As per newly released data by Future Market Insights (FMI), the built-in hobs market is estimated at US$ 4.2 billion in 2023 and is projected to reach US$ 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) | US$ 4.2 Billion |
| Projected Built-in Hobs Market Valuation (2033F) | US$ 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.
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.
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.
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 |
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| 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 | US$ 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 US$ 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 | Built-in Hobs Market
1.1. Global Market Outlook
1.2. Summary of Key Statistics
1.3. Summary of Key Findings
1.4. Product Evolution Analysis
1.5. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Winning Themes
3.3. Key Product Development Trends
3.3.1. Product Launches
3.3.2. Acquisition & Mergers
3.3.3. Expansion
4. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Volume (‘000 Units) Analysis, 2018 to 2022
4.2. Current and Future Market Volume (‘000 Units) Projections, 2023 to 2033
4.3. Y-o-Y Growth Trend Analysis
5. Global Market - Pricing Analysis
5.1. Regional Pricing Analysis By Price Range
5.2. Pricing Break-up
5.2.1. Manufacturer Level Pricing
5.2.2. Distributor Level Pricing
5.3. Global Average Pricing Analysis Benchmark
6. Global Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
6.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022
6.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Market Background
7.1. Macro-Economic Factors
7.1.1. Global GDP Growth Outlook
7.1.2. Global Industry Value Added
7.1.3. Global Consumer Spending Outlook
7.1.4. Global E-Commerce Industry Outlook
7.1.5. Per-Capita Spending Outlook
7.1.6. Other Key Macro-Economic Factors
7.2. Industry Value and Sales Channel Analysis
7.3. Forecast Factors - Relevance & Impact
7.3.1. Top Companies Historical Growth
7.3.2. Global Population Growth Outlook
7.3.3. GDP Growth Rate Analysis
7.3.4. Manufacturing Sector GVA
7.3.5. Per Capita Disposable Income
7.3.6. Other Key Forecast Factors
7.4. PESTLE Analysis of Market
7.5. Porter’s Five Force
7.6. Investment Feasibility Analysis
7.7. Market Dynamics
7.7.1. Drivers
7.7.2. Restraints
7.7.3. Opportunity Analysis
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) and Volume Analysis By Product Type, 2018 to 2022
8.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Type, 2023 to 2033
8.3.1. Electric
8.3.2. Ceramic
8.3.3. Others (Induction, gas)
8.4. Market Attractiveness Analysis By Product type
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Burner Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) and Volume Analysis By Burner Type, 2018 to 2022
9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast Burner Type, 2023 to 2033
9.3.1. 2 Burner
9.3.2. 3 Burner
9.3.3. 4 Burner
9.3.4. Others
9.4. Market Attractiveness Analysis By Burner Type
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Sales Channel
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) and Volume Analysis By Sales Channel, 2018 to 2022
10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast Sales Channel, 2023 to 2033
10.3.1. Multi-Brand Stores
10.3.2. Exclusive Stores
10.3.3. Online Stores
10.3.4. Independent Stores
10.3.5. Others
10.4. Market Attractiveness Analysis By Sales Channel
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country
11.1. Introduction
11.2. Historical Market Size (US$ Million) and Volume Analysis By Country, 2018 to 2022
11.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Country, 2023 to 2033
11.3.1. The USA
11.3.2. Canada
11.3.3. Mexico
11.3.4. Argentina
11.3.5. Brazil
11.3.6. Germany
11.3.7. United Kingdom
11.3.8. Spain
11.3.9. France
11.3.10. Italy
11.3.11. China
11.3.12. Japan
11.3.13. India
11.3.14. South Korea
11.3.15. Thailand
11.3.16. Indonesia
11.3.17. Malaysia
11.3.18. Singapore
11.3.19. Australia
11.3.20. UAE
11.3.21. KSA
11.4. Market Attractiveness Analysis By Country
12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
12.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
12.4.1. By Country
12.4.1.1. USA
12.4.1.2. Canada
12.4.2. By Product Type
12.4.3. By Burner Type
12.4.4. By Sales Channel
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Product Type
12.5.3. By Burner Type
12.5.4. By Sales Channel
12.6. Market Trends
12.7. Key Market Participants - Intensity Mapping
12.8. Drivers and Restraints - Impact Analysis
13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
