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PUBLISHER: Grand View Research | PRODUCT CODE: 1750804
PUBLISHER: Grand View Research | PRODUCT CODE: 1750804
Induction Cooktops Market Size, Share & Trends Analysis Report by Product (Built-in, Free-standing), By Application, By Distribution Channel (Hypermarket & Supermarket, Online, Specialty Stores), By Region, And Segment Forecasts, 2025 - 2030
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Induction Cooktops Market Growth & Trends:
The global induction cooktops market is anticipated to reach USD 38.02 billion by 2030 and is anticipated to expand at a CAGR of 6.2% during the forecast period, according to a new report by Grand View Research, Inc. The increased use of induction cooktops in Asia and Western areas of the world has been fueled by rising customer demand for hassle-free and clean cooking technology. Induction cooktops provide a number of advantages over standard gas stoves, such as faster water boiling, no heating of the burners, easy surface cleaning, and energy efficiency. These advantages have attracted not only a significant number of home chefs but also professional chefs.
Induction stoves are not luxury appliances for image-conscious elites despite the fact that they are a little more expensive than gas or electric stoves. The most affordable induction range costs approximately USD 600, which is only a few hundred dollars more than a mid-tier gas or electric freestanding range. Consumer preferences have shifted, not just in terms of product pricing but also in terms of purchase methods. The prevalence of e-commerce has further boosted the popularity and demand for induction cooktops. In the past, consumers favored in-store buying over online shopping. However, in recent years, online shopping has become increasingly popular. The option to select from a wide variety of products, along with enticing prices, has led to an increase in product sales through online distribution channels.
Government-sponsored initiatives for energy efficiency and sustainability, such as The Energy Efficiency Services Limited (EESL), under the Ministry of Power, plan to distribute 2 billion energy-efficient induction cooktops across India. Furthermore, this initiative is expected to offer a cost advantage of 25-30% compared to traditional cooking methods.
Induction Cooktops Market Report Highlights:
- The built-in product segment accounted for the largest revenue share of 64.1% in 2024 and is expected to register the fastest CAGR during the forecast period. This is attributed to the increasing demand from residential as well as commercial sectors.
- The specialty stores distribution channel segment accounted for the maximum revenue share in 2024
- The online segment is estimated to expand at the fastest CAGR over the forecast period owing to increasing number of customers opting for online shopping due to its convenience and efficiency
- Europe dominated the regional market in 2024 and accounted for a revenue share of more than 30%. It is attributed to the rising number of fast food and hotel chains in the region.
Product Code: GVR-3-68038-253-2
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Induction Cooktops Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Influencing Buying Decisions
- 4.4. Consumer Product Adoption Trends
- 4.5. Observations & Recommendations
Chapter 5. Induction Cooktops Market: Product Estimates & Trend Analysis
- 5.1. Induction Cooktops Market Product: Key Takeaways
- 5.2. Product Movement Analysis & Market Share, 2024 & 2030
- 5.3. Induction Cooktops Market Estimates & Forecast, By Product, 2018 to 2030 (USD Billion)
- 5.3.1. Built-in
- 5.3.1.1 Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 5.3.2. Free-standing
- 5.3.2.1 Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 5.3.1. Built-in
Chapter 6. Induction Cooktops Market: Application Estimates & Trend Analysis
- 6.1. Induction Cooktops Market Application: Key Takeaways
- 6.2. Application Movement Analysis & Market Share, 2024 & 2030
- 6.3. Induction Cooktops Market Estimates & Forecast, By Application, 2018 to 2030 (USD Billion)
- 6.3.1. Household
- 6.3.1.1. Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 6.3.2. Commercial
- 6.3.2.1. Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 6.3.1. Household
Chapter 7. Induction Cooktops Market: Distribution Channel Estimates & Trend Analysis
- 7.1. Induction Cooktops Market Distribution Channel: Key Takeaways
- 7.2. Distribution Channel Movement Analysis & Market Share, 2024 & 2030
- 7.3. Induction Cooktops Market Estimates & Forecast, By Distribution Channel, 2018 to 2030 (USD Billion)
- 7.3.1. Hypermarkets & Supermarkets
- 7.3.1.1. Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 7.3.2. Specialty Stores
- 7.3.2.1. Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 7.3.3. Online
- 7.3.3.1. Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 7.3.1. Hypermarkets & Supermarkets
Chapter 8. Induction Cooktops Market: Regional Estimates & Trend Analysis
- 8.1. Induction Cooktops Market: Regional Outlook
- 8.2. Regional Marketplaces: Key Takeaways
- 8.3. Induction Cooktops Market Estimates & Forecast, By Region, 2018 to 2030 (USD Billion)
- 8.4. North America
- 8.4.1. North America Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.4.2. U.S.
- 8.4.2.1. Key country dynamics
- 8.4.2.2. U.S. Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.4.3. Canada
- 8.4.3.1. Key country dynamics
- 8.4.3.2. Canada Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.5. Europe
- 8.5.1. Europe Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.5.2. Germany
- 8.5.2.1. Key country dynamics
- 8.5.2.2. Germany Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.5.3. UK
- 8.5.3.1. Key country dynamics
- 8.5.3.2. UK Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.5.4. France
- 8.5.4.1. Key country dynamics
- 8.5.4.2. France Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.5.5. Spain
- 8.5.5.1. Key country dynamics
- 8.5.5.2. Spain Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.5.6. Italy
- 8.5.6.1. Key country dynamics
- 8.5.6.2. Italy Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.6. Asia Pacific
- 8.6.1. Asia Pacific Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.6.2. China
- 8.6.2.1. Key country dynamics
- 8.6.2.2. China Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.6.3. Japan
- 8.6.3.1. Key country dynamics
- 8.6.3.2. Japan Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.6.4. India
- 8.6.4.1. Key country dynamics
- 8.6.4.2. India Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.6.5. Australia
- 8.6.5.1. Key country dynamics
- 8.6.5.2. Australia Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.6.6. South Korea
- 8.6.6.1. Key country dynamics
- 8.6.6.2. South Korea Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.7. Central & South America
- 8.7.1. Central & South America Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.7.2. Brazil
- 8.7.2.1. Key country dynamics
- 8.7.2.2. Brazil Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.8. Middle East & Africa
- 8.8.1. Middles East & Africa Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
- 8.8.2. South Africa
- 8.8.2.1. Key country dynamics
- 8.8.2.2. South Africa Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Million)
Chapter 9. Induction Cooktops Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Share, 2024
- 9.4. Company Heat Map/ Positioning Analysis
- 9.5. Strategy Mapping
- 9.6. Company Profiles
- 9.6.1. Haier Inc.
- 9.6.1.1. Company Overview
- 9.6.1.2. Financial Performance
- 9.6.1.3. Product Benchmarking
- 9.6.1.4. Strategic Initiatives
- 9.6.2. Midea
- 9.6.2.1. Company Overview
- 9.6.2.2. Financial Performance
- 9.6.2.3. Product Benchmarking
- 9.6.2.4. Strategic Initiatives
- 9.6.3. Panasonic Malaysia Sdn Bhd.
