The global household induction cook-tops market is driven by the rise in prices of traditional fuels such as LPG and natural gas, increase in disposable income and growing consumer awareness. In addition, higher fuel efficiency offered by induction cook-tops has also immensely contributed to the market growth. However, some of the factors which hinder the market growth include the high initial cost, need for specialized cook-ware (magnetic ware) and rising trend of outdoor dining. Furthermore, growing urbanization in emerging markets such as India, Latin American countries, Brazil, China and development of new and improved products which address customer concerns such as efficiency, high maintenance cost etc. are expected to emerge as an opportunity, thereby contributing to the growth of the global household induction cook-tops market.
This market is sub-segmented on the basis of products and geography. Product segment includes free-standing (portable) and integrated (built-in) cook-tops. By products, the built-in cook-tops segment dominated the global household induction market and the trend is expected to continue over the forecast period. A detailed market analysis and forecast for these segments has been provided in this study, in terms of market revenue (USD million) for the period 2011 to 2019. The market revenue has been forecast for the period 2013 to 2019, considering 2012 as the base year
The geographic segmentation includes North America, Asia-Pacific, Europe and Rest of the World (RoW). The market share analysis of the leading players of induction cook-tops mentioned in the report exemplifies scrupulous understanding of their market shares in terms of geography. By geography, Europe was the largest contributor to the market followed by North America and Asia-Pacific respectively. Asia-Pacific is expected to be the fastest growing region due to its robust economic growth. China and India being the most populous countries are key contributors to the future potential for growth in the Asia-Pacific region. Some of the major factors driving the growth of Asia-Pacific household induction cook-tops market include urbanization, fast economic developments, rising population, and increasing costs of fuels such as natural gas, LPG, and others. Though the technology has been in the market for a long time, the region is seeing late adoption due to resistance for change to flat bottom cookware. This report provides strategic analysis of the global household induction cook-tops market, and the market growth forecast for the period 2013 – 2019. The detailed value chain analysis helps the market competitors to formulate their business strategies at every stage of their business. Moreover, the market estimates have been analyzed by keeping in mind the several factors which affect the market. Moreover, the Porter’s five forces analysis and market attractiveness included in the report provides deep understanding of the market.
The study further offers recommendations and highlights of the market, which would be useful for the present and new market players to sustain and grow in the global human reproductive technologies market. In terms of market competitiveness, with global market being dominated by regional players, there is increased trend of mergers and acquisitions, due leading white goods industry players eyeing opportunities to enter and expand their market shares. The competitive profiling of the key players included in the report helps in making strategic business decisions. The global household induction cook-tops market consists of many renowned players namely AB Electrolux, Whirlpool Corporation, Indesit Corporation and Fischer & Paykel among others. These key players focus on technological developments and strategic alliances which help them to remain competitive in the market. Such business strategies also help other competitors to sustain a steady position in the global market.