Electric Rice Cooker Market - Global Industry Analysis

Electric Rice Cooker Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Category: Semiconductor & Electronics Report Format : PDF Report Code: ZMR-6837 Status : Upcoming

Description

Global Electric Rice Cooker Market: Overview

A rice cooker is an electric appliance used for rice preparation. The appliance comprises a removable bowl inside that is coated with non-stick material along with an insulated outer container. In addition, it also highlights a water level to be maintained for the quality of rice to be put in the container. This cooker boils rice with the help of an electric element through heating. Rice cookers are widely available in the market in both non-automatic and automatic variants. Several consumers are opting for rice cookers for cooking various rice specialties.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Electric Rice Cooker Market: Growth Factors

The global electric rice cooker market is projected to reach $5.4 billion with a healthy CAGR of 6.6 % during the forecast period. The changing consumer lifestyle due to the fast-paced work culture and long traveling time is influencing people to have hands-on electric rice cookers. Nowadays, people are more inclined towards convenience products that help in simplifying the working procedure. Furthermore, owing to the requirement of comparatively lesser time and less attention, these electric rice cookers became one of the most preferred appliances among consumers. Along with the increasing number of working women, there is a significant increase in the dependency of consumers on smart electrical appliances that are easy to handle. Such a landscape is likely to further increase the market value and opportunity in the forthcoming years. In addition, the increasing prices of cooking gas have significantly inclined consumers from gas-based kitchen appliances to electric ones. Manufacturers are highly focusing on research and development activities in an effort to strengthen the product portfolio and to satisfy the growing requirements of modern consumers. Additionally, the manufacturers are also focusing on launching innovative design appliances to offer a luxurious look to the product in order to attract customers. The outbreak of the Covid-19 pandemic significantly affected the global electric rice cooker market, but the ongoing development and increased multi-functional capabilities of the businesses are also likely to positively shape the trajectory of the global electric rice cooker market in the forthcoming years. However, the ease of maintenance of these appliances also influences customers to invest in smart appliances.

Global Electric Rice Cooker Market: Segmentation

The global electric rice cooker market can be segmented into end-user, distribution channels, and regions.

By end-user, the market can be segmented into commercial and household users. The household segment accounts for the largest share in the global electric rice cooker market due to the growing working population globally.

By distribution channel, the market can be segmented into e-commerce, specialty stores, supermarkets, and others. Supermarkets were the most preferred channel for shopping the electric rice cookers, but nowadays, with the emergence of giant e-commerce vendors, the e-commerce sales channel accounts for the largest share in the global electric rice cooker market with a healthy CAGR of 10.1% during the forecast period. The ease of convenience, free delivery, and easy returns are some of the primary factors influencing the growth of the segment.

Global Electric Rice Cooker Market: Regional analysis

Asia Pacific accounts for the largest share in the global electric rice cooker market due to the hectic and busy lifestyle of the consumers in the region. Furthermore, the increasing disposable income, high employment rate, growing number of working women population, and the growing standards of the people are some of the prominent factors positively shaping the trajectory of the regional market in the forthcoming years. Also, China is among the largest consumers of rice globally due to the fact that it is the staple food of the country thereby the region is anticipated to contribute significantly towards the growth of the global electric rice cooker market.

Global Electric Rice Cooker Market: Competitive Players

Some of the significant players in the global electric rice cooker market include Wonderchef Home Appliances Pvt. Ltd, TTK Prestige Ltd, Panasonic Corporation, Newell Brands, Koninklijke Philips N.V, Groupe SEB, Breville Group, Bajaj Electricals Limited, Ali Group Srl, and AB Electrolux.

Global Electric Rice Cooker Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global electric rice cooker market is projected to reach $5.4 billion with a healthy CAGR of 6.6 % during the forecast period. The changing consumer lifestyle due to the fast-paced work culture and long traveling time is influencing people to have hands-on electric rice cookers. Nowadays, people are more inclined towards convenience products that help in simplifying the working procedure.

Some of the significant players in the global electric rice cooker market include Wonderchef Home Appliances Pvt. Ltd, TTK Prestige Ltd, Panasonic Corporation, Newell Brands, Koninklijke Philips N.V, Groupe SEB, Breville Group, Bajaj Electricals Limited, Ali Group Srl, and AB Electrolux.

Asia Pacific accounts for the largest share in the global electric rice cooker market due to the hectic and busy lifestyle of the consumers in the region. Furthermore, the increasing disposable income, high employment rate, growing number of working women population, and the growing standards of the people are some of the prominent factors positively shaping the trajectory of the regional market in the forthcoming years.

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