Global Electric Cooker Market, By Product Type (Standard, Multifunctional, Induction, Others), Distribution Channel (Online, Offline), End User (Commercial, Household), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2027
Electric cooker market is expected to grow at a compound annual growth rate of 7.20% in the forecast period of 2020 to 2027. Electric cooker market report analyses the growth, which is currently being growing due to rising awareness regarding the usage of renewable energy products.
The shifting inclination of consumers towards the adoption of energy-efficient cooking appliances is one of the vital factors whose impact is substantially strong in the current business scenario and is expected to increase over the forecast period of 2020 to 2027. The various innovative features such as heat adjustment variation knobs and timer is a key factor driving the growth of the target market. The increased demand of electric cookers from consumers across the world, due to factors such as rapid urbanization and rising disposable income will positively impact the growth of the electric cooker market. In addition, the multifunctionality and power efficiency, increasing prices of cooking gas and rising number of nuclear families and development in living standards in emerging countries are also accelerating the demand of electric cooker market. Moreover, the growing importance regarding the different energy-saving appliances counting electric cookers and induction cooktop for dropping household expenses as well as the rising focus of manufacturers on making technologically advanced and multifunctional electric cooker are boosting various lucrative opportunities for the electric cooker market in the above mentioned forecast period.
However, the presence of product alternate will obstruct the growth of the electric cooker market in the above mentioned forecast period.
This electric cooker market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on electric cooker market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electric Cooker Market Scope and Market Size
Electric cooker market is segmented on the basis of product type, distribution channel and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the electric cooker market is segmented into standard, multifunctional, induction and others.
- On the basis of distribution channel, the electric cooker market is segmented into online and offline. Offline is further segmented into hypermarkets/supermarkets, specialty stores and departmental stores.
- Based on end user, the electric cooker market is segmented into commercial and household.
Global Electric Cooker Market Country Level Analysis
Electric cooker market is analyzed and market size, volume information is provided by country, product type, distribution channel and end user as referenced above.
The countries covered in the electric cooker market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is leading the electric cooker market due to the rising urbanization, insistent product promotion strategies of companies along with the increasing disposable income of the consumers in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electric Cooker Market Share Analysis
Electric cooker market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electric cooker market.
The major players covered in the electric cooker market report are Newell Brands, Spectrum Brands Inc., Panasonic, Supor, ELECTROLUX, Koninklijke Philips N.V., Nine Yang, S.K. Gupta & Company, Triangle Inc., Toshiba India Pvt. Ltd., Haier Inc., TCL, Rongshida, Konka Group, Glanz Toshiba, Royalstar, Mitsubishi Electric Corporation, Sanyo and LG Electronics among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Electric Cooker Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.