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The global electric kettle market size reached approximately USD 4.30 billion in 2023. The market is estimated to grow at a CAGR of 4.4% in the forecast period of 2024-2032, reaching a value of around USD 6.34 billion by 2032.
An electric kettle is a kitchen appliance which is used to provide quick heating of liquid such as water or tea. It is powered by electricity and contains a heating element which heats the liquid in comparatively less time than a stove.
Based on material, the market is divided into stainless steel, glass, and plastic, among others. On the basis of application, the market is bifurcated into residential and commercial.
On the basis of sales channel, the market is classified into supermarkets and hypermarkets, speciality stores, and online stores, among others. The major regional markets of electric kettle include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the electric kettle market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Stainless steel occupies a significant portion of the electric kettle market share as it offers excellent durability compared to other materials. This material is corrosion, scratch, and stain resistant and can last for a longer period. It also provides easy maintenance as it can be easily wiped down after every usage.
Several manufacturers are now offering double-walled stainless-steel kettles that can keep the liquid warm for a longer time. Additionally, plastics are expected to witness healthy growth in the coming years, due to their lightweight and portability.
As per the electric kettle market analysis, the Asia Pacific accounts for a substantial portion of the market share, due to increasing consumer spending on domestic appliances that can ease their day-to-day life. Factors such as the increasing working-class population, coupled with the rising purchasing power of consumers, also provide lucrative market growth opportunities.
Moreover, government initiatives to promote the use of energy-efficient devices, including electric kettles, also propel the market growth. For example, the star rating label on electric appliances in India aids consumers in making informed choices by offering them transparency in energy efficiency.
Koninklijke Philips N.V. or Philips, is a global technology leader, founded in 1891 and based in Amsterdam, the Netherlands. It offers its products in the automotive, personal care, household, health, and lighting sectors, among others. The company operates in over 100 countries in the divisions of connected care, diagnosis and treatment, and personal health.
Robert Bosch GmbH, established in 1886, is a multinational technology company, headquartered in Gerlingen, Germany. Some of its domestic appliances include dishwashers, washers, dryers, fridges and freezers, among others. The company incorporates a circular economy strategy throughout the entire lifecycle of its products to promote sustainability.
Midea Group Co. Ltd., incorporated in 1968 and based in Guangdong province, China, is an electric appliance company. It is a Fortune 500 company with over 60 branches and 200 subsidiaries overseas. Its electric kettle range offers 6 smart temperature options and a quality thermostat which offers rapid boiling to save electricity.
Other electric kettle market players include Electrolux AB, Conair LLC, Breville USA, Inc., Aroma Housewares Company, Hamilton Beach Brands, Inc., Bajaj Electricals Limited, Hangzhou Jiuchuang Household Appliances Co., Ltd., and Bonavita, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Material |
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Breakup by Application |
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Breakup by Sales Channel |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 4.30 billion.
The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 6.34 billion by 2032.
The major market drivers are the growing demand for convenient domestic appliances, the rising adoption of electric kettles for multipurpose cooking, and the rise in disposable incomes.
The key trends of the market include the growing adoption of electric kettles by the working-class population, advancements in safety functions of electric kettles, the rising popularity of smart features in electric kettles, and the launch of innovative electric kettles by market players, which offer enhanced efficiency.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various materials are stainless steel, glass, and plastic, among others.
The key players in the market are Koninklijke Philips N.V., Robert Bosch GmbH, Midea Group Co. Ltd., Electrolux AB, Conair LLC, Breville USA, Inc., Aroma Housewares Company, Hamilton Beach Brands, Inc., Bajaj Electricals Limited, Hangzhou Jiuchuang Household Appliances Co., Ltd., and Bonavita, among others.
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