Growing urbanization and changing lifestyles and preferences of consumers are influencing the cooktops market of India, which is expected to grow at a CAGR of 6.23% during the forecast period, reaching USD 1310.02 million by 2028F. Furthermore, increased purchasing power, product innovation, and technological improvements are expected to boost the India cooktops market during the forecast period.

 

Additionally, urban Indians' purchasing power has expanded as a result of their preference for goods and services. Additionally, the demand for qualitative products is rising as the working population increases across the country. This factor is expected to aid the market in growing at a high rate. Moreover, various companies are using strategies such as mergers and acquisitions to expand their consumer base in the cooktops market around the nation. For instance, in March 2022, Crompton acquired a 55% stake in the company Butterfly Gandhimathi Appliances Limited for roughly USD 187.76 million. Additionally, the company has initiated the open offer procedure, which could increase its overall stake to 81%. Similarly, in 2021, Whirlpool acquired an additional stake of 38% in Elica PB India for around USD 57 million, which would bring its total equity ownership to 87%.  Such initiatives by companies are anticipated to further boost their market growth in the future years.

 

Rising Online Sales Channels will lead to the Market Growth of Cooktops

With more consumers shopping online, major market players are heavily utilizing digital channels to connect with customers. The digital marketing strategy aims to increase traffic and product discoverability on the e-commerce platform. Rapid use of the internet, rising use of smartphones, and an increase in digital literacy are speeding up the transition to digital payments and e-commerce on online platforms, bringing customers and brands closer together. These factors have provided higher brand penetration, particularly in the Tier-II plus cities expanding the consumer base in the cooktops market of India.

 

Increasing Innovations to the Cooktops Fueling the Market Growth

Numerous international corporations are investing a significant amount of money in their research and development division due to the industry's growing need for efficient cooktops. Diverse innovations are being developed concurrently to encourage market expansion. For instance, in 2021, TTK Prestige launched the ‘revolutionary Svachh Glass Top gas stove’ in Hyderabad. This product has a unique liftable burner that is attached to a hinge with one arm. Since there is no complicated mechanism issue, these burners are simple to lift for cleaning. The internal product development team at TTK Prestige developed the product.

 

Increasing Purchasing Power will Fuel the Market Growth

The combined purchasing power of the Indian middle class would grow into one of the largest markets in the world; this expanding population segment and its increased purchasing power may inspire creativity and provide jobs, promoting economic growth. The main factor propelling the Indian cooktops market is the growth of the population's purchasing power. Also, the population density and movement from rural to urban areas cities have been key elements in the development of the market for small home appliances in India. A rough estimate is that more than 40% of India's population will be women by 2030 residing in cities.



Download Free Sample Report

 

Market Segmentation

The India cooktops market is segmented by product type, number of heating elements, sector, technology, distribution channel, end user, and region. The market is segmented into gas cooktops, induction cooktops, electric coil cooktops and hybrid cooktops based on product type. The number of heating elements segment is divided into 2 and below, 3 to 4, and more than 4. The sector category is further segmented into organized and unorganized. The market is also segregated in terms of technology between free standing and built-in. The distribution channel is segmented into kitchen appliances stores, multi-branded stores, exclusive stores, supermarkets/hypermarkets, online, and others (direct sales, sanitaryware stores, etc.). In terms of end user segment, the market is segmented into commercial and residential.

 

Company Profiles

TTK Prestige LTD., Crompton Greaves Consumer Electricals Limited, Stove Kraft Limited, Bajaj Electricals Limited, Sunflame Enterprises Pvt. Ltd., Kaff Appliances (India) Private Limited, Glen Appliances Private Limited, Franke Faber India Private Limited, Usha International Limited, Havells India Limited are some of the leading market players in the Indian cooktops market. New market players have also been actively entering the market in recent years, further strengthening future market growth.

