Residential Hobs Market Predicted to Grow Significantly by 2030, Fueled by Smart Kitchen Adoption | Persistence Market Research

The global residential hobs market is undergoing a significant transformation driven by increasing demand for modern, energy-efficient, and aesthetically pleasing kitchen appliances. As urbanization accelerates and consumer preferences shift toward modular kitchens, the market for residential hobs-appliances used for cooking-continues to witness steady growth. The global residential hobs market, valued at US$19.5 billion in 2023, is projected to reach US$32.2 billion by 2030, growing at a CAGR of 7.4% during the forecast period.

This growth trajectory is attributed to several factors including rising disposable income, increasing interest in home cooking post-pandemic, and the growing adoption of smart kitchen appliances. Among various product types, gas hobs remain the leading segment due to their affordability and widespread usage. Regionally, Asia Pacific stands out as the dominant market, owing to rapid urban housing developments and a growing middle-class population eager to upgrade kitchen infrastructure.

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🔍 Key Highlights from the Report:

• The residential hobs market will grow at a CAGR of 7.4% from 2023 to 2030.
• The market is expected to rise from US$19.5 Bn in 2023 to US$32.2 Bn by 2030.
• Gas hobs continue to be the most popular choice among consumers.
• Asia Pacific is the largest regional market due to urbanization and population growth.
• Smart hobs with features like timers and flame failure safety devices are gaining popularity.
• Online retail channels are witnessing increased traction for hob sales.

🧩 Market Segmentation

The residential hobs market can be segmented based on product type, such as gas hobs, electric hobs, and induction hobs. Gas hobs are dominant due to their high temperature control and affordability. However, induction hobs are rapidly gaining market share, especially in developed regions, owing to their energy efficiency and safety features. Electric hobs, while less popular, are preferred in areas with limited gas availability.

Another segmentation is based on installation type, including built-in and freestanding hobs. Built-in hobs are increasingly popular in modern homes, especially those with modular kitchen setups. They offer a sleeker look and help optimize kitchen space. Meanwhile, freestanding hobs are preferred in regions where kitchen renovations are less common and budget is a significant consideration.

🌍 Regional Insights

Asia Pacific:

Asia Pacific remains the leading regional market due to its large population, rising middle-class income, and rapid urbanization. Countries such as India and China are investing heavily in residential construction, which in turn is fueling demand for modern kitchen appliances including hobs.

Europe and North America:

Europe and North America show strong demand for induction hobs, thanks to a high emphasis on sustainability and energy-efficient appliances. These regions are early adopters of smart kitchen technologies, and the consumer preference leans towards minimalistic, high-performance designs.

⚙️ Market Drivers

The primary growth driver for the residential hobs market is the rise in modular kitchens and smart homes. Consumers today are looking for cooking appliances that blend functionality with style, leading to increased sales of modern hobs. In addition, technological advancements such as touch controls, auto-ignition, and safety shut-off are making these products more appealing. Rising disposable incomes and growing awareness of energy conservation are also boosting demand, particularly for induction and electric hobs.

🛑 Market Restraints

Despite its promising growth, the market faces several challenges. High upfront costs of advanced hobs, especially induction models, can deter middle-income consumers. Moreover, limited awareness about the energy-saving benefits of newer hob types in some developing regions acts as a barrier. In addition, compatibility issues with cookware, particularly with induction hobs, may affect adoption rates.

🌟 Market Opportunities

The rise of smart kitchen ecosystems presents significant opportunities for market players. The integration of Wi-Fi and AI into hobs for remote operation, safety monitoring, and personalized cooking presets is reshaping consumer expectations. There's also strong potential in online retailing, as consumers increasingly prefer to browse, compare, and purchase hobs online. Sustainability trends are likely to further push the adoption of energy-efficient induction hobs globally.

✅ Reasons to Buy the Report

✔ Get a detailed analysis of key trends, drivers, and challenges shaping the global residential hobs market.
✔ Understand competitive dynamics and market share of top players in the industry.
✔ Gain insights into regional performance and emerging markets poised for rapid growth.
✔ Access reliable market forecasts to support business planning and strategic investments.
✔ Leverage segmentation insights to identify lucrative product categories and target demographics.

🔢 Frequently Asked Questions (FAQs)

How Big is the Residential Hobs Market in 2023?
What is the Projected Growth Rate of the Residential Hobs Market?
Who are the Key Players in the Global Residential Hobs Market?
What is the Market Forecast for Residential Hobs through 2030?
Which Region is Estimated to Dominate the Residential Hobs Industry in the Forecast Period?

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🏢 Company Insights

Here are the key players operating in the global residential hobs market:

1. Bosch Home Appliances
2. Whirlpool Corporation
3. LG Electronics
4. Samsung Electronics
5. Electrolux AB
6. Miele & Cie. KG
7. Haier Group Corporation
8. Glen Appliances Pvt. Ltd.
9. FABER S.p.A.
10. KAFF Appliances

Recent Developments:

• In 2024, Bosch introduced its latest AI-integrated induction hobs with automatic heat control and recipe syncing features.

• Samsung expanded its smart kitchen portfolio in 2023 by launching a new range of Wi-Fi enabled electric hobs designed for energy efficiency.

🧾 Conclusion

The global residential hobs market is set for dynamic growth, supported by rising consumer demand for energy-efficient, tech-enabled cooking solutions. As urban housing trends evolve and kitchens become more central to daily life, the adoption of advanced cooking appliances like residential hobs will only accelerate. Innovations in design, smart connectivity, and energy use are reshaping the competitive landscape, opening new opportunities for manufacturers and retailers alike. While affordability and consumer education remain key hurdles, the path ahead looks promising for players prepared to meet the evolving needs of modern households.

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