As per newly released data by Future Market Insights (FMI), the built-in hobs market is estimated at USD 4.2 billion in 2023 and is projected to reach USD 8.7 billion by 2033, at a CAGR of 7.6% from 2023 to 2033. Share of built-in hobs market in its parent market (built-in kitchen appliance market) is approximately ~27%-30%.
A major factor driving the built-in hobs market is the large range of products available via both online and offline distribution channels with the rise in popularity of modular and innovative appliances,
Further, with the rise in consumer’s spending power and urbanization, the demand for convenience, safety, and aesthetic appeal of built-in hobs has increased in the market. Moreover, the development of luxury residences, renovation and restoration of existing kitchens there is an increasing demand for premium kitchen appliances among the buyers.
Furthermore, innovations in technology, such as the introduction of smart kitchen equipment that can be managed remotely, are further accelerating the market expansion. 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 which is further increasing the demand for built in hobs in the market.
| Attribute | Details |
|---|---|
| Estimated Built-in Hobs Market Size (2023E) | USD 4.2 Billion |
| Projected Built-in Hobs Market Valuation (2033F) | USD 8.7 Billion |
| Value-based CAGR (2023 to 2033) | 7.6% |
| Collective Value Share: Top 5 Countries (2023A) | 55% to 65% |
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Demand for built-in hobs is forecast to surge at a steady 7.6% CAGR, in comparison with the 6.1% CAGR registered between 2018 and 2022.
Growing trend of miniaturization on the supply-side owing to an increase in nuclear families has led to the designing of the products that are more compact and have the same efficiency. Increasing smart homes is also one of the prominent factors for the growth of the market. Due to emergence of technologies such as IoT, consumers are getting aware about the energy efficiency of induction hobs, thus driving the overall demand for the product globally.
Despite the fact that this product costs more than the other cook tops, consumers are becoming aware of the difference in energy efficiency and thus driving the overall demand. Through wireless connections provided by Wi-Fi or Bluetooth, the hobs can be easily controlled and alerted remotely from any part of the house.
Additional Features in Built-in Hobs Drives the Growth
Built-in hobs when compared to regular stove have European burning standard burners, and the flames intensity is quite low compared to other cooking tops, which helps the food in cooking fast and the where as in the other cook tops the flames are high which reduced the speed of cooking. As per the latest survey done by National Library of Medicine ~16.3% of people suffers burn because of failure to switch off knob, to overcome this issue built-in hobs are useful as they are installed automatic switch off and alarm systems after the food is cooked.
Furthermore, over the years urban and semi-urban people increasingly are furnishing modular kitchens with premium products compared to people living in rural areas, a consequence of their adopters' discretionary income and improving living standard. These are some of the factors which is surging the demand for built-in hob system.
Rising Demand for Smart Homes
The demand for built-in hobs is rising owing to an increase in disposable income of consumers, which is making built-in hobs more affordable. Increase in the number of new household construction is one of the major factors driving the demand for built-in hobs. Manufacturers of the built-in hobs market are coming up with products with additional features which is aiding the growth by attracting tech-savvy customers who desire convenience in their day to day life.
Availability of Traditional Gas Stoves
Built-in hobs related costs are anticipated to restrain market expansion throughout the forecast period. Another problem that's expected to limit market growth in the near future is the availability of conventional gas stoves. The alternative products available for cooking are cheaper, as a result, consumers tend to opt for the basic cooking appliances.
Nonetheless, the sector is expected to profit from an increase in demand for hobs throughout the forecast period owing to the rising incorporation of smart technologies such as flame failure detection technology.
| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 6.7% |
| Jul to Dec (H2), 2021 (A) | 6.9% |
| Jan to Jun (H1), 2022 Projected (P) | 6.8% |
| Jan to Jun (H1), 2022 Outlook (O) | 7.5% |
| Jul to Dec (H2), 2022 Outlook (O) | 7.7% |
| Jul to Dec (H2), 2022 Projected (P) | 7.0% |
| Jan to Jun (H1), 2023 Projected (P) | 7.0% |
| BPS Change: H1, 2022 (O) to H1, 2022 (P) | (+) 68 |
| BPS Change: H1, 2021 (O) to H1, 2022 (A) | (-) 75 |
| BPS Change: H2, 2022 (O) to H2, 2022 (P) | (+) 70 |
| BPS Change: H2, 2021 (O) to H2, 2022 (P) | (-) 77 |
Principal Consultant
| Country | USA |
|---|---|
| Market Share (2023) | 11.5% |
| Market Share (2033) | 9.9% |
| BPS Analysis | (-) 156 |
| Country | United Kingdom |
|---|---|
| Market Share (2023) | 17.7% |
| Market Share (2033) | 17.7% |
| BPS Analysis | (+) 2 |
| Country | India |
|---|---|
| Market Share (2023) | 7.0% |
| Market Share (2033) | 6.7% |
| BPS Analysis | (-) 28 |
Rise in demand of products in suburban and non-urban areas helping the market grow in USA
In North America, the USA has emerged as a promising market for built-in hobs products. The expanding popularity of top-quality indoor home appliances in suburban and non-urban areas within the United States is fueling the ongoing significant increase in the growth of built-in stove sales. Modern appliances are in great demand, partly because of growing living standards and rising disposable incomes among consumers.
