The future of the global electric rice cooker market looks promising with opportunities in the household and commercial applications. The global electric rice cooker market is expected to reach an estimated $4 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are increasing interest in healthy home-cooked meals, rising popularity of Asian cuisines, and expanding number of working individuals.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the electric rice cooker
market by product type (standard, multifunctional, induction, and others),
application (household, commercial, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will
grow at a faster pace and why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the
emerging trends in this market and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
standard, multifunctional, and induction are the major segments of electric
rice cooker market by product type. Lucintel forecasts that standard will
remain the largest segment over the forecast period due to its numerous
attributes, such as affordable, easy to use, and requiring minimal
maintenance.Within this market, household will remain the larger segment due to
increasing residential consumer inclinations towards quick and hassle-free rice
preparing devices.
APAC will remain the
largest region over the forecast period due to siginificant population demand
for rice-based dishes, growing disposable incomes, and rapid urbanization in
the region.
Panasonic, Toshiba,
Zojirushi, Cusinart, Bajaj Electricals, Philips, Tiger, Cusinart, Sunbeam
Products, and Aroma Housewares are the major suppliers in the electric rice
cooker market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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