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Cooking Hob Market to Grow at 7.4% CAGR, Surpassing US$48.5 Bn by 2032 - PMR Report
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Key Growth Drivers
Several key factors are fueling the expansion of the cooking hob market:
• Urbanisation & Smaller Living Spaces
As urban populations grow and new residential developments adopt more space-efficient designs, built-in and modular kitchen configurations are gaining popularity. These setups favour integrated cooking hobs, which offer both aesthetic appeal and efficient use of limited counter space.
• Shift Towards Modern Kitchen Appliances
Consumers increasingly prefer sleek, efficient, and feature-rich cooking appliances. In particular, induction and electric hobs are being adopted more widely due to their advantages in terms of safety, energy efficiency, and modern design.
• Growth of Commercial Kitchen Demand
The surge in food-service establishments, including cafés, restaurants, and cloud kitchens, is creating demand for high-performance hobs that support heavy usage, rapid heat-up times, and easy maintenance. The commercial segment is becoming an important contributor to overall market growth.
• Smart & Connected Kitchen Solutions
Integration of IoT, app-based controls, and multi-zone cooking surfaces is opening newer opportunities for hob manufacturers. Hobs that link to mobile devices, adjust automatically for cookware size, or integrate with hood/vent systems are becoming strong differentiators.
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Market Challenges & Restraints
While the outlook is positive, the market faces several challenges:
• High Upfront Costs - Built-in, induction, or smart hobs often come with higher purchase and installation costs compared to traditional gas burners. In many developing markets, affordability remains a constraint.
• Gas Versus Electric Transition - In regions where gas stoves are still dominant, switching to electric or induction hobs is slower. Concerns about indoor air quality associated with gas cooking are accelerating change, but regulatory and infrastructural factors can delay adoption.
• Infrastructure Limitations - High-power induction hobs require appropriate electrical wiring, ventilation, and countertop modifications. In areas with outdated or unreliable infrastructure, adoption may lag behind.
Market Segmentation
By Product Type
• Electric Hob
• Gas Hob
• Combination
By Material
• Stainless Steel
• Glass
• Others
By Application
• Residential
• Commercial
By Region
• North America
• Europe
• East Asia
• South Asia & Oceania
• Latin America
• Middle East & Africa
Companies Covered in Cooking Hob Market
• BSH Home Appliances Group
• Whirlpool Corporation
• Electrolux AB
• Haier Group Corporation
• LG Electronics Inc.
• Samsung Electronics Co., Ltd
• Miele & Cie. KG
• Smeg S.p.A
• Arcelik A.S.
• Faber S.p.A.
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Opportunities & Strategic Insights
• Manufacturers should invest in smart, connected hob systems that offer features such as app-based controls, automatic shut-off, and multi-zone flexibility.
• The commercial kitchen segment presents a growing opportunity as cloud kitchens and food delivery models expand globally.
• Developing markets offer scope for affordable modular and portable induction hobs, catering to first-time buyers transitioning from traditional gas stoves.
• Regional strategies should focus on Asia-Pacific for market expansion and North America/Europe for premium innovation and sustainability-driven demand.
Outlook Summary
With a projected rise from US$29.4 billion in 2025 to US$48.5 billion in 2032, the cooking hob market is poised for robust growth. The 7.4% CAGR reflects the influence of urbanisation, modern kitchen designs, and the adoption of smart technologies.
Manufacturers that align their offerings with these evolving trends - emphasizing innovation, design, connectivity, and affordability - are well-positioned to capture a significant share of this rapidly growing market.
The future of the cooking hob industry lies in intelligent, sustainable, and design-oriented kitchen solutions that cater to both residential and commercial needs worldwide.
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