Germany Induction Cooktops Market Size & Outlook, 2023-2030
- Consumer Goods
- Consumer Electronics & Appliances
- Induction Cooktops Market Outlook
- Consumer Electronics & Appliances
Germany Induction Cooktops Market, 2018-2030 (US$M)
Global Market
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Germany induction cooktops market highlights
- The Germany induction cooktops market generated a revenue of USD 10,823.5 million in 2023 and is expected to reach USD 14,537.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.3% 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.
Induction cooktops market data book summary
| Market revenue in 2023 | USD 10,823.5 million |
| Market revenue in 2030 | USD 14,537.6 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Induction cooktops |
| Fastest growing segment | Induction Cooktops |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 10.6% of the global induction cooktops market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany induction cooktops market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 8,168.7 million by 2030.
Germany is a mature market for induction cooktops and, thus, it has the presence of various global induction cooktops brands including Koninklijke Philips N.V. as well as various local and regional players, such as ELAG Products GmbH and German Pool Group Co. Ltd.
The development of the country’s commercial sector with the rising number of restaurants and cafés is leading to an increased demand for induction cooktops. According to the Specialty Coffee Association (SCA), in 2019, there were 28,930 cafés in Germany and 2,160 coffee-focused cafés.
This increasing presence of independent and chain cafés is boosting the demand for induction cooktops in Germany. Research-driven operators and the high internet penetration, coupled with the rising use of smartphones, are expected to drive the popularity of the online platform for the sale of induction cooktops.
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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 |
Germany 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 47.08% in 2023.
Horizon Databook has segmented the Germany induction cooktops market based on gas cooktops, electric cooktops, induction cooktops covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is a mature market for induction cooktops and, thus, it has the presence of various global induction cooktops brands including Koninklijke Philips N.V. as well as various local and regional players, such as ELAG Products GmbH and German Pool Group Co. Ltd.
The development of the country’s commercial sector with the rising number of restaurants and cafés is leading to an increased demand for induction cooktops. According to the Specialty Coffee Association (SCA), in 2019, there were 28,930 cafés in Germany and 2,160 coffee-focused cafés.
This increasing presence of independent and chain cafés is boosting the demand for induction cooktops in Germany. Research-driven operators and the high internet penetration, coupled with the rising use of smartphones, are expected to drive the popularity of the online platform for the sale of induction cooktops.
- Germany Induction Cooktops Market Type Outlook (Revenue, USD Million , 2018-2030)
- Gas Cooktops
- Electric Cooktops
- Induction Cooktops
- Germany Induction Cooktops Market Installation Type Outlook (Revenue, USD Million , 2018-2030)
- Built-in
- Freestanding
- Germany Induction Cooktops Market Application Outlook (Revenue, USD Million , 2018-2030)
- Residential
- Commercial
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany Induction Cooktops Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Germany Induction Cooktops Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Germany Induction Cooktops Market, 2018-2030 (US$M)
Germany induction cooktops market statistics, by type, 2018-2030 (US$M)
