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Induction Cooktops Market

Trend Towards Modernization! Explore with FMI How Advanced Kitchens Give More Opportunities to the Induction Cooktops Manufacturers

Induction Cooktops Market Analysis by Product (Built-in, Freestanding, Portable), Application (Residential, Commercial), & Region Forecast till 2032

Induction Cooktops Market Outlook

By 2032, the induction cooktops market is expected to be worth US$ 47,950.59 million, with a CAGR of 8.4%. The market value in 2022 is US$ 21,432.68 million. With the lower demand rate during 2018-2022, the market had a worth of US$ 19,974.5 million in 2021.

The rising use of modern cooking equipment in restaurants and other commercial buildings globally opens lucrative chances for the induction cooktops industry sector.

A rise in the cost of other cooking appliances like gas or electric stoves, a drop in the price of induction cooktops, or a surge in the popularity of cooking programs using induction cooktops are some variables that could raise the demand for induction cooktops.

As more people become aware of how induction cooktops can help simplify their cooking process, their market share has continuously expanded. Due to its technology, which directly heats the pots and pans using magnetic currents, induction cooking has the potential to revolutionize the cooking experience.

Moreover, a contributing factor to the rising demand for induction cooktops is expanding utilization in a variety of food venues, including fast food restaurants, cafeterias, coffee shops, and others.

Attributes

Details

Induction Cooktops Market CAGR (2022-2032)

8.4%

Induction Cooktops Market Size (2022)

US$ 21,432.68 million

Induction Cooktops Market Size (2032)

US$ 47,950.59 million

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Energy Efficient Induction Cooktops Provides Major Opportunities in the Market

The growing inclination for energy-efficient cooking appliances and the rising concern for health and safety are the main factors propelling the induction cooktop market growth. The key factor fueling the market expansion is the growing knowledge of their advantages.

Additionally, government programs to promote energy-efficient cookware are fostering fresh opportunities for induction cooktops manufacturers. The market leaders anticipate that the rising demand for smart homes would present them with sizable growth prospects.

An induction cooktop acts as an energy-efficient substitute for both the traditional gas stove and the electrical cooktop, which encourages overall adoption. Compared to electricity and gas cooktops, induction cooktops are more energy-efficient. Additionally, since they don't heat the air around them and are safer to use, demand is much higher in the residential sector.

As many types of induction cooktops can be used in both household and commercial settings, the adoption of induction cooktops is continuously growing. The market is growing as a result of changing lifestyles and rising costs for conventional cooking fuel.

Market Changes for Induction Cooktops from 2017-2021 to 2022-2032

The demand for induction cooktops is likely to increase by 8.4% by 2032, according to FMI. Based on short-term growth, by 2026, the market is expected to be worth US$ 29,041.60 million. Historically, induction cooktops were expanding, with a market value of US$ 19,974.54 in 2021.

The growth is attributed to the increasing number of restaurants and fast food chains worldwide due to rising disposable income and consumers' busy lives. Another important element anticipated to stimulate growth is increased investments made by different real estate businesses in creating commercial infrastructure.

The advent of touch control versions represents the industry's biggest change in induction cooktops. The cost of cooktops has increased due to the advent of touch-control devices.

The emergence of induction cooktops equipped with WiFi technology is another notable shift. Induction cooktops may now be remotely controlled due to the development of WiFi technology. On every induction cook model, WiFi is accessible.

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Comparative View of Adjacent Induction Cooktops Market

Induction Cooktops Market:

Attributes

Induction Cooktops Market

CAGR (2022-2032)

8.4%

Market Value (2032)

US$ 47,950.59 million

Growth Factor

An increase in the number of residential and non-residential development projects is driving the industry.

Opportunity

Rising use of modern cooking equipment in restaurants and other commercial buildings throughout the world is opening up lucrative chances for the industry sector to thrive.

Key Trends

Expanding R&D efforts in the industry to expand its opportunities

Household Induction Cooktop Market:

Attributes

Household Induction Cooktop Market

CAGR (2022-2032)

5.8%

Market Value (2032)

US$ 23,790.92 million

Growth Factor

Due to factors like high purchasing power, there is a considerable demand for domestic induction cooktops among the urban population, especially in emerging countries.

Opportunity

Advances in online marketing and a rise in the usage of digital media for product promotion present new options.

Key Trends

The market for modular kitchens is expanding as demand rises.

Induction Stove Market:

Attributes

Induction Stove Market

CAGR (2022-2032)

8.5%

Market Value (2032)

US$ 17.5 billion

Growth Factor

Due to the product's increasing use in restaurants and other food establishments, market share is expanding.

Opportunity

The vast consumption of food products worldwide, which has led to an increase in the use of induction stoves, is a key factor in the market's expansion.

Key Trends

The rate of induction stove consumption has increased as a result of increased promotion and consumption of environmentally friendly products.