13.4.1. By Country
13.4.1.1. Brazil
13.4.1.2. Mexico
13.4.1.3. Argentina
13.4.1.4. Rest of Latin America
13.4.2. By Product Type
13.4.3. By Burner Type
13.4.4. By Sales Channel
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Product Type
13.5.3. By Burner Type
13.5.4. By Sales Channel
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis
14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
14.4.1. By Country
14.4.1.1. United Kingdom
14.4.1.2. France
14.4.1.3. Germany
14.4.1.4. Italy
14.4.1.5. Spain
14.4.1.6. Rest of Europe
14.4.2. By Product Type
14.4.3. By Burner Type
14.4.4. By Sales Channel
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Product Type
14.5.3. By Burner Type
14.5.4. By Sales Channel
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis
15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
15.4.1. By Country
15.4.1.1. China
15.4.1.2. Japan
15.4.1.3. South Korea
15.4.2. By Product Type
15.4.3. By Burner Type
15.4.4. By Sales Channel
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Product Type
15.5.3. By Burner Type
15.5.4. By Sales Channel
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis
16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
16.4.1. By Country
16.4.1.1. India
16.4.1.2. Indonesia
16.4.1.3. Malaysia
16.4.1.4. Thailand
16.4.1.5. Rest of South Asia
16.4.2. By Product Type
16.4.3. By Burner Type
16.4.4. By Sales Channel
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Product Type
16.5.3. By Burner Type
16.5.4. By Sales Channel
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
17.4.1. By Country
17.4.1.1. Australia
17.4.1.2. New Zealand
17.4.2. By Product Type
17.4.3. By Burner Type
17.4.4. By Sales Channel
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Product Type
17.5.3. By Burner Type
17.5.4. By Sales Channel
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis
18. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
18.4.1. By Country
18.4.1.1. GCC Countries
18.4.1.2. South Africa
18.4.1.3. North Africa
18.4.1.4. Rest of MEA
18.4.2. By Product Type
18.4.3. By Burner Type
18.4.4. By Sales Channel
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Product Type
18.5.3. By Burner Type
18.5.4. By Sales Channel
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis
19. Market Structure Analysis
19.1. Market Analysis by Tier of Companies (Built-in Hobs)
19.2. Market Concentration
19.3. Market Share Analysis of Top Players
19.4. Market Presence Analysis
19.4.1. By Regional Footprint of Players
19.4.2. Product Footprint by Players
19.4.3. Channel Footprint by Players
20. Competition Analysis
20.1. Competition Dashboard
20.2. Pricing Analysis by Competition
20.3. Competition Benchmarking
20.4. Competition Deep Dive
20.4.1. Robert Bosch GmbH
20.4.1.1. Overview
20.4.1.2. Product Portfolio
20.4.1.3. Profitability by Market Segments
20.4.1.4. Sales Footprint
20.4.1.5. Strategy Overview
20.4.2. Häfele
20.4.2.1. Overview
20.4.2.2. Product Portfolio
20.4.2.3. Profitability by Market Segments
20.4.2.4. Sales Footprint
20.4.2.5. Strategy Overview
20.4.3. Electrolux AB
20.4.3.1. Overview
20.4.3.2. Product Portfolio
20.4.3.3. Profitability by Market Segments
20.4.3.4. Sales Footprint
20.4.3.5. Strategy Overview
20.4.4. Stove Kraft Limited
20.4.4.1. Overview
20.4.4.2. Product Portfolio
20.4.4.3. Profitability by Market Segments
20.4.4.4. Sales Footprint
20.4.4.5. Strategy Overview
20.4.5. TTK Prestige Limited
20.4.5.1. Overview
20.4.5.2. Product Portfolio
20.4.5.3. Profitability by Market Segments
20.4.5.4. Sales Footprint
20.4.5.5. Strategy Overview
20.4.6. Somany Home Innovation Limited (SHIL)
20.4.6.1. Overview
20.4.6.2. Product Portfolio
20.4.6.3. Profitability by Market Segments
20.4.6.4. Sales Footprint
20.4.6.5. Strategy Overview
20.4.7. Franke-Faber
20.4.7.1. Overview
20.4.7.2. Product Portfolio
20.4.7.3. Profitability by Market Segments
20.4.7.4. Sales Footprint
20.4.7.5. Strategy Overview
20.4.8. CATA Electrodomesticos India
20.4.8.1. Overview
20.4.8.2. Product Portfolio
20.4.8.3. Profitability by Market Segments
20.4.8.4. Sales Footprint
20.4.8.5. Strategy Overview
20.4.9. Sunflame Enterprises Private limited
20.4.9.1. Overview
20.4.9.2. Product Portfolio
20.4.9.3. Profitability by Market Segments
20.4.9.4. Sales Footprint
20.4.9.5. Strategy Overview
20.4.10. Others (on request)
20.4.10.1. Overview
20.4.10.2. Product Portfolio
20.4.10.3. Profitability by Market Segments
20.4.10.4. Sales Footprint
20.4.10.5. Strategy Overview
21. Assumptions and Acronyms Used
22. Research Methodology
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Built-In Hobs Market
