Residential Hobs Market Size, Share & Trends Analysis Report By Product (Induction, Mix, Gas), By Size (2 Burner, 3 Burner, 4 Burner, 5 Burner), By Region, And Segment Forecasts, 2025 - 2030

Residential Hobs Market Size & Trends

The global residential hobs market size was valued at USD 17.85 billion in 2024 and is projected to grow at a CAGR of 6.0% from 2025 to 2030. Some of the key factors influencing the growth of this market are substantial increases in per capita income, product innovation, portfolio enhancements by key market players, growing awareness regarding the benefits of home cooking, and more. Increasing inclination among consumers towards cooking at residence owing to various aspects such as health consciousness, shifting focus on healthier dietary preferences, trends such as veganism, and others are also adding to the growth opportunities for this market.

The residential hobs industry has been experiencing a significant rise in demand driven by a shift in consumer behavior. An increasing number of individuals and families have shifted their dietary preferences and consumption patterns into entirely different directions, focusing on home cooking. Availability of multiple videos and guides regarding home cooking, rising mindfulness among consumers regarding factors such as calorie intake, protein contents in meals, amount of carbohydrates and fats in foods, etc., and ease of availability and accessibility associated with kitchen essentials and grocery have added to the stimulus for home cooking,

In addition, the availability of numerous kitchen appliances and machines that have simplified multiple complex and time-consuming cooking processes has encouraged more individuals to engage in home cooking. These include air fryers, stand mixers, advanced grinders, smart microwave ovens, and cookers. Innovation and technological advancements also contribute to the growing demand for this product. New launches, including advanced technology and integration with larger systems equipped with innovation, have added to the opportunities.

Furthermore, the availability of products suitable for minimum space available in modern kitchens of nuclear families in urban areas, advancements in technology in terms of product features, size, durability, materials used in manufacturing, post-sale services, and more are also driving the growth of this market. The emergence of smart hobs equipped with technology expertise such as intelligent temperature regulation, enhanced durability backed by toughened glass surface, and convenience enabled by assisted cooking and other advancements is projected to develop an upsurge in demand for this market.

Technological advancement plays a vital role in boosting the demand for the product. Although the product costs more in comparison with the other cooktops, consumers are becoming aware of the difference in energy efficiency between the two and thus propelling the overall demand. These hobs can be easily connected through smartphones via wireless connections such as Wi-Fi and Bluetooth, which send alerts and can be controlled from any part of the house.

Product Insights

Based on products, the induction hobs segment dominated the global residential hobs industry with a revenue share of 43.8% in 2024. This segment is mainly driven by the demand from urban consumers and the rising adoption of smart kitchens worldwide. Safety and security concerns related to the use of conventional cooking methods and energy solutions have shifted multiple consumers towards the use of induction hobs. These hobs often have modern features such as beveled sides and fronts, ultra-quick heating modes, child locks, timers, pan recognition, safety time switch-off abilities, touch controls, and more.

The mix hobs segment is projected to experience the fastest CAGR of 6.6% from 2025 to 2030. This is attributed to factors such as the availability of both gas and induction capabilities, enhanced convenience, ease of use, time and energy savings, improved cooking experiences, and others. This segment is also driven by the availability and accessibility of technically advanced products from key companies across various markets through effective distribution strategies and superior customer assistance. Shifting consumer preference for electricity for cooking due to the increasing price of LPG is boosting the segment growth. The price of LPG is witnessing a drastic change and is increasing continuously in countries such as India. Thus, consumers are shifting towards electric cooktops and hobs, thereby propelling the demand for the product.

Size Insights

Based on size, the four-burner hob segment held the largest revenue share of the global residential hobs industry in 2024. Four-burner hobs are increasingly used owing to several benefits, including the enhanced pace of cooking, the ability to cook more than one dish at a time, affordability and durability, time savings, ease of use, flexibility, improved temperature control, and more.

