The global induction cooktop market is anticipated to grow at a considerable CAGR of 9.1% during the forecast period (2022-2028). These cooktops are inbuilt with multiple advanced features which give them an edge over the other available cooktop options such as gas cooktops, electric cooktops, and others. These inbuilt features provide several benefits which have fueled up the market, and out of these benefits, five are the most interesting for the consumers, which includes-
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The COVID-19 pandemic had impacted most of the industries owing to the imposition of lockdown in most nations. This lockdown restricted most of the industries manufacturing production including induction cooktops. The governments continued the lockdown for a few months to reduce the spread of the virus. It impacted a lot to most of the industries but the induction cooktop market was not impacted much. For instance, Whirlpool, one of the key market players of the induction cooktop market, reported total revenue of $19,580 million in 2020 which was 4% less than the total revenue of 2019. But as the situation got normal, induction cooktop demand rose significantly as people shifted back to their workplaces, and preferred to use more personalized, and portable products.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landsca
Global Induction Cooktop Market Report Segment
By Type
- Built-In
- Free-Standing
By Application
- Household
- Commercial
By Distribution Channel
- Online
- Offline
Global Induction Cooktop Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global induction cooktop market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market
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