Electric Kettle Market Size And Forecast by 2031
Data Bridge Market Research analyses that the Global Electric Kettle Market which was USD 4.47 Thousand in 2023 is expected to reach USD 6.21 Billion by 2031 and is expected to undergo a CAGR of 4.20% during the forecast period of 2023 to 2031. Electric Kettle Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.
Global Electric Kettle Market Segmentation Analysis
Global Electric Kettle Market, By Raw Material (Stainless Steel, Plastic, Glass, and Others), Type (See Through, and Opaque), Capacity (Less than 1L, 1– 1.5L, and Above 1.5L), Application (Residential, and Commercial), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Online Stores,and Others) – Industry Trends and Forecast to 2031.
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Which are the top companies operating in the Electric Kettle Market?
The “Global Electric Kettle Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Electric Kettle Market extension. This Electric Kettle Market report provides the information of the Top 10 Companies in Electric Kettle Market in the market their business strategy, financial situation etc.
**Segments**
- By Product Type: The electric kettle market can be segmented into traditional electric kettles and smart electric kettles. Traditional electric kettles are the conventional models that are used for boiling water. On the other hand, smart electric kettles come equipped with advanced features such as temperature control, connectivity with smartphones, and voice control.
- By Material: Based on the material used in manufacturing, the market can be segmented into stainless steel, glass, plastic, and others. Stainless steel electric kettles are durable and long-lasting, while glass kettles provide a visually appealing aesthetic. Plastic kettles are lightweight and cost-effective compared to other materials.
- By Distribution Channel: The electric kettle market can be segmented based on distribution channels such as online retail, offline retail, supermarkets/hypermarkets, and specialty stores. Online retail channels have gained significant traction due to the convenience and wide range of options available for consumers.
**Market Players**
- Tiger Corporation
- Breville USA, Inc.
- Koninklijke Philips N.V.
- SEB
- TOSHIBA CORPORATION
- Aroma Housewares Company
- Cuisinart
- COSTWAY
- Hamilton Beach Brands, Inc.
The global electric kettle market is expected to witness substantial growth during the forecast period of 2022 to 2030. The market is being primarily driven by the increasing preference for convenient kitchen appliances, the expanding trend of smart homes, and the rise in disposable income levels of consumers worldwide. The demand for electric kettles is surging as they offer quick heating capabilities, energy efficiency, and ease of use. Additionally, the growing awareness regarding energy conservation and the adoption of sustainable practices are further boosting the market growth.
In terms of product type, smart electric kettles are anticipated to witness significant growth owing to the integration of innovative technologies and the rising adoption of smart home devices. The ability to control the temperature remotely and personalize the brewing process according toThe global electric kettle market is poised for substantial growth over the forecast period of 2022 to 2030, driven by several key factors. One of the primary drivers is the increasing consumer preference for convenient kitchen appliances. Electric kettles offer a quick and efficient way to boil water for various purposes, such as making tea, coffee, or instant noodles. Their ease of use and energy efficiency make them a popular choice among consumers looking to simplify their daily routines. Additionally, the expanding trend of smart homes is expected to further fuel the demand for electric kettles, especially smart models that come equipped with advanced features like temperature control, connectivity with smartphones, and voice control.
The rise in disposable income levels across various regions is also contributing to the growth of the electric kettle market. As consumers have more purchasing power, they are willing to invest in modern kitchen appliances that not only offer convenience but also improve their overall lifestyle. Electric kettles are seen as essential appliances in many households, further boosting their demand. Moreover, the increasing awareness regarding energy conservation and the adoption of sustainable practices are encouraging consumers to opt for electric kettles over traditional stovetop kettles, as the former are considered more energy-efficient and eco-friendly.
When it comes to market segmentation by product type, smart electric kettles are expected to witness significant growth in the coming years. These innovative appliances offer a range of advanced features that cater to tech-savvy consumers looking for smart solutions in their homes. The ability to control the temperature remotely, personalize the brewing process, and integrate with other smart home devices make smart electric kettles a desirable choice for many modern households. As the connected home trend continues to gain momentum, the demand for smart electric kettles is likely to surge, opening up new opportunities for market players and driving overall market growth.
In conclusion, the global electric kettle market is on a growth trajectory, fueled by factors such as consumer demand for convenience, the trend towards smart homes, increasing**Market Players**
- Aroma Housewares (U.S.)
- Conair Hospitality (U.S.)
- Hamilton Beach Brands, Inc. (U.S.)
- Groupe SEB (India)
- Cuisinart (U.S.)
- Breville USA (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Chef's Choice by EdgeCraft (U.S.)
- Sai Enterprises (India)
- Impex Webstore (U.K.)
- SKYLINE HOME APPLIANCES (India)
- lordsindia (India)
- BOSS INDIA (India)
- Troop Comforts Limited (India)
- TTK Prestige Ltd. (India)
- LAZER INDIA PRIVATE LIMITED (India)
The global electric kettle market is poised for substantial growth over the forecast period of 2022 to 2030, driven by several key factors. One of the primary drivers is the increasing consumer preference for convenient kitchen appliances. Electric kettles offer a quick and efficient way to boil water for various purposes, such as making tea, coffee, or instant noodles. Their ease of use and energy efficiency make them a popular choice among consumers looking to simplify their daily routines. Additionally, the expanding trend of smart homes is expected to further fuel the demand for electric kettles, especially smart models that come equipped with advanced features like temperature control, connectivity with smartphones, and voice control.
The rise in disposable income levels across various regions is also contributing
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Overview of the Electric Kettle Market Research Report
The Electric Kettle Market research report commences with an in-depth overview covering definitions, applications, product/service launches, developments, challenges, and regional analysis. The forecast underlines robust growth fueled by increasing consumption in diverse markets. Furthermore, the report delves into current market trends and key characteristics.
Objectives of the Report
Conduct a comprehensive investigation to forecast the value and volume of the Electric Kettle Market.
Analyze and project market shares for major segments within the Electric Kettle Market.
Depict the evolving landscape of the Electric Kettle Market across global regions.
Examine and assess micro markets, their contributions, and growth potential within the Electric Kettle Market.
Provide accurate insights into the factors driving the growth of the Electric Kettle Market.
Offer a detailed analysis of key strategies adopted by major companies, such as R&D, collaborations, agreements, partnerships, acquisitions, mergers, new product launches, and other strategic initiatives.
Market Overview
The study concentrates on the present state of the Electric Kettle Market, evaluating key statistics including CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and year-over-year growth. This thorough analysis is conducted using the latest primary and secondary research methods. Leading company profiles are scrutinized based on factors like the markets they serve, production, revenues, market shares, recent developments, and gross profit margins. The report also provides a detailed exploration of market drivers, constraints, opportunities, challenges, and trends within the market dynamics section.
Table of Contents:
Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
Market Purview
Report DescriptionMarket Definition and Scope
Executive Summary
Market Snapshot, By Type
Market Snapshot, By Application
Market Snapshot, By Region
Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
And more...
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