Stove and Hobs Market 2022-2028

Description

List of Tables

Title:Global Stove and Hobs Market Size, Share & Trends Analysis Report by Product Type (Gas Stoves and Hobs, and Induction Stoves and Hobs) by Base Material (Glass, and Stainless Steel), and by Burner (Two, Three, Four, Five, Six) Forecast Period (2022-2028).

The global Stove and Hobs market is anticipated to grow at a substantial CAGR of 7.2% during the forecast period. The major factors that are fueling the market is the growing global stove and hobs demand in food industry, and rapid adoption of modular kitchen appliances in the urban and semi-urban areas. Aside from that, the increased demand for such appliances is bolstered by customers' rising living standards, which are aided by their rising disposable income levels. As a result, such appliances are widely available at a variety of price points, appealing to consumers of all economic levels. Furthermore, increased urbanization, combined with an increase in the development of, luxury apartments, villas, and kitchen renovations, is driving up sales of high-end kitchen appliances.

The global Stove and Hobs market is segmented based on product type, base material, and burner. Based on product type, the market is segmented into gas and induction. By base material, the market is segmented into glass and stainless steel. By burner, the market is segmented into two, three, four, five, and six. The six burner is expected to have a significant market share due to the high application of stoves and hobs in the kitchen of restaurants across the globe. Six burner hobs will observe a significant growth rate due to the rising number of store chains such as Dominos, KFC, McDonald's, Subway, Burger King, and others target among others in emerging economies across the globe. Six burner stoves and hobs are ideal for restaurants as they can cook in large quantities simultaneously.

Geographically market is segmented into: North America, Europe, Asia Pacific, and the Rest of the World. Latin America has seen significant growth in the global stoves and hobs market. The US Environmental Protection Agency's Partnership for Clean Indoor Air Award for Developing Local Markets has been given to StoveTeam's innovative strategy for establishing local projects in Latin America for creating local jobs while improving health and decreasing pollution. Too far, StoveTeam's local projects in Guatemala, El Salvador, Nicaragua, Honduras, and Mexico have created over 79,000 stoves, benefiting over half a million people and reducing approximately one million tones of CO2 from entering the atmosphere.

The major companies serving the global stove and hobs market include market BSH Hausgerate GmbH, Haier Inc., LG Electronics, Panasonic, Whirlpool Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2019, Zepa, an Italian company based in Veneto Region, launched its new Pro Gas Hobs Range. The company is specialized in cooking and launched a range of gas hobs with professional features but for domestic use. The new hobs feature 4.5 kW "hi-efficiency " burners, with Dual function for Wok burners, in addition to the innovative StepFlame system for all burners.

Research Methodology

The market study of the global stove and hobs market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market by integrating different models.

Market Segmentation

Global Stove and Hobs Market Research and Analysis by Product Type
Global Stove and Hobs Market Research and Analysis by Base Material
Global Stove and Hobs Market Research and Analysis by Burner

The Report Covers:

Comprehensive research methodology of the global stove and hobs market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global stove and hobs market.
Insights about market determinants that are stimulating the global stoves and hobs market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026688

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Stove and Hobs Market
Recovery Scenario of Global Stove and Hobs Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. BSH Hausgerate GmbH (Bosch-Siemens Hausgeraete GmbH)
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Haier Inc.
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. LG Electronics
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Elica S.p.A.
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. Whirlpool Corp.
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players

4. Market Segmentation

4.1. Global Stove and Hobs Market by Product Type
- 4.1.1. Gas
- 4.1.2. Induction
4.2. Global Stove and Hobs Market by Base Material
- 4.2.1. Glass
- 4.2.2. Stainless Steel
4.3. Global Stove and Hobs Market by Burner
- 4.3.1. Two
- 4.3.2. Three
- 4.3.3. Four
- 4.3.4. Five
- 4.3.5. Six

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. AB Electrolux
6.2. Arcelik A.S. (Beko)
6.3. Bosch-Siemens Hausgeraete GmbH
6.4. Capella Home Appliances
6.5. CATA Appliances Ltd.
6.6. Daewoo Electronics Corp.
6.7. Electron International
6.8. Elica S.p.A.
6.9. Envirofit
6.10. FABER S.p.A.
6.11. Frankie Faber India Ltd.
6.12. Glen Dimplex Group
6.13. Hafele
6.14. IFB Industries Limited
6.15. Midea Group Co., Ltd.
6.16. Miele & Cie. Kg
6.17. Panasonic Corporation
6.18. Samsung Electronics Co. Ltd.
6.19. Sunflame Enterprises Private Ltd.