Residential Hobs Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global residential hobs market. The report provides a detailed assessment of key market dynamics, including drivers, trends, opportunities, and challenges, offering deep insights into the market structure. This research publication presents exclusive data and statistics projecting the anticipated growth trajectory of the residential hobs market from 2024 to 2031.

Key Insights:

Residential Hobs Market Size (2024E): USD 21.0 Billion
Projected Market Value (2031F): USD 33.5 Billion
Global Market Growth Rate (CAGR 2024 to 2031): 7.0%

Residential Hobs Market - Report Scope:

Residential hobs serve as pivotal kitchen appliances, enhancing cooking convenience and efficiency in households worldwide. The market caters to diverse consumer preferences, offering a range of hob types and functionalities to meet varied culinary needs and design preferences. Technological innovations, such as touch controls, smart connectivity, and energy-efficient designs, drive market evolution, influencing consumer purchase decisions and market growth.

Market Growth Drivers:

The global residential hobs market is bolstered by several key factors, including increasing disposable incomes, changing dietary habits, and the growing trend towards modular kitchen designs. Technological advancements, such as sensor-based cooking controls and energy-efficient induction technologies, contribute to market expansion, offering enhanced user experience and environmental sustainability. Additionally, the rising demand for stylish, space-saving kitchen appliances further propels market growth, reflecting evolving consumer aesthetics and functional preferences.

Market Restraints:

Despite robust growth prospects, the residential hobs market faces challenges related to fluctuating raw material costs, regulatory compliance, and competitive pricing pressures. Economic uncertainties and market saturation in developed regions also impact market dynamics, influencing product innovation and market penetration strategies for manufacturers.

Market Opportunities:

The residential hobs market presents significant growth opportunities driven by innovations in cooking technologies, demographic shifts, and increasing consumer awareness regarding energy-efficient appliances. Integration with smart home ecosystems, customization options, and expansion into emerging markets offer avenues for market players to diversify their product portfolios and capture new consumer segments.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the residential hobs market globally?
Which hob types and technological features are gaining prominence among consumers?
How are advancements in kitchen design influencing the adoption of residential hobs?
Who are the key players in the residential hobs market, and what strategies are they employing to maintain market leadership?
What are the emerging trends and future prospects in the global residential hobs market?

Competitive Intelligence and Business Strategy:

Leading players in the global residential hobs market, including Bosch Home Appliances, Whirlpool Corporation, and Electrolux AB, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to introduce advanced hob technologies, enhance user convenience, and meet sustainability goals. Collaborations with interior designers, real estate developers, and online retail platforms strengthen market presence and stimulate consumer engagement.

Key Companies Profiled:

Whirlpool Corporation
AB Electrolux
Samsung Electronics Co. Ltd.
Midea Group Co., Ltd.
Siemens AG
Robert Bosch GmbH
Haier Group Corporation
Arcelik A.S.
Panasonic Corporation
Miele & Cie. Kg
IFB Industries Limited

Residential Hobs Market Research Segmentation

By Product Type:

Gas Hobs
Induction Hobs

By Price Range:

Low Range
Medium Range
High Range

By Number of Burner/Induction Zones:

Two
Three

By Sales Channel:

Exclusive Stores
Multi-brand Stores
Online Stores
Independent Stores

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33645

1. Executive Summary

1.1. Global Residential Hobs Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Type Lifecycle Analysis
2.4. Residential Hobs Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Residential Hobs Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Bn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2019-2023
- 3.2.2. Current Market Size Forecast, 2024-2031
3.3. Global Residential Hobs Market Outlook: Product Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Product Type, 2019-2023
- 3.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
  - 3.3.3.1. Gas Hobs
  - 3.3.3.2. Induction Hobs
3.4. Market Attractiveness Analysis: Product Type
3.5. Global Residential Hobs Market Outlook: Price Range
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Price Range, 2019-2023
- 3.5.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Price Range, 2024-2031
  - 3.5.3.1. Low Range
  - 3.5.3.2. Medium Range
  - 3.5.3.3. High Range
3.6. Market Attractiveness Analysis: Price Range
3.7. Global Residential Hobs Market Outlook: Number of Burner/Induction Zones
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Number of Burner/Induction Zones, 2019-2023
- 3.7.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Number of Burner/Induction Zones, 2024-2031
  - 3.7.3.1. Two
  - 3.7.3.2. Three
3.8. Market Attractiveness Analysis: Number of Burner/Induction Zones
3.9. Global Residential Hobs Market Outlook: Sales Channel
- 3.9.1. Introduction / Key Findings
- 3.9.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Sales Channel, 2019-2023
- 3.9.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Sales Channel, 2024-2031
  - 3.9.3.1. Exclusive Stores
  - 3.9.3.2. Multi-brand Stores
  - 3.9.3.3. Online Stores
  - 3.9.3.4. Independent Stores
  - 3.9.3.5. Others
3.10. Market Attractiveness Analysis: Sales Channel

4. Global Residential Hobs Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Region, 2019-2023
4.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Region, 2024-2031
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Residential Hobs Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 5.3.1. By Country
- 5.3.2. By Product Type
- 5.3.3. By Price Range
- 5.3.4. By Number of Burner/Induction Zones
- 5.3.5. By Sales Channel
5.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 5.5.1. Gas Hobs
- 5.5.2. Induction Hobs
5.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Price Range, 2024-2031
- 5.6.1. Low Range
- 5.6.2. Medium Range
- 5.6.3. High Range
5.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Number of Burner/Induction Zones, 2024-2031
- 5.7.1. Two
- 5.7.2. Three
5.8. Current Market Size (US$ Bn) and Volume (Units) Forecast By Sales Channel, 2024-2031
- 5.8.1. Exclusive Stores
- 5.8.2. Multi-brand Stores
- 5.8.3. Online Stores
- 5.8.4. Independent Stores
- 5.8.5. Others
5.9. Market Attractiveness Analysis

