LAMEA Household Induction Cooktops Market

LAMEA 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-18943 Publication Date: December-2023 Number of Pages: 124
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Market Report Description

The Latin America, Middle East and Africa Household Induction Cooktops Market would witness market growth of 10.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 4,073.2 thousand units, showcasing a growth of 12.0% (2023-2030).

Induction cooktops frequently incorporate modern LED touch controls. These controls not only provide a sleek and futuristic appearance but also offer a user-friendly interface. The integration of touch controls aligns with the tech-savvy nature of modern kitchens. Manufacturers often offer various colour options for induction cooktops, allowing homeowners to match or contrast the appliance with other elements in the kitchen. The availability of different colours adds a level of customization, enhancing the aesthetic appeal.

Household induction cooktops have a broad spectrum of applications in residential kitchens, offering versatility and efficiency in various cooking scenarios. One of the primary applications is in precision cooking. The precise temperature control that induction cooktops provide makes them ideal for simmering delicate sauces, melting chocolate, or maintaining a specific temperature for sous vide cooking. Quick heating is another key application. The rapid responsiveness of induction cooktops allows for faster cooking times, catering to the needs of busy households where time is of the essence.

Smart home integration adds sophistication and high-end appeal to induction cooktops, making them attractive to consumers who prioritize premium and technologically advanced appliances in the UAE. In the UAE, where smartphone penetration is high, the ability to manage the cooktop from anywhere in the home contributes to user convenience. Smart induction cooktops align with this trend by offering features like remote control, pre-set cooking programs, and automated functionalities that cater to the fast-paced lifestyle of residents in the UAE. Due to these aspects, the market will expand across the LAMEA region in upcoming years.

The Brazil market dominated the LAMEA Household Induction Cooktops Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $513.7 Million by 2030. The Argentina market is showcasing a CAGR of 11.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 10.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Household Induction Cooktops Market is Projected to reach USD 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)

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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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