PUBLISHER: KBV Research | PRODUCT CODE: 1397674
PUBLISHER: KBV Research | PRODUCT CODE: 1397674
North America 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
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.
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)
- US
- Canada
- Mexico
- Rest of North America
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
Unique Offerings from KBV Research
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Household Induction Cooktops Market, by Type
- 1.4.2 North America Household Induction Cooktops Market, by Distribution Channel
- 1.4.3 North America Household Induction Cooktops Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter's Five Forces Analysis
Chapter 4. North America Household Induction Cooktops Market, By Type
- 4.1 North America Built-In Market, By Country
- 4.2 North America Free-Standing & Portable Market, By Country
Chapter 5. North America Household Induction Cooktops Market, By Distribution Channel
- 5.1 North America Offline Market, By Country
- 5.2 North America Online Market, By Country
Chapter 6. North America Household Induction Cooktops Market, By Country
- 6.1 US Household Induction Cooktops Market
- 6.1.1 US Household Induction Cooktops Market, By Type
- 6.1.2 US Household Induction Cooktops Market, By Distribution Channel
- 6.2 Canada Household Induction Cooktops Market
- 6.2.1 Canada Household Induction Cooktops Market, By Type
- 6.2.2 Canada Household Induction Cooktops Market, By Distribution Channel
- 6.3 Mexico Household Induction Cooktops Market
- 6.3.1 Mexico Household Induction Cooktops Market, By Type
- 6.3.2 Mexico Household Induction Cooktops Market, By Distribution Channel
- 6.4 Rest of North America Household Induction Cooktops Market
- 6.4.1 Rest of North America Household Induction Cooktops Market, By Type
- 6.4.2 Rest of North America Household Induction Cooktops Market, By Distribution Channel
Chapter 7. Company Profiles
- 7.1 Whirlpool Corporation
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 SWOT Analysis
- 7.2 LG Corporation
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 SWOT Analysis
- 7.3 Panasonic Holdings Corporation
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 SWOT Analysis
- 7.4 Sub-Zero Group, Inc.
- 7.4.1 Company Overview
- 7.4.2 SWOT Analysis
- 7.5 Haier Smart Home Co., Ltd. (Haier Group Corporation)
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expense
- 7.5.5 SWOT Analysis
- 7.6 Koninklijke Philips N.V.
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expense
- 7.6.5 SWOT Analysis
- 7.7 Robert Bosch GmbH
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expense
- 7.7.5 SWOT Analysis
- 7.8 SMEG S.p.A.
- 7.8.1 Company overview
- 7.8.2 SWOT Analysis
- 7.9 AB Electrolux
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Regional Analysis
- 7.9.4 Research & Development Expenses
- 7.9.5 SWOT Analysis
- 7.10. Miele & Cie. KG
- 7.10.1 Company Overview
- 7.10.2 SWOT Analysis
LIST OF TABLES
- 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