How Technology Acts as a Booster for the Induction Cooktops Market?

The sales of induction cooktops developed as a result of a number of innovations, including the replacement of outdated mechanical controls and displays with touch-screen models by kitchen appliance makers.

This lowers reliability issues and after-sale costs. Consumers are anticipated to be motivated to buy technology-driven kitchen appliances by shifting work and family schedules, rising desire for eco-friendly equipment, and better access to affordable electricity.
Global online marketing's explosive growth is a major factor in the industry's expansion. It is anticipated that increased adoption of high-tech products is likely to support the growth of kitchen appliances, including cooking hobs.

Moreover, the demand for household induction cooktops is being driven by the increase in fuel costs for traditional gas cooktops, as well as the expanding popularity of modular kitchens due to their comfort and safety advantages.

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What Impedes the Induction Cooktops Market?

However, the need for initial expenditures in specialty cookware might limit market expansion in the immediate future. Additionally, these goods are thought to be more expensive than standard gas cooktops.

Induction cooktops are not recommended for some remote regions with frequent electricity fluctuations, as they need an electric connection to operate. Additionally, it is predicted that throughout the course of the forecast period, the market expansion for household induction cooktops is constrained by the rising power unit rate.

Category-wise Analysis

Induction Cooktops Manufacturers' Innovations Open Doors To Higher Investments

Built-in induction cooktops are likely to have the lion's share of the market in 2021, with a share of 61.2%, followed by free-standing and portable induction cooktops. The manufacturers' emphasis on product quality and innovation is expected to increase demand across all market categories.

Due to their portability, ability to have two burners, automatic shut-off, and other benefits, portable induction cooktops are becoming more and more popular all over the world. With a CAGR of 6.7%, its market share was 14.5% in 2021.

For instance, the Portable Induction Cooktop Model PIC 200, which has a sleek and contemporary design in black with a stainless finish, dual burners, a powerful 1800-watt output, and a timer function, was introduced by Equator Advanced Appliances in April 2018.

Commercial V/s Residential Induction Cooktops, Which has more Potential in the Market

Commercial Induction Cooktops:

Attributes

Commercial Induction Cooktops

CAGR

9.4%

Market Share (2021)

32.7%

Contributing Factor

Rapid urbanization and increasing energy-efficient kitchen appliance usage are two key trends that are expected to drive the commercial induction cooktops market.

Impeding Factor

Modern induction cooktops are more expensive than traditional gas cooktops. As a result, few people in emerging economies are able to invest in them.

Residential Induction Cooktops:

Attributes

Residential Induction Cooktops

CAGR

7.1%

Market Share (2021)

67.2%

Contributing Factor

The demand for household induction cooktops is growing as a result of rising GDP and household appliance sales.

Impeding Factor

The requirement for specialized cookware and high beginning costs, however, limit the growth of the industry.

Regional Analysis

North America Setting new Standards in the Induction Cooktops Market

The US dominated the induction cooktops market with a share of 22.1% in 2021. Demand is continuously growing, with the CAGR of 8.2%.

During the forecast period, the North American induction cooktops market would expand at a 6.5% CAGR. As they use an energy-efficient way of food preparation, people choose cooktops.

The product is safer than conventional cooktops, which is another advantage. When a pan or other cookware is placed on top of an induction cooktop, which is unlike a gas stove or burner, heat is produced precisely, quickly, and easily. The market for induction cooktops is expanding as a result of the rising adoption of cutting-edge smart kitchen appliances.

Europe Induction Cooktops Market- Sustainable Products Leading the Demand

Throughout the forecast period, Europe is anticipated to maintain its significant market share of 19.3%. The increase in demand was significantly influenced by the rise in single-person households and the consequent rise in induction cooktop usage.

For instance, data released in May 2020 by the Directorate-General of the European Commission indicates that between 2010 and 2019, the number of single-person households in Europe increased by 18.7%.

Additionally, as induction cooktops run on electricity rather than gas, the promotion and use of sustainable products that are less detrimental to the environment have led to an increase in the consumption rate of induction cooktops.

For instance, data from the International Trade Centre and the European Commission published in May 2019 shows that Germany has sold 84% of sustainable products over the past five years, followed by France with 90%, Italy with 84%, and the Netherlands with 89%.

How Asia Pacific is Performing in the Induction Cooktops Market?

Due to the rising cost of LPG gas, which is encouraging people to choose induction cooktops as an ideal substitute, Asia Pacific is predicted to experience significant growth in the induction cooktops market.

In Japan, induction cooktops are widely used, primarily in the business sector. Induction cooktops are utilized sparingly in the domestic sector, as gas cooktops are preferred by the vast majority of families.

The main cause of this is that induction cooktops cost more than gas cooktops and need a special kind of pot or pan to function. Due to all these factors, Japan had a significant market share of 8.7% in 2021.

