What is Global Electrical Cooktops Market?
The Global Electrical Cooktops Market is a comprehensive study of the worldwide market trends and growth prospects for electrical cooktops. This market is a segment of the larger home appliances industry and focuses specifically on cooktops powered by electricity. These cooktops come in various types, including induction cooktops and electric coil cooktops, among others. The market study encompasses the production, sales, and consumption patterns of these cooktops across the globe. It also includes an analysis of the key players in the market, their market share, and their strategies for growth. The study provides insights into the factors driving the market growth, the challenges faced by the industry, and the opportunities available for expansion. It also includes a detailed segmentation of the market based on product type, application, and region. The Global Electrical Cooktops Market study is a valuable resource for manufacturers, distributors, and investors in the electrical cooktops industry. It provides them with a clear understanding of the market dynamics and helps them make informed business decisions.
Glass Ceramic Cooktop, Electric Coil Cooktop in the Global Electrical Cooktops Market:
The Global Electrical Cooktops Market is segmented based on the type of cooktop. The two main types of electrical cooktops are Glass Ceramic Cooktop and Electric Coil Cooktop. The Glass Ceramic Cooktop is a popular choice among consumers due to its sleek design and easy-to-clean surface. It uses radiant heat technology to heat the cooking vessel, making it an energy-efficient choice. On the other hand, the Electric Coil Cooktop uses an electric coil to heat the cooking vessel. It is a traditional type of cooktop and is known for its durability and affordability. Both these types of cooktops have their own advantages and disadvantages, and the choice between them depends on the consumer's cooking needs, budget, and personal preference. The market study provides a detailed analysis of the sales and consumption patterns of these two types of cooktops, along with an insight into the factors influencing their demand.
Home, Commercial in the Global Electrical Cooktops Market:
The Global Electrical Cooktops Market also provides an analysis of the usage of electrical cooktops in different areas, namely Home and Commercial. In the home segment, electrical cooktops are used in kitchens for daily cooking needs. They are preferred for their ease of use, energy efficiency, and safety features. In the commercial segment, electrical cooktops are used in restaurants, hotels, and other food service establishments. They are chosen for their high cooking performance, durability, and ability to handle heavy-duty cooking tasks. The market study provides a detailed analysis of the demand for electrical cooktops in these two areas, along with a forecast of their future growth prospects.
Global Electrical Cooktops Market Outlook:
The market outlook for the Global Electrical Cooktops Market provides a snapshot of the market's current status and future growth prospects. As of 2022, the market was valued at US$ 1893.7 million. It is expected to reach a value of US$ 2119.1 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 1.6% during the forecast period from 2023 to 2029. The market is dominated by the top 3 players, who hold about 50% of the global market shares. The Glass Ceramic Cooktop is the most popular type of electrical cooktop, accounting for over 80% of the market share. The commercial segment is the key application area for electrical cooktops, holding about 85% of the market shares.
| Report Metric | Details |
| Report Name | Electrical Cooktops Market |
| Accounted market size in 2023 | US$ 1893.7 million |
| Forecasted market size in 2030 | US$ 2119.1 million |
| CAGR | 1.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Electrolux, Bosch Home Appliances, Midea, Whirlpool, GE Appliance, Kenmore, Smeg, Fisher & Paykel, Thermador, Baumatic, Haier Group, LG, Asko, Subzero Wolf, Summit Appliance |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
