Published Date: 28-Jul-22
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Electric hobs Market size is expected to reach $816.2 million by 2028, rising at a market growth of 4.6% CAGR during the forecast period.
The Specialty Stores market acquired the maximum revenue share of the Global Electric Hobs Market by Distribution Channel in 2021, thereby, achieving a market value of $276.4 Million by 2028. Because specialized store owners have a great knowledge about the products they sell, and they frequently sell them at a higher price, in addition to providing better service and professional advice to customers.
The 4 Burner market is showcasing a CAGR of 4.9% during (2022 - 2028). It is due to the high demand for four-burner gas stoves. Because it can prepare up to four dishes at once. It's also more expensive than gas stoves with two or three burners. However, the powder-coated pan supports are more effective. It has a scratch-resistant toughened glass top.
Europe is the fastest growing region in the Global Electric Hobs Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $280.7 Million by 2028. The North America market is experiencing a CAGR of 4.2% during (2022 - 2028). Additionally, The Asia Pacific market would exhibit a CAGR of 5.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/electric-hobs-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Robert Bosch GmbH (BSH Home Appliances Corporation), LG Electronics, Inc. (LG Corporation), Siemens AG, Whirlpool Corporation, Haier Smart Home Co., Ltd. (Haier Group Corporation), Beko plc (Arçelik A.?.), Cusimax, SMEG S.p.A. and Electrolux AB
By Distribution Channel
Unique Offerings from KBV Research