Electric Kettle Market Analysis to Grow at a CAGR of 7.10% During the Forecast 2024 to 2034

NEW YORK - May 1, 2024 - PRLog -- The latest market report published by Credence Research, Inc. The electric kettle market is anticipated to witness substantial growth, with its valuation expected to rise from USD 19,063.8 million in 2023 to USD 35,879.44 million by 2032. This expansion reflects a compound annual growth rate (CAGR) of 7.10%.

In the realm of kitchen appliances, the electric kettle stands out as a quintessential example of innovation meeting convenience. Offering speed, efficiency, and ease of use, electric kettles have become a staple in households worldwide, revolutionizing the way we prepare hot beverages and foods. As consumer preferences shift towards faster and more energy-efficient appliances, the electric kettle market is witnessing significant growth and evolution.

The electric kettle market is driven by several factors, with convenience and time-saving benefits being at the forefront. Unlike traditional stovetop kettles, electric kettles eliminate the need for a stove and heat water rapidly with the push of a button. This feature resonates with busy consumers seeking quick and hassle-free solutions for their daily routines, whether it's brewing morning coffee, preparing instant noodles, or making tea.

Moreover, the growing trend towards health and wellness has fueled demand for electric kettles with temperature control features. These kettles allow users to precisely adjust the water temperature for different types of tea, coffee, or infant formula, ensuring optimal flavor extraction and nutritional value.

The electric kettle market offers a plethora of options to cater to diverse consumer preferences and lifestyle needs. From basic models with simple on/off switches to high-end kettles equipped with digital displays, programmable settings, and keep-warm functions, consumers have a wide range of choices to suit their specific requirements.

Browse the full report at https://www.credenceresearch.com/report/electric-kettles-market

Furthermore, the market features a variety of designs and materials, including stainless steel, glass, and plastic, catering to both aesthetic preferences and functional considerations. Sleek and modern designs complement contemporary kitchen decor, while durable materials ensure longevity and ease of maintenance.

Major Players are:

• Koninklijke Philips N.V.
• Aroma Housewares Company
• Conair Corporation
• Hamilton Beach Brands, Inc.
• SEB SA company
• Breville USA, Inc.
• Cuisinart
• Bonavitaworld
• KENT RO Systems Ltd.
• EdgeCraft Corporation

By Segmentation

By Type of Material:

• Stainless Steel
• Glass
• Plastic
• Others

By End-Use:

• Residential
• Commercial

By Distribution Channel:

• Online
• Offline

By Region

• North America
• Europe
• Asia Pacific
• Rest of World