Overview of the global residential electric fryers market
As per the Technavio’s market research report, the global residential electric fryers market is expected to grow at a steady rate and post a CAGR of more than 9% during the forecast period. The growing awareness about wellness, obesity, and health consciousness among consumers will drive the growth prospects for the global residential electric fryers market from 2017-2021. The growing awareness of the benefits of residential electric fryers among consumers in developed markets such as Germany, the UK, Canada, the US, France, Italy, Japan, Spain, and Australia will boost the purchase rate of these products. Also, with the rising awareness about wellness, obesity, and health among consumers, the market is experiencing a huge shift from deep fat fryers towards the adoption of alternative fryers such as air fryer that contain and prepare fast foods having less amount of fat.
During 2016, the global residential electric fryers market was dominated by the Americas and the region is expected to remain dominant throughout the predicted period as well. The easy availability of these products in specialty stores, hypermarkets, supermarkets, convenience stores, and warehouse clubs in the Americas will increasingly encourage customers to purchase residential electric fryers products. Moreover, the introduction of commercial and professional quality appliances for residential purposes will also fuel the market’s growth prospects in this region.
Competitive landscape and key vendors
The global residential electric fryer market includes few major players and many small- and mid-size vendors, which makes it highly competitive. Some of the competitive strategies implemented by these vendors include the adoption of M&As, increasing market share and penetration in the untapped markets, the development of innovative products, the expansion of product portfolios, and the growing focus on labeling and other government regulations. The growing investments in new markets, localization, the growing dependence on government policies, and financial support will help these vendors gain a competitive edge over their competitors.
Key vendors in this market are -
- Cuisinart
- Havells
- Kenstar
- Koninklijke Philips
- Tefal
- Waring
Other prominent vendors in the market include AvalonBay, Breville, Hamilton Beach Brands, Jarden Consumer Solutions, and National Presto Industries.
Segmentation by product type and analysis of the residential electric fryers market
- Deep fat fryer
- Air fryers
The market for deep fat fryers dominated the global residential electric fryers market during 2016 and its dominance is expected to continue until the end of 2021. Features such as detachable lids, cord storage compartments, and user-friendly digital interfaces and the availability of fryers in different colors, will induce more customers to purchase these fryers. The introduction of odor and oil filters in new deep fryer models reduces the odor and oily vapor to a significant extent, which will replace the use of older models and fuel the rate of adoption of residential electric fryers.
Segmentation by distribution channel and analysis of the residential electric fryers market
The offline distribution channel was the major contributor to the market during 2016 and is expected to continue its dominance during the forecast period as well. The offline distribution channel includes specialty stores, hypermarkets, supermarkets, convenience stores, warehouse clubs, and other shopping point. These stores facilitate customers to compare the brand, price, and design of the product before purchasing which is the major factor inducing consumers to prefer the offline distribution channel.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global residential electric fryers market?
- What are the key market trends impacting the growth of the global residential electric fryers market?
- What are the challenges to market growth?
- Who are the key vendors in the global residential electric fryers market?
- What are the market opportunities and threats faced by the vendors in the global residential electric fryers market?
- What are the trending factors influencing the market shares of the Americas, APAC, Europe, and MEA?
- What are the key outcomes of the five forces analysis of the global residential electric fryers market?
Technavio also offers customization on reports based on specific client requirement.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Global residential electric fryers market
- Five forces analysis
PART 06: Market segmentation by product type
- Global residential electric fryers market by product type
- Global residential deep fat fryers market
- Global residential air fryers market
- Overall comparison of product segments
PART 07: Market segmentation by distribution channel
- Global residential electric fryers market by distribution channel
PART 08: Geographical segmentation
- Global residential electric fryers market by geography
- Residential electric fryers market in the Americas
- Residential electric fryers market in Europe
- Residential electric fryers market in APAC
- Residential electric fryers market in MEA
- Overall comparison of regions
PART 09: Key leading countries
PART 10: Decision framework
PART 11: Drivers and challenges
- Market drivers
- Market challenges
PART 12: Market trends
- Incorporation of innovative features
- Increase in demand for portable fryers
- Growing penetration of smart connected fryers
PART 13: Vendor landscape
- Competitive scenario
- Competitive strategies
- Comparative analysis of key vendors
- Cuisinart
- Havells
- Kenstar
- Koninklijke Philips
- Tefal
- Waring
- Other prominent vendors
PART 14: Appendix
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.
INFORMATION 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape