Electric Rice Cooker Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F Segmented By Product Type (Standard, Multifunction & Induction Heat), By Capacity (Less Than 2 Litre, 2 Litre – 4 Litre and More Than 4 Litre), By End Use (Residential Vs. Commercial), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Multi-Branded Stores, Online, Exclusive
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationElectric Rice Cooker Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F Segmented By Product Type (Standard, Multifunction & Induction Heat), By Capacity (Less Than 2 Litre, 2 Litre – 4 Litre and More Than 4 Litre), By End Use (Residential Vs. Commercial), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Multi-Branded Stores, Online, Exclusive
Global electric rice cooker market is anticipated to grow at brisk rate through 2028 on account of shifting consumer preference in favor of energy-efficient cooking
Electric rice cookers regulate the cooking of rice by electrically adjusting heat and timing. And furthermore, it
The creation of connected
Consumer preferences have changed, allowing manufacturers of kitchen appliances to experiment with new product designs. These goods enable the producers of kitchen appliances to diversify their product lines and better meet customers' expanding needs. By using a product expansion plan, they can reach a wider market and increase their consumer base. Additionally, to accommodate domestic and commercial uses, the manufacturing companies are concentrating on providing multifunctionality features electric rice cooker in a different range of capacities, from tiny to extra-large. For instance, Panasonic Corporation,
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Rising Demand for Energy Efficiency and Versatile Cooking Option Fueling the Market Growth
The one of the key factors anticipated to propel the market over the coming few years is the growing significance of energy-saving appliances like induction heat electric rice cooker and multifunction electric rice cooker by reduce time required to do the household chores. And multi-function programmed for cooking such as different types of rice cook, steaming features, making soups etc. Additionally increasing numbers of working women and their busy lifestyle of both the family members (wife & husband) with their office works and they are having less time to do the daily household work. So, these appliances help save time for themselves and as well as increases efficiency in their workforce. Hence, this factor is attributed to increase the market growth.
Increasing Usage in Commercial Sector Fuel the Market Growth
The commercial electric rice cooker segment is expected to grow a CAGR of 7.30% from 2018 to 2028, due to its low maintenance and monitoring requirements. Better cooking and even heating are ensured by the 3D heating mode, electric rice cookers are anticipated to become more prevalent in commercial sectors like hotels and restaurants. Additionally, the government restrictions prohibiting the use of gas connections in densely populated commercial areas will also promote the rise in demand for electric rice cookers for commercial use.
New technological innovations driving the Market Growth
Due to rising consumer demand for more premium household products, manufacturers are being compelled to create new product releases. Such as
Market Segmentation
The global electric rice cooker market is segmented based on product type, capacity, end use, distribution channel, region, and competitional landscape. Based on product type, the market is further fragmented into Standard, Multifunction & Induction. Based on capacity, the market is divided into the Less Than 2 Litre, 2 Litre – 4 Litre and More Than 4 Litre. Based on end use, the further divide into residential vs commercial. Based on distribution channels, the market is segmented into supermarkets/hypermarkets, specialty retailers, multi-branded retailers, online, exclusive retailers & others (direct sales, distributors & dealers). The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Asia-Pacific, Europe, North America, South America, and Middle East & Africa.
Company Profiles
Midea Group Co., Ltd., Panasonic Corporation, Group SEB, Breville Group, Zojirushi America Corporation, Koninklijke Philips N.V., TTK Prestige Limited, AB Electrolux, Newell Brands (Oster) and Aroma Housewares Company are among the major market players in the global electric rice cooker market. Various companies are offering a wide variety of electric rice cooker such as standard, multifunction, induction heat. To remain competitive in the market companies are focusing on new innovations and launches.
Attribute | Details |
Base Year | 2022 |
Historical Years | 2018 – 2022 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028 |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Product Type · Capacity · End Use · Distribution Channel · Region |
Regional Scope | Asia-Pacific, Europe, North America, South America, Middle East & Africa and |
Country Scope | United States; Canada; Mexico; Russia; Germany; France; United Kingdom; Italy; China; India; Japan; South Korea; Australia, Saudi Arabia; UAE, South Africa, Brazil; Argentina; Colombia |
Key Companies Profiled | Midea Group Co., Ltd., Panasonic Corporation, Group SEB, Breville Group, Zojirushi America Corporation, Koninklijke Philips N.V., TTK Prestige Limited, AB Electrolux, Newell Brands and Aroma Housewares Company |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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