Global Residential Hobs Market Overview:
The residential hobs market has seen the introduction of new features and trends on a regular basis, in order to meet the needs and demands of target customers. Residential hobs supply-side participants are also developing goods that are more efficient while also reducing customer effort. Hobs are modern cooking appliances that are made up of hotplates or burners that can be used for both electricity and gas. Hobs are modern gas stoves that are built into our kitchen slabs, saving a significant amount of room. Kitchen hobs are one of the most important pieces of cooking equipment, and they can be found in almost any modern home.
Growth Drivers
- Increasing per Capita Income, Rising Spending Capacity, Westernization,
- Rising Demand for Smart Homes
Roadblocks
- High Price of the Product
Opportunities
- Rising Research and Development Activities by Manufacturers to Expand their Product Line and Introduce the Product in Low Budget
- Growth in Demand from Developing Countries
Challenges
- Hobs Require Specific or Compatible Utensils to Cook
Competitive Landscape:
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies
Some of the key players profiled in the report are Whirlpool Corporation (United States), AB Electrolux (Sweden), Samsung Electronics Co. Ltd. (South Korea), Midea Group Co., Ltd (China), Siemens AG (Germany), Robert Bosch GmbH (Germany), Haier Group Corporation (China), Miele & Cie. Kg (Germany), Panasonic Corporation (Japan), Arcelik A.S. (Turkey), IFB Industries Limited (India), Glen Dimplex Group (United Kingdom), Amica S.A. (Poland) and SMEG S.p.A (Italy). Additionally, following companies can also be profiled that are part of our coverage like FABER S.p.A. (Italy), Bosch-Siemens Hausgeraete GmbH (Germany) and Sunflame Enterprises Private Limited (India). Analyst at AMA Research see Global Vendors to retain maximum share of Global Residential Hobs market by 2026. Considering Market by Price, the sub-segment i.e. Low Range will boost the Residential Hobs market. Considering Market by Size, the sub-segment i.e. 2 burner will boost the Residential Hobs market. Considering Market by Sales Channel, the sub-segment i.e. Exclusive Store will boost the Residential Hobs market.
What Can be Explored with the Residential Hobs Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Residential Hobs Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Residential Hobs
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Residential Hobs market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Residential Hobs market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Residential Hobs Manufactures, Residential Hobs Suppliers, Residential, Hobs Distributors, Governmental and Research Organizations, Associations and Industry Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.