Global Induction Cooking Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
SKU ID : Maia-22903525 | Publishing Date : 10-Mar-2023 | No. of pages : 125
Market Overviewof Global Induction Cooking market:
The latest research study on the global Induction Cooking market finds that the global Induction Cooking market reached a value of USD 5918.2 million in 2022. Itâ€™s expected that the market will achieve USD 7782.58 million by 2028, exhibiting a CAGR of 4.67% during the forecast period.
The induction cooker does not require an open flame or conduction heating, but allows heat to be generated directly at the bottom of the pot, thus greatly improving the thermal efficiency.
The principle of induction cooker is magnetic field induction eddy current heating.That is, the magnetic field is generated by the current flowing through the coil. When the magnetic field lines in the magnetic field pass through the bottom of the iron pan, the magnetic field lines are cut off, resulting in countless small eddy currents, causing the iron atoms in the iron pan to rotate at a high speed and produce collisions and frictions, which directly heating the food in the pan.
Assessment of the Overall Impact of COVID-19 on the Industry
The COVID-19 outbreak has disrupted business and economic activities globally. It is expected to have a short-term impact on the Sports Trading Card market to a certain extent. With several countries across the globe announcing nationwide lockdowns and temporary closures of various industries, production and manufacturing have been severely affected. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile. Trade barriers have further impacted the demand-supply gap. Companies operating in the Sports Trading Card market have suspended non-essential visits/activities until the COVID-19 outbreak is resolved.
United States had the highest growth rate of all regions.
BSHHausgerÃ¤teGmbH is one of the major players operating in the Induction Cooking market, holding a share of 10.12% in 2020.
BSH Hausgerate GmbH manufactures home appliances. The Company provides wide range home appliances including refrigerators, dishwashers, and cooking, and laundry products. Bosch Home Appliance, Siemens Home Appliance, Thermador are subsidiaries of BSH HausgerÃ¤te GmbH.
Whirlpool Corporation manufactures and markets major home appliances. The Company provides principal products include laundry appliances, refrigeration, room air conditioning equipment, cooking appliances, dishwashers, and mixers and other small household appliances. KitchenAid is a subsidiary of Whirlpool.
Among different product types, Touchtone Type segment is anticipated to contribute the largest market share in 2027.
By application, the Home Use segment occupied the biggest share from 2017 to 2022.
The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Induction Cooking market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.
For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.
As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.
This report provides an overview of the global Induction Cooking market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Induction Cooking and its sub-markets in an intuitive way.
Key Companies in the global Induction Cooking market covered in Chapter 3:
In Chapter 4 and Chapter 14.2, on the basis of types, the Induction Cooking market from 2018 to 2029 is primarily split into:
Touch Screen Type
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Induction Cooking market from 2018 to 2029 covers:
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)
Key Factors Considered
Amid the COVID-19 crisis, the Induction Cooking market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.
Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how itâ€™s going to evolve in the years to come.
Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.
Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.
Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.
Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.
Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.
Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.
Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.
Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.
Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.
Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.
Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.
Years considered for this report:
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.