Residential Hobs Market Size To Reach $25.39 Billion By 2030

November 2024 | Report Format: Electronic (PDF)

Residential Hobs Market Growth & Trends

The global residential hobs market size is expected to reach USD 25.39 billion in 2030 and is projected to grow at a CAGR of 6.0% from 2025 to 2030. Rising disposable income, increasing number of young consumer groups, and growing awareness about the energy efficiency of the product are the prominent factors for the growth of the market.

The 4 burner hob size dominated the market in 2018, accounting for 43.0% share of the global revenue. It is expected to emerge as the fastest growing segment in the forecast period. Need for more burners for cooking is high in developing countries such as India and China, wherein the families are large. Trend of having a number of cuisines in the meal is also one of the prominent factors for the growth of the market. Increasing number of young working groups who have less time to cook is propelling the demand for this particular segment of the product.

The induction product type dominated the market in 2018 and accounted for more than 40.0% share of the overall revenue. Countries such as Canada and U.S are the leading users of household electricity, wherein the usage of electric based cooktops for cooking is high as they are energy and cost efficient. Price of LPG is increasing continuously in countries such as India and China, which, in turn, is compelling the consumers to shift towards alternative options for cooking.

North America was the dominant regional market in 2018, accounting for 30.0% share of the overall revenue. Countries such as Canada and U.S are the leading contributors to the regional market growth as they witness high technological advancement and product innovation by the manufacturers. Asia Pacific is the fastest growing market, expanding at a CAGR of 8.7% in the forecast period. Increasing LPG price and awareness about the benefits of the product are driving the market in the region.


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Residential Hobs Market Report Highlights

  • Based on products, the induction hobs segment dominated the global residential hobs industry with a revenue share of 43.8% in 2024

  • Based on size, the four-burner hob segment held the largest revenue share of the global residential hobs industry in 2024

  • The three-burner hob segment is anticipated to experience the fastest CAGR from 2025 to 2030

  • North America dominated the global residential hobs industry with a revenue share of 30.3% in 2024

Residential Hobs Market Segmentation

Grand View Research has segmented the global residential hobs market report based on product, size and region.

Residential Hobs Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Induction

  • Mix

  • Gas

Residential Hobs Size Outlook (Revenue, USD Million, 2018 - 2030)

  • 2burner

  • 3 burner

  • 4 burner

  • 5 burner

Residential Hobs Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

  • Latin America

    • Brazil

  • MEA

    • South Africa

List of Key Players in Residential Hobs Market

  • Electrolux AB (AB Electrolux (publ))

  • elica

  • Whirlpool Corporation

  • LG Electronics

  • Bertazzoni Spa

  • Bosch (BSH Home Appliances Group)

  • Faber

  • ROBAM Appliances Limited

  • Glen Appliances Pvt. Ltd.

  • KAFF

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