Market Trends of Electric Kettle Industry
This section covers the major market trends shaping the Electric Kettle market according to our research experts:
Residential Segment is Likely to Dominate The Global Electric Kettle Market
The residential application segment accounted for nearly 85% of the total electric kettle market share in 2018. The worldwide growth of the working population is expected to boost the utility of kitchen appliances as it saves consumer time. As electric kettles are comparatively less time consuming when compared to normal gas stoves, the preference for the electric kettle is likely to increase among the household consumers.
The commercial application segment of the electric kettles is also increasing as they are being widely used across hotels and restaurants.
Asia Pacific is expected to Grow Higher among Regions in the Forecast Period
The Asia Pacific witnessed significant growth in the sales of electric kettles in 2018. In developing nations such as India and China, there is a rising demand for electric appliances due to the high concentration of working-class population, coupled with increasing consumer spending on kitchen appliances and better infrastructural facilities. This is expected to be a positive factor for fueling the growth of electric kettles.
Countries like China and Japan also offer a wide range of smart home appliances. China is one of the leading producers in the world for commercial and consumer home appliances. An increase in government initiatives for the usage of energy-efficient devices and increasing usage of electric home appliances are also anticipated to further boost the growth of electric kettles in the region.