  • The Economic Times reported in June 2020 that the price of subsidized cooking gas had increased by 20% in 2019. The fact that local induction manufacturers like Bajaj, Philips, Prestige, and others produce goods for local consumers at reasonable prices further contributes to the increase in demand.
  • The Bajaj Majesty ICX 3 1400-Watt Induction Cooker is available for as little as USD 26.64 on the Indian market, which is said to be within reach of the majority of consumers.

How Rivalry Adds Up to the Higher Investment in the Induction Cooktops Market?

Induction cooktops market participants in various economies offer a wide range of products to satisfy shifting customer preferences. For instance, Panasonic induction cooktops use cutting-edge technology and include features like precise temperature control, four cooking zones, and an eye-catching LED display with slider control.

In addition, big players' increased R&D spending and new growth strategies ratchet up the level of market rivalry. To stand out in the market, manufacturers need to create items

that are unique to a given country or region.

The majority of businesses are concentrating on mergers and acquisitions, purchasing stock in local businesses to increase their geographic footprint, diversify their product offerings, and increase their consumer bases.

For instance,

  • To provide clients affordable and wholesome cooking options, TTK Group has partnered with Satin Creditcare Network Limited, one of India's top microfinance companies.
  • Robert Bosch GmbH announced the release of the Bosch Induction Stove/Cooktops in November 2019. These appliances allow users to sync their hobs with the wall hood for automatic deployment when the induction is turned on.
  • The Philips Hd4929 Induction CookTop was announced as the least expensive induction cooktop Philips had released in the previous three months in October 2020.

With the arrival of new competitors and the growing use of the product in a variety of applications, the start-ups are making their way into the market. However, the key players still grab the largest market share, and the stronghold is most likely to continue in the future.

To obtain a competitive edge in the industry, the major competitors are concentrating on growing their product portfolio and geographic reach. For instance, LG Electronics introduced a new smart induction cooktops with Auto Cook in February 2018. This technology automatically recognizes and cooks food in accordance with the user's preferences.

Businesses are customizing their approach according to the market conditions. Large businesses compete by buying in bulk, offering a wide range of items, and using smart marketing and merchandising strategies. Small businesses concentrate on a particular market segment and compete with larger product lines and better customer support.

Key players

  • LG Electronics
  • Panasonic Corporation
  • Samsung Electronics
  • AEG
  • BSH Hausgeräte GmbH
  • Kenwood Limited
  • Whirlpool Corporation.

Key Segments

By Product:

  • Built-in
  • Freestanding
  • Portable

By Application:

  • Residential
  • Commercial

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East & Africa

Frequently Asked Questions

The induction cooktops market is estimated to record a CAGR of 8.4% during the forecast period.

The induction cooktops market size is predicted to be valued at US$ 47,950.59 million by 2032.

The induction cooktops market share is valued at US$ 21,432.68 million in 2022.

North America is expected to lead the induction cooktops market with a share of 31.5% in 2021.

Residential sector dominated the induction cooktops market, with a share of 67.2% in 2021.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Product

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Mn) Analysis By Product , 2017-2021

    5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Product , 2022-2032

        5.3.1. Built-in

        5.3.2. Free-standing

    5.4. Y-o-Y Growth Trend Analysis By Product , 2017-2021

    5.5. Absolute $ Opportunity Analysis By Product , 2022-2032

6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Application

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Mn) Analysis By Application , 2017-2021

    6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Application , 2022-2032

        6.3.1. Household

        6.3.2. Commercial

    6.4. Y-o-Y Growth Trend Analysis By Application , 2017-2021

    6.5. Absolute $ Opportunity Analysis By Application , 2022-2032

7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Distribution Channel

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Mn) Analysis By Distribution Channel , 2017-2021

    7.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Distribution Channel , 2022-2032

        7.3.1. Hypermarkets & Supermarkets

        7.3.2. Specialty Stores

        7.3.3. Online

    7.4. Y-o-Y Growth Trend Analysis By Distribution Channel , 2017-2021

    7.5. Absolute $ Opportunity Analysis By Distribution Channel , 2022-2032

8. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021

    8.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. South Asia

        8.3.5. East Asia

        8.3.6. Oceania

        8.3.7. MEA

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        9.2.1. By Country

            9.2.1.1. U.S.

            9.2.1.2. Canada

        9.2.2. By Product

        9.2.3. By Application

        9.2.4. By Distribution Channel

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Product

        9.3.3. By Application

        9.3.4. By Distribution Channel

    9.4. Key Takeaways

10. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Product

        10.2.3. By Application

        10.2.4. By Distribution Channel

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Product

        10.3.3. By Application

        10.3.4. By Distribution Channel

    10.4. Key Takeaways

11. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. U.K.

