Built-In Hobs Market Sales are projected to increase at a 7.6% CAGR, with the market surpassing US$ 8.1 Bn by 2032

As per a recent market analysis by Future Market Insights (FMI), the built-in hobs market is poised to reach a valuation of US$ 3.9 Bn in 2022. Sales are projected to increase at a 7.6% CAGR, with the market surpassing US$ 8.1 Bn by 2032.

Growth in the market is underpinned by availability of large range of products across online and offline distribution channels coupled with growing adoption of modular and innovative appliances.

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.

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.

Request for Report Sample @ 
https://www.futuremarketinsights.com/reports/sample/rep-gb-14859

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.

 

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.

Request for Report Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-14859

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)

Ask Our Analyst More about Report @
https://www.futuremarketinsights.com/ask-question/rep-gb-14859

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.

Read Related Reports:

https://community-specialists.tribe.so/post/baby-personal-care-products-market-is-predicted-to-show-moderate-growth-sig–62fc0d1a2aa69dc74c3579e9

https://mayokodozite.tribe.so/post/baby-personal-care-products-market-is-predicted-to-show-moderate-growth-sig–62fc0d21c2df3208d3d2359e

https://immigrationsociety.tribe.so/post/baby-personal-care-products-market-is-predicted-to-show-moderate-growth-sig–62fc0d29700356a23874035e

https://howtolive.tribe.so/post/baby-personal-care-products-market-is-predicted-to-show-moderate-growth-sig–62fc0d2ffcbf7c1e358ebdc1

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact: 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report:
 https://www.futuremarketinsights.com/reports/built-in-hobs-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs 

 

 

About the Author

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these