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Research to Claim 7.3% CAGR for Rice Cooker Market | The Market Reports

The global Rice Cooker market was valued at US$ 5851.3 million in 2019 and is expected to reach US$ 9634.1 million by the end of 2026, growing at a CAGR of 7.3% during 2021-2026.

Rice cookers automate the process by mechanically or electronically controlling heat and timing, thus freeing up a space on the hob and the attention normally reserved for rice cooking.Although rice cookers do not necessarily speed up the cooking process, with a rice cooker the cook’s involvement in cooking rice is reduced to simply measuring the rice, preparing the rice properly and using the correct amount of water – the rest of the process is automated.

In the last several years, global market of Rice Cooker developed rapidly, with an average growth rate of 7.54% (2013-2018). In 2018, global revenue of Rice Cooker is nearly 5054 M USD; the actual production volume is about 134.4 M Units.

Global Rice Cooker Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Rice Cooker Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Midea, Joyoung, Supor(Seb), Philips, Zo Jirushi, Cuckoo, Tiger, Cuchen, Panasonic, Mitsubishi, Guangdong Galanz, Povos, Guangdong Peskoe, Aroma and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-rice-cooker-market-research-report

Segment by Type

  • Traditional Rice Cooker
  • IH Rice Cooker

Segment by Application

  • Household
  • Commercial

Table of Content:

1 Rice Cooker Market Overview

2 Rice Cooker Market Competition by Manufacturers

3 Rice Cooker Retrospective Market Scenario by Region

4 Global Rice Cooker Historic Market Analysis by Type

5 Global Rice Cooker Historic Market Analysis by Application

6 Key Companies Profiled

7 Rice Cooker Manufacturing Cost Analysis

8 Marketing Channel, Distributors and Customers

9 Rice Cooker Market Dynamics

10 Global Market Forecast

11 Research Finding and Conclusion

12 Methodology and Data Source

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