Disclosed herein is a laundry machine. More particularly, a laundry machine for generating steam by an induction heater and a control method thereof are disclosed. The laundry machine may include a tub, a drum rotatably arranged in the tub to accommodate an object and provided with a through hole on an outer circumferential surface thereof, a steam induction heater provided at a front upper portion of a front wall or a rear upper portion of a rear wall of the tub to heat a heating surface of the drum facing the steam induction heater, a motor driven to rotate the drum, a spray nozzle configured to spray water onto the heating surface facing the steam induction heater to generate steam, and a processor configured to rotate the drum to introduce the steam into the drum through the through hole in a space between the tub and the drum.