Residential Hobs Market to Grow with a CAGR of 5.9% through 2029

Increasing number of smart homes, the growing residential construction sector, and the rising disposable income of consumers are factors driving the global residential hobs market in the forecast period 2025-2029.

According to TechSci Research report, “Residential Hobs Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Residential Hobs Market stood at USD 13.2 Billion in 2023 and is anticipated to grow with a CAGR of 5.9% in the forecast period. The residential hobs market, a pivotal segment within the broader kitchen appliances industry, has experienced dynamic growth and transformation in recent years.

The residential hobs market has witnessed substantial growth globally, fueled by factors such as urbanization, technological advancements, and changing consumer lifestyles. According to industry reports, the market size has expanded significantly over the past decade and is projected to continue its growth trajectory. The increasing demand for efficient, aesthetically pleasing, and smart kitchen appliances has propelled the residential hobs market into a prominent position within the broader home appliances sector.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Residential Hobs Market”

The market growth is evident across various regions, with both developed and emerging economies contributing to the expansion. In developed markets, replacement cycles and the adoption of advanced technologies are driving sales, while in emerging markets, rising disposable incomes and lifestyle changes are fueling the demand for modern kitchen solutions. The growing importance of home cooking, coupled with the desire for contemporary kitchen designs, has further accelerated the adoption of residential hobs. As the hub of culinary activities in households, hobs have evolved from mere cooking appliances to sophisticated, technologically advanced elements that reflect the changing lifestyles and preferences of consumers.

Several transformative trends are shaping the landscape of the residential hobs market, reflecting the evolving needs and preferences of consumers. One of the dominant trends is the rise of smart hobs and connectivity features. Consumers are increasingly seeking appliances that offer not only superior cooking performance but also connectivity and smart functionalities. Smart hobs, equipped with touch controls, sensors, and remote monitoring capabilities, have become integral elements in modern, connected kitchens. Induction technology has asserted its dominance as a key trend, representing a paradigm shift in cooking methods. The precise temperature control, rapid heating, and energy efficiency offered by induction hobs have resonated with consumers, driving the widespread adoption of this technology. The trend towards multi-zone and flexible cooking surfaces is gaining momentum, providing users with versatile options to accommodate different cookware sizes and arrangements.

Manufacturers are expected to focus on addressing affordability concerns by optimizing production processes and exploring cost-effective technologies. The development of advanced safety features and inclusive designs will likely continue, aligning with the broader societal trends towards safety, accessibility, and diversity.

Sustainability will remain a key driver, with manufacturers exploring eco-friendly materials, energy-efficient technologies, and circular economy initiatives. The market may witness increased collaboration between industry players and regulatory bodies to establish and adhere to more standardized environmental practices.

The global Residential Hobs market is segmented into type, size, and region.

Based on size, The 5-burner segment is emerging as the fastest-growing segment in the Residential Hobs Market due to a combination of increased cooking demands and evolving consumer preferences. This segment's rapid growth can be attributed to several key factors. The rise in culinary interest and home cooking has led to a higher demand for more versatile and efficient cooking appliances. A 5-burner hob provides ample cooking space, allowing users to prepare multiple dishes simultaneously, which is particularly beneficial for larger families or those who entertain frequently. This versatility caters to the growing trend of home chefs seeking professional-grade equipment in their kitchens. The modern kitchen's design focus on functionality and convenience has made the 5-burner hob a popular choice. It offers the flexibility of accommodating various pot and pan sizes and provides more options for simultaneous cooking, which enhances overall kitchen efficiency. Additionally, advancements in technology have improved the performance and safety of 5-burner hobs. Features such as precise heat control, quick heating, and easy maintenance make these hobs more attractive to consumers. As homeowners prioritize convenience and cooking efficiency, the 5-burner segment is set to continue its rapid expansion in the residential hobs market. 

Major companies operating in global Residential Hobs market are:

• Electrolux AB
• Panasonic Corporation
• Whirlpool Corporation
• LG Electronics Inc.
• Koninklijke Philips N.V.
• Robert Bosch GmbH
• Faber SpA 
• Hangzhou Robam Appliances Co.,Ltd.
• Glen Dimplex Europe Holdings Limited 
• KAFF Appliances (India) Private Limited

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“The residential hobs market is experiencing robust growth globally, driven by technological innovations, changing consumer lifestyles, and a growing emphasis on kitchen aesthetics. Increasing urbanization, coupled with the demand for energy-efficient and smart appliances, has propelled the market forward. The dominance of induction technology, integration of safety features, and a focus on environmental sustainability contribute to the positive trajectory. With a continual rise in demand for sleek designs, connectivity, and personalized options, the residential hobs market is poised for sustained expansion, reflecting its pivotal role in modern kitchen spaces”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Residential Hobs Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Induction, Gas, Mix), By Size (2 Burner, 3 Burner, 4 Burner, 5 Burner), By Region, By Competition, 2019-2029F, has evaluated the future growth potential of global Residential Hobs market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Residential Hobs market. 

Contact Us-

TechSci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

M: +13322586602

Email: [email protected]

Website: www.techsciresearch.com