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).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.
Global Hobs Market Recent Developments
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In June 2022, integrated smart hobs with app connectivity became popular, offering features like recipe guidance and energy monitoring
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In March 2023, induction hobs with zoneless cooking capabilities were introduced, allowing more flexibility for cookware placement
Segment Analysis
The Global Hobs Market has been segmented by Product Type, Base Material, Ignition, Burner, Price Range, Sales Channel and Geography. Product types include gas hobs, electric hobs, and induction hobs, with induction hobs gaining significant popularity due to their energy efficiency and rapid cooking times. The base materials commonly used are stainless steel, glass ceramic, and cast iron, with stainless steel being the preferred option due to its durability and aesthetic appeal. The ignition systems vary from manual to automatic, with automatic ignition being more convenient for consumers seeking ease of use.
In terms of burner configuration, the market offers traditional burners, multi-zone burners, and flexible cooking zones. Traditional burners dominate the gas hob segment, while induction hobs are typically designed with multiple cooking zones for flexible cooking. Price range segmentation varies from budget-friendly to premium offerings, with premium hobs offering advanced features like touch controls, smart connectivity, and multiple cooking modes. Consumers who prioritize advanced features are driving the demand for high-end induction and electric hobs, while price-conscious consumers often opt for gas hobs or more affordable models.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Europe holds a substantial share of the global hobs market, driven by consumer demand for energy-efficient and smart cooking appliances. The Asia Pacific region, particularly countries like China and India, is witnessing rapid growth due to the increasing urbanization, rising disposable incomes, and changing consumer preferences for modern kitchen appliances. Meanwhile, North America continues to be a significant market, especially for high-end and technologically advanced models.
Global Hobs Segment Analysis
In this report, the Global Hobs Market has been segmented by Product Type, Base Material, Ignition, Burner, Price Range, Sales Channel and Geography.
Global Hobs Market, Segmentation by Product Type
The Global Hobs Market has been segmented by Product Type into Gas and Induction.
The Global Hobs Market is witnessing significant growth, driven by the increasing demand for efficient and advanced cooking appliances across residential and commercial sectors. Hobs, also known as cooktops, are essential kitchen appliances designed to provide precise and controlled heat for cooking various dishes. The market segmentation by product type reveals two prominent categories: Gas and Induction.
Gas hobs have long been a traditional choice for cooking, offering instant heat control and familiarity to users. They are preferred for their reliability and ability to provide high heat output, making them suitable for a wide range of cooking techniques. However, the growing emphasis on energy efficiency and environmental sustainability has led to the rising adoption of induction hobs.
Induction hobs utilize electromagnetic technology to generate heat directly within the cookware, offering faster heating and precise temperature control compared to gas hobs. They are also more energy-efficient, as they only heat the cookware surface, resulting in reduced energy consumption and lower operating costs over time. Additionally, induction hobs are safer to use, as they do not produce an open flame and have automatic shut-off features for enhanced safety.
The preference for gas or induction hobs often depends on factors such as cooking preferences, kitchen design, energy efficiency goals, and safety considerations. As consumer awareness regarding energy conservation and environmental impact continues to rise, the market for induction hobs is expected to witness significant growth in the coming years. However, gas hobs are likely to maintain their market presence, particularly in regions where gas infrastructure is well-established and preferred for its familiarity and performance.
Global Hobs Market, Segmentation by Base Material
The Global Hobs Market has been segmented by Base Material into Glass and Stainless Steel.
The global hobs market has been segmented based on base material into two main categories: glass and stainless steel. Glass hobs are favored for their sleek, modern appearance and ease of cleaning. The smooth, flat surface of glass hobs makes them a popular choice for homeowners looking to add a touch of elegance to their kitchens. Additionally, glass hobs are often scratch-resistant and offer a more uniform cooking experience with faster heat response. They also contribute to a visually appealing kitchen design, making them a preferred option for contemporary home interiors.
On the other hand, stainless steel hobs are renowned for their durability and robustness. Stainless steel offers a higher resistance to heat, making it a practical choice for long-term use in both residential and commercial kitchens. These hobs are less prone to cracking or damage compared to glass variants, particularly in environments where high heat levels are frequently applied. Stainless steel hobs also have a more industrial aesthetic, which appeals to consumers seeking a professional-grade cooking appliance or those who prefer a more traditional kitchen style.
The choice between glass and stainless steel base materials largely depends on consumer preferences and specific kitchen requirements. Glass hobs are often chosen for their modern aesthetic and ease of maintenance, while stainless steel hobs are selected for their resilience and longevity. As both materials continue to evolve with advancements in technology, the market is likely to see an increasing range of hybrid designs that combine the benefits of both glass and stainless steel, providing enhanced performance and style options to meet diverse consumer needs.
