Global Induction Cookware Market to grow at a CAGR of 6.19% during the period 2017 - 2021; Finds New Report

Report forecast the global induction cookware market to grow at a CAGR of 6.19% during the period 2017-2021.

Induction cooking is a process in which cookware that is specially designed for induction cooktops and induction hobs is used. This cookware that works on induction cooktops is called induction cookware. This cookware gets heated up with the help of magnetic induction, instead of using conduction from flames or other elements that can heat up electrically. Induction cookware has a ferromagnetic metal base and is made of cast iron and stainless steel. These materials are suitable for cooking on induction cooktops.

The report covers the present scenario and the growth prospects of the global induction cookware market for 2017-2021. To calculate the market size, the report considers the sales by value and excludes replacement/ spares/ services market.

The market is divided into the following segments based on geography:

• The Americas,
• APAC,
• Europe,
• MEA

According to the report, one of the major drivers for this market is Product innovation to boost sales. Raw materials, like cast iron pans or black metal, are used on an induction surface. These cooking utensils are made of stainless steel and have a magnetic grade base. The magnetic base on the bottom of the pan acts as an induction cooking surface. Although induction cookers have been in the market for quite some time, the manufacturers are putting in constant efforts to make them more efficient by enhancing the material used to manufacture induction cookware.

Further, the report states that one of the major factors hindering the growth of this market is Competition from traditional cookware. Consumers dwelling in rural areas may not be aware of the uses and advantages of induction cookware. Hence, they prefer using traditional utensils and might even avoid the risk of using induction cookware.

Global Induction Cookware Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global induction cookware market: Kitchen Aid, Stovekraft, VIKING RANGE, Denby Pottery, and Scanpan

Other Prominent Vendors in the market are: NuWave, Cuisinart, Chantal Online, Anolon, Tefal, and All-Clad MetalCrafters.

Market driver

• Product innovation to boost sales
• For a full, detailed list, view our report

Market challenge

• Competition from traditional cookware
• For a full, detailed list, view our report

Market trend

• Growth in online sales
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

Spanning over 69 pages “Global Induction Cookware Market 2017 - 2021” report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market segmentation by product, Geographical segmentation, Key leading countries, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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