Over the next five years the Electric Cookware Market will register an 6.10% CAGR in terms of revenue, the global market size will reach USD 20.15 million by 2027.
Cookware is a type of vessel or container in which food is prepared. Cookware comprises various cooking pots, such as frying pans and saucepans. These pots are intended for use on a range, cooktop or a stove. The material used in the manufacturing of cookware has a substantial effect on its performance, cost, and thermal conductivity. Materials used in manufacturing of cookware are pottery, metals, PTFE non-stick, coated and composite material, and others. Metals used in manufacturing of cookware are aluminium, copper, stainless steel, cast iron, and carbon steel. Aluminium metal has very good thermal conductivity and is lightweight. It is also resistant to corrosion. Other non-metallic cookware materials include glass, ceramics, stone, and silicone. Electric cookware is one of the best examples of modern home appliance. As the name suggests, this cookware works on electricity. There are various types of electric cookware available in the market. Rice cookers, frying pans, slow cookers, tea and coffee makers, and egg boilers are types of electric cookware used in modern kitchens.
The lack of understanding among non-data centre, on the other hand, is concerning. The report aspects discussed the profile of the top manufacturers of the global Electric Cookware market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Electric Cookware Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
The Electric Cookware Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market Panasonic, Maxim, Breville, Midea, Philips, Matsushita, Joyoung, Toshiba and others.
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Electric Cookware Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Applications it is segmented into
Asia Pacific dominated the market for cookware with a revenue share of over 40.0% in 2021. The continuous expansion of the residential sector, increasing number of home remodeling and renovation projects, and rising disposable income are likely to generate significant demand for cookware products over the forecast period.
All these factors greatly affect the Electric Cookware market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows
The Electric Cookware Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyses market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Electric Cookware Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2028 CAGR | CAGR of 6.10% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Panasonic Corp. (Stuttgart :MAT1.SG), Maxim, Breville Group Limited (ASX:BRG.AX), Midea Group Co., Ltd. (Shenzhen:000333.SZ), Philips, Matsushita, Joyoung Co.,Ltd (Shenzhen:002242.SZ), Toshiba Corporation (Other OTC TOSYY) and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 133 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Electric Cookware Market is studied from 2017 - 2027.
What is the growth rate of Electric Cookware Market?
The Electric Cookware Market is growing at a CAGR of 6.10% over the next 5 years.
Who are the leading key players in Electric Cookware Market?
Panasonic Corp. (Stuttgart :MAT1.SG), Maxim, Breville Group Limited (ASX:BRG.AX), Midea Group Co., Ltd. (Shenzhen:000333.SZ), Philips, Matsushita, Joyoung Co.,Ltd (Shenzhen:002242.SZ), Toshiba Corporation (Other OTC TOSYY) and others.
What regions regions does this Electric Cookware Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Electric Cookware Market?
Rice Cooker, Slow Cooker, Deep Fryer, Frypan, Other
What are the significant Applications of Electric Cookware Market?
Household, Commercial
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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