Consumer Goods Market Report

20-aug-19 The global induction cooktop market size is expected to reach USD 27.3 billion by 2025, according to a new report., expanding at a CAGR of 5.7% over the forecast period. Rising awareness about safety and energy efficiency among middle-income age groups across the globe is expected to expand the scope of induction cooktop. In addition, increasing importance of modular kitchen as they offer excellent convenience, aesthetic appeal, and efficient storage capabilities is expected to expand the market reach. The built-in product segment is expected to remain the largest segment over the next few years. These products find use as they offer various benefits such as smart slide, temperature control, four cooking zones, and child lock safety system. Additionally, new product launches by the industry participants through the inclusion of technological features such as smart device connectivity are expected to play a key role in promoting the utility of built-in products in the ne...