Mon, 30 Jan 2023

The built-in hobs market sales is projected to reach a valuation of US$ 3.9 Bn in 2022. Sales are projected to increase at a 7.6% CAGR, with the market surpassing US$ 8.1 Bn by 2032.

Growth in the market is underpinned by availability of large range of products across online and offline distribution channels coupled with growing adoption of modular and innovative appliances.

Further, with the rising urbanization, the demand for convenience, safety, and aesthetic appeal of built-in hobs has surged the sales in the market. Moreover, the development of luxury residences, renovation and restoration of existing kitchens is propelling the demand for premium kitchen appliances.

Furthermore, innovations in technology, such as the introduction of smart kitchen equipment that can be managed remotely, are further accelerating the sales. As more people become concerned about their kitchen aesthetics, the demand for gadgets such as sanitary and oil/smoke-free cooking conditions has grown significantly, pushing the demand for built-in hobs in the market.

Request for Report Sample @

https://www.futuremarketinsights.com/reports/sample/rep-gb-14859

Key Takeaways from the Built-in Hobs Market Study

  • India is expected to be dominate the South Asia built-in hobs market on the back of growing adoption of smart kitchen and home appliances in the country.
  • In terms of product type, the electric hob segment will account for significant share in the global built-in hobs market.
  • By burner-type, 4 burner segment will gain traction over the forthcoming decade in the built-in hobs market.
  • Based on sales channel, exclusive stores are expected to be the leading sales channel for built-in hobs.

Who is winning?

New entrants face moderate to high entry barriers to the market because of the high costs of research and development and the high initial costs of setting up shop. Innovations and player consolidations drive the industry as a whole. To obtain an advantage over their rivals and to expand their product range, manufacturers are focused on numerous facets of innovation.

Major players present in the built-in hobs market are Robert Bosch GmbH, Häfele, Stove Kraft Limited, TTK Prestige Limited, Somany Home Innovation Limited (SHIL), Franke-Faber, CATA Electrodomesticos India, Sunflame Enterprises Private limited, Electrolux AB.

Get Your Comprehensive Brochure@

https://www.futuremarketinsights.com/reports/brochure/rep-gb-14859

Built-In Hobs Market By Category

By Product Type:

  • Electric Hobs
  • Ceramic
  • Others (Induction, gas)

By Burner Type:

  • 2 Burner
  • 3 Burner
  • 4 Burner
  • Others

By Sales Channel:

  • Multi-brand Stores
  • Exclusive Stores
  • Online Stores
  • Independent Stores
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East and Africa (MEA)

Ask Our Analyst More about Report @

https://www.futuremarketinsights.com/ask-question/rep-gb-14859

Explore Wide-Ranging Coverage of FMI's of Consumer Product Insights

at US$ 3.1 Billion in 2022 and is projected to reach US$ 5.0 Billion by 2032

Pet Stain Remover and Odour Control Market Type: The global pet stain remover and odour control market is estimated at US$ 8.4 Bn in 2022 and is projected to reach US$ 12.0 Bn by 2032

Pet Market Demand: The global pet market (purchasing of pets) size is estimated at US$ 16,607.2 Million in 2022 and is projected to reach US$ 34,140.7 Million by 2032

Disposable E-Cigarettes Market: The global disposable e-cigarettes market size is expected to be valued at US$ 6.34 Billion in 2022.

Clothing Recycling Market: Clothing Recycling Market by Type, End-use, Waste Type, Recycling Type, Distribution Channel & Region - Forecast 2022 - 2032

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware - 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse Latest Market reports: https://www.futuremarketinsights.com/reports

The post Growing Adoption of Smart Home Appliances to Push Built-in Hobs Market | Exclusive Report by Future Market Insights, Inc. appeared first on Future Market Insights.

Original Source of the original story >> Growing Adoption of Smart Home Appliances to Push Built-in Hobs Market | Exclusive Report by Future Market Insights, Inc.

This content is published on behalf of the above source. Please contact them directly for any concern related to the above.

This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

More Cincinnati News

Access More

Sign up for Cincinnati News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!