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Electric Kettle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A3643
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Market Overview:
The global electric kettle market is expected to exhibit a growth rate (CAGR) of 4.5% during 2023-2028.
An electric kettle is a kitchen appliance that assists in boiling water that can be used for the preparation of tea, coffee, soups, and other beverages instantly. It is generally made using materials that help conduct heat efficiently, such as metals. It offers a control safety feature that automatically turns off the device after a certain amount of time, thereby avoiding electricity wastage. As it is convenient, portable, easy to use, time-effective, and energy-saving, it is gaining immense popularity among individuals over other water heating methods like stovetop kettles. Presently, its sales are increasing around the world as it is available in varied shapes, sizes and colorful enamel coatings.
Electric Kettle Market Trends:
Rising purchasing power, rapid urbanization, and changing lifestyles are catalyzing the demand for cost-efficient and lightweight, transparent electric kettles. As these kettles help meet energy targets, the growing awareness about energy conservation among individuals is supporting the market growth. Moreover, the increasing popularity of modern consumer durables and high-end electronic devices is escalating the adoption of electric kettles in the residential and commercial sectors. Additionally, the rising number of food and beverage (F&B) service outlets is positively influencing the market growth. The leading players are also developing innovative electric kettles with adjustable backlight, scheduled heating, power consumption monitors, and remote-control features. This, in confluence with the emerging smart home trend, is anticipated to boost the sales of electric kettles worldwide on account of their user-friendly interface, advanced characteristics, and aesthetic design.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global electric kettle market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on raw material and application.
Breakup by Raw Material:
- Stainless Steel
- Plastic
- Glass
- Others
Breakup by Application:
- Residential
- Commercial
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aroma Housewares Company, bonavitaworld.com, Breville USA Inc. (Breville Group Ltd), Chef's Choice, Electrolux AB, Hamilton Beach Brands Inc., Koninklijke Philips N.V., Morphy Richards Ltd, Zhejiang Supor Co. Ltd (Groupe SEB) and Zojirushi America Corporation (Zojirushi Corporation).
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Raw Material, Application, Region |
| Region Covered | Asia-Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Aroma Housewares Company, bonavitaworld.com, Breville USA Inc. (Breville Group Ltd), Chef's Choice, Electrolux AB, Hamilton Beach Brands Inc., Koninklijke Philips N.V., Morphy Richards Ltd, Zhejiang Supor Co. Ltd (Groupe SEB) and Zojirushi America Corporation (Zojirushi Corporation) |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the global electric kettle market to exhibit a CAGR of 4.5% during 2023-2028.
The increasing popularity of modern consumer durables and high-end electronic devices, along with the introduction of innovative electric kettles with adjustable backlight, scheduled heating, power consumption monitors, and remote-control features, is primarily driving the global electric kettle market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of electric kettles.
Based on the raw material, the global electric kettle market has been segregated into stainless steel, plastic, glass, and others. Among these, stainless steel currently holds the largest market share.
Based on the application, the global electric kettle market can be bifurcated into residential and commercial. Currently, residential exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global electric kettle market include Aroma Housewares Company, bonavitaworld.com, Breville USA Inc. (Breville Group Ltd), Chef's Choice, Electrolux AB, Hamilton Beach Brands Inc., Koninklijke Philips N.V., Morphy Richards Ltd, Zhejiang Supor Co. Ltd (Groupe SEB), and Zojirushi America Corporation (Zojirushi Corporation).
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