Electric Cookers Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Electric Cookers market, covering key insights, market trends, and projections through the forecast period from 2023 to 2033. It includes detailed information about market size, segmentation, regional analysis, and industry leaders.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $5.10 Billion |
| CAGR (2023-2033) | 6.8% |
| 2033 Market Size | $10.02 Billion |
| Top Companies | Panasonic Corporation, Philips, Black + Decker, Zojirushi |
| Last Modified Date | 15 Nov 2024 |
Electric Cookers Market Report (2023 - 2033)
Electric Cookers Market Overview
What is the Market Size & CAGR of Electric Cookers market in 2023?
Electric Cookers Industry Analysis
Electric Cookers Market Segmentation and Scope
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Electric Cookers Market Analysis Report by Region
Europe Electric Cookers Market Report:
Europe is projected to expand from $1.34 billion in 2023 to $2.64 billion by 2033. The European market is driven by high consumer awareness of sustainable living and energy-efficient appliances, with key markets including Germany and the UK.Asia Pacific Electric Cookers Market Report:
The Asia Pacific region is a key market for electric cookers, valued at $1.03 billion in 2023, expected to double to $2.02 billion by 2033. Countries like China and India are leading in demand due to large populations and a growing trend towards modern kitchen appliances. Health-conscious cooking trends are further driving the market.North America Electric Cookers Market Report:
North America shows a strong market presence, valued at $1.94 billion in 2023, projecting growth to $3.81 billion by 2033. High adoption rates of electric cooking technology in the US, driven by a focus on convenience also contribute significantly to this growth.South America Electric Cookers Market Report:
The South American electric cookers market is valued at $0.31 billion in 2023, with projections showing a rise to $0.60 billion by 2033. Regional growth is supported by increasing disposable incomes and urbanization, especially in Brazil and Argentina.Middle East & Africa Electric Cookers Market Report:
The Middle East and Africa market for electric cookers is anticipated to grow from $0.49 billion in 2023 to $0.96 billion by 2033. Urbanization and the influence of expatriate populations are significantly altering cooking practices in this region.Request a custom research report for industry.
Electric Cookers Market Analysis By Type
Global Electric Cookers Market, By Type Market Analysis (2023 - 2033)
The electric cookers market, categorized by type, includes rice cookers, slow cookers, electric pressure cookers, and countertop cookers, which dominate the market landscape. Rice cookers are the largest segment, valued at $3.13 billion in 2023, expected to rise to $6.15 billion by 2033, sharing 61.32% of the market. Slow cookers are projected to grow from $1.43 billion to $2.81 billion, constituting 28.01% of the market. Electric pressure cookers make up 10.67% of the market, with projections indicating growth from $0.54 billion to $1.07 billion.
Electric Cookers Market Analysis By Fuel Type
Global Electric Cookers Market, By Fuel Type Market Analysis (2023 - 2033)
The electric cookers market predominantly comprises electric-powered models, reflecting a consumer preference for convenience and ease-of-use. The rise of induction cookers, classified under electric cookers, is notable, with market values rising from $0.94 billion in 2023 to $1.85 billion by 2033, holding an 18.5% market share.
Electric Cookers Market Analysis By End User
Global Electric Cookers Market, By End-User Market Analysis (2023 - 2033)
The market is segmented into residential and commercial users, with residential users leading at 81.5% market share in 2023. The residential segment is expected to grow from $4.16 billion in 2023 to $8.17 billion by 2033, driven by modern cooking preferences among households. Commercial applications, while smaller, are predicted to achieve similar growth from $0.94 billion to $1.85 billion.
Electric Cookers Market Analysis By Design
Global Electric Cookers Market, By Design Market Analysis (2023 - 2033)
The design segment of electric cookers includes countertop and built-in options. Countertop cookers dominate, with a substantial market presence; in 2023, they represent an 81.5% market share, valued at $4.16 billion and expected to rise to $8.17 billion by 2033. Built-in cookers capture a smaller share but are projected to grow from $0.94 billion to $1.85 billion.
Electric Cookers Market Analysis By Capacity
Global Electric Cookers Market, By Capacity Market Analysis (2023 - 2033)
Capacity segmentation reveals a focus on small and medium cookers. Small capacity cookers (up to 4 liters) are the most prevalent, with a market size of $3.13 billion in 2023, maintaining a 61.32% market share, and expected growth to $6.15 billion by 2033. Medium capacity cookers (4 to 8 liters) are expanding from $1.43 billion to $2.81 billion, holding 28.01% of the market. Large capacity cookers see a modest rise from $0.54 billion to $1.07 billion, with a 10.67% share.
Electric Cookers Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Electric Cookers Industry
Panasonic Corporation:
Renowned for its innovative kitchen technologies, Panasonic offers a diverse range of electric cookers that incorporate smart technology and energy-efficient features.Philips:
Philips focuses on consumer electronics and has established a strong presence in the electric cookers market through versatile and user-friendly designs.Black + Decker:
As a leader in home appliances, Black + Decker offers an extensive range of electric cookers, emphasizing quality and functionality.Zojirushi:
Specializing in rice cookers and electric cooking appliances, Zojirushi is known for its high-performance products favored by consumers.We're grateful to work with incredible clients.