Attribute

Details

Market Size Value in 2022

USD 916.02 Million

Revenue Forecast in 2028

USD 1,310.02 Million

Growth Rate

6.23%

Base Year

2022

Historical Years

2018–2021

Estimated Year

2023E

Forecast Period

2024F –2028F

Quantitative Units

Revenue in USD Million, Volume in Thousand Units and CAGR for 2018-2022 and 2023E- 2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Product Type

·         Number of heating elements

·         Technology

·         Sector

·         Distribution Channel

·         End User

·         Region

Regional Scope

South, North, West, and East

Key Companies Profiled

TTK Prestige LTD., Crompton Greaves Consumer Electricals Limited, Stove Kraft Limited, Bajaj Electricals Limited, Sunflame Enterprises Pvt. Ltd., Kaff Appliances (India) Private Limited, Glen Appliances Private Limited, Franke Faber India Private Limited, Usha International Limited, Havells India Limited

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, India Cooktops Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Cooktops Market, By Product Type:
    • Gas Cooktops
    • Induction Cooktops
    • Electric Coil Cooktops
    • Hybrid Cooktops
  • India Cooktops Market, By Number of Heating Elements:
    • 2 and Below
    • 3 to 4
    • More than 4

·         India Cooktops Market, By Sector:

o   Organized

o   Unorganized

·         India Cooktops Market, By Technology:

o   Free Standing

o   Built-in

  • India Cooktops Market, By Distribution Channel:
    • Kitchen Appliances Stores
    • Multi-Branded Stores
    • Online
    • Exclusive Stores
    • Supermarkets and Hypermarkets
    • Others (Direct Sales, Sanitaryware Stores, etc.)
  • India Cooktops Market, By End User:
    • Residential
    • Commercial
  • India Cooktops Market, By Region:
    • South
    • North
    • West
    • East 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India cooktops market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on India Cooktops Market

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Affecting Purchase Decision

5.3.  Sources of Information

6.    India Cooktops Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Product Type (Gas Cooktops, Induction Cooktops, Electric Coil Cooktops, and Hybrid Cooktops)

6.2.2.    By Number of Heating Elements (2 and Below, 3 to 4, More than 4)

6.2.3.    By Sector (Organized Sector & Unorganized Sector)

6.2.4.    By Technology (Free Standing & Built-in) (By Value & Volume)

6.2.5.    By Distribution Channel (Kitchen Appliances Stores, Multi-Branded Stores, Online, Exclusive Stores, Supermarkets/Hypermarkets & Others (Direct Sales, Sanitaryware Stores, etc.)

6.2.6.    By End User (Residential & Commercial)

6.2.7.    By Region (South, North, West & East)

6.2.8.    By Company (2022)

6.3.  Market Map (By Product Type, By Sector, By Technology, By Distribution Channel, By Region)

7.    India Gas Cooktops Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Number of Heating Elements

7.2.2.    By Technology (By Value & Volume)

7.2.3.    By Distribution Channel

7.2.4.    By End User

8.    India Induction Cooktops Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Number of Heating Elements

8.2.2.    By Technology (By Value & Volume)

8.2.3.    By Distribution Channel

8.2.4.    By End User

9.    India Electric Coil Cooktops Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Number of Heating Elements

9.2.2.    By Technology (By Value & Volume)

9.2.3.    By Distribution Channel

9.2.4.    By End User

10. India Hybrid Cooktops Market Outlook

10.1.               Market Size & Forecast

10.1.1. By Value & Volume

10.2.               Market Share & Forecast

10.2.1. By Number of Heating Elements

10.2.2. By Technology (By Value & Volume)

10.2.3. By Distribution Channel

10.2.4. By End User

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Policy & Regulatory Landscape

14. India Economic Profile

15. Competitive Landscape

15.1.   Company Profiles

15.1.1.  TTK Prestige LTD.

15.1.2. Crompton Greaves Consumer Electricals Limited

15.1.3. Stove Kraft Limited

15.1.4. Bajaj Electricals Limited

15.1.5. Sunflame Enterprises Pvt. Ltd.

15.1.6. Kaff Appliances (India) Private Limited

15.1.7. Glen Appliances Private Limited

15.1.8. Franke Faber India Private Limited

15.1.9. Usha International Limited

15.1.10. Havells India Limited

16. Strategic Recommendations

17. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.) 

The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

Figure 1: India Cooktops Market Size, By Value (USD Million), By Volume (Thousand Units), 2018- 2028F.

