Industry Background:
Over the past few decades, as cooking gas prices shot up and people began looking for an efficient alternative with technological advancement. The electric rice cooker is an electrical kitchen appliance used for cooking rice of short, long, medium-grain, it saves a lot of time, offers accurate cooking, energy-efficient and so on. Moreover, it also used to make other foods that need to be steamed, including, idlis, steamed vegetables, dumplings and certain varieties. The demand for multifunctional electric rice cooker easy to use, clean, further comprising a food steaming, boiling, stewing, simmering and other operating functions is increasing among the individuals has to boom the demand.
This growth is primarily driven by Growing Number of Working People Boosted the Demand for the Electric Cooker, Increasing Rice Consumption in a Majority of Asian Countries and Growing Demand of Labor-Saving Devices in the Kitchen.
Globally, a noticeable market trend is evident The trend for the Multifunctinality Electric Rice Cooker Is Increasing
. Major Vendors, such as Toshiba Corporation (Japan), Bajaj Electricals (India), Pigeon Corporation (Japan), Cusinart (United States), Tiger Corporation (Japan), Sunbeam Products (United States), Aroma Housewares (United States), ELECTROLUX (Sweden), Hamilton Beach Brands (United States), Koninklijke Philips (Netherlands) and Panasonic (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Growing Number of Working People Boosted the Demand for the Electric Cooker
- Increasing Rice Consumption in a Majority of Asian Countries
- Growing Demand of Labor-Saving Devices in the Kitchen
Market Trend
- The trend for the Multifunctinality Electric Rice Cooker Is Increasing
- Use of Internet of Things Facilitating Minimal Intervention by Remote Control Is Trending
Restraints
- Electric Rice Cooker Are Generally More Expensive Than Traditional Cookers
Opportunities
Electric Rice Cookers With Integrate Modern Technologies, Innovations, and Multiple Functionalities Are Prompting the Opportunities of Growth for Regional Vendors
Challenges
Ongoing Competition between Market Players for the Substitute Electric Rice Cooker and Availability of Low-Quality Substitute for Electric Rice Cooker
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Electric Rice Cooker Study Sheds Light on
The Electric Rice Cooker Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Electric Rice Cooker industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electric Rice Cooker industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.