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Europe

        11.2.2. By Product

        11.2.3. By Application

        11.2.4. By Distribution Channel

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Product

        11.3.3. By Application

        11.3.4. By Distribution Channel

    11.4. Key Takeaways

12. South Asia Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Malaysia

            12.2.1.3. Singapore

            12.2.1.4. Thailand

            12.2.1.5. Rest of South Asia

        12.2.2. By Product

        12.2.3. By Application

        12.2.4. By Distribution Channel

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Product

        12.3.3. By Application

        12.3.4. By Distribution Channel

    12.4. Key Takeaways

13. East Asia Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    13.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    13.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

        13.2.2. By Product

        13.2.3. By Application

        13.2.4. By Distribution Channel

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Product

        13.3.3. By Application

        13.3.4. By Distribution Channel

    13.4. Key Takeaways

14. Oceania Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    14.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    14.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        14.2.1. By Country

            14.2.1.1. Australia

            14.2.1.2. New Zealand

        14.2.2. By Product

        14.2.3. By Application

        14.2.4. By Distribution Channel

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Product

        14.3.3. By Application

        14.3.4. By Distribution Channel

    14.4. Key Takeaways

15. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    15.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    15.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        15.2.1. By Country

            15.2.1.1. GCC Countries

            15.2.1.2. South Africa

            15.2.1.3. Israel

            15.2.1.4. Rest of MEA

        15.2.2. By Product

        15.2.3. By Application

        15.2.4. By Distribution Channel

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Product

        15.3.3. By Application

        15.3.4. By Distribution Channel

    15.4. Key Takeaways

16. Key Countries Market Analysis

    16.1. U.S.

        16.1.1. Pricing Analysis

        16.1.2. Market Share Analysis, 2021

            16.1.2.1. By Product

            16.1.2.2. By Application

            16.1.2.3. By Distribution Channel

    16.2. Canada

        16.2.1. Pricing Analysis

        16.2.2. Market Share Analysis, 2021

            16.2.2.1. By Product

            16.2.2.2. By Application

            16.2.2.3. By Distribution Channel

    16.3. Brazil

        16.3.1. Pricing Analysis

        16.3.2. Market Share Analysis, 2021

            16.3.2.1. By Product

            16.3.2.2. By Application

            16.3.2.3. By Distribution Channel

    16.4. Mexico

        16.4.1. Pricing Analysis

        16.4.2. Market Share Analysis, 2021

            16.4.2.1. By Product

            16.4.2.2. By Application

            16.4.2.3. By Distribution Channel

    16.5. Germany

        16.5.1. Pricing Analysis

        16.5.2. Market Share Analysis, 2021

            16.5.2.1. By Product

            16.5.2.2. By Application

            16.5.2.3. By Distribution Channel

    16.6. U.K.

        16.6.1. Pricing Analysis

        16.6.2. Market Share Analysis, 2021

            16.6.2.1. By Product

            16.6.2.2. By Application

            16.6.2.3. By Distribution Channel

    16.7. France

        16.7.1. Pricing Analysis

        16.7.2. Market Share Analysis, 2021

            16.7.2.1. By Product

            16.7.2.2. By Application

            16.7.2.3. By Distribution Channel

    16.8. Spain

        16.8.1. Pricing Analysis

        16.8.2. Market Share Analysis, 2021

            16.8.2.1. By Product

            16.8.2.2. By Application

            16.8.2.3. By Distribution Channel

    16.9. Italy

        16.9.1. Pricing Analysis

        16.9.2. Market Share Analysis, 2021

            16.9.2.1. By Product

            16.9.2.2. By Application

            16.9.2.3. By Distribution Channel

    16.10. India

        16.10.1. Pricing Analysis

        16.10.2. Market Share Analysis, 2021

            16.10.2.1. By Product

            16.10.2.2. By Application

            16.10.2.3. By Distribution Channel

    16.11. Malaysia

        16.11.1. Pricing Analysis

        16.11.2. Market Share Analysis, 2021

            16.11.2.1. By Product

            16.11.2.2. By Application

            16.11.2.3. By Distribution Channel

    16.12. Singapore

        16.12.1. Pricing Analysis

        16.12.2. Market Share Analysis, 2021

            16.12.2.1. By Product

            16.12.2.2. By Application

            16.12.2.3. By Distribution Channel

    16.13. Thailand

        16.13.1. Pricing Analysis

        16.13.2. Market Share Analysis, 2021

            16.13.2.1. By Product

            16.13.2.2. By Application

            16.13.2.3. By Distribution Channel

    16.14. China

        16.14.1. Pricing Analysis

        16.14.2. Market Share Analysis, 2021

