Electric Frying Pan Market: Application Analysis and Forecast (2023-2029) Trends, Statistics, Dynamics, Segmentation by Type, Application and Region

Electric Frying Pan Market was valued nearly US$ 1.42 Bn. in 2022. Global Electric Frying Pan Market size is estimated to grow at a CAGR of 3.56% & it is expected to reach at US$ 1.82 Bn. by 2029.
Electric Frying Pan Market Overview:
The global frying pan market is growing at a rapid rate. As a result, the Global Frying Pan Market is expected to continue to grow during the forecast period. The Global Frying Pan Market has grown as a result of several causes. The Global Frying Pan Market is expanding as demand for frying pans, which people use to fry their various uses, increases.

As the number of restaurants & hotels has increased, so has the demand for Frying Pan to meet the increasing number of people that visit them. Due to extensive R&D in the field of frying pans, manufacturers & producers can now produce these frying pans at a very low cost, resulting in a low advertised price for consumers, & therefore they may purchase these Frying Pan at a very low cost. The Global Frying Pan Market has also been stifled by a number of other variables. There are several substitutes for Frying Pan on the market nowadays, which is causing the Global Frying Pan Market to deteriorate.

The Hotel & Restaurant Industry's Inclusive Growth in India:

Tourism has boosted the hotel & restaurant industry in India & created several job possibilities. Due to its unique landscapes, beliefs, & societies, it also attracts the most tourists. India is divided into numerous states, each of which has its own distinct culture & customs inherited from ancestors. As a result, each state has its own cuisine. The hotel & restaurant industry in India has grown steadily over the previous two decades, and further growth is projected in the coming years. The amazing expansion of Quick Service Restaurants (QSR) is attributed to a shift in Indian eating habits, while it also helps meet the need of international tourists, as it caters to a variety of cuisines like Italian, Mexican, Chinese, & American. With a 16 percent growth rate, the number of F&B outlets has risen to over 1 Mn. Whereas QSR grew at a rate of 21%, recent reports claim that by 2023, food outlets will be worth almost Rs. 5 lakh crores, representing a 10% annual growth rate & contributing nearly 2.1 % to India's GDP.To know about the Research Methodology :- Request Free Sample Report

The growing popularity of modular kitchens, combined with rising living standards, is fueling demand for frying pan in both the commercial & residential sectors.

The residential building industry's rapid expansion is likely to be a major market driver. Consumer desire for space-saving, efficient storage which maximizes the use of limited spaces is predicted to increase, boosting product demand. In the limited area, these kitchen setups enable convenient & effective storage for basic kitchen commodities like utensils, appliances, & foodstuffs. Consumers have been moving away from the traditional all-white kitchen décor in favour of hues that are neither too light nor too dark in recent years. Colors like charcoal grey, champagne, and cream are becoming increasingly trendy in modern homes. Red is also being used by customers to improve the aesthetic of their kitchens. Consumers enjoy two-toned cabinet shutters & joint-free surfaces, so the open kitchen is gaining a lot of traction in the home.

By end of 2028, the majority of married people all over the world were choosing for modular kitchens. Similarly, consumers between the ages of 35 & 44 made for the majority of the market, followed by those between the ages of 25 & 34. On a global scale, the growing number of nuclear families has spurred the desire for space-saving, efficient furniture. In developing nations like India, Brazil, & China, rising concerns about sanitation & the use of numerous appliances are driving market expansion. Furthermore, as the number of organized retail chains in these nations grows, so does brand awareness in these countries. Because of its clutter-free and mild color palette, India is seeing a big increase in demand for European style products.

In terms of revenue, the offline distribution channel had the biggest market share of more than 70% in the year 2019. Direct sales, wholesale, & brick-and-mortar motor retail are the most common offline distribution channels used by manufacturers. The availability of a wide choice of products in these stores will continue to be one of the most important aspects in persuading more consumers to shop at brick-and-mortar stores. Producers have been developing a hybrid business model that combines physical & online retail during the last few years. From 2019 through 2025, the internet distribution channel is predicted to grow at a CAGR of 6.2 %. E-rapid commerce's rise in the home appliances market is predicted to promote product sales via online platforms. Furthermore, the global expansion of online merchants, particularly company-owned shopping portals, is likely to boost online sales growth during the forecast period.
Electric Frying Pan Market Regional Overview:
In the year 2022, Europe dominated the market, accounting for more than 30% of global revenue. The presence of significant manufacturers with a diverse product offering is expected to fuel growth. In terms of both production & consumption, Germany, the UK, Italy, Poland, & France are the most important regional markets. Eastern countries, on the other hand, are predicted to rise rapidly in the near future. From 2022 to 2029, APAC is predicted to have the highest CAGR of more than 10%. Rapid urbanization, as well as the construction industry's rapid rise in nations like India, China, Japan, Malaysia, & Indonesia, is a crucial driver of growth. To meet the increased regional product demand, worldwide brands are expanding their operations in this region.

The objective of the report is to present a comprehensive analysis of the Electric Frying Pan Market to the stakeholders in the Application. The past and current status of the Application with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the Application with a dedicated study of key players which include Market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the Application to the decision-makers.

The report also helps in understanding the Electric Frying Pan Market dynamics, structure by analyzing the Market segments and project the Electric Frying Pan Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Electric Frying Pan Market make the report investor’s guide.
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Electric Frying Pan Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 1.42 Bn.


Forecast Period 2023 to 2029 CAGR:
3.56%
Market Size in 2029:
US $ 1.82 Bn.


 Segments Covered:
by Type
• Stainless Steel
• Cast Iron
• Copper
• Others


by Application
• Household
• Commercial



Electric Frying Pan Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Major Players operating in the Global Electric Frying Pan Market are:
• NESCO
• De’longhi
• Zojirushi Corporation
• Krampouz
• West Bend
• Rival Company
• WMF Group
• Panasonic
• Midea
• Prestige
• Le Creuset
• Cooker King
• Others

Frequently Asked Questions:

1. Which region has the largest share in Global Electric Frying Pan Market?
Ans: Europe region held the highest share in 2022.

2. What is the growth rate of Global Electric Frying Pan Market?
Ans: The Global Electric Frying Pan Market is growing at a CAGR of 3.56% during forecasting period 2023-2029.

3. What is scope of the Global Electric Frying Pan Market report?
Ans: Global Electric Frying Pan Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Electric Frying Pan Market?
Ans: The important key players in the Global Electric Frying Pan Market are – NESCO, De’longhi, Zojirushi Corporation, Krampouz, West Bend, Rival Company, WMF Group, Panasonic, Midea, Prestige, Le Creuset, Cooker King, and Others

5. What is the study period of this Market?
Ans: The Global Electric Frying Pan Market is studied from 2022 to 2029.