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Electric Kettle Market Share Growing at CAGR of 4.2%, and Revenue to Boost Cross $6.08 Billion by 2031

Electric Kettle Market 2021-2031

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

Europe is expected to be the fastest growing segment during the forecast period with a CAGR of 4.5%.โ€

โ€” Roshan Deshmukh

5933 NE WIN SIVERS DRIVE, PORTLAND, OR, UNITED STATES, October 11, 2023 /EINPresswire.com/ — ๐“๐ก๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐Š๐ž๐ญ๐ญ๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ณ๐ž ๐ฐ๐š๐ฌ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ $๐Ÿ’.๐ŸŽ๐Ÿ” ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ, ๐š๐ง๐ ๐ข๐ฌ ๐ž๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ž๐š๐œ๐ก $๐Ÿ”.๐ŸŽ๐Ÿ– ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ, ๐ ๐ซ๐จ๐ฐ๐ข๐ง๐  ๐š๐ญ ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ’.๐Ÿ% ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ.

According to a new report published by Allied Market Research, titled, โ€œElectric Kettle Market by Raw material, by Application, by Distribution channel: Global Opportunity Analysis and Industry Forecast, 2021-2031″. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porterโ€™s Five Forces, and competitive scenario.

๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: 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.

๐€๐œ๐œ๐จ๐ซ๐๐ข๐ง๐  ๐ญ๐จ ๐“๐ก๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐Š๐ž๐ญ๐ญ๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐ญ๐ก๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐จ๐ง ๐ญ๐ก๐ž ๐›๐š๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ซ๐š๐ฐ ๐ฆ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ, ๐š๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง, ๐๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐œ๐ก๐š๐ง๐ง๐ž๐ฅ, ๐š๐ง๐ ๐ซ๐ž๐ ๐ข๐จ๐ง. 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 cafรฉs 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.

๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐š๐ง๐ ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/33ba650e2f3204740c5fc6a82865dd01

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 cafรฉs, 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.

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, Chefโ€™s choice, Cuisinart, Hario company limited, Hamilton beach, Helen of troy limited , Morphy Richards, and Spectrum brands holding.

๐Š๐ž๐ฒ ๐…๐ข๐ง๐๐ข๐ง๐  ๐จ๐Ÿ ๐ญ๐ก๐ž ๐’๐ญ๐ฎ๐๐ฒ:

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

๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/purchase-enquiry/24302

๐‘๐ž๐š๐ฌ๐จ๐ง๐ฌ ๐ญ๐จ ๐›๐ฎ๐ฒ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐Š๐ž๐ญ๐ญ๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

โ—‹ Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
โ—‹ Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
โ—‹ Classify potential new clients or partners in the target demographic.
โ—‹ Develop tactical initiatives by understanding the focus areas of leading companies.
โ—‹ Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.
โ—‹ Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope.
โ—‹ Report will be updated with the latest data and delivered to you within 2-4 working days of order.
โ—‹ Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
โ—‹ Create regional and country strategies on the basis of local data and analysis.

๐…๐‘๐„๐๐”๐„๐๐“๐‹๐˜ ๐€๐’๐Š๐„๐ƒ ๐๐”๐„๐’๐“๐ˆ๐Ž๐๐’:

โ—‹ How much is the electric kettle market worth?
โ—‹ What is the trend in the electric kettle market?
โ—‹ What is the target market for electric kettle?
โ—‹ What is the market analysis of electric kettle?
โ—‹ What is the most expensive electric kettle company?
โ—‹ What is the largest electric kettle company in the world?

๐‘๐ž๐š๐ ๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  “๐€๐Œ๐‘ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

โ—‹ Europe Electric Kettle Market Opportunity Analysis and Industry Forecast, 2021-2031
โ—‹ Germany Electric Kettle Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/germany-electric-kettle-market-A24457

โ—‹ Canada Electric Kettle Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/canada-electric-kettle-market-A24454

โ—‹ Mexico Electric Kettle Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/mexico-electric-kettle-market-A24455

โ—‹ France Electric Kettle Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/france-electric-kettle-market-A24458

โ—‹ Spain Electric Kettle Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/spain-electric-kettle-market-A24460

โ—‹ Italy Electric Kettle Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/italy-electric-kettle-market-A24461

โ—‹ Russia Electric Kettle Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/russia-electric-kettle-market-A24462

โ—‹ India Electric Kettle Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/india-electric-kettle-market-A24465

David Correa
Allied Analytics LLP
+1 800-792-5285
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Originally published at https://www.einpresswire.com/article/661097042/electric-kettle-market-share-growing-at-cagr-of-4-2-and-revenue-to-boost-cross-6-08-billion-by-2031

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