Indian Residential Kitchen Hobs Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.91 Billion |
| Market Size (2029) | USD 2.60 Billion |
| CAGR (2024 - 2029) | 6.34 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Indian Residential Kitchen Hobs Market Analysis
The Indian Residential Kitchen Hobs Market size is estimated at USD 1.91 billion in 2024, and is expected to reach USD 2.60 billion by 2029, growing at a CAGR of 6.34% during the forecast period (2024-2029).
A kitchen hob, also known as a stovetop or cooktop, is a fundamental appliance for cooking. It typically incorporates gas burners or heating elements. While prevalent in residential kitchens, hobs are equally vital in commercial establishments such as restaurants and hotels. The Indian market for residential kitchen hobs has experienced a consistent upswing, driven by urbanization, increasing incomes, and changing lifestyles. As urbanization progresses, there is a growing appetite for compact, efficient kitchen appliances. Additionally, the contemporary preference for open kitchen layouts has heightened the demand for visually appealing hobs that seamlessly integrate with the overall design.
The Indian residential kitchen hobs market is bolstered by several factors. These include a heightened emphasis on energy efficiency and sustainability, the introduction of advanced models by leading players, and a rising preference for modular kitchens in residential spaces. Technological advancements have played a pivotal role in shaping the kitchen hob landscape. Manufacturers are incorporating touch controls, automatic ignition, safety sensors, and energy-efficient designs to meet evolving consumer preferences. Notably, smart hobs with features like Wi-Fi connectivity and remote control are gaining popularity among tech-savvy consumers. Manufacturers are expected to continue innovating, introducing new features and designs to cater to a broad spectrum of consumer needs, thereby driving further market expansion. Moreover, the Indian residential kitchen hobs market is set for sustained growth, given its strong presence in both online and offline sales channels. This trajectory is further reinforced by the increasing demand for advanced and modular kitchen hobs.
Indian Residential Kitchen Hobs Market Trends
The Surge in Construction Projects is Fueling Market Growth
Kitchen hobs, a staple in Indian households, are either integrated into the kitchen or used as standalone units. With India witnessing a surge in construction activities of villas and luxury apartments and renovation of existing kitchens, driven by rapid urbanization and disposable income, the market for kitchen hobs is poised for steady growth in the coming years. The uptick in construction projects, fueled by increased investments in urbanization and the rising living standards of consumers, is supported by their increasing disposable income levels. Increasing urbanization is fueling a surge in demand for luxury and premium apartments, creating a favorable landscape for the premium kitchen appliances market. Furthermore, the enhanced features of hobs, including heightened reliability, sustainability, and energy efficiency, are fueling the shift from traditional gas stoves to hobs.
Rising Urbanization Fuels Market Growth
The market's expansion is fueled by urbanization, which is driving the rise of a burgeoning middle class and demand for convenience amid busy urban lifestyles. The rising popularity of modular kitchen appliances in urban and semi-urban regions is a significant factor contributing to this expansion. Notably, urban markets, particularly in high-tier cities, show a higher demand for kitchen hobs. The growth of the kitchen hobs market is also attributed to urbanization and product advancements. Technological strides, coupled with the widespread use of smart devices, have led to the introduction of smart kitchen appliances featuring wireless connectivity. These appliances, often found in smart homes, can be remotely controlled via wireless, internet, or Bluetooth-enabled devices. Additionally, the market is buoyed by rising health consciousness, especially among urban and millennial demographics, driving the demand for kitchen appliances that facilitate hygienic and oil/smoke-free cooking conditions.
Indian Residential Kitchen Hobs Industry Overview
The Indian residential kitchen hobs market is fragmented, with several local and global players. Manufacturers implement cost-based pricing and innovation tactics in the market. They are developing products that incorporate cutting-edge technologies to enhance the convenience and comfort of customers. Research and development expenditures are increasing to meet the growing needs of tech-savvy consumers in the market. Manufacturers are striving to provide top-notch technological advancements to meet their demands. Some major players in the market include Glen Appliances, iBELL, Whirlpool, Prestige, and Hindware Appliances.
Indian Residential Kitchen Hobs Market Leaders
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Glen Appliances Pvt. Ltd.
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iBELL
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Whirlpool
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Prestige
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Hindware Appliances
*Disclaimer: Major Players sorted in no particular order
Indian Residential Kitchen Hobs Market News
- February 2024: Hindware Home Innovation collaborated with Migsun Real Estate to provide 1,000 advanced modular kitchens and 3,000 modular wardrobes equipped with pre-installed Hindware appliances such as chimneys, water purifiers, cooktops, and water heaters for its housing developments in Ghaziabad and Greater Noida.
- December 2023: Whirlpool introduced its latest induction hob that showcases the CleanProtect technology, incorporating nano-coating that enhances the ease of cleaning the appliance.
Indian Residential Kitchen Hobs Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 The Surging Adoption of Modular Kitchen Appliances is Driving the Market
- 4.2.2 Growing Demand for Hobs Made from Sustainable Materials
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4.3 Market Restraints
- 4.3.1 Changing Consumer Preferences and Demographics
- 4.3.2 Safety Regulations by the Government
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4.4 Market Opportunities
- 4.4.1 Companies are Increasingly Focusing on Bolstering Their Online Presence to Capitalize on the Burgeoning E-commerce Market for Kitchen Hobs
- 4.4.2 Room for Innovation in Smart Technology Integration to Elevate the User Experience
- 4.5 Industry Value Chain Analysis
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4.6 Industry Attractiveness: Porter's Five Forces Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitutes
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Insights on Technological Innovations in Amusement Parks
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4.8 Impact of COVID-19 on the Market
- 4.8.1 `
5. MARKET SEGMENTATION
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5.1 By Product
- 5.1.1 Ceramic Hobs
- 5.1.2 Induction Hobs
- 5.1.3 Electric Plate Hobs
- 5.1.4 Gas Hobs
- 5.1.5 Other Products
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5.2 By Number of Burners
- 5.2.1 1-2 Burners
- 5.2.2 3-4 Burners
- 5.2.3 More than 4 Burners
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5.3 Distribution Channel
- 5.3.1 Multi-Brand Stores
- 5.3.2 Specialty Stores
- 5.3.3 Online Stores
- 5.3.4 Other Distribution Channels (Manufacturer Retailers, Warehouse Clubs, Discount Retailers, Distributors, and Omnichannel Selling Companies)
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Glen Appliances Pvt. Ltd
- 6.2.2 iBELL
- 6.2.3 Whirlpool
- 6.2.4 Prestige
- 6.2.5 Hindware Appliances
- 6.2.6 Samsung
- 6.2.7 Panasonic Corporation
- 6.2.8 AB Electrolux
- 6.2.9 Midea Group Co. Ltd
- 6.2.10 Robert Bosch GmbH*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
** Subject To AvailablityIndian Residential Kitchen Hobs Industry Segmentation
A kitchen hob is a projection, shelf, or bench positioned at the back or side of a hearth, primarily used to keep food or utensils warm. Additionally, it can denote an internal chimney corner. The report covers a complete background analysis of the residential kitchen hobs market in India, which includes an assessment of the industry associations, the overall economy, emerging market trends by segments, significant changes in the market dynamics, and a market overview.
India's residential kitchen hobs market is segmented by product, number of burners, and distribution channel. By product, the market is segmented into ceramic hobs, induction hobs, electric plate hobs, gas hobs, and others. By number of burners, the market is segmented as 1-2 burners, 3-4 burners, and more than 4 burners. By distribution channel, the market is segmented into multi-brand stores, specialty stores, online stores, and other distribution channels (manufacturer retailers, warehouse clubs, discount retailers, distributors, and omnichannel selling companies). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Product | Ceramic Hobs |
| Induction Hobs | |
| Electric Plate Hobs | |
| Gas Hobs | |
| Other Products | |
| By Number of Burners | 1-2 Burners |
| 3-4 Burners | |
| More than 4 Burners | |
| Distribution Channel | Multi-Brand Stores |
| Specialty Stores | |
| Online Stores | |
| Other Distribution Channels (Manufacturer Retailers, Warehouse Clubs, Discount Retailers, Distributors, and Omnichannel Selling Companies) |
Indian Residential Kitchen Hobs Market Research FAQs
How big is the Indian Residential Kitchen Hobs Market?
The Indian Residential Kitchen Hobs Market size is expected to reach USD 1.91 billion in 2024 and grow at a CAGR of 6.34% to reach USD 2.60 billion by 2029.
What is the current Indian Residential Kitchen Hobs Market size?
In 2024, the Indian Residential Kitchen Hobs Market size is expected to reach USD 1.91 billion.
Who are the key players in Indian Residential Kitchen Hobs Market?
Glen Appliances Pvt. Ltd., iBELL, Whirlpool, Prestige and Hindware Appliances are the major companies operating in the Indian Residential Kitchen Hobs Market.
What years does this Indian Residential Kitchen Hobs Market cover, and what was the market size in 2023?
In 2023, the Indian Residential Kitchen Hobs Market size was estimated at USD 1.79 billion. The report covers the Indian Residential Kitchen Hobs Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Indian Residential Kitchen Hobs Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Indian Residential Kitchen Hobs Industry Report
Statistics for the 2024 Indian Residential Kitchen Hobs market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Indian Residential Kitchen Hobs analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