6. Europe Residential Hobs Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 6.3.1. By Country
- 6.3.2. By Product Type
- 6.3.3. By Price Range
- 6.3.4. By Number of Burner/Induction Zones
- 6.3.5. By Sales Channel
6.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkey
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 6.5.1. Gas Hobs
- 6.5.2. Induction Hobs
6.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Price Range, 2024-2031
- 6.6.1. Low Range
- 6.6.2. Medium Range
- 6.6.3. High Range
6.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Number of Burner/Induction Zones, 2024-2031
- 6.7.1. Two
- 6.7.2. Three
6.8. Current Market Size (US$ Bn) and Volume (Units) Forecast By Sales Channel, 2024-2031
- 6.8.1. Exclusive stores
- 6.8.2. Multi-brand stores
- 6.8.3. Online stores
- 6.8.4. Independent stores
- 6.8.5. Others
6.9. Market Attractiveness Analysis

7. East Asia Residential Hobs Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Product Type
- 7.3.3. By Price Range
- 7.3.4. By Number of Burner/Induction Zones
- 7.3.5. By Sales Channel
7.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 7.5.1. Gas Hobs
- 7.5.2. Induction Hobs
7.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Price Range, 2024-2031
- 7.6.1. Low Range
- 7.6.2. Medium Range
- 7.6.3. High Range
7.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Number of Burner/Induction Zones, 2024-2031
- 7.7.1. Two
- 7.7.2. Three
7.8. Current Market Size (US$ Bn) and Volume (Units) Forecast By Sales Channel, 2024-2031
- 7.8.1. Exclusive stores
- 7.8.2. Multi-brand stores
- 7.8.3. Online stores
- 7.8.4. Independent stores
- 7.8.5. Others
7.9. Market Attractiveness Analysis

8. South Asia & Oceania Residential Hobs Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Product Type
- 8.3.3. By Price Range
- 8.3.4. By Number of Burner/Induction Zones
- 8.3.5. By Sales Channel
8.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 8.5.1. Gas Hobs
- 8.5.2. Induction Hobs
8.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Price Range, 2024-2031
- 8.6.1. Low Range
- 8.6.2. Medium Range
- 8.6.3. High Range
8.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Number of Burner/Induction Zones, 2024-2031
- 8.7.1. Two
- 8.7.2. Three
8.8. Current Market Size (US$ Bn) and Volume (Units) Forecast By Sales Channel, 2024-2031
- 8.8.1. Exclusive stores
- 8.8.2. Multi-brand stores
- 8.8.3. Online stores
- 8.8.4. Independent stores
- 8.8.5. Others
8.9. Market Attractiveness Analysis

9. Latin America Residential Hobs Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Product Type
- 9.3.3. By Price Range
- 9.3.4. By Number of Burner/Induction Zones
- 9.3.5. By Sales Channel
9.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 9.5.1. Gas Hobs
- 9.5.2. Induction Hobs
9.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Price Range, 2024-2031
- 9.6.1. Low Range
- 9.6.2. Medium Range
- 9.6.3. High Range
9.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Number of Burner/Induction Zones, 2024-2031
- 9.7.1. Two
- 9.7.2. Three
9.8. Current Market Size (US$ Bn) and Volume (Units) Forecast By Sales Channel, 2024-2031
- 9.8.1. Exclusive stores
- 9.8.2. Multi-brand stores
- 9.8.3. Online stores
- 9.8.4. Independent stores
- 9.8.5. Others
9.9. Market Attractiveness Analysis

10. Middle East & Africa Residential Hobs Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Product Type
- 10.3.3. By Price Range
- 10.3.4. By Number of Burner/Induction Zones
- 10.3.5. By Sales Channel
10.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 10.5.1. Gas Hobs
- 10.5.2. Induction Hobs
10.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Price Range, 2024-2031
- 10.6.1. Low Range
- 10.6.2. Medium Range
- 10.6.3. High Range
10.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Number of Burner/Induction Zones, 2024-2031
- 10.7.1. Two
- 10.7.2. Three
10.8. Current Market Size (US$ Bn) and Volume (Units) Forecast By Sales Channel, 2024-2031
- 10.8.1. Exclusive stores
- 10.8.2. Multi-brand stores
- 10.8.3. Online stores
- 10.8.4. Independent stores
- 10.8.5. Others
10.9. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2024
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Induction Hobs
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Whirlpool Corporation
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. AB Electrolux
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Samsung Electronics Co. Ltd.
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Midea Group Co., Ltd.
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Siemens AG
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Robert Bosch GmbH
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Haier Group Corporation
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Miele & Cie. Kg
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Panasonic Corporation
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Arcelik A.S.
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy
- 11.3.11. IFB Industries Limited
  - 11.3.11.1. Overview
  - 11.3.11.2. Segments and Product
  - 11.3.11.3. Key Financials
  - 11.3.11.4. Market Developments
  - 11.3.11.5. Market Strategy
- 11.3.12. Others

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations