A comprehensive Electric Kettle Market business research report assists clients in comprehending the various drivers and restraints that impact the market throughout the forecast period. The report encompasses analysis and estimation of significant industry trends, market size, and market share. It serves as a strong incentive for businesses to explore new ventures and improve their operations. Businesses heavily rely on the diverse segments included in the market analysis report, providing them with valuable insights to guide their endeavors in the right direction. The data presented in the top-notch Electric Kettle Market document undergoes scrutiny and validation by market experts for the benefit of readers and end-users.
The superior Electric Kettle Market research report empowers businesses of all sizes, whether large, medium, or small, to thrive and succeed in the market. The inclusion of competitive intelligence is a crucial aspect that helps businesses excel in the market. The transparent, consistent, and extensive market information in this industry analysis report is poised to enhance business development and boost return on investment (ROI). The features and parameters covered in this report contribute to steering the business toward growth and success. The Electric Kettle Market report diligently studies and evaluates market drivers, restraints, challenges, opportunities, and key developments in the market.
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https://www.databridgemarketresearch.com/reports/global-electric-kettle-market
The essential factors contributing to the growth of the global electric kettle market in the forecast period of 2023 to 2020 include change in the lifestyles of people across the globe, growing popularity of new product variants including a 360-degree swivel base and easy pour spout, and shift towards purchasing the kettle appliances with the advanced features.
Data Bridge Market Research analyzes that the electric kettle market which was USD 4.29 billion in 2022, is expected to reach USD 6.08 billion by 2030, growing at a CAGR of 4.2% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Market Definition
An electric kettle refers to a kitchen appliance that assists in boiling water that can be utilized for the preparation of coffee, tea and soups, among other beverages instantly. The product is generally made using materials that help conduct heat efficiently, such as metals. The product provides a control safety feature that automatically turns off the device after a certain amount of time and avoids electricity wastage.
Some of the major players operating in the electric kettle market are:
- Aroma Housewares Company (U.S.)
- Conair Hospitality (U.S.)
- Hamilton Beach Brands, Inc. (U.S.)
- Groupe SEB India (India)
- Cuisinart (U.S.)
- Breville USA, Inc. (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Chef's Choice by EdgeCraft (U.S.)
- Sai Enterprises (India)
- IMEX Appliances Ltd. (U.K.)
- SKYLINE HOME APPLIANCES (India)
- Lords Wear Private Limited (India)
- KENT RO Systems Ltd. (India)
- BOSS INDIA (India)
- U Like Center (India)
- Comforts India (India)
- TTK Prestige Ltd. (India)
- Lazer India Pvt. Ltd. (India)
Drivers
- Energy-efficient appliances
Energy-efficient appliances are in demand due to growing environmental concerns and rising energy costs. Electric kettles are generally more energy-efficient than heating water on a stovetop, making them an attractive choice for consumers looking to reduce energy consumption.
- Convenience
Electric kettles are known for their speed and convenience. They can quickly boil water for various purposes, from making tea and coffee to instant soups and oatmeal, saving time for consumers with busy lifestyles. Moreover, the hospitality industry, including hotels and restaurants, relies on electric kettles for providing guests with hot water. As global travel continues to grow, this industry's demand for electric kettles remains steady.
Global Electric Kettle Market Scope
The electric kettle market is segmented on the basis of raw material, type, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Raw Material
- Stainless Steel
- Plastic
- Glass
- Others
Type
- See Through
- Opaque
Application
- Residential
- Commercial
Distribution Channel
- Hypermarket/Supermarket
- Convenience Stores
- Online Stores
- Others
Key Points mentioned in the Electric Kettle Market report:
What was the market size in 2030?
- What are the moves of key players?
- Which region is leading the market at global Electric Kettle Market?
- A comprehensive/competitive analysis of the Electric Kettle Market?
- What the drivers and restrains are for the Electric Kettle Market?
- How will the market stand in the forecast period
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