Global Electric Kettle Market Size to Exceed USD 2.97 Billion By 2033 | CAGR of 5.55%
Category: Electronics, ICT & MediaGlobal Electric Kettle Market to Exceed USD 2.97 Billion By 2033
According to a research report Published By Spherical Insights & Consulting, the Global Electric Kettle Market Size is Expected to Grow from USD 1.73 Billion in 2023 to USD 2.97 Billion by 2033, at a CAGR of 5.55% during the Forecast Period 2023-2033.
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Browse key industry insights spread across 210 pages with 130 Market data tables and figures & charts from the report on the " Global Electric Kettle Market Size, Share, and COVID-19 Impact Analysis, By Raw Material (Stainless Steel, Plastic, Glass, and Others), By Application (Residential and Commercial), By Distribution Channel (Online and Offline), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023-2033. " Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/electric-kettle-market
The electric kettle with steam visible in its transparent water container. In the 200–240 V mains electricity countries, electric kettles are typically used to heat water without requiring a stove top. The element is usually enclosed totally and has a 2–3 kW power rating. The growing demand for convenience in the face of busy lifestyles is one of the main drivers for the electric kettle market. Additionally, with the growing busier lifestyles of people, the demand for electric kettles rises as they save time in rapidly boiling water to make tea, coffee, and instant food. This convenience responds to the hurried living conditions in contemporary urban setups, and therefore, electric kettles have become a basic commodity in many homes seeking the ease and quickness of making hot drinks. Furthermore, the increasing popularity of smart domestic appliances, voice-activated controls provide a sophisticated and seamless customer experience. As the smart home trend continues, electric kettle makers with voice-activated controls have access to a growing market base, appealing to technology-conscious customers looking for creative and convenient products. However, manufacturers such as KitchenAid and Hamilton Beach respond to these issues by being open with information regarding materials, safety measures, and possible effects on water quality. The availability of various technologies pushes the electric kettle industry to move and innovate following changing consumer tendencies, affecting the market share as well as market growth
The stainless steel segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the raw material, the global electric kettle market is divided into stainless steel, plastic, glass, and others. Among these, the stainless steel segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by their durability, resistance to corrosion and rust, and effortless stain removal characteristics. Moreover, their versatility in shape and function, which often comprises fast-boiling and automatic shut-off capabilities, supports their leading position in the electric kettle market.
The residential segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on application, the global electric kettle market is categorized into residential and commercial. Among these, the residential segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to extensive household acceptance for daily use. Additionally, increased focus on health has also prompted more people to prepare their meals and beverages at home, further propelling the use of electric kettles.
The offline segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on distribution channels, the electric kettle market is segmented into online and offline. Among these, the offline segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to the most customers want to see, feel, and try out an electric kettle before buying it. Also, build quality, material, weight, and size are important to check, which is simpler in offline stores.
Asia-Pacific is expected to hold the majority share of the global electric kettle market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global electric kettle market during the forecast period. North America dominates the market because of energy-efficient appliances and will have a substantial market share in the coming years. Moreover, growth in consumer expenditure on kitchen appliances in emerging economies such as China, India, and Thailand lead to market expansion.
North America is anticipated to grow at the fastest pace in the global electric kettle market during the forecast period. North America's fast technological advancements in electric kettle design, such as energy-saving designs and features like temperature control, have affected more consumers. Furthermore, the spread of intelligent home appliances and the incorporation of electric kettles into smart kitchen systems have boosted their demand.
Major vendors in the global electric kettle market are Breville USA, Inc., Hamilton Beach Brands, Inc., Groupe SEB, Cuisinart, Electrolux, Morphy Richards India, Chef's Choice by EdgeCraft, Havells India Ltd, Koninklijke Philips N.V., Spectrum Brands, Bonavita, SUPOR, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the methyl phenyl silicone oil market based on the below-mentioned segments:
Global Electric Kettle Market, By Raw Material
- Stainless Steel
- Plastic
- Glass
- Others
Global Electric Kettle Market, By Application
- Residential
- Commercial
Global Electric Kettle Market, By Distribution Channels
- Online
- Offline
Global Electric Kettle Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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