumers eager to enhance their kitchens with modern equipment without going overboard. Furthermore, technical improvements have made it possible to incorporate novel features within this pricing range. Manufacturers are now selling kitchen hobs in the USD 200 price range that include features like energy-efficient technology, touch controls, safety features, and even smart connections. This mix of affordability and smart technology appeals to tech-savvy people looking for modern amenities at a reasonable price. Based on distribution online channel is predicted to grow with highest CAGR during the forecast period. Increased e-commerce usage has had a huge impact on the kitchen appliance sector, particularly kitchen hobs. Consumers are increasingly flocking to online platforms to explore, compare, and buy products, owing to the ease of being able to browse a large selection of possibilities from the comfort of their own homes. Online marketplaces provide a diverse assortment of kitchen hobs from various brands, types, and pricing points. Consumers can compare specifications, features, and customer reviews to make well-informed purchasing selections. Market Drivers • Focus on Kitchen Aesthetics: Consumers are becoming increasingly concerned with the aesthetic and style of their kitchens. Visually appealing kitchen hobs that easily blend with kitchen decor are in high demand, leading to the expansion of the luxury and designer appliance markets. • Energy Efficiency and Sustainability: Growing environmental consciousness and energy consumption concerns have fueled demand for energy-efficient appliances. Energy-efficient kitchen hobs are becoming increasingly popular as they cut both energy bills and carbon footprints. Market Restraints • Consumer shift towards smaller living spaces: The growing consumer preference for smaller living quarters, such as apartments and condos, which frequently have small kitchens. This constraint has fueled demand for space-saving kitchen appliances, such as hobs, which must be compact yet efficient, posing challenges for manufacturers in designing items that balance functionality and size. • Energy efficiency regulations and standards: Energy efficiency requirements and standards enforced by various governments are also market restrictions. While these rules aim to reduce energy consumption and promote sustainability, businesses frequently need to invest in R&D to ensure their goods conform, which can have an influence on their competitiveness and profit margins. Market Trends • Rapid advancement of technology: Kitchen appliance technology is rapidly advancing. Smart kitchen hobs have emerged as a prominent trend as connectivity becomes more integrated into daily life. These ranges are Wi-Fi enabled, letting customers manage cooking settings remotely via smartphone apps or voice assistants. This innovation not only improves convenience, but it also allows users to observe and change their cooking while they are not physically present in the kitchen. • Aesthetic considerations: The market has also developed in terms of aesthetics. Consumers no longer consider kitchen hobs to be solely functional appliances; instead, they choose goods that blend in with their kitchen design and overall home decor. As a result, manufacturers are emphasizing clean and minimalist designs, high-quality materials, and a variety of finishes to accommodate varied interior styles. Covid-19 Impacts The pandemic caused interruptions in worldwide supply networks, hurting kitchen hobs manufacturing and delivery. Delays and shortages were caused by lockdowns, mobility restrictions, and temporary closures of industries and production facilities. With lockdowns and stay-at-home orders in effect, more people spent time at home, which led to more cooking and meal preparation at home. As customers engaged in upgrading their home cooking experiences, this shift in consumer behavior fueled demand for kitchen appliances, notably kitchen hobs. Because of remote work arrangements, there has been a greater emphasis on building comfortable and productive home offices. As more individuals worked from home, the kitchen became more important as a multifunctional room, perhaps impacting demand for kitchen appliances. Market Players Insights LG Corporation, Whirlpool Corporation, Samsung Group, Siemens AG, Electrolux AB , Arçelik A.?. , Haier Group Corporation, Sub-Zero Group, Inc., Midea Group Co Ltd, Elica S.p.A. Considered in this report • Geography: Global • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Global Kitchen Hobs with its value and forecast along with its segments • Region-wise Kitchen Hobs market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Regions & Countries covered in the report • North America • Europe • Asia-Pacific • South America • Middle-East & Africa By Types • Free Standing • Built-In Hobs By Ignition • Gas/liquid fuel • Electric By Burner/Induction Zone • Four Burner • Two Burner • Three Burner • Five Burner • Six Burner By Price Range • Priced less than USD 100 • Priced From USD 100 - USD 200 • Priced From USD 200 above By Distribution Channel • Specialty retail stores • Hypermarket/supermarket • Multi Brand Stores • Online channels (company Websites, 3rd party online platform) The approach of the report This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations and organisations related to the Kitchen Hobs industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.