In 2023, the built-in hobs market is estimated to be worth US$ 4.2 billion, with projections indicating a value of US$ 8.7 billion by 2033. The market is expected to witness a Compound Annual Growth Rate (CAGR) of 7.6% from 2023 to 2033. The share of the built-in hobs market within its parent market, the built-in kitchen appliance market, is approximately ~27%-30%.
The global built-in hobs market is poised to experience the influence of related industries such as the hobs market and the residential hobs market. Through an analysis of these interconnected markets, Future Market Insights has uncovered valuable insights that can aid in the development of unique strategies to pursue growth opportunities and differentiate in the market.
In addition, the market’s sales of built-in hobs have increased due to the growing urbanisation and consumer demand for these appliances’ practicality, safety, and aesthetic appeal. The construction of opulent homes as well as the remodelling and repair of already-existing kitchens are driving up demand for high-end kitchen appliances.
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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.
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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
- Others (on request)
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.
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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)
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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