Market Size of Europe Kitchen Hobs Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 1.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Kitchen Hobs Market Analysis
COVID-19 pandemic has restricted the construction of housing and building projects and the lockdown restrictions have limited the new purchases owing to the uncertainty in the economy and purchasing power parity but is anticipated to bounce back during the forecast period with the changing situations and customers approach towards the pandemic.
The growing e-commerce has been posing as a major competitor to other sellers due to highly competitive discounts and other offers has emerged as the fastest growing segment of the distribution channels in the year 2020, owing to the closure of physical stores for a longer time due to the COVID-19 pandemic. Growing competition and increased consumer demand for innovative products are expected to drive the growth of the Kitchen Hobs Market in Europe. The product innovations introduced are in terms of technology, performance, features, and design. The growing purchasing power, increasing disposable income among the customers and changing style trends in the Kitchen Appliances has propelled the demand for Kitchen Hobs Market in Europe. Similarly, distribution is notably tending towards channels featuring high discounts, including private label goods outlets, mega markets offering high discounts through tax rebates and tie-ups with manufacturers.
Europe Kitchen Hobs Industry Segmentation
Unlike ordinary gas stoves, a kitchen hob comes with powerful burners and strong support grills to hold the heavy utensils like pressure cooker. They are built to be perfectly integrated onto the kitchen top. A complete background analysis of the Europe Kitchen Hobs Market, which is segmented by Product (Ceramic Hobs, Induction Hobs, Electric Plate Hobs, Gas Hobs, Gas on Glass Hobs, Domino Hobs) By Distribution Channel (Multi-Brand Stores, Specialty Stores, Online Stores, and Other Distribution Channels) and by Geography (France, United Kingdom, Germany, Italy, Spain, and Rest of Europe).
By Product | |
Ceramic hobs | |
Induction Hobs | |
Electric Plate Hobs | |
Gas Hobs | |
Others |
By Distribution Channel | |
Multi-Brand Stores | |
Specialty Stores | |
Online Stores | |
Other |
By Geography | |
France | |
United Kingdom | |
Germany | |
Italy | |
Spain | |
Rest of Europe |
Europe Kitchen Hobs Market Size Summary
The Europe Kitchen Hobs market is poised for growth, driven by increasing urbanization, rapid industrialization, and a surge in construction activities across the region. The market is experiencing a shift towards energy-efficient and innovative cooking solutions, such as induction and electric hobs, which are preferred for their safety and cost-effectiveness. The rise in disposable income and changing consumer preferences towards modern kitchen appliances are further propelling the demand for kitchen hobs. The market landscape is becoming increasingly competitive, with e-commerce emerging as a significant distribution channel, offering competitive discounts and promotions. This trend is expected to continue as consumers increasingly favor online shopping due to its convenience and cost savings.
The market is moderately consolidated, with major international players like Samsung, Whirlpool, Arcelik, BSH Hausgerate GmbH, and Electrolux dominating the scene. However, technological advancements and product innovations are enabling mid-size and smaller companies to expand their market presence by securing new contracts and exploring untapped markets. The focus on sustainability is also shaping the market, as companies like Electrolux and Whirlpool make significant strides in reducing their greenhouse gas emissions, aligning with global sustainability targets. As the market evolves, the demand for kitchen hobs is expected to grow steadily, supported by advancements in technology, design, and energy efficiency.
Europe Kitchen Hobs Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitutes
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1.4.5 Intensity of Competitive Rivalry
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1.5 Insights into Latest Technologies Used in the Industry
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1.6 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Ceramic hobs
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2.1.2 Induction Hobs
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2.1.3 Electric Plate Hobs
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2.1.4 Gas Hobs
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2.1.5 Others
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2.2 By Distribution Channel
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2.2.1 Multi-Brand Stores
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2.2.2 Specialty Stores
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2.2.3 Online Stores
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2.2.4 Other
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2.3 By Geography
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2.3.1 France
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2.3.2 United Kingdom
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2.3.3 Germany
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2.3.4 Italy
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2.3.5 Spain
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2.3.6 Rest of Europe
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Europe Kitchen Hobs Market Size FAQs
What is the current Europe Kitchen Hobs Market size?
The Europe Kitchen Hobs Market is projected to register a CAGR of greater than 1.5% during the forecast period (2024-2029)
Who are the key players in Europe Kitchen Hobs Market?
Samsung, Whirlpool, Arcelik, BSH Hausgerate GmbH and Electrolux are the major companies operating in the Europe Kitchen Hobs Market.