            16.14.2.1. By Product

            16.14.2.2. By Application

            16.14.2.3. By Distribution Channel

    16.15. Japan

        16.15.1. Pricing Analysis

        16.15.2. Market Share Analysis, 2021

            16.15.2.1. By Product

            16.15.2.2. By Application

            16.15.2.3. By Distribution Channel

    16.16. South Korea

        16.16.1. Pricing Analysis

        16.16.2. Market Share Analysis, 2021

            16.16.2.1. By Product

            16.16.2.2. By Application

            16.16.2.3. By Distribution Channel

    16.17. Australia

        16.17.1. Pricing Analysis

        16.17.2. Market Share Analysis, 2021

            16.17.2.1. By Product

            16.17.2.2. By Application

            16.17.2.3. By Distribution Channel

    16.18. New Zealand

        16.18.1. Pricing Analysis

        16.18.2. Market Share Analysis, 2021

            16.18.2.1. By Product

            16.18.2.2. By Application

            16.18.2.3. By Distribution Channel

    16.19. GCC Countries

        16.19.1. Pricing Analysis

        16.19.2. Market Share Analysis, 2021

            16.19.2.1. By Product

            16.19.2.2. By Application

            16.19.2.3. By Distribution Channel

    16.20. South Africa

        16.20.1. Pricing Analysis

        16.20.2. Market Share Analysis, 2021

            16.20.2.1. By Product

            16.20.2.2. By Application

            16.20.2.3. By Distribution Channel

    16.21. Israel

        16.21.1. Pricing Analysis

        16.21.2. Market Share Analysis, 2021

            16.21.2.1. By Product

            16.21.2.2. By Application

            16.21.2.3. By Distribution Channel

17. Market Structure Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Market Share Analysis of Top Players

        17.3.1. By Regional

        17.3.2. By Product

        17.3.3. By Application

        17.3.4. By Distribution Channel

18. Competition Analysis

    18.1. Competition Deep Dive

        18.1.1. Whirlpool Corp.

            18.1.1.1. Overview

            18.1.1.2. Product Portfolio

            18.1.1.3. Profitability by Market Segments

            18.1.1.4. Sales Footprint

            18.1.1.5. Strategy Overview

                18.1.1.5.1. Marketing Strategy

        18.1.2. LG Electronics, Inc.

            18.1.2.1. Overview

            18.1.2.2. Product Portfolio

            18.1.2.3. Profitability by Market Segments

            18.1.2.4. Sales Footprint

            18.1.2.5. Strategy Overview

                18.1.2.5.1. Marketing Strategy

        18.1.3. Electrolux AB

            18.1.3.1. Overview

            18.1.3.2. Product Portfolio

            18.1.3.3. Profitability by Market Segments

            18.1.3.4. Sales Footprint

            18.1.3.5. Strategy Overview

                18.1.3.5.1. Marketing Strategy

        18.1.4. TTK Group

            18.1.4.1. Overview

            18.1.4.2. Product Portfolio

            18.1.4.3. Profitability by Market Segments

            18.1.4.4. Sales Footprint

            18.1.4.5. Strategy Overview

                18.1.4.5.1. Marketing Strategy

        18.1.5. Smeg S.p.A

            18.1.5.1. Overview

            18.1.5.2. Product Portfolio

            18.1.5.3. Profitability by Market Segments

            18.1.5.4. Sales Footprint

            18.1.5.5. Strategy Overview

                18.1.5.5.1. Marketing Strategy

        18.1.6. Koninklijke Philips N.V.

            18.1.6.1. Overview

            18.1.6.2. Product Portfolio

            18.1.6.3. Profitability by Market Segments

            18.1.6.4. Sales Footprint

            18.1.6.5. Strategy Overview

                18.1.6.5.1. Marketing Strategy

        18.1.7. Robert Bosch GmbH

            18.1.7.1. Overview

            18.1.7.2. Product Portfolio

            18.1.7.3. Profitability by Market Segments

            18.1.7.4. Sales Footprint

            18.1.7.5. Strategy Overview

                18.1.7.5.1. Marketing Strategy

        18.1.8. Avis Rent a Car System, LLC

            18.1.8.1. Overview

            18.1.8.2. Product Portfolio

            18.1.8.3. Profitability by Market Segments

            18.1.8.4. Sales Footprint

            18.1.8.5. Strategy Overview

                18.1.8.5.1. Marketing Strategy

        18.1.9. Panasonic Corp.

            18.1.9.1. Overview

            18.1.9.2. Product Portfolio

            18.1.9.3. Profitability by Market Segments

            18.1.9.4. Sales Footprint

            18.1.9.5. Strategy Overview

                18.1.9.5.1. Marketing Strategy

        18.1.10. Sub-Zero Group, Inc.

            18.1.10.1. Overview

            18.1.10.2. Product Portfolio

            18.1.10.3. Profitability by Market Segments

            18.1.10.4. Sales Footprint

            18.1.10.5. Strategy Overview

                18.1.10.5.1. Marketing Strategy

        18.1.11. Miele & Cie. KG

            18.1.11.1. Overview

            18.1.11.2. Product Portfolio

            18.1.11.3. Profitability by Market Segments

            18.1.11.4. Sales Footprint

            18.1.11.5. Strategy Overview

                18.1.11.5.1. Marketing Strategy

19. Assumptions & Acronyms Used

20. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Mn) Forecast by Region, 2017-2032

