A key factor driving the market’s growth is the product innovations and new designs. One of the major drivers for the market’s growth is the constant product innovation by players, which encourages the shift in consumer preference from gas stoves to induction hobs. Moreover, every product upgrade leads to shortening of the replacement cycles for the product category. This is because a significant consumer segment consists of early adopters that prefer purchasing the latest technology. Some of the latest features that have been added to induction hobs include faster heating-up and cooling down, temperature controls, power levels, child lock, timer, and sensory panels.
This market research report on the global induction hobs market 2018-2022 provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing.
In this report, Technavio highlights the advent of voice-controlled kitchen assistants as one of the key emerging trends in the global induction hobs market.
Global induction hobs market: Advent of voice-controlled kitchen assistants
With growing digitalization, consumers have become tech-savvy, with a strong knowledge of the use and benefits of modern appliances. Voice-controlled assistants are new technologies that can support users daily activities including cooking.
“Companies such as Bosch’s Mykie has developed a voice-controlled, counter-top robot, can read the stages of recipes, helping users cook. The device captures the recipe and reads it to the user or displays the video on the wall, similar to a projector from where the user can follow it. The robot can be connected to Bosch’s ovens,” says a senior analyst at Technavio for research on home, kitchen, and large appliances.
Global induction hobs market: Segmentation analysis
This market research report segments the global induction hobs market into the following products (built-in induction hobs and free-standing induction hobs).
The built-in induction hobs segment held the largest market share in 2017, accounting for nearly 56% of the market. This product segment is expected to dominate the global market throughout the forecast period.
Looking for more information on this market? Request a free sample report.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.