$11.1 Billion Worldwide Induction Hobs Industry to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets.com

The "Induction Hobs - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 6th edition of this report. The 184-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Induction Hobs Market to Reach $15.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Induction Hobs estimated at US$11.1 Billion in the year 2020, is projected to reach a revised size of US$15.2 Billion by 2027, growing at a CAGR of 4.6% over the period 2020-2027.

Free standing & portable cooktops, one of the segments analyzed in the report, is projected to record 4.4% CAGR and reach US$10.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Built-in cooktops segment is readjusted to a revised 5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 7% CAGR

The Induction Hobs market in the U.S. is estimated at US$3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2027 trailing a CAGR of 7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Competitors identified in this market include, among others:

• Electrolux AB
• LG Electronics Inc.
• Panasonic Corporation
• Robert Bosch GmbH
• Whirlpool Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Induction Hobs Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/du481b

View source version on businesswire.com: https://www.businesswire.com/news/home/20201016005470/en/