Table 2: Global Market Value (US$ Mn) Forecast by Product , 2017-2032

Table 3: Global Market Value (US$ Mn) Forecast by Application , 2017-2032

Table 4: Global Market Value (US$ Mn) Forecast by Distribution Channel , 2017-2032

Table 5: North America Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 6: North America Market Value (US$ Mn) Forecast by Product , 2017-2032

Table 7: North America Market Value (US$ Mn) Forecast by Application , 2017-2032

Table 8: North America Market Value (US$ Mn) Forecast by Distribution Channel , 2017-2032

Table 9: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 10: Latin America Market Value (US$ Mn) Forecast by Product , 2017-2032

Table 11: Latin America Market Value (US$ Mn) Forecast by Application , 2017-2032

Table 12: Latin America Market Value (US$ Mn) Forecast by Distribution Channel , 2017-2032

Table 13: Europe Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 14: Europe Market Value (US$ Mn) Forecast by Product , 2017-2032

Table 15: Europe Market Value (US$ Mn) Forecast by Application , 2017-2032

Table 16: Europe Market Value (US$ Mn) Forecast by Distribution Channel , 2017-2032

Table 17: South Asia Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 18: South Asia Market Value (US$ Mn) Forecast by Product , 2017-2032

Table 19: South Asia Market Value (US$ Mn) Forecast by Application , 2017-2032

Table 20: South Asia Market Value (US$ Mn) Forecast by Distribution Channel , 2017-2032

Table 21: East Asia Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 22: East Asia Market Value (US$ Mn) Forecast by Product , 2017-2032

Table 23: East Asia Market Value (US$ Mn) Forecast by Application , 2017-2032

Table 24: East Asia Market Value (US$ Mn) Forecast by Distribution Channel , 2017-2032

Table 25: Oceania Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 26: Oceania Market Value (US$ Mn) Forecast by Product , 2017-2032

Table 27: Oceania Market Value (US$ Mn) Forecast by Application , 2017-2032

Table 28: Oceania Market Value (US$ Mn) Forecast by Distribution Channel , 2017-2032

Table 29: MEA Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 30: MEA Market Value (US$ Mn) Forecast by Product , 2017-2032

Table 31: MEA Market Value (US$ Mn) Forecast by Application , 2017-2032

Table 32: MEA Market Value (US$ Mn) Forecast by Distribution Channel , 2017-2032

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List of Charts

Figure 1: Global Market Value (US$ Mn) by Product , 2022-2032

Figure 2: Global Market Value (US$ Mn) by Application , 2022-2032

Figure 3: Global Market Value (US$ Mn) by Distribution Channel , 2022-2032

Figure 4: Global Market Value (US$ Mn) by Region, 2022-2032

Figure 5: Global Market Value (US$ Mn) Analysis by Region, 2017-2032

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032

Figure 8: Global Market Value (US$ Mn) Analysis by Product , 2017-2032

Figure 9: Global Market Value Share (%) and BPS Analysis by Product , 2022-2032

Figure 10: Global Market Y-o-Y Growth (%) Projections by Product , 2022-2032

Figure 11: Global Market Value (US$ Mn) Analysis by Application , 2017-2032

Figure 12: Global Market Value Share (%) and BPS Analysis by Application , 2022-2032

Figure 13: Global Market Y-o-Y Growth (%) Projections by Application , 2022-2032

Figure 14: Global Market Value (US$ Mn) Analysis by Distribution Channel , 2017-2032

Figure 15: Global Market Value Share (%) and BPS Analysis by Distribution Channel , 2022-2032

Figure 16: Global Market Y-o-Y Growth (%) Projections by Distribution Channel , 2022-2032

Figure 17: Global Market Attractiveness by Product , 2022-2032

Figure 18: Global Market Attractiveness by Application , 2022-2032

Figure 19: Global Market Attractiveness by Distribution Channel , 2022-2032

Figure 20: Global Market Attractiveness by Region, 2022-2032

Figure 21: North America Market Value (US$ Mn) by Product , 2022-2032

Figure 22: North America Market Value (US$ Mn) by Application , 2022-2032

Figure 23: North America Market Value (US$ Mn) by Distribution Channel , 2022-2032

Figure 24: North America Market Value (US$ Mn) by Country, 2022-2032

Figure 25: North America Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 28: North America Market Value (US$ Mn) Analysis by Product , 2017-2032

Figure 29: North America Market Value Share (%) and BPS Analysis by Product , 2022-2032

Figure 30: North America Market Y-o-Y Growth (%) Projections by Product , 2022-2032

Figure 31: North America Market Value (US$ Mn) Analysis by Application , 2017-2032

Figure 32: North America Market Value Share (%) and BPS Analysis by Application , 2022-2032

Figure 33: North America Market Y-o-Y Growth (%) Projections by Application , 2022-2032

Figure 34: North America Market Value (US$ Mn) Analysis by Distribution Channel , 2017-2032

Figure 35: North America Market Value Share (%) and BPS Analysis by Distribution Channel , 2022-2032

Figure 36: North America Market Y-o-Y Growth (%) Projections by Distribution Channel , 2022-2032

Figure 37: North America Market Attractiveness by Product , 2022-2032

Figure 38: North America Market Attractiveness by Application , 2022-2032

Figure 39: North America Market Attractiveness by Distribution Channel , 2022-2032

Figure 40: North America Market Attractiveness by Country, 2022-2032

Figure 41: Latin America Market Value (US$ Mn) by Product , 2022-2032

Figure 42: Latin America Market Value (US$ Mn) by Application , 2022-2032

Figure 43: Latin America Market Value (US$ Mn) by Distribution Channel , 2022-2032

Figure 44: Latin America Market Value (US$ Mn) by Country, 2022-2032

Figure 45: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 48: Latin America Market Value (US$ Mn) Analysis by Product , 2017-2032

Figure 49: Latin America Market Value Share (%) and BPS Analysis by Product , 2022-2032

Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Product , 2022-2032

Figure 51: Latin America Market Value (US$ Mn) Analysis by Application , 2017-2032

Figure 52: Latin America Market Value Share (%) and BPS Analysis by Application , 2022-2032

Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Application , 2022-2032

Figure 54: Latin America Market Value (US$ Mn) Analysis by Distribution Channel , 2017-2032

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Distribution Channel , 2022-2032

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Distribution Channel , 2022-2032

Figure 57: Latin America Market Attractiveness by Product , 2022-2032

Figure 58: Latin America Market Attractiveness by Application , 2022-2032

Figure 59: Latin America Market Attractiveness by Distribution Channel , 2022-2032

Figure 60: Latin America Market Attractiveness by Country, 2022-2032

Figure 61: Europe Market Value (US$ Mn) by Product , 2022-2032

Figure 62: Europe Market Value (US$ Mn) by Application , 2022-2032

Figure 63: Europe Market Value (US$ Mn) by Distribution Channel , 2022-2032

Figure 64: Europe Market Value (US$ Mn) by Country, 2022-2032

Figure 65: Europe Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 68: Europe Market Value (US$ Mn) Analysis by Product , 2017-2032

Figure 69: Europe Market Value Share (%) and BPS Analysis by Product , 2022-2032

Figure 70: Europe Market Y-o-Y Growth (%) Projections by Product , 2022-2032

Figure 71: Europe Market Value (US$ Mn) Analysis by Application , 2017-2032

Figure 72: Europe Market Value Share (%) and BPS Analysis by Application , 2022-2032

Figure 73: Europe Market Y-o-Y Growth (%) Projections by Application , 2022-2032

Figure 74: Europe Market Value (US$ Mn) Analysis by Distribution Channel , 2017-2032

Figure 75: Europe Market Value Share (%) and BPS Analysis by Distribution Channel , 2022-2032

Figure 76: Europe Market Y-o-Y Growth (%) Projections by Distribution Channel , 2022-2032

Figure 77: Europe Market Attractiveness by Product , 2022-2032

Figure 78: Europe Market Attractiveness by Application , 2022-2032

Figure 79: Europe Market Attractiveness by Distribution Channel , 2022-2032

Figure 80: Europe Market Attractiveness by Country, 2022-2032

Figure 81: South Asia Market Value (US$ Mn) by Product , 2022-2032

Figure 82: South Asia Market Value (US$ Mn) by Application , 2022-2032

Figure 83: South Asia Market Value (US$ Mn) by Distribution Channel , 2022-2032

Figure 84: South Asia Market Value (US$ Mn) by Country, 2022-2032

Figure 85: South Asia Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 86: South Asia Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 87: South Asia Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 88: South Asia Market Value (US$ Mn) Analysis by Product , 2017-2032

Figure 89: South Asia Market Value Share (%) and BPS Analysis by Product , 2022-2032

Figure 90: South Asia Market Y-o-Y Growth (%) Projections by Product , 2022-2032

Figure 91: South Asia Market Value (US$ Mn) Analysis by Application , 2017-2032

Figure 92: South Asia Market Value Share (%) and BPS Analysis by Application , 2022-2032

Figure 93: South Asia Market Y-o-Y Growth (%) Projections by Application , 2022-2032

Figure 94: South Asia Market Value (US$ Mn) Analysis by Distribution Channel , 2017-2032

Figure 95: South Asia Market Value Share (%) and BPS Analysis by Distribution Channel , 2022-2032

Figure 96: South Asia Market Y-o-Y Growth (%) Projections by Distribution Channel , 2022-2032

Figure 97: South Asia Market Attractiveness by Product , 2022-2032

Figure 98: South Asia Market Attractiveness by Application , 2022-2032

Figure 99: South Asia Market Attractiveness by Distribution Channel , 2022-2032

Figure 100: South Asia Market Attractiveness by Country, 2022-2032

Figure 101: East Asia Market Value (US$ Mn) by Product , 2022-2032

Figure 102: East Asia Market Value (US$ Mn) by Application , 2022-2032

Figure 103: East Asia Market Value (US$ Mn) by Distribution Channel , 2022-2032

Figure 104: East Asia Market Value (US$ Mn) by Country, 2022-2032

Figure 105: East Asia Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 106: East Asia Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 107: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 108: East Asia Market Value (US$ Mn) Analysis by Product , 2017-2032

Figure 109: East Asia Market Value Share (%) and BPS Analysis by Product , 2022-2032

Figure 110: East Asia Market Y-o-Y Growth (%) Projections by Product , 2022-2032

Figure 111: East Asia Market Value (US$ Mn) Analysis by Application , 2017-2032

Figure 112: East Asia Market Value Share (%) and BPS Analysis by Application , 2022-2032

Figure 113: East Asia Market Y-o-Y Growth (%) Projections by Application , 2022-2032

Figure 114: East Asia Market Value (US$ Mn) Analysis by Distribution Channel , 2017-2032

Figure 115: East Asia Market Value Share (%) and BPS Analysis by Distribution Channel , 2022-2032

Figure 116: East Asia Market Y-o-Y Growth (%) Projections by Distribution Channel , 2022-2032

Figure 117: East Asia Market Attractiveness by Product , 2022-2032

Figure 118: East Asia Market Attractiveness by Application , 2022-2032

Figure 119: East Asia Market Attractiveness by Distribution Channel , 2022-2032

Figure 120: East Asia Market Attractiveness by Country, 2022-2032

Figure 121: Oceania Market Value (US$ Mn) by Product , 2022-2032

Figure 122: Oceania Market Value (US$ Mn) by Application , 2022-2032

Figure 123: Oceania Market Value (US$ Mn) by Distribution Channel , 2022-2032

Figure 124: Oceania Market Value (US$ Mn) by Country, 2022-2032

Figure 125: Oceania Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 126: Oceania Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 127: Oceania Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 128: Oceania Market Value (US$ Mn) Analysis by Product , 2017-2032

Figure 129: Oceania Market Value Share (%) and BPS Analysis by Product , 2022-2032

Figure 130: Oceania Market Y-o-Y Growth (%) Projections by Product , 2022-2032

Figure 131: Oceania Market Value (US$ Mn) Analysis by Application , 2017-2032

Figure 132: Oceania Market Value Share (%) and BPS Analysis by Application , 2022-2032

Figure 133: Oceania Market Y-o-Y Growth (%) Projections by Application , 2022-2032

Figure 134: Oceania Market Value (US$ Mn) Analysis by Distribution Channel , 2017-2032

Figure 135: Oceania Market Value Share (%) and BPS Analysis by Distribution Channel , 2022-2032

Figure 136: Oceania Market Y-o-Y Growth (%) Projections by Distribution Channel , 2022-2032

Figure 137: Oceania Market Attractiveness by Product , 2022-2032

Figure 138: Oceania Market Attractiveness by Application , 2022-2032

Figure 139: Oceania Market Attractiveness by Distribution Channel , 2022-2032

Figure 140: Oceania Market Attractiveness by Country, 2022-2032

Figure 141: MEA Market Value (US$ Mn) by Product , 2022-2032

Figure 142: MEA Market Value (US$ Mn) by Application , 2022-2032

Figure 143: MEA Market Value (US$ Mn) by Distribution Channel , 2022-2032

Figure 144: MEA Market Value (US$ Mn) by Country, 2022-2032

Figure 145: MEA Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 146: MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 147: MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 148: MEA Market Value (US$ Mn) Analysis by Product , 2017-2032

Figure 149: MEA Market Value Share (%) and BPS Analysis by Product , 2022-2032

Figure 150: MEA Market Y-o-Y Growth (%) Projections by Product , 2022-2032

Figure 151: MEA Market Value (US$ Mn) Analysis by Application , 2017-2032

Figure 152: MEA Market Value Share (%) and BPS Analysis by Application , 2022-2032

Figure 153: MEA Market Y-o-Y Growth (%) Projections by Application , 2022-2032

Figure 154: MEA Market Value (US$ Mn) Analysis by Distribution Channel , 2017-2032

Figure 155: MEA Market Value Share (%) and BPS Analysis by Distribution Channel , 2022-2032

Figure 156: MEA Market Y-o-Y Growth (%) Projections by Distribution Channel , 2022-2032

Figure 157: MEA Market Attractiveness by Product , 2022-2032

Figure 158: MEA Market Attractiveness by Application , 2022-2032

Figure 159: MEA Market Attractiveness by Distribution Channel , 2022-2032

Figure 160: MEA Market Attractiveness by Country, 2022-2032

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