Market Trends of Europe Induction Hobs Industry
This section covers the major market trends shaping the Europe Induction Hobs Market according to our research experts:
Rising Adaption of High-Tech Appliances Supporting the Growth of Induction Hobs in Europe
In Europe, adapting High-tech smart appliances boosts the demand for Induction Hobs, especially in countries like Germany where % of the population adapting smart appliances increased in past 3 years. Several initiatives have been launched by the government and businesses to improve energy efficiency, which will boost the adoption of smart home devices and services.
According to a survey conducted by the German industry organization Bitkom, in 2021, 41% of all Germans would have at least one smart home device installed. According to 78% of respondents, ease, convenience, and comfort were the top motivators for acquiring smart home items, while 69% wanted to make their homes safer. 62% of respondents regarded energy efficiency as a high purchasing criterion.
Increasing Sales of Commercial Induction Hobs Driving the Market
In the next few years, Europe is likely to have the greatest commercial induction cooktops market share. This expansion can be attributed to the rising usage of technologically superior induction hobs in hotels and restaurants throughout the United Kingdom, Italy, and Germany.
Furthermore, the existence of various industry players in these nations is expected to boost growth. To attract more clients, these important competitors are progressively focused on applying cutting-edge technology and delivering new features like attractive LED displays, accurate temperature management, slider control, and four cooking zones. This is also anticipated to bode positively for the European market.
Moreover, the surging number of eateries and fast food restaurants across the region on the back of rising disposable income and the busy lifestyles of consumers is set to drive the market.