Global Hobs Market, Segmentation by Ignition
The Global Hobs Market has been segmented by Ignition into Electric and Gas/Liquid Fuel.
The Global Hobs Market is witnessing significant growth, driven by various factors such as technological advancements, changing consumer preferences, and the increasing demand for energy-efficient appliances. One of the key segmentation factors shaping the market is the type of ignition used in hobs. Hobs are commonly categorized into two types based on ignition: Electric and Gas/Liquid Fuel.
Electric hobs have been gaining popularity due to their ease of use, precise temperature control, and safety features. With advancements in technology, electric hobs now come with various features such as induction cooking, touch controls, and timers, catering to the diverse needs of consumers. Additionally, the growing emphasis on sustainability and energy efficiency has further boosted the adoption of electric hobs, as they are considered more environmentally friendly compared to their gas counterparts.
Gas and liquid fuel hobs continue to remain a preferred choice for many consumers, especially in regions where gas is readily available and affordable. Gas hobs offer instant heat and are favored by professional chefs and cooking enthusiasts for their precise control over flame intensity. Moreover, some consumers perceive gas hobs as more traditional and enjoy the visual appeal of a flame while cooking.
The competition between electric and gas/liquid fuel hobs is expected to intensify in the coming years, driven by factors such as technological innovations, pricing strategies, and regulatory standards. Manufacturers are focusing on product development and marketing efforts to cater to evolving consumer preferences and stay competitive in the dynamic hobs market landscape.
Global Hobs Market, Segmentation by Burner
The Global Hobs Market has been segmented by Burner into Two, Three, Four, Five and Six.
The global hobs market has been segmented based on the number of burners, offering options such as two, three, four, five, and six burners. These variations allow consumers to choose the appliance that best fits their cooking needs, kitchen space, and usage frequency. Two-burner hobs are typically ideal for smaller kitchens or those with limited cooking needs, while three and four-burner models are more common in households and offer greater flexibility for preparing multiple dishes simultaneously.
As the demand for larger cooking spaces grows, five and six-burner hobs are becoming increasingly popular, especially among families or those who frequently entertain guests. These larger units allow for more efficient cooking, as multiple dishes can be cooked at once without requiring significant time management or the need to rotate cooking tasks. Additionally, these models often come with more advanced features such as varied burner sizes, providing greater control over heat distribution.
The growing adoption of multi-burner hobs is also driven by lifestyle trends and the increasing popularity of home-cooked meals. As people seek convenience and efficiency in their cooking, the demand for hobs with more burners continues to rise. Additionally, the trend toward modern kitchen designs, where larger, more functional appliances are prioritized, has led to a greater interest in multi-burner hobs. The versatility and convenience of these appliances are key factors fueling their growth in both residential and commercial settings.
Global Hobs Market, Segmentation by Price Range
The Global Hobs Market has been segmented by Price Range into Less than US$ 210, US$ 211-US$ 419, US$ 420-US$ 629 and US$ 630-US$ 838.
The global hobs market encompasses a diverse range of products catering to various consumer preferences and budgets. Segmentation by price range provides insights into the affordability and features offered by different hob models.
In the segment of hobs priced less than US$ 210, consumers can expect basic functionality with essential features. These hobs typically cater to budget-conscious buyers or those seeking simple solutions for their kitchen needs. While lacking advanced features, such as touch controls or specialized cooking modes, these hobs still fulfill the fundamental cooking requirements.
Moving up the price ladder to the range of US$ 211-US$ 419, consumers encounter hobs with improved features and performance. This mid-range segment often includes hobs with additional functionalities, such as multiple cooking zones, digital displays, and enhanced energy efficiency. These hobs appeal to consumers seeking a balance between affordability and performance, offering a broader range of cooking options without breaking the bank.
In the US$ 420-US$ 629 price range, consumers can access premium features and advanced technology. Hobs within this segment typically boast sleek designs, touch controls, customizable cooking settings, and premium materials. Targeting discerning buyers who prioritize both style and functionality, these hobs elevate the cooking experience with innovative features and superior performance.
At the top end of the spectrum, hobs priced between US$ 630-US$ 838 represent the pinnacle of luxury and innovation in the market. These high-end hobs incorporate cutting-edge technologies, such as induction heating, smart connectivity, and intuitive controls. Designed for culinary enthusiasts and professionals, these hobs offer unparalleled precision, efficiency, and convenience, transforming the kitchen into a culinary haven.
Global Hobs Market, Segmentation by Sales Channel
The Global Hobs Market has been segmented by Sales Channel into Hypermarkets, Supermarkets, Multi Brand Stores, Specialty Retail Stores, Online Sales, Company Website and 3rdParty Online Sales.
The global hobs market encompasses a diverse array of sales channels catering to the varied preferences of consumers worldwide. Hypermarkets and supermarkets remain significant players in this market, offering a wide range of hob options to customers under one roof. These large-scale retail outlets often provide competitive pricing and convenient shopping experiences, attracting a substantial portion of hob buyers.
Multi-brand stores also contribute significantly to the market, providing consumers with a curated selection of hobs from various manufacturers. These stores often focus on offering a diverse range of products to cater to different consumer preferences and budgets, appealing to those seeking specific features or brands. Specialty retail stores cater to niche markets and offer specialized hobs tailored to specific needs or preferences. These stores may focus on high-end, designer, or custom-built hobs, attracting consumers looking for unique and premium options.
The rise of e-commerce has revolutionized the hobs market, with online sales channels experiencing rapid growth. Consumers now have the convenience of browsing and purchasing hobs from the comfort of their homes, with a plethora of options available from various online retailers. Additionally, many hob manufacturers have established their own company websites, providing consumers with direct access to their products and enabling seamless transactions. Third-party online sales platforms also play a significant role in the global hobs market, offering a platform for both manufacturers and retailers to reach a broader audience. These platforms often feature a wide selection of hobs from different brands and sellers, allowing consumers to compare prices and features easily.
Global Hobs Market, Segmentation by Geography
In this report, the Global Hobs Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Hobs Market Share (%), by Geographical Region, 2024
The global hobs market has been witnessing steady growth, driven by various factors such as the rising demand for modern kitchen appliances, increasing disposable income, and the growing trend of modular kitchens. In this report, the market has been segmented by geography into five key regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America holds a significant share in the global hobs market, attributed to the high adoption rate of advanced kitchen appliances and the presence of prominent market players in the region. The growing preference for energy-efficient and technologically advanced hobs among consumers further boosts market growth in this region.
In Europe, the hobs market is also experiencing substantial growth, fueled by the increasing focus on kitchen remodeling and renovation activities, coupled with the rising trend of smart homes. Additionally, stringent energy efficiency regulations imposed by governments contribute to the demand for eco-friendly hobs in the region.
The Asia Pacific region presents lucrative opportunities for the hobs market, driven by rapid urbanization, expanding middle-class population, and changing consumer lifestyles. Countries like China, India, and South Korea are witnessing a surge in demand for kitchen appliances, including hobs, owing to the growing awareness regarding convenience and efficiency in cooking.
In the Middle East and Africa region, the hobs market is expected to witness steady growth, supported by the expanding hospitality sector and increasing investments in residential construction projects. The rising disposable income and changing culinary preferences also contribute to market growth in this region.
Latin America is also emerging as a promising market for hobs, driven by the growing urban population, rising disposable income levels, and the increasing influence of western lifestyles. Government initiatives promoting the use of energy-efficient appliances further stimulate market growth in countries like Brazil, Mexico, and Argentina.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Hobs Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunities Analysis
Drivers
- Technological Advancements
- Increasing Urbanization
- Changing Consumer Lifestyles
- Growing Disposable Income
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Focus on Energy Efficiency: The global hobs market has seen a significant shift towards energy efficiency in recent years, driven by both consumer demand and regulatory initiatives. Manufacturers are increasingly investing in research and development to produce hobs that consume less energy while maintaining high performance. This trend aligns with the broader sustainability movement, where reducing carbon footprints and energy consumption are paramount.
Advancements in technology have enabled the integration of energy-saving features such as induction cooking, precise temperature control, and efficient heat distribution in modern hobs. These innovations not only help consumers save on energy bills but also contribute to reducing greenhouse gas emissions. As governments worldwide tighten regulations on energy efficiency standards for household appliances, the hobs market is expected to continue its trajectory towards more eco-friendly and sustainable solutions.
Restraints
- High Initial Cost
- Limited Penetration in Rural Areas
- Competition from Alternative Cooking Methods
- Safety Concerns
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Economic Uncertainty: The global market for hobs, particularly in the kitchen appliance sector, is experiencing a period of economic uncertainty driven by various factors. One significant factor is the fluctuation in raw material prices, such as stainless steel and glass, which are crucial components in hob manufacturing. The volatility in these prices directly impacts production costs, subsequently affecting pricing strategies and profit margins for hob manufacturers. Moreover, consumer confidence and purchasing power are also influenced by broader economic trends, including geopolitical tensions and trade disputes, leading to fluctuations in demand for luxury items like premium hobs. As a result, players in the global hobs market are closely monitoring market conditions and adapting their strategies to navigate through this period of economic uncertainty.
