Residential Hobs Market to Grow with a CAGR of 5.9% Globally through 2029

Increasing number of smart homes, the growing residential construction sector, and the rising disposable income of consumers are factors driving the global residential hobs market in the forecast period 2025-2029.

 

According to TechSci Research report, “Global Residential Hobs Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Residential Hobs Market stood at USD 13.2 Billion in 2023 and is anticipated to grow with a CAGR of 5.9% in the forecast period, 2025-2029. The residential hobs market, a pivotal segment within the broader kitchen appliances industry, has experienced dynamic growth and transformation in recent years.

The residential hobs market has witnessed substantial growth globally, fueled by factors such as urbanization, technological advancements, and changing consumer lifestyles. According to industry reports, the market size has expanded significantly over the past decade and is projected to continue its growth trajectory. The increasing demand for efficient, aesthetically pleasing, and smart kitchen appliances has propelled the residential hobs market into a prominent position within the broader home appliances sector.

 

Browse over XX market data Figures spread through 181 Pages and an in-depth TOC on "Global Residential Hobs Market”

 

The market growth is evident across various regions, with both developed and emerging economies contributing to the expansion. In developed markets, replacement cycles and the adoption of advanced technologies are driving sales, while in emerging markets, rising disposable incomes and lifestyle changes are fueling the demand for modern kitchen solutions. The growing importance of home cooking, coupled with the desire for contemporary kitchen designs, has further accelerated the adoption of residential hobs. As the hub of culinary activities in households, hobs have evolved from mere cooking appliances to sophisticated, technologically advanced elements that reflect the changing lifestyles and preferences of consumers.

Several transformative trends are shaping the landscape of the residential hobs market, reflecting the evolving needs and preferences of consumers. One of the dominant trends is the rise of smart hobs and connectivity features. Consumers are increasingly seeking appliances that offer not only superior cooking performance but also connectivity and smart functionalities. Smart hobs, equipped with touch controls, sensors, and remote monitoring capabilities, have become integral elements in modern, connected kitchens. Induction technology has asserted its dominance as a key trend, representing a paradigm shift in cooking methods. The precise temperature control, rapid heating, and energy efficiency offered by induction hobs have resonated with consumers, driving the widespread adoption of this technology. The trend towards multi-zone and flexible cooking surfaces is gaining momentum, providing users with versatile options to accommodate different cookware sizes and arrangements.

Manufacturers are expected to focus on addressing affordability concerns by optimizing production processes and exploring cost-effective technologies. The development of advanced safety features and inclusive designs will likely continue, aligning with the broader societal trends towards safety, accessibility, and diversity.

Sustainability will remain a key driver, with manufacturers exploring eco-friendly materials, energy-efficient technologies, and circular economy initiatives. The market may witness increased collaboration between industry players and regulatory bodies to establish and adhere to more standardized environmental practices.

The global Residential Hobs market is segmented into type, size, and region.

In terms of product segmentation, the market is divided into induction, gas, and hybrid (mix) hobs. The induction segment currently holds the largest market share in terms of revenue. This segment is expected to experience substantial growth over the projected period, with widespread adoption of induction hobs observed in regions such as North America and Europe. Leading the market in terms of household electric usage within the induction segment are the United States and Canada. As for regional analysis, North America emerged as the top revenue contributor. The region is poised for significant

 

Major companies operating in global Residential Hobs market are:

• Electrolux AB
• Panasonic Corporation
• Whirlpool Corporation
• LG Corporation
• Koninklijke Philips N.V.
• Robert Bosch GmbH
• Faber Global Limited
• ROBAM Appliances Limited
• Glen Dimplex
• KAFF Appliances (India) Private Limited

           

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“The residential hobs market is experiencing robust growth globally, driven by technological innovations, changing consumer lifestyles, and a growing emphasis on kitchen aesthetics. Increasing urbanization, coupled with the demand for energy-efficient and smart appliances, has propelled the market forward. The dominance of induction technology, integration of safety features, and a focus on environmental sustainability contribute to the positive trajectory. With a continual rise in demand for sleek designs, connectivity, and personalized options, the residential hobs market is poised for sustained expansion, reflecting its pivotal role in modern kitchen spaces.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Residential Hobs Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Induction, Gas, Mix), By Size (2 Burner, 3 Burner, 4 Burner, 5 Burner), By Region, By Competition, 2019-2029, has evaluated the future growth potential of global Residential Hobs market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Residential Hobs market.

 

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