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The global electric rice cooker market is projected to grow at a CAGR of 7.24% from a market size of USD4,392.573 million in 2019 to achieve a market size of USD6,681.283 million by 2025. We have covered all segments of this market like market size, share, growth, analysis in the market research report.<br>For more information, visit us:tt<br>https://www.knowledge-sourcing.com/report/global-electric-rice-cooker-market<br>
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Global Electric Rice Cooker Market Forecasts From 2020 To 2025
DESCRIPTION The global electric rice cooker market is projected to grow at a CAGR of 7.24% from a market size of USD4,392.573 million in 2019 to achieve a market size of USD6,681.283 million by 2025. The increasing shift of consumers to the adoption of energy-efficient cooking appliances is driving the market demand in the forecast period. The growing consumer electronics industry is further propagating the market demand in the forecast period. New product launches offering different types of electric cookers by the companies at the international level are propelling the market growth in the forecast period. The evolving living conditions of individuals globally is promoting the sales of smart kitchen appliances which include smart electric rice cooker, further burgeoning the market demand in the forecast period.
Some Key Questions Answered By The Report • What will be Global Electric Rice CookerMarket from 2020 to 2025? • How are the major drivers and restraints affecting the Global Electric Rice CookerMarket. • Growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why?
Rising Demand Which Impact On Market Growth The evolving buyer preferences with the evolving living conditions are paving way for the manufacturing companies to strengthen their R&D activities and experiment with different designs of rice cookers. For example, with the changing family sizes along with the busy lifestyle, consumers look for cookers with multifunction characteristics, further promoting the product innovations with an enhanced product portfolio in order to reach a wide range of customers worldwide. This product expansion strategy is being followed by many manufacturers in the global rice cooker market for expanding its product outreach and gathering a large consumer base.
Geography • North America • United States • Canada • Mexico • Others • South America • Brazil • Argentina • Others
Geography Europe • Germany • France • Italy • United Kingdom • Others Middle East and Africa • Israel • Saudi Arabia • UAE • Others Asia Pacific • Japan • China • India • Others
Segment Analysis • We have included all segments of this market in market research report. • The Global Electric Rice Cooker market has been segmented on the basis of type, capacity, end user, distribution channel and geography. • For complete segment information visit us https://www.knowledge-sourcing.com/report/global-electric-rice-cooker-market
Conclusion • Major players in the Global Electric Rice Cooker market have been covered along with their relative competitive position and strategies. • The report also mentions recent deals and investments of different market players over the last year. • The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Global Electric Rice Cookermarket.
COMPANY PROFILES Panasonic Corporation Toshiba Lifestyle Products & Services Corporation Zojirushi Corporation Bajaj Electricals Ltd Koninklijke Philips N.V.
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