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Market Research Report

Global Residential Electric Fryers Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

Published On : 2017-09-11 Report Page : 210 Category:Consumer Retail

Global Residential Electric Fryers Market

Market Overview

Global residential electric fryers market is majorly driven by the consumers who crave for the crispy fried food served in restaurants but are not willing to pay steep prices and don’t want to visit restaurant every time. Wide range of electric fryers is provided by the manufacturers for varying needs of consumers. Growing awareness among consumers towards obesity and health concerns led the manufacturers to focus on new innovations and better product than deep fryers. In 2010, Philips developed and launched a new product in market named Air Fryer. The AirFryer was developed with the patented rapid air technology, which provides frying of crispy food that contains up to 80% less fat than conventional deep fryers.  The AirFryer technology produces less smell and vapors than traditional fryers, owing to innovative technology AirFryer was listed in the top 5 inventions of the 2010 IFA. The Airfryers became the great success and hike up the demand for low fat electric fryers in global electric fryers market. Airfryer technology was a success across the globe owing to range of food that could be fried with AirFryers. Smart products and innovative technologies are setting a new trend in electric kitchen appliances market, which is projected to accelerate the growth of global residential electric fryers market.    

Market Segmentation

  • By Product Types
  • Deep fat fryer
  • Air fryers
  • By Distribution Channels Type
  • Online Channels
  • Offline Channels
  • By Geography
  • North America (US, Canada) {Market Share (%), Market Size (USD Million), Sales (Units)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million) , Sales (Units)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Million) , Sales (Units)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million) , Sales (Units)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Sales (Units)}
  • Rest of the World{Market Share (%), Market Size (USD Million), Sales (Units)}

Growth Drivers and Challenges

The global electric fryers market is growing considerably owing to growing personal disposable income population in developing countries. For instance, disposable income levels are rising in world emerging economies such as Brazil and China due to growth in rising employment in service based industries. In China annual disposable income rose from USD 7,396 in 2009 to USD 14,198 in 2014 and Brazil's rise to USD 23,430 in 2014. Thus emerging market with growing disposable income is expected to drive the growth of residential electric fryers market in developing countries. In addition to this, technological advancements and new innovative products also impelled the growth of residential electric fryers market. Electric fryers for health conscious consumers and easy functionality of the products, has led to the development of smart and efficient equipments. Electric Fryers equipped with advanced technology, smart features and more energy efficiency of the products is anticipated to bolster the demand for residential electric fryers.

Ready-made food items which do not require any kind of frying, less advancement in deep fryer technology and multiple substitutes with affordable rates hinder the global residential electric fryers market.

Market Size and Forecast

The global residential electric fryers market valued more than USD 1.6 Billion in 2015 owing to growing disposable income population in Asia-Pacific and Latin America region. Global residential electric fryers market is expected to expand at a CAGR of 7.2% over the forecast period i.e. 2016-2024. Further the market is projected to reach USD 2.8 Billion by the end of 2024.

Geographically, North-America dominated global residential electric fryers market with more than 35% share of revenue in global market. North America region is expected to witness moderate growth rate owing to mature market of the region. North-America is closely followed by Europe with more than 30% market share, but Europe's share in market is expected to decline over the forecast period by witnessing the moderate sales of electric fryers in the region. Asia-Pacific region also shares significant market share owing to rapid urbanization and growing high personal disposable income population.

Key Players                                                                                                   

  • Koninklijke Philips N.V.
  • Synopsis
  • Business strategy
  • Product Portfolio
  • SWOT Analysis

· Cuisinart

· Havells

· Kenstar

· Tefal

· Waring

· Avalon Bay

· Brevilee

· Hamilton Beach Brands

· Jarden Consumer Solutions

Scope Background

Market Synopsis

Market Segmentation

The global residential electric fryers market is segmented as follows:

  • By Product Type (Market Size, Demand Analysis and Growth Analysis)
  • By  Distribution Channels Type (Market Size, Demand Analysis and Growth Analysis)

Global Residential Electric Fryers Market Report covered insights of below mentioned regions:

  • North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
  • Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
  • Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
  • Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
  • Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
  • Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments

Key Market Players

  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks


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