Global Hobs Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Gas and Induction.

By Base Material;

Glass and Stainless Steel.

By Ignition;

Electric and Gas/Liquid Fuel.

By Burner;

Two, Three, Four, Five, and Six.

By Price Range;

Less than US$ 210, US$ 211-US$ 419, US$ 420-US$ 629, and US$ 630-US$ 838.

By Sales Channel;

Hypermarkets, Supermarkets, Multi Brand Stores, Specialty Retail Stores, Online Sales, Company Website, and 3rd Party Online Sales.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn801351716 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Hobs Market (USD Million), 2021 - 2031

In the year 2024, the Global Hobs Market was valued at USD 25,510.19 million. The size of this market is expected to increase to USD 37,356.06 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.

The global hobs market is experiencing steady growth and innovation driven by advancements in technology and changing consumer preferences. Hobs, also known as cooktops or stovetops, are essential kitchen appliances designed for cooking purposes. They come in various types, including gas, electric, and induction hobs, each offering unique features and benefits.

One of the key drivers of the hobs market is the increasing demand for energy-efficient and eco-friendly appliances. Induction hobs, in particular, have gained popularity due to their fast heating, precise temperature control, and energy efficiency compared to traditional gas and electric hobs. As environmental concerns continue to rise, consumers are opting for appliances that reduce energy consumption and minimize their carbon footprint.

The growing trend of smart kitchens and home automation has further propelled the market growth. Manufacturers are incorporating advanced technologies such as touch controls, Wi-Fi connectivity, and voice activation features into hobs to enhance user experience and convenience. Smart hobs enable users to control cooking settings remotely via smartphone apps, monitor energy usage, and even receive alerts and notifications.

The increasing urbanization and rising disposable income levels in emerging economies are driving the demand for kitchen appliances, including hobs. As more households transition to modern lifestyles, there is a greater emphasis on kitchen aesthetics, functionality, and efficiency, leading to a surge in the adoption of premium and designer hobs.

The market faces challenges such as intense competition, especially from local players offering low-cost alternatives, and stringent regulations regarding energy efficiency and safety standards. Nevertheless, ongoing technological advancements, coupled with evolving consumer preferences, are expected to drive the growth of the global hobs market in the foreseeable future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Base Material
    3. Market Snapshot, By Ignition
    4. Market Snapshot, By Burner
    5. Market Snapshot, By Price Range
    6. Market Snapshot, By Sales Channel
    7. Market Snapshot, By Region
  4. Global Hobs Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Increasing Urbanization
        3. Changing Consumer Lifestyles
        4. Growing Disposable Income
        5. Focus on Energy Efficiency
      2. Restraints
        1. High Initial Cost
        2. Limited Penetration in Rural Areas
        3. Competition from Alternative Cooking Methods
        4. Safety Concerns
        5. Economic Uncertainty
      3. Opportunities
        1. Expansion in Emerging Markets
        2. Product Innovation
        3. Customization and Personalization
        4. Online Sales Channels
        5. Focus on Smart Technology
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Hobs Market, By Product Type, 2021- 2031 (USD Million)
      1. Gas
      2. Induction
    2. Global Hobs Market, By Base Material, 2021 - 2031 (USD Million)
      1. Glass
      2. Stainless Steel
    3. Global Hobs Market, By Ignition, 2021 - 2031 (USD Million)
      1. Electric
      2. Gas/Liquid Fuel
    4. Global Hobs Market, By Burner, 2021 - 2031(USD Million)
      1. Two
      2. Three
      3. Four
      4. Five
      5. Six
    5. Global Hobs Market, By Price Range, 2021 - 2031 (USD Million)
      1. Less than US$ 210
      2. US$ 211-US$ 419
      3. US$ 420-US$ 629
      4. US$ 630-US$ 838
    6. Global Hobs Market, By Sales Channel, 2021 - 2031 (USD Million)
      1. Hypermarkets
      2. Supermarkets
      3. Multi Brand Stores
      4. Specialty Retail Stores
      5. Online Sales
      6. Company Website
      7. 3rd Party Online Sales
    7. Global Hobs Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Rest of Latin America
        2. Argentina
        3. Mexico
        4. Brazil
  6. Competitive Landscape
    1. Company Profiles
      1. Whirlpool Corporation
      2. AB Electrolux
      3. Miele & Cie. Kg
      4. Panasonic Corporation
      5. Arcelik A.S
      6. IFB Industries Limited
      7. Elica S.p.A
      8. Electron International
      9. FABER S.p.A
      10. Bosch-Siemens Hausgeraete GmbH
      11. Sunflame Enterprises Private Limited
      12. Capella Home Appliances
      13. Daewoo Electronics Corporation
  7. Analyst Views
  8. Future Outlook of the Market