Built in Hobs are being adopted more widely due to urbanization and increased safety
Built-in Hob sales in Europe are expected to register a significant CAGR from 2023 to 2033, with United Kingdom being the largest revenue contributor to the market in the region. In the United Kingdom market, built in Hobs are being adopted more widely due to urbanization and increased safety. Furthermore, with the growth of the working class and the trend of fast-food consumption, customers are becoming more health-conscious. Some of the factors which is helping the sales for built-in hobs in United Kingdom market.
Growing popularity of more sophisticated and integrated appliances
In South Asia, India is a prominent market for built-in hobs, and is expected to have highest market by the end of 2023, the reason being the built-in hobs market is driven by an increased availability of these products in online stores and stores, along with the growing popularity of more sophisticated and integrated appliances.
The industry has been further energized by the many technological developments taking place in the industry, in addition to the increased penetration of smart devices, which have led to the introduction of smart kitchen appliances that can be wirelessly connected.
Availability of product at low cost
The market value of electric-hobs is expected to be hold major share of by the end of 2023, the reason being the cost of electric hobs are less when compared to other electric based hob products like Induction. Other factor which is driving demand is for electric hobs is that they will work with any pans and pots, from stainless steel to cast iron. A built-in electric hob can work without magnetic cookware, which includes copper, glass, and aluminum are some of the reason which is driving the sales for built-in hobs.
Exclusive stores are expected to be the dominated sales channel medium.
According to the analysis, exclusive stores is predicted to dominate over the forecast period, customers prefer to touch and feel built in hobs products before buying it, furthermore these exclusive store provide customer with technical support which help them understand the use of these products. These are some of the factor which will help to drive the sales for built in hobs through exclusive stores.
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To obtain an advantage over their rivals and to expand their product range, manufacturers are focused on numerous facets of innovation.
For Instance, in the year 2022, Häfele offered built-in hobs with ZETA services, in which burners use air above the stove to kindle a flame for a clean and effective burning process.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million/Billion for Value |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Benelux, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others (as per request) |
| Key Segments Covered | Product Type, Burner Type, Sales Channel, Country |
| Key Companies Profiled | 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) |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The built-in hobs market size reaches USD 4.2 billion in 2023.
The built-in hobs market is set to proliferate at a CAGR of 7.6% through 2033.
Electric hobs are gaining the maximum popularity as they secure a substantial market share in 2023.
Changing kitchen designs, technological advancements, and evolving consumer preferences are key demand drivers for built-in hobs.
Key built-in hobs market players include Robert Bosch GmbH, Häfele, Stove Kraft Limited, TTK Prestige Limited, Franke-Faber, and others.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market - Pricing Analysis 6. Global Market Demand (in Value or Size in USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7. Market Background 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product Type 8.1. Electric 8.2. Ceramic 8.3. Others (Induction, gas) 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Burner Type 9.1. 2 Burner 9.2. 3 Burner 9.3. 4 Burner 9.4. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Sales Channel 10.1. Multi-Brand Stores 10.2. Exclusive Stores 10.3. Online Stores 10.4. Independent Stores 10.5. Others 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Market Structure Analysis 20. Competition Analysis 20.1. Robert Bosch GmbH 20.2. Häfele 20.3. Electrolux AB 20.4. Stove Kraft Limited 20.5. TTK Prestige Limited 20.6. Somany Home Innovation Limited (SHIL) 20.7. Franke-Faber 20.8. CATA Electrodomesticos India 20.9. Sunflame Enterprises Private limited 20.10. Others (on request) 21. Assumptions and Acronyms Used 22. Research Methodology
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Built-In Hobs Market
