Global Induction Cooktops Market to reach USD 32.620 Billion by 2027. Global Induction Cooktops Market is valued approximately at USD 18.66 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 8.3% over the forecast period 2021-2027. The global Induction Cooktops Market is being driven by increase in the number of residential and non-residential development project and rise in the number of restaurants and eateries. Furthermore, the rise in fuel expenses for conventional gas cooktops and the growing trend of modular kitchens due to the comfort and safety benefits, will provide new opportunities for the global Induction Cooktops Market industry. For instance, according to Indian Brand equity foundation, there were 86,139 units of housing launches across the Indian cities in the December of 2020. The sales volume of homes across the cities in India doubled to 61,593 units from October 2020 to December 2020, as compared with 33,403 units in the previous quarter. As a result, increased sales of residential property which will serve as a catalyst for the Induction Cooktops Market industry in the future. However, the high-cost associated with the initial investments in specialized cookware, may impede market growth over the forecast period of 2021-2027.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key region considered for the regional analysis of global Induction Cooktops Market. The increase in urbanization and increased spending power of consumers makes the Asia Pacific the leading region across the world in terms of market share. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to presence of worldwide consumer induction cooktop providers in the region.
Major market player included in this report are:

Whirlpool Corporation
LG Electronics Inc
Electrolux AB
TTK Group
Smeg S.p.A
Koninklijke Philips N.V.
Robert Bosch GmbHMiele & Cie. KG

Panasonic Corporation
Sub-Zero Group, Inc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Built-in
Free-standing
By Distribution Channel:
Hypermarkets/Supermarkets
Specialty Stores
Online
By Application:
Commercial
Residential


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Induction Cooktops Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors