Electric Kettle Market Size, Share, Industry Trends and Forecast to 2033
This market report provides comprehensive insights into the Electric Kettle industry, covering market conditions, size, growth trends, and forecasts from 2023 to 2033. It addresses key segments and highlights influential trends affecting consumer preferences.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $3.80 Billion |
| CAGR (2023-2033) | 4.8% |
| 2033 Market Size | $6.13 Billion |
| Top Companies | Breville Group, Hamilton Beach, Cuisinart |
| Last Modified Date | 15 Nov 2024 |
Electric Kettle Market Report (2023 - 2033)
Electric Kettle Market Overview
What is the Market Size & CAGR of Electric Kettle market in 2023?
Electric Kettle Industry Analysis
Electric Kettle Market Segmentation and Scope
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Electric Kettle Market Analysis Report by Region
Europe Electric Kettle Market Report:
The European sector is forecasted to expand from $0.99 billion in 2023 to $1.60 billion by 2033. This growth is attributed to high consumer awareness regarding energy efficiency and innovation in kitchen technology, predominantly seen in Western European countries.Asia Pacific Electric Kettle Market Report:
The Asia Pacific region is projected to grow from $0.83 billion in 2023 to $1.34 billion by 2033. The growth is spurred by a surge in urbanization, increased disposable income, and a growing dining culture that emphasizes convenience. Countries like China and India are key contributors to this growth, with a rising middle-class population eager to adopt advanced home appliances.North America Electric Kettle Market Report:
North America is estimated to grow from $1.30 billion in 2023 to $2.09 billion by 2033. A strong market for premium appliances exists as consumers prioritize quality and performance. Furthermore, the popularity of specialty coffees and teas among consumers supports continued growth in the electric kettle category.South America Electric Kettle Market Report:
In South America, the electric kettle market is anticipated to grow from $0.22 billion in 2023 to $0.35 billion by 2033. The market is primarily driven by increasing consumer spending on kitchen appliances and a growing preference for home-cooked meals among younger demographics.Middle East & Africa Electric Kettle Market Report:
The Middle East and Africa market is expected to rise from $0.47 billion in 2023 to $0.76 billion by 2033. Urbanization and increased awareness of home appliances’ convenience contribute significantly to this growth as lifestyles shift towards modern cooking.Request a custom research report for industry.
Electric Kettle Market Analysis By Type
Global Electric Kettle Market, By Type Market Analysis (2023 - 2033)
The market dominated by standard electric kettles, expected to grow from $2.44 billion in 2023 to $3.94 billion by 2033, accounting for over 64% of the market share. Multi-feature electric kettles are also gaining a foothold with significant growth prospects, increasing from $0.92 billion to $1.48 billion during the same period, while travel electric kettles represent a niche segment with a share of 11.52%.
Electric Kettle Market Analysis By Material
Global Electric Kettle Market, By Material Market Analysis (2023 - 2033)
Stainless steel remains the dominant material, accounting for $2.44 billion in 2023 and projected to rise to $3.94 billion by 2033. Glass kettles are gaining popularity for their aesthetic and functional appeal, growing from $0.92 billion to $1.48 billion, while plastic kettles hold approximately 11.52% of the market share.
Electric Kettle Market Analysis By Capacity
Global Electric Kettle Market, By Capacity Market Analysis (2023 - 2033)
Kettles with less than 1 liter capacity dominate the market, showing growth from $2.44 billion in 2023 to $3.94 billion by 2033. The 1 to 2-liter segment showcases significant demand growth, expected to rise from $0.92 billion to $1.48 billion, while kettles over 2 liters hold a smaller share but show increased functionality.
Electric Kettle Market Analysis By Price Range
Global Electric Kettle Market, By Price Range Market Analysis (2023 - 2033)
Budget kettles under $30 lead the segment, maintaining a strong market presence from $2.44 billion to $3.94 billion, while mid-range kettles are projected to grow from $0.92 billion to $1.48 billion, catering to a health-conscious demographic seeking quality without premium pricing.
Electric Kettle Market Analysis By End User
Global Electric Kettle Market, By End-User Market Analysis (2023 - 2033)
In the end-user segment, household consumption leads, expected to maintain stable demand and growth. The commercial segment is also significant, especially in cafes and restaurants, increasing from $0.92 billion in 2023 to $1.48 billion due to rising trends in beverage consumption.
Electric Kettle Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Electric Kettle Industry
Breville Group:
Breville is known for its high-quality kitchen appliances, including innovative electric kettles that combine functionality with stylish design.Hamilton Beach:
Hamilton Beach offers budget-friendly electric kettles, focusing on utility and efficiency, making them popular among value-conscious consumers.Cuisinart:
Cuisinart specializes in premium kitchen products and is recognized for its sleek electric kettles that appeal to design-oriented consumers.We're grateful to work with incredible clients.
