Market Research Reports

Household Induction Cook-tops Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019

80pages
Published Date: 2014-06-10
 

Description


The global household induction cook-tops market is driven by the rise in prices of traditional fuels such as LPG and natural gas, increase in disposable income and growing consumer awareness. In addition, higher fuel efficiency offered by induction cook-tops has also immensely contributed to the market growth. However, some of the factors which hinder the market growth include the high initial cost, need for specialized cook-ware (magnetic ware) and rising trend of outdoor dining. Furthermore, growing urbanization in emerging markets such as India, Latin American countries, Brazil, China and development of new and improved products which address customer concerns such as efficiency, high maintenance cost etc. are expected to emerge as an opportunity, thereby contributing to the growth of the global household induction cook-tops market.

This market is sub-segmented on the basis of products and geography. Product segment includes free-standing (portable) and integrated (built-in) cook-tops. By products, the built-in cook-tops segment dominated the global household induction market and the trend is expected to continue over the forecast period. A detailed market analysis and forecast for these segments has been provided in this study, in terms of market revenue (USD million) for the period 2011 to 2019. The market revenue has been forecast for the period 2013 to 2019, considering 2012 as the base year

The geographic segmentation includes North America, Asia-Pacific, Europe and Rest of the World (RoW). The market share analysis of the leading players of induction cook-tops mentioned in the report exemplifies scrupulous understanding of their market shares in terms of geography. By geography, Europe was the largest contributor to the market followed by North America and Asia-Pacific respectively. Asia-Pacific is expected to be the fastest growing region due to its robust economic growth. China and India being the most populous countries are key contributors to the future potential for growth in the Asia-Pacific region. Some of the major factors driving the growth of Asia-Pacific household induction cook-tops market include urbanization, fast economic developments, rising population, and increasing costs of fuels such as natural gas, LPG, and others. Though the technology has been in the market for a long time, the region is seeing late adoption due to resistance for change to flat bottom cookware. This report provides strategic analysis of the global household induction cook-tops market, and the market growth forecast for the period 2013 – 2019. The detailed value chain analysis helps the market competitors to formulate their business strategies at every stage of their business. Moreover, the market estimates have been analyzed by keeping in mind the several factors which affect the market. Moreover, the Porter’s five forces analysis and market attractiveness included in the report provides deep understanding of the market. 

The study further offers recommendations and highlights of the market, which would be useful for the present and new market players to sustain and grow in the global human reproductive technologies market. In terms of market competitiveness, with global market being dominated by regional players, there is increased trend of mergers and acquisitions, due leading white goods industry players eyeing opportunities to enter and expand their market shares. The competitive profiling of the key players included in the report helps in making strategic business decisions. The global household induction cook-tops market consists of many renowned players namely AB Electrolux, Whirlpool Corporation, Indesit Corporation and Fischer & Paykel among others. These key players focus on technological developments and strategic alliances which help them to remain competitive in the market. Such business strategies also help other competitors to sustain a steady position in the global market. 

Table of Contents



Chapter 1 Introduction
1.1 Report description and scope
1.1.1 Market segmentation
1.2 Research methodology

Chapter 2 Executive Summary
2.1 Global household induction cook-tops market snapshot, 2012 & 2019
2.2 Global household induction cook-tops market size and forecast, 2011 – 2019 (USD million) and Y-o-Y growth (%)

Chapter 3 Global Household Induction Cook-tops Market Overview
3.1 Introduction and market definition
3.2 Market dynamics
      3.2.1 Drivers
      3.2.2 Impact analysis of drivers
               3.2.2.1 Growing population and rising number of smaller households
               3.2.2.2 Increased per capita income
               3.2.2.3 Optimized cooking
               3.2.2.4 Rise in number of working women
               3.2.2.5 Rising fuel prices: Induction or electricity operated cook-tops gaining popularity
      3.2.3 Restraints
      3.2.4 Impact analysis of restraints
               3.2.4.1 Need for specialized cook-ware: Magnetic ware (higher switching cost)
               3.2.4.2 Higher cost (first time purchase)
               3.2.4.3 Growing preferences for ovens/microwaves and rising trend for outdoor dining
      3.2.5 Opportunities
               3.2.5.1 Development of novel and improved products
               3.2.5.2 India as potential market for induction cook-tops
               3.2.5.3 Rising urbanization in emerging markets
3.3 Market trends and future outlook
      3.3.1 Market Trends
3.4 Value chain analysis
3.5 Porter’s five forces analysis
      3.5.1 Bargaining power of suppliers
      3.5.2 Bargaining power of buyers
      3.5.3 Threat from new entrants
      3.5.4 Threat from substitutes
      3.5.5 Degree of competition
3.6 Market attractiveness analysis
3.7 Competitive landscape
      3.7.1 Market share of key players, by geography (Revenue % and Volume %)
      3.7.2 Market share of key players, by geography, 2012 (Revenue % and Volume %)