- 9.6.3.1. Company Overview
- 9.6.3.2. Financial Performance
- 9.6.3.3. Product Benchmarking
- 9.6.3.4. Strategic Initiatives
- 9.6.4. SAMSUNG
- 9.6.4.1. Company Overview
- 9.6.4.2. Financial Performance
- 9.6.4.3. Product Benchmarking
- 9.6.4.4. Strategic Initiatives
- 9.6.5. Philips Electronics
- 9.6.5.1. Company Overview
- 9.6.5.2. Financial Performance
- 9.6.5.3. Product Benchmarking
- 9.6.5.4. Strategic Initiatives
- 9.6.6. LG Electronics
- 9.6.6.1. Company Overview
- 9.6.6.2. Financial Performance
- 9.6.6.3. Product Benchmarking
- 9.6.6.4. Strategic Initiatives
- 9.6.7. Robert Bosch GmbH
- 9.6.7.1. Company Overview
- 9.6.7.2. Financial Performance
- 9.6.7.3. Product Benchmarking
- 9.6.7.4. Strategic Initiatives
- 9.6.8. Miele & Cie. KG
- 9.6.8.1. Company Overview
- 9.6.8.2. Financial Performance
- 9.6.8.3. Product Benchmarking
- 9.6.8.4. Strategic Initiatives
- 9.6.9. Whirlpool Corporation
- 9.6.9.1. Company Overview
- 9.6.9.2. Financial Performance
- 9.6.9.3. Product Benchmarking
- 9.6.9.4. Strategic Initiatives
- 9.6.10. Electrolux AB
- 9.6.10.1. Company Overview
- 9.6.10.2. Financial Performance
- 9.6.10.3. Product Benchmarking
- 9.6.10.4. Strategic Initiatives
- 9.6.11. Fisher & Paykel Appliances Holdings Ltd.
- 9.6.11.1 Company Overview
- 9.6.11.2 Financial Performance
- 9.6.11.3 Product Benchmarking
- 9.6.11.4 Strategic Initiatives
- 9.6.12. Daewoo Electronics Corporation
- 9.6.12.1 Company Overview
- 9.6.12.2 Financial Performance
- 9.6.12.3 Product Benchmarking
- 9.6.12.4 Strategic Initiatives
- 9.6.1. Haier Inc.
Product Code: GVR-3-68038-253-2
List of Tables
- Table 1. Induction Cooktops market estimates and forecast, 2018 - 2030 (USD Million)
- Table 2. Induction Cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 3. Induction Cooktops market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 4. Induction Cooktops market estimates & forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 5. Induction Cooktops market estimates & forecast, by region, 2018 - 2030 (USD Million)
- Table 6. North America induction cooktops market estimates and forecasts, by country, 2018 - 2030 (USD Million)
- Table 7. North America induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 8. North America induction cooktops market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 9. North America induction cooktops market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 10. U.S. macro-economic outlay
- Table 11. U.S. induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 12. U.S. induction cooktops market estimates and forecast, by application, 2018 - 2030 (USD Million)
- Table 13. U.S. induction cooktops market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 14. Canada macro-economic outlay
- Table 15. Canada induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 16. Canada induction cooktops market estimates and forecast, by application, 2018 - 2030 (USD Million)
- Table 17. Canada induction cooktops market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 18. Europe induction cooktops market estimates and forecasts, by country, 2018 - 2030 (USD Million)
- Table 19. Europe induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 20. Europe induction cooktops market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 21. Europe induction cooktops market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 22. UK macro-economic outlay
- Table 23. UK induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 24. UK induction cooktops market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 25. UK induction cooktops market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 26. Germany macro-economic outlay
- Table 27. Germany induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 28. Germany induction cooktops market estimates and forecast, by application, 2018 - 2030 (USD Million)
- Table 29. Germany induction cooktops market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 30. France macro-economic outlay
- Table 31. France induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 32. France induction cooktops market estimates and forecast, by application, 2018 - 2030 (USD Million)
- Table 33. France induction cooktops market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 34. Italy macro-economic outlay
- Table 35. Italy Induction Cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 36. Italy induction cooktops market estimates and forecast, by application, 2018 - 2030 (USD Million)
- Table 37. Italy induction cooktops market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 38. Spain macro-economic outlay
- Table 39. Spain induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 40. Spain induction cooktops market estimates and forecast, by application, 2018 - 2030 (USD Million)
- Table 41. Spain induction cooktops market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 42. Asia Pacific induction cooktops market estimates and forecasts, by country, 2018 - 2030 (USD Million)
- Table 43. Asia Pacific induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 44. Asia Pacific induction cooktops market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 45. Asia Pacific induction cooktops market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 46. China macro-economic outlay
- Table 47. China induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 48. China induction cooktops market estimates and forecast, by application, 2018 - 2030 (USD Million)
- Table 49. China induction cooktops market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 50. India macro-economic outlay