Figure 2: India Cooktops Market Share, By Product Type, By Value, 2018- 2028F.

Figure 3: India Cooktops Market Share, By Number of Heating Elements, By Value, 2018- 2028F.

Figure 4: India Cooktops Market Share, By Sector, By Value, 2018- 2028F

Figure 5: India Cooktops Market Share, By Technology, By Value, 2018- 2028F

Figure 6: India Cooktops Market Share, By Technology, By Volume, 2018- 2028F

Figure 7: India Cooktops Market Share, By Distribution Channel, By Value, 2018- 2028F.

Figure 8: India Cooktops Market Share, By End User, By Value, 2018- 2028F

Figure 9: India Cooktops Market Share, By Region, By Value, 2018- 2028F.

Figure 10: India Cooktops Market Share, By Company, By Value 2022.

Figure 11: India Cooktops Market Map, By Product Type, Market Size (USD Million), By Value & Growth Rate (%), 2022.

Figure 12: India Cooktops Market Map, By Sector, Market Size, (USD Million) & Growth Rate (%), 2022

Figure 13: India Cooktops Market Map, By Technology, Market Size (USD Million), By Value & Growth Rate (%), 2022.

Figure 14: India Cooktops Market Map, By Distribution Channel, Market Size (USD Million), By Value & Growth Rate (%),2022.

Figure 15: India Cooktops Market Map, By Region Market Size (USD Million), By Value & Growth Rate (%), 2022.

Figure 16: India Gas Cooktops Market Size, By Value (USD Million), By Volume (Thousand Units), 2018-2028F.

Figure 17: India Gas Cooktops Market Share, By Number of Heating Elements, By Value, 2018- 2028F.

Figure 18: India Gas Cooktops Market Share, By Technology, By Value, 2018- 2028F

Figure 19: India Gas Cooktops Market Share, By Technology, By Volume, 2018- 2028F

Figure 20: India Gas Cooktops Market Share, By Distribution Channel, By Value, 2018- 2028F.

Figure 21: India Gas Cooktops Market Share, By End User, By Value, 2018- 2028F

Figure 22: India Induction Cooktops Market Size, By Value (USD Million), By Volume (Thousand Units), 2018-2028F.

Figure 23: India Induction Cooktops Market Share, By Number of Heating Elements, By Value, 2018- 2028F.

Figure 24: India Induction Cooktops Market Share, By Technology, By Value, 2018- 2028F

Figure 25: India Induction Cooktops Market Share, By Technology, By Volume, 2018- 2028F

Figure 26: India Induction Cooktops Market Share, By Distribution Channel, By Value, 2018- 2028F.

Figure 27: India Induction Cooktops Market Share, By End User, By Value, 2018- 2028F

Figure 28: India Electric Coil Cooktops Market Size, By Value (USD Million), By Volume (Thousand Units), 2018-2028F.

Figure 29: India Electric Coil Cooktops Market Share, By Number of Heating Elements, By Value, 2018- 2028F.

Figure 30: India Electric Coil Cooktops Market Share, By Technology, By Value, 2018- 2028F

Figure 31: India Electric Coil Cooktops Market Share, By Technology, By Volume, 2018- 2028F

Figure 32: India Electric Coil Cooktops Market Share, By Distribution Channel, By Value, 2018- 2028F.

Figure 33: India Electric Coil Cooktops Market Share, By End User, By Value, 2018- 2028F

Figure 34: India Hybrid Cooktops Market Size, By Value (USD Million), By Volume (Thousand Units), 2018-2028F.

Figure 35: India Hybrid Cooktops Market Share, By Number of Heating Elements, By Value, 2018- 2028F.

Figure 36: India Hybrid Cooktops Market Share, By Technology, By Value, 2018- 2028F

Figure 37: India Hybrid Cooktops Market Share, By Technology, By Volume, 2018- 2028F

Figure 38: India Hybrid Cooktops Market Share, By Distribution Channel, By Value, 2018- 2028F.

Figure 39: India Hybrid Cooktops Market Share, By End User, By Value, 2018- 2028F