Market Size of Europe Kitchen Hobs Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.50 % |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Kitchen Hobs Market Analysis
COVID-19 pandemic has restricted the construction of housing and building projects and the lockdown restrictions have limited the new purchases owing to the uncertainty in the economy and purchasing power parity but is anticipated to bounce back during the forecast period with the changing situations and customers approach towards the pandemic.
The growing e-commerce has been posing as a major competitor to other sellers due to highly competitive discounts and other offers has emerged as the fastest growing segment of the distribution channels in the year 2020, owing to the closure of physical stores for a longer time due to the COVID-19 pandemic. Growing competition and increased consumer demand for innovative products are expected to drive the growth of the Kitchen Hobs Market in Europe. The product innovations introduced are in terms of technology, performance, features, and design. The growing purchasing power, increasing disposable income among the customers and changing style trends in the Kitchen Appliances has propelled the demand for Kitchen Hobs Market in Europe. Similarly, distribution is notably tending towards channels featuring high discounts, including private label goods outlets, mega markets offering high discounts through tax rebates and tie-ups with manufacturers.
