Market Trends of Europe Kitchen Hobs Industry
This section covers the major market trends shaping the Europe Kitchen Hobs Market according to our research experts:
Growing Urbanisation is driving the market
Growing Urbanization and increased safety of Hobs is significantly contributing to the increased adoption of Hobs in the European Market. Energy-efficient kitchen products are opted by European consumers to minimize the utility bills and are relatively cost effective. Growth in working class population coupled with trend of fast-food consumption has increased health consciousness among customers. Of late, demand for induction cooktops that cook food easily with less oil has increased, which in turn is likely to positively impact the induction cooktop market during the forecast period. Due to the absence of open flames in the Induction Hobs, it is safer than Gas Hobs. With reduced time and low energy usage of Hobs like Induction hobs and Electric plate Hobs are preferred as they can be even cooked at low temperature. The raise of gas prices is a restraint for the growth of the Gas and Gas on Glass Hobs and people are then compelled to opt for alternatives such as energy efficient hobs.
Raise in Construction Activities is Driving the Market
Kitchen Hobs are used by both residential household and commercially around Europe. They can be either directly installed into the kitchen or can be manually used. But mostly hobs are installed permanently in the kitchen. Due to the rise in construction activities of both commercial and residential sector, resulting from rapid industrialization and urbanization. The market is projected to witness steady growth in the upcoming years. Europe Kitchen Hobs market is driven by Increase in investments in the construction industry, growing urbanisation and rapid industrialisation leading to rise in construction activities. Furthermore, advance features of Hobs such as better reliability, sustainability and energy efficiency are leading to increase demand for Hobs rather than gas stoves.