Chapter 4 Global Household Induction Cook-tops Market Analysis, By Product
4.1 Global household induction cook-tops market overview, by product, 2012 & 2019 (%)
4.2 Free-standing (portable) household induction cook-tops market size and forecast, 2011 – 2019 (USD million and Million units)
4.3 Integrated (built-in) household induction cook-tops market size and forecast, 2011 – 2019 (USD million and Million units)

Chapter 5 Global Household Induction Cook-tops Market Analysis, By Geography
5.1 Global household induction cook-tops market overview, by geography, 2012 & 2019 (%)
5.2 North America household induction cook-tops market size and forecast, 2011 – 2019 (USD million and Million units)
5.3 Europe household induction cook-tops market size and forecast, 2011 – 2019 (USD million and Million units)
5.4 Asia-Pacific household induction cook-tops market size and forecast, 2011 – 2019 (USD million and Million units)
5.5 RoW (Rest of the World) household induction cook-tops market size and forecast, 2011 – 2019 (USD million and Million units)

Chapter 6 Company Profiles
6.1 AB Electrolux
      6.1.1 Company Overview
      6.1.2 Financial Overview
      6.1.3 Business Strategy
      6.1.4 Recent Developments
6.2 Daewoo Electronics Corporation
      6.2.1 Company Overview
      6.2.2 Financial Overview
      6.2.3 Business Strategy
      6.2.4 Recent Developments
6.3 Whirlpool Corporation
      6.3.1 Company Overview
      6.3.2 Financial Overview
      6.3.3 Business Strategy
      6.3.4 Recent Developments
6.4 Haier Group
      6.4.1 Company Overview
      6.4.2 Financial Overview
      6.4.3 Business Strategy
      6.4.4 Recent Developments
6.5 LG Electronics
      6.5.1 Company Overview
      6.5.2 Financial Overview
      6.5.3 Business Strategy
      6.5.4 Recent Developments
6.6 Panasonic Corporation
      6.6.1 Company Overview
      6.6.2 Financial Overview
      6.6.3 Business Strategy
      6.6.4 Recent Developments
6.7 Philips Electronics
      6.7.1 Company Overview
      6.7.2 Financial Overview
      6.7.3 Business Strategy
      6.7.4 Recent Developments
6.8 Videocon Industries Limited
      6.8.1 Company Overview
      6.8.2 Financial Overview
      6.8.3 Business Strategy
      6.8.4 Recent Developments
6.9 Robert Bosch Gmbh
      6.9.1 Company Overview
      6.9.2 Financial Overview
      6.9.3 Business Strategy
      6.9.4 Recent Developments
6.10 Fisher & Paykel Appliances Holdings Ltd.
      6.10.1 Company Overview
      6.10.2 Financial Overview
      6.10.3 Business Strategy
      6.10.4 Recent Developments
6.11 Stoves Appliance Company (Glen Dimplex Home Appliances Ltd.)
      6.11.1 Company Overview
      6.11.2 Financial Overview
      6.11.3 Business Strategy
      6.11.4 Recent Developments
6.12 Miele & Cie. Kg
      6.12.1 Company Overview
      6.12.2 Financial Overview
      6.12.3 Business Strategy
      6.12.4 Recent Developments
6.13 Sub-Zero Wolf
      6.13.1 Company Overview
      6.13.2 Financial Overview
      6.13.3 Business Strategy
      6.13.4 Recent Developments
6.14 Smeg
      6.14.1 Company Overview
      6.14.2 Financial Overview
      6.14.3 Business Strategy
      6.14.4 Recent Developments

