Over the course of the forecast period, the India electric rice cooker market is anticipated to expand rapidly. The significant production and consumption of rice in India is the main driver of the market. IoT and artificial intelligence have been incorporated into electrical appliances thanks to technology, and remote-controlled electric rice cookers have been introduced to the market. Rising consumer awareness of the need to conserve energy and cut back on household expenses is another factor that can be held accountable for the market’s expansion. This has caused the Indian population to switch from conventional to electrically powered rice cookers.
Based on type, capacity, distribution method, end user, geographic region, and company, the India electric rice cooker market is divided. The market is further divided into residential and commercial segments based on end users. Due to rising population and an increase in nuclear families, the residential segment is predicted to hold the largest market share in FY2021. Electric rice cookers are widely used in hotels and restaurants because they make the job convenient and require little supervision, but the commercial segment is anticipated to experience the highest CAGR during the forecast period.
Bajaj Electricals Limited, Hawkins Cookers Limited, TTK Prestige Limited, Panasonic India Pvt. Ltd., BMS Lifestyle, Toshiba India Pvt. Ltd., Kent Group, Pigeon Appliances Private Limited, Philips India Limited, Geek Robocook, Greenchef Appliances Limited, and others are major players in the India electric rice cooker market. To maintain their competitiveness in the market, major corporations are introducing new products and developing cutting-edge technologies. For instance, Greenchef Appliances Limited recently introduced the Greenchef RC01, a new 1.8-liter electric rice cooker with 230W of power consumption. New product developments and mergers and acquisitions are two additional competitive strategies.
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Key players in the global Rice Cookers market
Philips
Mitsubishi
Toshiba
Sanyo
Tiger
LG
Midea
Matsushita
ZOJIRUSHI
on the basis of types, the Rice Cookers market
Electric Rice Cookers
Gas Rice Cookers
on the basis of applications, the Rice Cookers market
Household
Commercial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions are covered
North America
United States
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific
China
Japan
South Korea
Australia
India
South America
Brazil
Argentina
Columbia
Middle East and Africa
UAE
Egypt
South Africa
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Key Benefits
The report provides a quantitative analysis of the current electric rice cooker market trends, estimations, and dynamics of the market size from 2018 to 2026 to identify the prevailing opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis and the market size and segmentation assists in determining the prevailing electric rice cooker market opportunities.
The major countries in each region are mapped according to their revenue contribution to the market.
The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the electric rice cooker industry.
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