In addition to economic factors, technological advancements and changing consumer preferences are reshaping the landscape of the global hobs market. Innovations such as induction hobs, which offer energy efficiency and precise temperature control, are gaining popularity among consumers seeking modern and sustainable kitchen solutions. Furthermore, the rise of smart home technologies is influencing the development of hobs with integrated connectivity features, allowing users to control and monitor their appliances remotely. Amidst economic uncertainty, manufacturers in the hobs market are investing in research and development to introduce innovative products that cater to evolving consumer needs and preferences. By embracing technological advancements and staying attuned to changing market dynamics, players in the global hobs market can mitigate the impact of economic uncertainties and maintain their competitive edge in the industry.
Opportunities
- Expansion in Emerging Markets
- Product Innovation
- Customization and Personalization
- Online Sales Channels
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Focus on Smart Technology: The global market for smart technology in hobs, or stovetops, is witnessing a significant surge driven by advancements in home automation and consumer demand for efficient and connected kitchen appliances. Smart hobs integrate features such as touch controls, Wi-Fi connectivity, and compatibility with virtual assistants like Alexa and Google Assistant. These hobs offer users greater convenience and control over their cooking experience, allowing them to monitor and adjust settings remotely via smartphone apps. Moreover, the emphasis on energy efficiency and sustainability further propels the adoption of smart hobs, as they often come equipped with features like precise temperature control and timers to optimize energy usage. As smart home ecosystems continue to expand, the smart hob market is poised for continued growth, with manufacturers innovating to offer enhanced functionalities and seamless integration with other smart appliances.
Despite the promising growth prospects, challenges such as high initial costs and concerns over data privacy and security may hinder the widespread adoption of smart hobs. Additionally, the market faces competition from traditional gas and electric hobs, which still dominate many households worldwide. Nevertheless, as consumer awareness and acceptance of smart home technologies increase, coupled with ongoing technological advancements and affordability improvements, the smart hob market is expected to witness steady expansion, particularly in urban areas and among tech-savvy consumers looking to upgrade their kitchen appliances for a more connected and efficient cooking experience.
Competitive Landscape Analysis
Key players in Global Hobs Market include:
- Whirlpool Corporation
- AB Electrolux
- Miele & Cie. Kg
- Panasonic Corporation
- Arcelik A.S
- IFB Industries Limited
- Elica S.p.A
- Electron International
- FABER S.p.A
- Bosch-Siemens Hausgeraete GmbH
- Sunflame Enterprises Private Limited
- Capella Home Appliances
- Daewoo Electronics Corporation
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Base Material
- Market Snapshot, By Ignition
- Market Snapshot, By Burner
- Market Snapshot, By Price Range
- Market Snapshot, By Sales Channel
- Market Snapshot, By Region
- Global Hobs Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Technological Advancements
- Increasing Urbanization
- Changing Consumer Lifestyles
- Growing Disposable Income
- Focus on Energy Efficiency
- Restraints
- High Initial Cost
- Limited Penetration in Rural Areas
- Competition from Alternative Cooking Methods
- Safety Concerns
- Economic Uncertainty
- Opportunities
- Expansion in Emerging Markets
- Product Innovation
- Customization and Personalization
- Online Sales Channels
- Focus on Smart Technology
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Hobs Market, By Product Type, 2021- 2031 (USD Million)
- Gas
- Induction
- Global Hobs Market, By Base Material, 2021 - 2031 (USD Million)
- Glass
- Stainless Steel
- Global Hobs Market, By Ignition, 2021 - 2031 (USD Million)
- Electric
- Gas/Liquid Fuel
- Global Hobs Market, By Burner, 2021 - 2031(USD Million)
- Two
- Three
- Four
- Five
- Six
- Global Hobs Market, By Price Range, 2021 - 2031 (USD Million)
- Less than US$ 210
- US$ 211-US$ 419
- US$ 420-US$ 629
- US$ 630-US$ 838
- Global Hobs Market, By Sales Channel, 2021 - 2031 (USD Million)
- Hypermarkets
- Supermarkets
- Multi Brand Stores
- Specialty Retail Stores
- Online Sales
- Company Website
- 3rd Party Online Sales
- Global Hobs Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
- Argentina
- Mexico
- Brazil
- North America
- Global Hobs Market, By Product Type, 2021- 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Whirlpool Corporation
- AB Electrolux
- Miele & Cie. Kg
- Panasonic Corporation
- Arcelik A.S
- IFB Industries Limited
- Elica S.p.A
- Electron International
- FABER S.p.A
- Bosch-Siemens Hausgeraete GmbH
- Sunflame Enterprises Private Limited
- Capella Home Appliances
- Daewoo Electronics Corporation
- Company Profiles
- Analyst Views
- Future Outlook of the Market