Induction Cooktops Market Size, Share & Trends Analysis Report By Product (Built-in, Free-standing), By Application (Household, Commercial), By Distribution Channel, By Region, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global induction cooktop market size is expected to reach USD 27.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.7% over the forecast period. Rising awareness about safety and energy efficiency among middle-income age groups across the globe is expected to expand the scope of induction cooktop. In addition, increasing importance of modular kitchen as they offer excellent convenience, aesthetic appeal, and efficient storage capabilities is expected to expand the market reach.

The built-in product segment is expected to remain the largest segment over the next few years. These products find use as they offer various benefits such as smart slide, temperature control, four cooking zones, and child lock safety system. Additionally, new product launches by the industry participants through the inclusion of technological features such as smart device connectivity are expected to play a key role in promoting the utility of built-in products in the near future.

The household application segment held the largest market share in 2018and is expected to witness the fastest growth from 2019 to 2025. Growing middle-class population, rising LPG price, and developing infrastructural facilities in the developing countries including China and India are expected to have a favorable impact on the market growth. Additionally, the working class population will opt for these types of cooktops as they offer time saving and energy efficient features.

Europe dominated the induction cooktop market in 2018, accounting for more than 35.0% share of the global revenue. Rapid adoption of smart kitchen appliances in western European countries including Germany and U.K. is expected to be a key driving factor of the industry in this region. Asia Pacific is expected to witness the fastest growth in the upcoming years. Growing purchasing power, along with increasing popularity of modular kitchen in emerging economies including China and India, is anticipated to have a positive impact on the growth.

Major producers of this industry include Whirlpool Corporation; LG Electronics Inc.; Robert Bosch GmbH; Electrolux AB; TTK Group; Panasonic Corporation; Smeg; Koninklijke Philips N.V.; General Electric Company; Sub-Zero Group, Inc.; and Miele. Over the past few years, the manufacturers have been emphasizing on product innovation in order to expand their market share. For instance, in January 2015, General Electric Company launched three new products under the brand names Cafe, Profile, and Monogram that have swipe-friendly control and precise heat control.

Further key findings from the report suggest:

• The built-in product segment generated a revenue of more than USD 10.0 billion in 2018

• The household application segment held the largest induction cooktop market share accounted for over 70.0% of the total revenue in 2018

• Asia Pacific is expected to expand at the fastest CAGR of 8.3% from 2019 to 2025.

 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. GVR's 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 Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Induction Cooktop Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                         3.3.1. Sales/Retail Channel Analysis
                         3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                         3.4.1. Market Driver Analysis
                         3.4.2. Market Restraint Analysis
                         3.4.3. Industry Challenges
                         3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                         3.5.1. Industry Analysis - Porter's
                              3.5.1.1. Supplier Power
                              3.5.1.2. Buyer Power
                              3.5.1.3. Substitution Threat
                              3.5.1.4. Threat from New Entrant 
                              3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Induction Cooktop Market
                    3.7. Market Entry Strategies 
Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer Application Adoption 
                    4.4. Observations & Recommendations
Chapter 5. Induction Cooktop Market: Product Estimates & Trend Analysis
                    5.1. Product Movement Analysis & Market Share, 2018 & 2025
                    5.2. Built-in
                         5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Free-standing
                         5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Induction Cooktop Market: Application Estimates & Trend Analysis
                    6.1. Application Movement Analysis & Market Share, 2018 & 2025
                    6.2. Household
                         6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Commercial
                         6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Induction Cooktop Market: Distribution Channel Estimates & Trend Analysis
                    7.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                    7.2. Hypermarkets & Supermarkets
                         7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    7.3. Specialty Stores
                         7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    7.4. Online
                         7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 8. Induction Cooktop Market: Regional Estimates & Trend Analysis
                    8.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    8.2. North America
                         8.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         8.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                         8.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                         8.2.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         8.2.5. U.S.
                              8.2.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              8.2.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              8.2.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                              8.2.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.3. Europe
                         8.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         8.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                         8.3.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                         8.3.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         8.3.5. Germany
                              8.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              8.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              8.3.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                              8.3.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         8.3.6. U.K.
                              8.3.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              8.3.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              8.3.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                              8.3.6.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.4. Asia Pacific
                         8.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         8.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                         8.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                         8.4.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         8.4.5. China
                              8.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              8.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              8.4.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                              8.4.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         8.4.6. India
                              8.4.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              8.4.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              8.4.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                              8.4.6.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.5. Central & South America
                         8.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         8.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                         8.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                         8.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         8.5.5. Brazil
                              8.5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              8.5.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              8.5.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                              8.5.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.6. Middle East & Africa (MEA)
                         8.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         8.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                         8.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                         8.6.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         8.6.5. South Africa
                              8.6.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              8.6.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              8.6.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                              8.6.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
Chapter 9. Competitive Analysis
                    9.1. Key global players, recent developments & their impact on the industry
                    9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    9.3. Vendor Landscape
                         9.3.1. Key company market share analysis, 2018
Chapter 10. Company Profiles
                    10.1. Whirlpool Corporation
                         10.1.1. Company Overview
                         10.1.2. Financial Performance
                         10.1.3. Application Benchmarking
                         10.1.4. Strategic Initiatives
                    10.2. LG Electronics Inc.
                         10.2.1. Company Overview
                         10.2.2. Financial Performance
                         10.2.3. Application Benchmarking
                         10.2.4. Strategic Initiatives
                    10.3. Electrolux AB
                         10.3.1. Company Overview
                         10.3.2. Financial Performance
                         10.3.3. Application Benchmarking
                         10.3.4. Strategic Initiatives
                    10.4. TTK Group
                         10.4.1. Company Overview
                         10.4.2. Financial Performance
                         10.4.3. Application Benchmarking
                         10.4.4. Strategic Initiatives
                    10.5. Smeg
                         10.5.1. Company Overview
                         10.5.2. Financial Performance
                         10.5.3. Application Benchmarking
                         10.5.4. Strategic Initiatives
                    10.6. Koninklijke Philips N.V.
                         10.6.1. Company Overview
                         10.6.2. Financial Performance
                         10.6.3. Application Benchmarking
                         10.6.4. Strategic Initiatives
                    10.7. Robert Bosch GmbH
                         10.7.1. Company Overview
                         10.7.2. Financial Performance
                         10.7.3. Application Benchmarking
                         10.7.4. Strategic Initiatives
                    10.8. Panasonic Corporation
                         10.8.1. Company Overview
                         10.8.2. Financial Performance
                         10.8.3. Application Benchmarking
                         10.8.4. Strategic Initiatives
                    10.9. General Electric Corporation
                         10.9.1. Company Overview
                         10.9.2. Financial Performance
                         10.9.3. Application Benchmarking
                         10.9.4. Strategic Initiatives
                    10.10. Sub-Zero Group, Inc.
                         10.10.1. Company Overview
                         10.10.2. Financial Performance
                         10.10.3. Application Benchmarking
                         10.10.4. Strategic Initiatives
                    10.11. Miele
                         10.11.1. Company Overview
                         10.11.2. Financial Performance
                         10.11.3. Application Benchmarking
                         10.11.4. Strategic Initiatives

