Built-In Hobs Market is Expected to Reach US$ 4.2 Billion in 2023 | FMI

The built-in hobs market sales is estimated to reach a valuation of US$ 3.9 Billion in 2022 and is projected to surpass US$ 8.1 billion by 2032, at a CAGR of 7.6% from 2022 to 2032. Share of built-in hobs market in built-In kitchen appliance market is approximately ~27%-30%.

In North America, the U.S. has emerged as a promising market for built-in hobs products. Growing popularity of top-quality indoor home appliances in suburban and non-urban areas is fueling the built-in stove sales.

Further, with the rising urbanization, the demand for convenience, safety, and aesthetic appeal of built-in hobs has surged the sales in the market. Moreover, the development of luxury residences, renovation and restoration of existing kitchens is propelling the demand for premium kitchen appliances.

Furthermore, innovations in technology, such as the introduction of smart kitchen equipment that can be managed remotely, are further accelerating the sales. 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, pushing the demand for built-in hobs in the market.

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Key Takeaways from the Built-in Hobs Market Study

• India is expected to be dominate the South Asia built-in hobs market on the back of growing adoption of smart kitchen and home appliances in the country.
• In terms of product type, the electric hob segment will account for significant share in the global built-in hobs market.
• By burner-type, 4 burner segment will gain traction over the forthcoming decade in the built-in hobs market.
• Based on sales channel, exclusive stores are expected to be the leading sales channel for built-in hobs.

Who is winning?

New entrants face moderate to high entry barriers to the market because of the high costs of research and development and the high initial costs of setting up shop. Innovations and player consolidations drive the industry as a whole. To obtain an advantage over their rivals and to expand their product range, manufacturers are focused on numerous facets of innovation.

Major players present in the built-in hobs market are 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.

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Built-In Hobs Market By Category

By Product Type:

• Electric Hobs
• Ceramic
• Others (Induction, gas)

By Burner Type:

• 2 Burner
• 3 Burner
• 4 Burner
• Others

By Sales Channel:

• Multi-brand Stores
• Exclusive Stores
• Online Stores
• Independent Stores
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa (MEA)

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