List of Figures 

FIG. 1 Household induction cook-tops market segmentation
FIG. 2 Global household induction cook-tops market size and forecast, 2011 – 2019 (USD million and Million units)
FIG. 3 Value chain analysis
FIG. 4 Porter’s five forces analysis
FIG. 5 Market attractiveness analysis
FIG. 6 North America market share of key players, 2012 (Revenue % and Volume %)
FIG. 7 Europe market share of key players, 2012 (Revenue % and Volume %)
FIG. 8 Asia-Pacific market share of key players, 2012 (Revenue % and Volume %)
FIG. 9 Rest of the World market share of key players, 2012 (Revenue % and Volume %)
FIG. 10 Global household induction cook-tops market overview, by product, 2012 & 2019 (Revenue %)
FIG. 11 Global household induction cook-tops market overview, by product, 2012 & 2019 (Volume %)
FIG. 12 Free-standing (portable) household induction cook-tops market size, 2011 – 2019 (USD million and Million units)
FIG. 13 Integrated (built-in) household induction cook-tops market size, 2011 – 2019 (USD million and Million units)
FIG. 14 Global household induction cook-tops market overview, by geography, 2012 & 2019 (Revenue %)
FIG. 15 Global household induction cook-tops market overview, by geography, 2012 & 2019 (Volume %)
FIG. 16 North America household induction cook-tops market size, 2011 – 2019 (USD million and Million units)
FIG. 17 Europe household induction cook-tops market size, 2011 – 2019 (USD million and Million units)
FIG. 18 Asia-Pacific household induction cook-tops market size, 2011 – 2019 (USD million and Million units)
FIG. 19 RoW (Rest of the World) household induction cook-tops market size, 2011 – 2019 (USD million and Million units)
FIG. 20 AB Electrolux, annual revenue, 2010 & 2011, (USD million)
FIG. 21 AB Electrolux, market share – by products, 2010 & 2011, (%)
FIG. 22 Whirlpool Corporation, annual revenue, 2010 & 2011, (USD million)
FIG. 23 Haier Group, annual revenue, 2010 & 2011, (USD million)
FIG. 24 Haier Group, market share – by products, 2010 & 2011, (%)
FIG. 25 LG Electronics, annual revenue, 2010 & 2011, (USD billion)
FIG. 26 Panasonic Corporation, annual revenue, 2010 & 2011, (USD billion)
FIG. 27 Panasonic Corporation, market share – by products, 2010 & 2011, (%)
FIG. 28 Philips Electronics, annual revenue, 2010 & 2011, (USD million)
FIG. 29 Videocon Industries Limited, annual revenue, 2010 & 2011, (USD million)
FIG. 30 Robert Bosch Gmbh, annual revenue, 2010 & 2011, (USD million)
FIG. 31 Fisher & Paykel Appliances Holdings Ltd., annual revenue, 2010 & 2011, (USD million)

List of Tables

TABLE 1 Global household induction cook-tops market snapshot, 2012 & 2019
TABLE 2 Impact analysis of drivers
TABLE 3 Global population growth (2009-2012) 
TABLE 4 New houses sold in the U.S., 2010-2012
TABLE 5 Gross National Income Per Capita (USD) 
TABLE 6 Female Labor Participation, 2010 (%)
TABLE 7 Crude Oil and natural Gas Price History, 2009 – 2011
TABLE 8 Impact analysis of restraints

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Free Market Analysis


The household induction cook-tops market refers to the global market for cook-tops, also known as hobs, which operate on the concept of induction heating/cooking. These are considered as one of the advanced technological innovations in the field of cooking. This type of cooking not only has energy efficiency benefits, but also provides health and safety benefits to users. Induction cook-tops, which are relatively new to many regions in emerging Asia-Pacific economies, are already enjoying fast adoption across consumers in Europe. The induction cook-tops market is experiencing a moderate single digit growth rate, and is expected to see gradual rise towards end of the forecast period. This is due to growing awareness and rapid urbanization in Asia-Pacific and Eastern Europe regions. 

There are many factors driving the market growth for induction cook-tops, and the key influencer is the growing awareness and rise in disposable income. Induction cook-tops, which are currently considered as high-end consumer products, are gradually finding growing acceptance among consumers. The impact of disposable income growth is further multiplied by various macro and micro economic factors, such as rising fuel cost for conventional cook-tops (gas, electricity, and others), growing trend of modular kitchens in new houses, preference for a comfortable work environment in the kitchen, improved heat control with induction cooking, advanced technologies and their benefits towards healthy cooking, and many more.

Induction cook-tops are of two types, free-standing (portable) and integrated (built-in) cook-tops. Of these, the integrated cook-tops dominated the global household induction cook-tops market in 2012, and is expected to retain its leading position by 2019, growing at a CAGR of 5.3%. Demand for built-in hobs is largely contributed from regions such as Europe and Middle East, which have large houses (floor space and dedicated kitchen space). Even the trend of joint or large families in the region has positive impact on the built-in hobs demand.

For the same reasons, geographically too, Europe is the biggest market for induction cook-tops, and accounted for more than one third of the global induction cook-tops market. However, the Asia-Pacific market is the fastest growing, and forecast to account for the highest growth share of the global market for induction cook-tops. This is because of growing acceptance of induction cooking as part of lifestyle standards. Moreover, with trend of modular kitchen being promoted by real estate developers for their projects, this demand is further expected to go up in the mid to long term. 

As a result, leading players from the white goods industry are quickly moving into the induction cook-tops market in the Asia-Pacific region. Factors, such as high competition from domestic manufacturers in Europe, which has healthy concentration of both domestic and global manufacturers, is also driving these global players to look for opportunities in the Asia-Pacific market. Renowned players in the European market are Miele & Cie. KG, Smeg, Sub-Zero Wolf, AB Electrolux, Stoves, and many more. The popular names in the Asia Pacific market are Philips Electronics, Panasonic, Whirlpool, and others. Product innovation is observed as the key strategy followed by industry leaders, who are introducing cook-tops with multiple hot surfaces, advanced auto cook features, and more trendy designs.

household-induction-cook-tops-market
 

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