The three-burner hob segment is anticipated to experience the fastest CAGR from 2025 to 2030. This is attributed to growing utilization by nuclear families, increasing demand from young consumer groups seeking economical solutions for home cooking, and the lesser space occupied by three-burner hobs. Ease of availability through company stores, local kitchen appliances vendors, and e-commerce websites and improved marketing strategies adopted by the major market participants also contribute to the growth of this market.

Regional Insights

North America dominated the global residential hobs industry with a revenue share of 30.3% in 2024. This is attributed to the presence of multiple key companies in the region, early adoption trends in terms of technology and innovation, ease of availability and accessibility through multiple channels and growing e-commerce businesses, improved purchasing powers, and a large number of nuclear families, primarily in urbanized areas.

U.S. Residential Hobs Market Trends

The U.S. residential hobs industry held the largest revenue share of the regional market in 2024. Growing demand from urban consumers, trends of home cooking, increasing awareness regarding diets and food consumption, families' growing focus on embracing improved health regimes, the presence of multiple global technology and innovation companies in the country, and ease of availability are some of the key growth driving factors for this market.

Europe Residential Hobs Market Trends

Europe was identified as one of the key regions for the global residential hobs industry in 2024. Growing demand from nuclear families, increasing trend of home cooking, rising utilization in urban communities, availability of technologically advanced products such as smart hobs, and enhanced post-sale services offered by the key market participants to improve customer engagement and customer experiences are expected to drive demand for this market in approaching years.

The UK residential hobs market dominated the regional industry in 2024. This market is expected to experience significant growth owing to factors such as increasing urbanization, the large number of nuclear families, the roots of home cooking in traditions, increasing awareness regarding the role of balanced dietary preference in overall human health, and others.

Asia Pacific Residential Hobs Market Trends

Asia Pacific residential hobs market is projected to experience the fastest CAGR of 7.4% in 2024. This market is mainly driven by factors such as unprecedented growth in urbanization, especially in countries such as China, India, and others, availability of products offered by multiple global brands that enlist technologically advanced and innovation-based offerings in the portfolios, ease of accessibility through offline retail stores, brand stores, and online platforms including company websites, online portals, and e-commerce websites and presence of numerous key companies in the region such as Panasonic, Haier Inc., LG Electronics and others.

China's residential hobs market held the largest revenue share of the regional industry in 2024. This is attributed to multiple factors such as the entry of numerous global brands in Chinese markets, ease of availability, deep-rooted home cooking traditions in the country, growing preferences to embrace smart kitchen appliances, enhanced portfolios offered by prominent companies, improved post-sale services, and more.

Key Residential Hobs Company Insights

The market presents moderate to high entry barriers for new entrants as it requires high investment in research and development and high setup costs. The overall market is driven by innovations and mergers and acquisitions of players. Manufacturers are focusing on various aspects of innovation to gain an edge over their competitors and extend their product line to target the low-budget group. 

• Electrolux AB, one of the key companies in the technology and innovation industry, offers a range of products designed with a focus on the care, taste, and well-being of its customers.

• Bosch (BSH Home Appliances Group), a major supplier of technology and innovation for multiple customers and industry users, offers Built-in hobs, equipped with intelligent technology. This includes Series 4 Tabletop gas hob 60 cm Black, Series 4 Tabletop gas hob 80 cm Black, Series 4 Tabletop gas hob 80 cm Black, Series 6 Gas hob 90 cm Stainless steel and others.

Recent Developments

• In September 2024, AEG, one of the prominent kitchen appliances technology and innovation brands by AB Electrolux (publ), launched a series of innovations driven by factors including care, taste, and well-being in IFA (Internationale Funkausstellung Berlin) 2024. This included introducing the AEG kitchen range, backed by technological innovations, including the Cooksmart Touch Display, which provides seamless experience across hobs, coffee machines, and ovens.

Residential Hobs Market Report Scope

Global Residential Hobs Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global residential hobs market report based on product, size and region.

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Induction

  • Mix

  • Gas

• Size Outlook (Revenue, USD Million, 2018 - 2030)

  • 2 burner

  • 3 burner

  • 4 burner

  • 5 burner

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

  • Latin America

    • Brazil

  • MEA

    • South Africa