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Global Electric Rice Cooker Market 2019-2023

  • Published: Nov 2018
  • Pages: 113
  • SKU: IRTNTR30334
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The global electric rice cooker market size will grow by USD 1.80 billion during 2019-2023. This report offers an analysis of the market based on distribution channel (offline and online) and geography (the Americas, APAC, and EMEA). The electric rice cooker market research report further analyzes the market’s competitive landscape and offers information on several companies including ELECTROLUX, Hamilton Beach Brands, Koninklijke Philips, Newell Brands, and Spectrum Brands.

Below are some of the key findings from the electric rice cooker market research report

Electric Rice Cooker

 

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Global electric rice cooker industry overview

The increasing product innovation and portfolio extension leading to premiumization is one of the key factors expected to drive the market’s growth in the forthcoming years. Electric rice cookers with integrated modern technologies, innovative features, and multiple functionalities are witnessing high demand from customers. The portfolio extension of the electric rice cookers has increased sales and has led to product premiumization. Because of this, the probability of new customer acquisition and repeat customers have increased significantly, in turn, driving the electric rice cooker market growth. Researchers forecast the market to grow at a CAGR of close to 7% during the forecast period.

The multifunctionality of electric rice cookers is one of the key trends likely to gain traction in the market during the forthcoming years. Vendors are increasingly introducing models with rubber seals and locking mechanisms for spill-free transportation of food. The deployment of advanced features including LCD display and voice navigation for easy control improves the performance and functionality of electric rice cookers. This will further accelerate the electric rice cooker market growth in the forthcoming years.

Top electric rice cooker companies covered in this market research report

The electric rice cooker market is highly fragmented with companies focusing on launching innovative electric rice cookers catering to the evolving end-user requirements. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this electric rice cooker industry analysis report is designed to help clients build effective business strategies for strengthening their position in the market.

The report offers a complete analysis of various companies including:

  • ELECTROLUX
  • Hamilton Beach Brands 
  • Koninklijke Philips
  • Newell Brands 
  • Spectrum Brands

Electric rice cooker market segmentation based on geographic regions

  • Americas
  • APAC
  • EMEA

The APAC region will account for the largest electric rice cooker market revenue throughout the forecast period. The region will continue to dominate the market owing to the rising population and growth in disposable income.

Electric rice cooker market segmentation based on distribution channel

  • Online
  • Offline

The offline distribution channel segment will account for the highest electric rice cooker market share during the forecast period owing to the growing sales of these cookers from several specialty stores, department stores, hypermarkets, supermarkets, and warehouse clubs. Additionally, the report will also provide an accurate prediction of the contribution of the various distribution channel segments to the growth of the electric rice cooker market size.

Key highlights of the global electric rice cooker market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the electric rice cooker market during the next five years
  • Precise estimation of the global electric rice cooker market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • Growth of the electric rice cooker industry across the Americas, APAC, and EMEA
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on the factors that will challenge the growth of the electric rice cooker companies

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

  • Market segmentation by distribution channel
  • Comparison by distribution channel
  • Offline - Market size and forecast 2018-2023
  • Online - Market size and forecast 2018-2023
  • Market opportunity by distribution channel

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Multifunctionality of electric rice cooker
  • Increase in availability of private label brands
  • Ease of use, portability, and convenience for consumers

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ELECTROLUX
  • Hamilton Beach Brands 
  • Koninklijke Philips
  • Newell Brands 
  • Spectrum Brands

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations

PART 15: EXPLORE TECHNAVIO 

 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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