Japan Induction Cooktop Market Research Report, 2028

Japan Induction Cooktop Market Research Report, 2028

Actual Market Research 30-01-2023 59 Pages Figures : 5 Tables : 11 Region : Asia-Pacific Country : Japan Category : Consumer Goods & Services Appliances & Equipment

The induction cooktop market in Japan is growing, driven by increasing consumer demand for energy-efficient and technologically advanced home appliances. Japanese consumers place a strong emphasis on high-quality products and innovative technology, which has helped drive the popularity of induction cooktops in the country. In recent years, the market has seen a significant rise in the number of high-end induction cooktops that offer precise temperature control and rapid heating, as well as other advanced features such as built-in sensors and smart connectivity. The trend towards smart homes has also driven growth in the induction cooktop market in Japan, as consumers seek appliances that can integrate with other smart home devices and be controlled remotely. According to the research report "Japan induction cooktop market Research Report, 2028," published by Actual Market Research, the Japan induction cooktop market is expected to add USD 859.91 million by 2028. Induction cooktops are classified into two types: freestanding and built-in. These induction cooktops, often known as "fixed" cooktops, are mounted into the countertop or table. Induction devices that stand alone can be hardwired into the wall or are plug-and-play. Induction appliances may be more expensive: Electric 30-inch ranges begin at $600, while induction 30-inch ranges begin at $1,160. The starting price for a 30-inch electric cooktop is $630. Large induction cooktops, which commonly have 3, 4, or 5 cooking zones, or "rings," are used as the main cooking equipment. Large induction cookers are regarded as major home appliances because of their hefty price tags and lengthy lifespans (10 to 15 years). Tabletop induction cookers are typically employed as backup cooking equipment. Induction cooktops are smaller and frequently referred to as "portable." Due to the energy efficiency of this technology, Japan, a pioneer in induction cooking, had the biggest market share and the largest induction cooktop. The Japan , exports induction cooktop to many countries like India, Vietnam, and many more. Japan has more than 200 suppliers of induction cooktops. Due to the electromagnetic fields used to heat pans, some people worry that induction stoves are dangerous. Induction cooktops are typically made of glass-ceramic with low thermal expansion. The surface of the cooktop rarely reaches a high temperature because it only receives heat from the pot. Heat does not spread very far because glass and ceramics have weak thermal conductivity. One of the world's most advanced economies is Japan. The population of Japan as a whole was 125.50 million in 2021. This was ranked 11th on the globe and accounted for 1.6% of the total. Due to reasons including greater purchasing power, improved infrastructure, and an increase in the working population, household induction cooktops are in high demand, particularly in developing countries like Japan. The market for household induction cooktops is primarily driven by the increase in fuel costs for traditional gas cooktops, the expansion of the modular kitchen trend, and the advantages of comfort and safety for consumers. Several of the most recent induction cooktops include a pre-set menu for user convenience. With respect to the meals that are cooking, the pre-set menu adjusts the appliance's temperature. In order to deliver perfectly prepared meals with just one touch, the induction cooktop adjusts the temperature appropriately, whether that is boiling milk, making rice in a rice cooker, roti, or frying vegetables. A safety feature in modern induction cooktops is an auto-pan detection mechanism that ensures the heating is quickly turned off when the cookware is removed from the cooktop. In addition, if they forget to switch off the cooktop, it will shut off automatically if the pan becomes too hot. Considered in this report • Geography: Japan • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Japan Induction Cooktop market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type: • Built-In • Freestanding By Application: • Residential • Commercial By Distribution Channel: • Specialty Store • Hypermarkets & Supermarkets • Online The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Induction Cooktop industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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