Europe Induction Cooktops Market Size & Outlook, 2023-2030
- Consumer Goods
- Consumer Electronics & Appliances
- Induction Cooktops Market Outlook
- Consumer Electronics & Appliances
Europe Induction Cooktops Market, 2018-2030 (US$M)
Global Market
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Europe induction cooktops market highlights
- The Europe induction cooktops market generated a revenue of USD 35,351.6 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, induction cooktops was the largest revenue generating type in 2023.
- Induction Cooktops is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 35,351.6 million |
| Market revenue in 2030 | USD 53,565.0 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Induction cooktops |
| Fastest growing segment | Induction Cooktops |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gas Cooktops, Electric Cooktops, Induction Cooktops |
| Key market players worldwide | Whirlpool Corp, LG Electronics Inc ADR, Electrolux AB ADR, Koninklijke Philips NV, Bosch, Avis Budget Group Inc, Panasonic Holdings Corp, TTK Group, Smeg, Sub-Zero, Wolf, and Cove, Miele |
Other key industry trends
- In terms of revenue, Europe region accounted for 34.6% of the global induction cooktops market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 56,152.7 million by 2030.
The significant European economy is approximately valued at USD 18.8 trillion, which accounts for 22% of the world economy, creating new growth opportunities for the induction cooktops market. All regional manufacturers are expected to adhere to sustainable sourcing of raw materials.
Manufacturers and raw material suppliers are also expected to comply with standards and regulations set by the European Union for the mining of copper and other metals required for the production of induction cooktops.
Built-in induction cooktops have a stylish look as well as offer several benefits like multiple cooking burners, temperature control options, smart slide, and child lock safety system. This is expected to help expand the market reach in the future.
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Induction Cooktops Market Scope
Induction Cooktops Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| Panasonic Holdings Corp | View profile | 230,025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | holdings.panasonic |
| LG Electronics Inc ADR | View profile | 35,111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | www.lge.co.kr |
| Electrolux AB ADR | View profile | 41,869 | Street Goransgatan 143, Stadshagen, Stockholm, Sweden, SE-105 45 | www.electroluxgroup.com |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | www.bosch.com |
| Whirlpool Corp | View profile | 59,000 | 2000 North M-63, Benton Harbor, MI, United States, 49022-2692 | www.whirlpoolcorp.com |
| Avis Budget Group Inc | View profile | 31,000 | 379 Interpace Parkway, Parsippany, NJ, United States, 07054 | www.avisbudgetgroup.com |
| TTK Group | View profile | 251-500 | Bangalore, Karnataka, India, Asia | www.ttkservices.com |
| Smeg | View profile | 251-500 | Guastalla, Emilia-Romagna, Italy, Europe | www.smeg.com/ |
| Sub-Zero, Wolf, and Cove | View profile | 1001-5000 | Madison, Wisconsin, United States, North America | www.subzero-wolf.com/sub-zero |
Europe Induction Cooktops Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Induction Cooktops Market Outlook will help companies and investors design strategic landscapes.
Induction Cooktops was the largest segment with a revenue share of 36.91% in 2023.
Horizon Databook has segmented the Europe induction cooktops market based on gas cooktops, electric cooktops, induction cooktops covering the revenue growth of each sub-segment from 2018 to 2030.
The significant European economy is approximately valued at USD 18.8 trillion, which accounts for 22% of the world economy, creating new growth opportunities for the induction cooktops market. All regional manufacturers are expected to adhere to sustainable sourcing of raw materials.
Manufacturers and raw material suppliers are also expected to comply with standards and regulations set by the European Union for the mining of copper and other metals required for the production of induction cooktops.
Built-in induction cooktops have a stylish look as well as offer several benefits like multiple cooking burners, temperature control options, smart slide, and child lock safety system. This is expected to help expand the market reach in the future.
- Europe Induction Cooktops Market Type Outlook (Revenue, USD Million , 2018-2030)
- Gas Cooktops
- Electric Cooktops
- Induction Cooktops
- Europe Induction Cooktops Market Installation Type Outlook (Revenue, USD Million , 2018-2030)
- Built-in
- Freestanding
- Europe Induction Cooktops Market Application Outlook (Revenue, USD Million , 2018-2030)
- Residential
- Commercial
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Induction Cooktops Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Induction Cooktops Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Induction Cooktops Market, 2018-2030 (US$M)
Europe induction cooktops market statistics, by type, 2018-2030 (US$M)
