The North America Household Induction Cooktops Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 6,519.0 thousand units, showcasing a growth of 7.2% (2019-2022).
Household Induction Cooktops are mainly used for cooking or boiling purposes. A household induction cooktop uses a magnetic field, which is used to heat the specially designed cookware placed on the cooktop. Induction Cooktops are a sufficient and easiest means for cooking. It helps reduce waste in the kitchen and, at the same time, is easy to operate. The factors driving the demand are technological advancements and online marketing. Urban population growth also contributes to its growth. The demand for induction cooktops is also high among working women, owing to healthy cooking options and ease of operations.
Energy-conscious consumers are drawn to the efficiency of induction cooktops, appreciating their ability to reduce overall energy consumption in the kitchen. As environmental awareness grows, households seek appliances that align with sustainability goals, and induction cooktops fit well into this narrative. Safety concerns have also played a pivotal role in the rising adoption rates. With features like automatic shut-off and child lock functions, induction cooktops provide a secure cooking environment, appealing to families and individuals alike. This safety-conscious approach has become a significant driver for those looking to upgrade their kitchen appliances.
Induction cooktops are known for their rapid heating capabilities, providing quick and efficient cooking in Mexico. This feature particularly appeals to Mexican consumers who appreciate the ability to prepare meals faster, saving time in their busy lifestyles. Mexicans living in urban environments appreciate appliances that are space-efficient yet offer advanced cooking capabilities. Induction cooktops are compatible with various cookware materials in Mexico, including stainless steel and cast iron. Due to the above-mentioned factors, the market will grow significantly in this region.
The US market dominated the North America Household Induction Cooktops Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,473.1 Million by 2030. The Canada market is experiencing a CAGR of 9.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Household Induction Cooktops Market is Predict to reach $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)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
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
TABLE 1 North America Household Induction Cooktops Market, 2019 - 2022, USD Million
TABLE 2 North America Household Induction Cooktops Market, 2023 - 2030, USD Million
TABLE 3 North America Household Induction Cooktops Market, 2019 - 2022, USD Million
TABLE 4 North America Household Induction Cooktops Market, 2023 - 2030, USD Million
TABLE 5 North America Household Induction Cooktops Market, By Type, 2019 - 2022, USD Million
TABLE 6 North America Household Induction Cooktops Market, By Type, 2023 - 2030, USD Million
TABLE 7 North America Household Induction Cooktops Market, By Type, 2019 - 2022, USD Million
TABLE 8 North America Household Induction Cooktops Market, By Type, 2023 - 2030, USD Million
TABLE 9 North America Built-In Market, By Country, 2019 - 2022, USD Million
TABLE 10 North America Built-In Market, By Country, 2023 - 2030, USD Million
TABLE 11 North America Built-In Market, By Country, 2019 - 2022, USD Million
TABLE 12 North America Built-In Market, By Country, 2023 - 2030, USD Million
TABLE 13 North America Free-Standing & Portable Market, By Country, 2019 - 2022, USD Million
TABLE 14 North America Free-Standing & Portable Market, By Country, 2023 - 2030, USD Million
TABLE 15 North America Free-Standing & Portable Market, By Country, 2019 - 2022, USD Million
TABLE 16 North America Free-Standing & Portable Market, By Country, 2023 - 2030, USD Million
TABLE 17 North America Household Induction Cooktops Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 18 North America Household Induction Cooktops Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 19 North America Household Induction Cooktops Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 20 North America Household Induction Cooktops Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 21 North America Offline Market, By Country, 2019 - 2022, USD Million
TABLE 22 North America Offline Market, By Country, 2023 - 2030, USD Million
TABLE 23 North America Offline Market, By Country, 2019 - 2022, USD Million
TABLE 24 North America Offline Market, By Country, 2023 - 2030, USD Million
TABLE 25 North America Online Market, By Country, 2019 - 2022, USD Million
TABLE 26 North America Online Market, By Country, 2023 - 2030, USD Million
TABLE 27 North America Online Market, By Country, 2019 - 2022, USD Million
TABLE 28 North America Online Market, By Country, 2023 - 2030, USD Million
TABLE 29 North America Household Induction Cooktops Market, By Country, 2019 - 2022, USD Million
TABLE 30 North America Household Induction Cooktops Market, By Country, 2023 - 2030, USD Million
TABLE 31 North America Household Induction Cooktops Market, By Country, 2019 - 2022, USD Million
TABLE 32 North America Household Induction Cooktops Market, By Country, 2023 - 2030, USD Million
TABLE 33 US Household Induction Cooktops Market, 2019 - 2022, USD Million
TABLE 34 US Household Induction Cooktops Market, 2023 - 2030, USD Million
TABLE 35 US Household Induction Cooktops Market, 2019 - 2022, USD Million
TABLE 36 US Household Induction Cooktops Market, 2023 - 2030, USD Million
TABLE 37 US Household Induction Cooktops Market, By Type, 2019 - 2022, USD Million
TABLE 38 US Household Induction Cooktops Market, By Type, 2023 - 2030, USD Million
TABLE 39 US Household Induction Cooktops Market, By Type, 2019 - 2022, USD Million
TABLE 40 US Household Induction Cooktops Market, By Type, 2023 - 2030, USD Million
TABLE 41 US Household Induction Cooktops Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 42 US Household Induction Cooktops Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 43 US Household Induction Cooktops Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 44 US Household Induction Cooktops Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 45 Canada Household Induction Cooktops Market, 2019 - 2022, USD Million
TABLE 46 Canada Household Induction Cooktops Market, 2023 - 2030, USD Million
TABLE 47 Canada Household Induction Cooktops Market, 2019 - 2022, USD Million
TABLE 48 Canada Household Induction Cooktops Market, 2023 - 2030, USD Million
TABLE 49 Canada Household Induction Cooktops Market, By Type, 2019 - 2022, USD Million
TABLE 50 Canada Household Induction Cooktops Market, By Type, 2023 - 2030, USD Million
TABLE 51 Canada Household Induction Cooktops Market, By Type, 2019 - 2022, USD Million
TABLE 52 Canada Household Induction Cooktops Market, By Type, 2023 - 2030, USD Million
TABLE 53 Canada Household Induction Cooktops Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 54 Canada Household Induction Cooktops Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 55 Canada Household Induction Cooktops Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 56 Canada Household Induction Cooktops Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 57 Mexico Household Induction Cooktops Market, 2019 - 2022, USD Million
TABLE 58 Mexico Household Induction Cooktops Market, 2023 - 2030, USD Million
TABLE 59 Mexico Household Induction Cooktops Market, 2019 - 2022, USD Million
TABLE 60 Mexico Household Induction Cooktops Market, 2023 - 2030, USD Million
TABLE 61 Mexico Household Induction Cooktops Market, By Type, 2019 - 2022, USD Million
TABLE 62 Mexico Household Induction Cooktops Market, By Type, 2023 - 2030, USD Million
TABLE 63 Mexico Household Induction Cooktops Market, By Type, 2019 - 2022, USD Million
TABLE 64 Mexico Household Induction Cooktops Market, By Type, 2023 - 2030, USD Million
TABLE 65 Mexico Household Induction Cooktops Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 66 Mexico Household Induction Cooktops Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 67 Mexico Household Induction Cooktops Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 68 Mexico Household Induction Cooktops Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 69 Rest of North America Household Induction Cooktops Market, 2019 - 2022, USD Million
TABLE 70 Rest of North America Household Induction Cooktops Market, 2023 - 2030, USD Million
TABLE 71 Rest of North America Household Induction Cooktops Market, 2019 - 2022, USD Million
TABLE 72 Rest of North America Household Induction Cooktops Market, 2023 - 2030, USD Million
TABLE 73 Rest of North America Household Induction Cooktops Market, By Type, 2019 - 2022, USD Million
TABLE 74 Rest of North America Household Induction Cooktops Market, By Type, 2023 - 2030, USD Million
TABLE 75 Rest of North America Household Induction Cooktops Market, By Type, 2019 - 2022, USD Million
TABLE 76 Rest of North America Household Induction Cooktops Market, By Type, 2023 - 2030, USD Million
TABLE 77 Rest of North America Household Induction Cooktops Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 78 Rest of North America Household Induction Cooktops Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 79 Rest of North America Household Induction Cooktops Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 80 Rest of North America Household Induction Cooktops Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 81 Key information – Whirlpool Corporation
TABLE 82 Key Information – LG Corporation
TABLE 83 Key Information – panasonic holdings corporation
TABLE 84 Key Information – Sub-Zero Group, Inc.
TABLE 85 key information – Haier Smart Home Co., Ltd.
TABLE 86 Key Information – Koninklijke Philips N.V.
TABLE 87 Key Information – Robert Bosch GmbH
TABLE 88 Key Information – SMEG S.p.A.
TABLE 89 Key Information – AB Electrolux
TABLE 90 Key Information – Miele & Cie. KG
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Household Induction Cooktops Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Household Induction Cooktops Market
FIG 4 Porter’s Five Forces Analysis - Household Induction Cooktops Market
FIG 5 North America Household Induction Cooktops Market share, By Type, 2022
FIG 6 North America Household Induction Cooktops Market share, By Type, 2030
FIG 7 North America Household Induction Cooktops Market, By Type, 2019 - 2030, USD Million
FIG 8 North America Household Induction Cooktops Market share, By Distribution Channel, 2022
FIG 9 North America Household Induction Cooktops Market share, By Distribution Channel, 2030
FIG 10 North America Household Induction Cooktops Market, By Distribution Channel, 2019 - 2030, USD Million
FIG 11 North America Household Induction Cooktops Market share, By Country, 2022
FIG 12 North America Household Induction Cooktops Market share, By Country, 2030
FIG 13 North America Household Induction Cooktops Market, By Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Whirlpool Corporation
FIG 15 SWOT Analysis: LG Corporation
FIG 16 SWOT Analysis: Panasonic Holdings Corporation
FIG 17 SWOT Analysis: Sub-Zero Group, Inc.
FIG 18 SWOT Analysis: HAIER SMART HOME CO., LTD.
FIG 19 SWOT Analysis: Koninklijke Philips N.V.
FIG 20 SWOT Analysis: Robert Bosch GmbH
FIG 21 SWOT Analysis: SMEG S.p.A.
FIG 22 SWOT Analysis: AB Electrolux
FIG 23 Swot analysis: Miele & Cie. KG