- Table 51. India induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 52. India induction cooktops market estimates and forecast, by application, 2018 - 2030 (USD Million)
- Table 53. India induction cooktops market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 54. Japan macro-economic outlay
- Table 55. Japan induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 56. Japan induction cooktops market estimates and forecast, by application, 2018 - 2030 (USD Million)
- Table 57. Japan induction cooktops market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 58. Australia macro-economic outlay
- Table 59. Australia induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 60. Australia induction cooktops market estimates and forecast, by application, 2018 - 2030 (USD Million)
- Table 61. Australia induction cooktops market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 62. South Korea macro-economic outlay
- Table 63. South Korea induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 64. South Korea induction cooktops market estimates and forecast, by application, 2018 - 2030 (USD Million)
- Table 65. South Korea induction cooktops market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 66. Central & South America induction cooktops market estimates and forecasts, by country, 2018 - 2030 (USD Million)
- Table 67. Central & South America induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 68. Central & South America induction cooktops market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 69. Central & South America induction cooktops market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 70. Brazil macro-economic outlay
- Table 71. Brazil Induction Cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 72. Brazil induction cooktops market estimates and forecast, by application, 2018 - 2030 (USD Million)
- Table 73. Brazil induction cooktops market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 74. MEA induction cooktops market estimates and forecasts, by country, 2018 - 2030 (USD Million)
- Table 75. MEA induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 76. MEA induction cooktops market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 77. MEA induction cooktops market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 78. South Africa macro-economic outlay
- Table 79. South Africa induction cooktops market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 80. South Africa induction cooktops market estimates and forecast, by application, 2018 - 2030 (USD Million)
- Table 81. South Africa induction cooktops market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Induction Cooktops market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research approaches
- Fig. 5 Primary research process
- Fig. 6 Market snapshot
- Fig. 7 Product segment snapshot
- Fig. 8 Application segment snapshot
- Fig. 9 Distribution channel segment snapshot
- Fig. 10 Competitive landscape snapshot
- Fig. 11 Induction cooktops market value, 2024 (USD Billion)
- Fig. 12 Induction Cooktops market - Industry value chain analysis
- Fig. 13 Induction Cooktops market dynamics
- Fig. 14 Induction Cooktops market: Porter's analysis
- Fig. 15 Induction Cooktops market, by product: Key takeaways
- Fig. 16 Induction Cooktops market, by product: Market share, 2024 & 2030
- Fig. 17 Built-in induction cooktops market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 18 Free-standing induction cooktops market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 19 Induction Cooktops market, by application: Key takeaways
- Fig. 20 Induction Cooktops market, by application: Market share, 2024 & 2030
- Fig. 21 Household induction cooktops market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 22 Commercial induction cooktops market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 23 Induction Cooktops market, by distribution channel: Key takeaways
- Fig. 24 Induction Cooktops market, by distribution channel: Market share, 2024 & 2030
- Fig. 25 Induction Cooktops market estimates & forecasts, through Hypermarkets & Supermarkets channels, 2018 - 2030 (USD Billion)
- Fig. 26 Induction Cooktops market estimates & forecasts, through Specialty Stores channels, 2018 - 2030 (USD Billion)
- Fig. 27 Induction Cooktops market estimates & forecasts, through Online distribution
- Fig. 28 Induction Cooktops market revenue, by region, 2024 & 2030 (USD Billion)
- Fig. 29 Regional marketplace: Key takeaways
- Fig. 30 North America Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 31 US Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 32 Canada Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 33 Europe Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 34 UK Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 35 Germany Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 36 France Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 37 Asia Pacific Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 38 China Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 39 India Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 40 Japan Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 41 Central & South America Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 42 Brazil Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 43 Middle East & Africa Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 44 South Africa Induction Cooktops market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 45 Key company categorization
- Fig. 46 Strategic framework
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