Rice cookers automate the process by mechanically or electronically controlling heat and timing, thus freeing up a space on the hob and the attention normally reserved for rice cooking.Although rice cookers do not necessarily speed up the cooking process, with a rice cooker the cook's involvement in cooking rice is reduced to simply measuring the rice, preparing the rice properly and using the correct amount of water - the rest of the process is automated.
In the last several years, global market of Rice Cooker developed rapidly, with an average growth rate of 7.54% (2013-2018). In 2018, global revenue of Rice Cooker is nearly 5054 M USD; the actual production volume is about 134.4 M Units.
The global average price of Rice Cooker is in the upward trend along with the introduction of intelligent technologyn, from 32.85 USD/Unit in 2013 to 37.6 USD/Unit in 2018. With the situation of global economy and more investment on the manufacturing facility, prices will continue to keep rising trend in the following five years.
In terms of production, China has a monopoly position in the global market, China's production volume market share is close to 81% in 2018.
According to this study, over the next five years the Rice Cooker market will register a 7.1% CAGR in terms of revenue, the global market size will reach US$ 7100 million by 2024, from US$ 5050 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Rice Cooker business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Rice Cooker market by product type, application, key manufacturers and key regions and countries.
This study considers the Rice Cooker value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Traditional Rice Cooker
IH Rice Cooker
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Household
Commercial
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Midea
Joyoung
SUPOR(SEB)
PHILIPS
ZO JIRUSHI
Cuckoo
TIGER
CUCHEN
Panasonic
Mitsubishi
Guangdong Galanz
Povos
Guangdong Peskoe
Aroma
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Rice Cooker consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Rice Cooker market by identifying its various subsegments.
Focuses on the key global Rice Cooker manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Rice Cooker with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Rice Cooker submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
