Europe Household Induction Cooktops Market

Europe Household Induction Cooktops Market Size, Share & Industry Trends Analysis Report By Type (Built-In, and Free-Standing & Portable), By Distribution Channel (Offline, and Online) By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-18941 Publication Date: December-2023 Number of Pages: 125
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Market Report Description

The Europe Household Induction Cooktops Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 6,215.5 thousand units, showcasing a growth of 6.3% (2019-2022).

The uses of household induction cooktops are diverse, catering to a wide range of cooking styles and preferences. The energy efficiency of these cooktops makes them suitable for everyday cooking tasks, from boiling water for pasta to sautéing vegetables. The ability to quickly adjust heat levels gives users precise control over the cooking process, making induction cooktops versatile for various recipes. The precision cooking capabilities of induction cooktops are particularly beneficial for tasks that require specific temperature management.

Ease of cleaning is another notable use. Induction cooktops have a flat, smooth surface that makes them easier to clean, and because the cooktop itself does not heat up, spills are less likely to adhere and burn onto the surface. This ease of cleaning is a practical advantage for busy households where time is a precious commodity. Parents can cook with peace of mind, knowing that the risk of accidents is minimized. The absence of open flames also reduces the likelihood of kitchen-related mishaps. Induction cooktops offer flexibility in cookware choices.

The instantaneous heating capabilities of induction cooktops result in faster European cooking times. This is particularly advantageous for busy households in Europe, where consumers appreciate the ability to prepare meals quickly and efficiently. The absence of open flames reduces the risk of burns, and features such as automatic shutoff and child lock enhance overall safety, making induction cooktops appealing to European families. Manufacturers increasingly highlight this compatibility, emphasizing the flexibility and adaptability of induction technology in European kitchens. The factors mentioned above will drive the regional market growth.

The Germany market dominated the Europe Household Induction Cooktops Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,473.5 Million by 2030. The UK market is exhibiting a CAGR of 4.8% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6.6% during (2023 - 2030).

Based on Type, the market is segmented into Built-In, and Free-Standing & Portable. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Household Induction Cooktops Market will Hit $21.1 Billion by 2030, at a CAGR of 7.1%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Whirlpool Corporation, LG Corporation, Panasonic Holdings Corporation, Sub-Zero Group, Inc., Haier Smart Home Co., Ltd. (Haier Group Corporation), Koninklijke Philips N.V., Robert Bosch GmbH, SMEG S.p.A., AB Electrolux, and Miele & Cie. KG.

Scope of the Study

Market Segments Covered in the Report:

By Type (Volume, Thousand Units, USD Billion, 2019-2030)

  • Built-In
  • Free-Standing & Portable

By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)

  • Offline
  • Online

By Country (Volume, Thousand Units, USD Billion, 2019-2030)

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

Companies Profiled

  • Whirlpool Corporation
  • LG Corporation
  • Panasonic Holdings Corporation
  • Sub-Zero Group, Inc.
  • Haier Smart Home Co., Ltd. (Haier Group Corporation)
  • Koninklijke Philips N.V.
  • Robert Bosch GmbH
  • SMEG S.p.A.
  • AB Electrolux
  • Miele & Cie. KG
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