List of Tables

1. Induction cooktop - Key market driver analysis
2. Induction cooktop - Key market restraint analysis
3. Global induction cooktop market estimates and forecast, 2015 - 2025 (USD Million)
4. Global built-in induction cooktop market estimates and forecast, 2015 - 2025 (USD Million)
5. Global free-standing induction cooktop market estimates and forecast, 2015 - 2025 (USD Million)
6. Global induction cooktop market estimates and forecast for household applications, 2015 - 2025 (USD Million)
7. Global induction cooktop market estimates and forecast for commercial applications, 2015 - 2025 (USD Million)
8. Global induction cooktop market estimates and forecast through hypermarkets & supermarkets, 2015 - 2025 (USD Million)
9. Global induction cooktop market estimates and forecast through specialty stores, 2015 - 2025 (USD Million)
10. Global induction cooktop market estimates and forecast through online, 2015 - 2025 (USD Million)
11. North America induction cooktop market estimates and forecast, 2015 - 2025 (USD Million)
12. North America induction cooktop market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
13. North America induction cooktop market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
14. North America induction cooktop market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
15. U.S. induction cooktop market estimates and forecast, 2015 - 2025 (USD Million)
16. U.S. induction cooktop market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
17. U.S. induction cooktop market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
18. U.S. induction cooktop market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
19. Europe induction cooktop market estimates and forecast, 2015 - 2025 (USD Million)
20. Europe induction cooktop market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
21. Europe induction cooktop market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
22. Europe induction cooktop market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
23. Germany induction cooktop market estimates and forecast, 2015 - 2025 (USD Million)
24. Germany induction cooktop market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
25. Germany induction cooktop market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
26. Germany induction cooktop market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
27. U.K. induction cooktop market estimates and forecast, 2015 - 2025 (USD Million)
28. U.K. induction cooktop market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
29. U.K. induction cooktop market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
30. U.K. induction cooktop market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
31. Asia Pacific induction cooktop market estimates and forecast, 2015 - 2025 (USD Million)
32. Asia Pacific induction cooktop market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
33. Asia Pacific induction cooktop market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
34. Asia Pacific induction cooktop market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
35. China induction cooktop market estimates and forecast, 2015 - 2025 (USD Million)
36. China induction cooktop market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
37. China induction cooktop market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
38. China induction cooktop market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
39. India induction cooktop market estimates and forecast, 2015 - 2025 (USD Million)
40. India induction cooktop market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
41. India induction cooktop market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
42. India induction cooktop market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
43. Central & South America induction cooktop market estimates and forecast, 2015 - 2025 (USD Million)
44. Central & South America induction cooktop market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
45. Central & South America induction cooktop market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
46. Central & South America induction cooktop market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
47. Brazil induction cooktop market estimates and forecast, 2015 - 2025 (USD Million)
48. Brazil induction cooktop market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
49. Brazil induction cooktop market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
50. Brazil market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
51. MEA induction cooktop market estimates and forecast, 20145- 2025 (USD Million)
52. MEA induction cooktop market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
53. MEA induction cooktop market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
54. MEA induction cooktop market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
55. South Africa induction cooktop market estimates and forecast, 20145- 2025 (USD Million)
56. South Africa induction cooktop market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
57. South Africa induction cooktop market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
58. South Africa induction cooktop market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
59. Vendor landscape

List of Figures

1. Induction cooktop market snapshot 
2. Induction cooktop market segmentation & scope
3. Induction cooktop market penetration & growth prospect mapping
4. Induction cooktop value chain analysis
5. Induction cooktop market dynamics
6. Induction cooktop market Porter's analysis 
7. Induction cooktop market: Product movement analysis
8. Induction cooktop market: Application movement analysis
9. Induction cooktop market: Distribution Channel movement analysis 
10. Induction cooktop market: Regional movement analysis