There were 241 press releases posted in the last 24 hours and 259,281 in the last 365 days.

According to The Electric Kettle Market Analysis, the market is segmented on the basis of raw material, application, distribution channel, and region.

5933 NE WIN SIVERS DRIVE, PORTLAND, OR, UNITED STATES, October 6, 2022 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Electric Kettle Market" The Electric Kettle Market Size was valued at $4.06 billion in 2021, and is estimated to reach $6.08 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape.

Request The Free Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/24302

Rising purchase power, changes lifestyle and rapid urbanization are Electric Kettle Market Trends. Furthermore, the growing awareness about health benefits of using electric kettles and its multipurpose uses is supporting the market growth. Additionally, rising number of hotels, restaurants, hospitals, corporate office is positively influencing the market growth. Moreover, increase in inclination of consumers toward smart appliances that have multipurpose uses notably contributes toward the growth of the global market.

Additionally, companies provide electric kettles in a variety of sizes and with the capacity to boil between 0.5 and 2 litres of water, which has led to a wide range of product options for consumers, which creates enormous Electric Kettle Market Opportunity

Moreover, The number of internet users has risen along with the growth in internet consumption. Considering this, the majority of the market's key players for electric kettles intend to advertise their goods on social networking sites. As of results of their social media marketing strategy, electric kettle market is anticipated to witness significant Electric Kettle Market Growth.

According to The Electric Kettle Market Analysis, the market is segmented on the basis of raw material, application, distribution channel, and region. By raw material, the market is categorized into stainless steel, plastic, and glass.

The stainless steel segment was the highest contributor to the market, with $1,683.4 million in 2021, and is estimated to reach $2,433.1 million by 2031, at a CAGR of 3.8% during the forecast period. This is attributed to the fact that stainless steel kettle is widely used in cafés and restaurants. Moreover, stainless steel kettles are reasonably priced and include extra features such as auto shutoff and base cord storage temperature control, and other lighting features include illuminated blue switches etc., which boost the growth of this segment.

Based on application, the commercial segment held a significant share of 63.81% in the global market in 2021. This is attributed to increase in number of cafés, restaurants, and hotels in commercial complexes. Moreover, rapid development of the corporate sector is expected to fuel the demand for electric kettles. Electric kettles quickly boil water, which help restaurants and hotels to serve their customer quickly.

Depending on distribution channel, the offline segment dominated the market in 2021, accounting for 62.9% of the Electric Kettle Market Share, and is expected to retain its dominance throughout the Electric Kettle Market Forecast period. This is attributed to the fact that consumers are preferring products from various offline sales channels such as hypermarket/supermarket, specialty stores, and convenience stores.

Need a Discount? Getting Exclusive Discount And Free Consultation @https://www.alliedmarketresearch.com/purchase-enquiry/24302

Region wise, Europe was the prominent market in 2021, garnering maximum share, owing to high consumption of coffee and tea in majority of the European countries, including Germany, Italy, France, and Spain.

Key players are Aroma houseware company, Bajaj electrical limited, Breville group, Chef’s choice, Cuisinart, Hario company limited, Hamilton beach, Helen of troy limited , Morphy Richards, and Spectrum brands holding.

Key Findings of The Study:

○ On the basis of raw material, the glass segment is expected to exhibit the fastest growth during the forecast period. ○ Depending on type, the commercial segment dominated the Electric Kettle Industry in 2021. ○ By distribution channel, the online sales channel segment is expected to register the highest CAGR of 4.8%. ○ Region wise, Europe is expected to be the fastest growing segment during the forecast period with a CAGR of 4.5%.

Reasons to Buy This Electric Kettle Market Report:

○ Mergers and acquisitions should be well-planned by identifying the best manufacturer. ○ Sort new clients or possible partners into the demographic you’re looking for. ○ Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations. ○ Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene. ○ To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects. ○ Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge. ○ To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors.

○ Electric Water Bottle Market Industry and Future Estimations by 2027 ○ Electric Dryer Market by Manufacturer, Region, Type and Application Forecast to 2021-2030

○ Cooking Appliances Market Industry Analysis, Share, Growth, Trends and Forecasts 2019-2027 https://www.alliedmarketresearch.com/cooking-appliances-market

○ Sous Vide Cooking Appliances Market Growth Opportunities In Global Industry By 2027 https://www.alliedmarketresearch.com/sous-vide-cooking-appliances-market-A09392

○ Modular Kitchen Market Will Show An Increase Of By 2027, Report https://www.alliedmarketresearch.com/modular-kitchen-market-A08074

Source: https://www.dailyreportsworld.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned.

David Correa Allied Analytics LLP 800-792-5285 email us here Visit us on social media: Facebook Twitter LinkedIn

What Sets Us Apart ? - Allied Market Research

EIN Presswire's priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone's Internet News Presswire™, tries to define some of the boundaries that are reasonable in today's world. Please see our Editorial Guidelines for more information.

© 1995-2022 Newsmatics Inc. dba EIN Presswire All Right Reserved.