The global Electric Cooker Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Electric cookers are used for cooking without using fire. It includes a timer, hat adjustment variation knobs, LCD displays, voice navigation, and others. Some advanced electric cookers also have built-in Wi-Fi connectivity. It allows users to control functions through smartphone apps.It has application across household and commercial sectors. The Electric Cooker market is expanding because of factors such as rising disposable income and growing urbanization in the forecast period.
According to Statista in 2022, the United States has the highest gross adjusted household disposable income per capita at USD 54,854 dollars, Luxembourg at USD 49,860.7 dollars, Switzerland at 43,062 dollars, and Australia at USD 42,547.5 dollars. Whereas rising awareness towards renewable energy products and technological advancement & innovations create lucrative opportunities for the market. However, the higher cost of electric cookers hampers the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Electric Cooker Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing urbanization, rising disposable income, and growing demand for smart technologies. Whereas the Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increasing spending on advanced and smart appliances, and growing penetration of market players.
Major market players included in this report are:
- Philips
- Newell Brands
- Spectrum Brands
- Smeg
- Electrolux
- Panasonic
- Toshiba
- Hitachi
- Cuchen
- Midea
Recent Developments in the Market:
- In October 2021, Midea's landmark automatic rice cooker was launched at Canton Fair. It is fully automatic and used for smart cooking. The built-in infrared sensor technology automatically detects the rice quantity and controls the water quantity autonomously.
Global Electric Cooker Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Product, Application, Distribution Channel, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product Type:
- Low Volume
- Medium Volume
- Large Volume
By Application:
By Distribution Channel:
- Supermarkets/Hypermarkets
- Specialty Stores
- Online
- Other Distribution Channels
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Electric Cooker Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Electric Cooker Market, by Product, 2019-2029 (USD Billion)
- 1.2.3. Electric Cooker Market, by Application, 2019-2029 (USD Billion)
- 1.2.4. Electric Cooker Market, by Distribution Channel, 2019-2029 (USD Billion)
- 1.2.5.
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Electric Cooker Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Electric Cooker Market Dynamics
- 3.1. Electric Cooker Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising disposable income
- 3.1.1.2. Growing urbanization
- 3.1.2. Market Challenges
- 3.1.2.1. Higher cost of electric cooker
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising awareness towards renewable energy products
- 3.1.3.2. Technological advancement and innovations
Chapter 4. Global Electric Cooker Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Electric Cooker Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Electric Cooker Market by Product, Performance - Potential Analysis
- 6.3. Global Electric Cooker Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
- 6.4. Electric Cooker Market, Sub Segment Analysis
- 6.4.1. Low Volume
- 6.4.2. Medium Volume
- 6.4.3. Large Volume
Chapter 7. Global Electric Cooker Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Electric Cooker Market by Application, Performance - Potential Analysis
- 7.3. Global Electric Cooker Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 7.4. Electric Cooker Market, Sub Segment Analysis
- 7.4.1. Household
- 7.4.2. Commercial
Chapter 8. Global Electric Cooker Market, by Distribution Channel
- 8.1. Market Snapshot
- 8.2. Global Electric Cooker Market by Distribution Channel, Performance - Potential Analysis
- 8.3. Global Electric Cooker Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
- 8.4. Electric Cooker Market, Sub Segment Analysis
- 8.4.1. Supermarkets/Hypermarkets
- 8.4.2. Specialty Stores
- 8.4.3. Online
- 8.4.4. Other Distribution Channels
Chapter 9. Global Electric Cooker Market, Regional Analysis
- 9.1. Electric Cooker Market, Regional Market Snapshot
- 9.2. North America Electric Cooker Market
- 9.2.1. U.S. Electric Cooker Market
- 9.2.1.1. Product breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Distribution Channel breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Electric Cooker Market
- 9.3. Europe Electric Cooker Market Snapshot
- 9.3.1. U.K. Electric Cooker Market
- 9.3.2. Germany Electric Cooker Market
- 9.3.3. France Electric Cooker Market
- 9.3.4. Spain Electric Cooker Market
- 9.3.5. Italy Electric Cooker Market
- 9.3.6. Rest of Europe Electric Cooker Market
- 9.4. Asia-Pacific Electric Cooker Market Snapshot
- 9.4.1. China Electric Cooker Market
- 9.4.2. India Electric Cooker Market
- 9.4.3. Japan Electric Cooker Market
- 9.4.4. Australia Electric Cooker Market
- 9.4.5. South Korea Electric Cooker Market
- 9.4.6. Rest of Asia Pacific Electric Cooker Market
- 9.5. Latin America Electric Cooker Market Snapshot
- 9.5.1. Brazil Electric Cooker Market
- 9.5.2. Mexico Electric Cooker Market
- 9.6. Rest of The World Electric Cooker Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Philips
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Newell Brands
- 10.2.3. Spectrum Brands
- 10.2.4. Smeg
- 10.2.5. Electrolux
- 10.2.6. Panasonic
- 10.2.7. Toshiba
- 10.2.8. Hitachi
- 10.2.9. Cuchen
- 10.2.10. Midea
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption