Technavio has been monitoring the multicooker market and it is
poised to grow by USD 1.32 billion during 2021-2025, progressing at
a CAGR of over 17% during the forecast period. The report offers an
up-to-date analysis regarding the current market scenario, the
latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market
research report titled Global Multicooker Market 2021-2025
(Graphic: Technavio)
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of
various industries; however, the immediate impact of the outbreak
is varied. While a few industries will register a drop in demand,
numerous others will continue to remain unscathed and show
promising growth opportunities. COVID-19 will have a low impact on
the multicooker market. The market growth in 2021 is likely to
increase compared to market growth in 2019.
Frequently Asked Questions:
- Based on segmentation by distribution channel, which is the
leading segment in the market? Offline is the leading segment in
the market.
- What are the major trends in the market? The product
convenience and multiple functions enabling a better cooking
experience are the major trends in the market.
- At what rate is the market projected to grow? The market is
projected to accelerate at a CAGR of over 17%.
- Who are the top players in the market? Corelle Brands LLC, Glen
Dimplex Group, Groupe SEB, Hamilton Beach Brands Holding Co.,
Koninklijke Philips NV, Newell Brands Inc., Panasonic Corp.,
REDMOND Industrial group, Spectrum Brands Holdings Inc., Whirlpool
Corp. are the top players in the market.
- What are the key market drivers and challenges? The market is
driven by product innovation and portfolio extension leading to
premiumization. However, the high existing penetration of
traditional cookers in developing countries will challenge
growth.
- How big is the North American market? 41% of the market’s
growth will originate from North America during the forecast
period.
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stainless-steel containers, and glass containers), and key vendors.
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The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Corelle Brands LLC, Glen
Dimplex Group, Groupe SEB, Hamilton Beach Brands Holding Co.,
Koninklijke Philips NV, Newell Brands Inc., Panasonic Corp.,
REDMOND Industrial group, Spectrum Brands Holdings Inc., and
Whirlpool Corp. are some of the major market participants. Although
the product innovation and portfolio extension leading to
premiumization will offer immense growth opportunities, factors
such as the high existing penetration of traditional cookers in
developing countries are likely to pose a challenge for the market
vendors. In a bid to help players strengthen their market foothold,
this multicooker market forecast report provides a detailed
analysis of the leading market vendors. The report also empowers
industry honchos with information on the competitive landscape and
insights into the different product offerings offered by various
companies.
Technavio's custom research reports offer detailed insights
on the impact of COVID-19 at an industry level, a regional level,
and subsequent supply chain operations. This customized report will
also help clients keep up with new product launches in direct &
indirect COVID-19 related markets, upcoming vaccines and pipeline
analysis, and significant developments in vendor operations and
government regulations.
Multicooker Market 2021-2025: Segmentation
The multicooker market is segmented as below:
- Distribution Channel
- Type
- 5-6 Quarts
- Less Than 5 Quarts
- Greater Than 6 Quarts
- Geography
- North America
- Europe
- APAC
- South America
- MEA
To learn more about the global trends impacting the future of
market research, download a free sample:
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Multicooker Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way
of study, synthesis, and summation of data from multiple sources.
The multicooker market report covers the following areas:
- Multicooker Market Size
- Multicooker Market Trends
- Multicooker Market Industry Analysis
This study identifies Product convenience and multiple functions
enabling a better cooking experience as one of the prime reasons
driving the multicooker market growth during the next few
years.
Technavio suggests three forecast scenarios
(optimistic, probable, and pessimistic) considering the impact of
COVID-19. Technavio’s in-depth research has direct and indirect
COVID-19 impacted market research reports.
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Multicooker Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist multicooker
market growth during the next five years
- Estimation of the multicooker market size and its contribution
to the parent market
- Predictions on upcoming trends and changes in consumer
behavior
- The growth of the multicooker market
- Analysis of the market’s competitive landscape and detailed
information on vendors
- Comprehensive details of factors that will challenge the growth
of multicooker market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020-2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline - Market size and forecast 2020-2025
- Online - Market size and forecast 2020-2025
- Market opportunity by Distribution channel
Market Segmentation by Bowl capacity
- Market segments
- Comparison by Bowl capacity
- 5-6 quarts - Market size and forecast 2020-2025
- Less than 5 quarts - Market size and forecast 2020-2025
- Greater than 6 quarts - Market size and forecast 2020-2025
- Market opportunity by Bowl capacity
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Corelle Brands LLC
- Glen Dimplex Group
- Groupe SEB
- Hamilton Beach Brands Holding Co.
- Koninklijke Philips NV
- Newell Brands Inc.
- Panasonic Corp.
- REDMOND Industrial group
- Spectrum Brands Holdings Inc.
- Whirlpool Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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version on businesswire.com: https://www.businesswire.com/news/home/20210121006010/en/
Technavio Research Jesse Maida Media & Marketing Executive
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