Electric Kettle Market Size, Analysis, Share & Forecast 2031

Segments - Electric Kettle Market by Raw Materials (Stainless Steel, Plastic, and Glass), Applications (Residential and Commercial), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Trends, Size, And Forecast 2023 – 2031

Author : Debadatta Patel

Fact-checked by : PARTHA PAUL

Editor : Shruti Bhat

Report Description

The Global Electric Kettle Market size was valued at USD 18.23 Billion in 2022 and is expected to surpass USD 27.09 Billion by 2031, expanding at a CAGR of 4.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing production of advanced and innovative product variants of electric kettle.

Electric kettle is a water boiling appliance that has certain key features such as safety and comfort grip handling, easily visible light indicator, and quick time for heating-up. The product can be available in different sizes, which normally come with the capacity to boil water of 0.5 to 2 liters and different designs.

In general, the electric kettle can heat up the liquid inside to 100 degrees Celsius temperature in a short period of time, which reduces the total boiling time as compared to other conventional methods. The appliance can automatically turn its power off when the boiling water reaches its maximum degree. These appliances are designed to work on different powers of electrical energy levels including 220 to 230 volts and 2 to 3 kilowatts.

The portability of electric kettle is a key aspect that boost the demand for electric kettle at a significant rate. Increasing number of working population across the globe acts as a vital factor that lead to the rising adoption of the devices especially to save cooking time and manage their busy schedule at the same time. A huge number of consumers prefer to buy the device due to its hassle-free water boil process.

Market Trends, Drivers, Restraints, and Opportunities

Rising demand for the appliance from the working population and wide adoption of the appliance for the consumption of hot beverages with saving time are main factors driving the market growth.
High adoption of smart kitchen and rising production of advanced kitchen appliances due to technological advancements are projected to push the market expansion in the coming years.
Lucrative advertisements in various social media endorsed by several number of celebrities across the globe are expected to grow the market.
Rising awareness about energy conservation and increasing demand for energy-saving technology for boiling or cooking items among a large number of population worldwide present another key factor boosting the market.
Increase production of innovative and a variety of eco-friendly electric kettle for household applications is another key driver propelling the market expansion during the coming years.
Lack of awareness and knowledge about the usage and benefits of electric kettles may hamper the market growth during the analysis period.
Manufacturers are focusing on offering innovative options in electric kettles to meet the growing needs of customers across the globe present numerous opportunities for the market expansion.

Scope of Electric Kettle Market Report

The report on the global electric kettle market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been involved in this report.

Attributes	Details
Report Title	Global Electric Kettle Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Raw Materials (Stainless Steel, Plastic, and Glass) and Applications (Residential and Commercial)
Regional Scope	Asia Pacific, Europe, North America, Latin America, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Growth Factors, Competitive Landscape, and Trends, and Revenue Forecast
Key Players Covered in the Report	Breville USA, Inc.; Groupe SEB; Cuisinart; Hamilton Beach Brands, Inc.; Aroma Housewares Company; Conair; bonavitaworld; Chef's Choice; SUPOR; and Koninklijke Philips N.V.

Global Electric Kettle Market Segment Insights

Stainless-steel segment expected to witness a substantial growth

Based on raw materials, the market is divided into stainless steel, plastic, and glass. The stainless-steel segment constituted a revenue share of nearly USD 7.3 billion in 2020 and is expected to exhibit substantial growth in the coming years. The segment growth is attributed to wide demand for the product type due to its excellent properties such as durability and convenience to use.

Introduction of double-walled designs to prevent from exterior hot issues of the kettle is a key aspect for the segment growth. However, the plastic segment is projected to register a substantial CAGR of 6.2% from 2021 to 2028 owing to certain advantages of plastic materials such as lightweight and easy to carry.

Residential application segment is anticipated to account a major share

On the basis of applications, the market is classified into residential and commercial. The residential application segment is anticipated to account a major share during the forecast years. The rising working-class population at a global level is anticipated to promote the usage of kitchen appliances, which saves the users’ cooking time.

For instance, the device generally takes a boiling time of 2-4 minutes as compared to gas-operated stoves, which normally take around ten minutes. Additionally, the use of the device for household purpose is higher during winter than other seasons as consumers find it a handy alternative to make hot coffee or tea.

Commercial segment is estimated to expand at a CAGR of 6.1%

Meanwhile, the commercial segment is estimated to expand at a CAGR of 6.1% from 2021 to 2028. The device is broadly used in the hospitality industry as hotels and restaurants have to serve their customers quickly and provide their order at a warm temperature at the same time.

Asia Pacific is anticipated to account a major revenue share

In terms of regions, the global electric kettle market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to account a major revenue share over the coming years. Growing consumer spending on kitchen appliances from a large number of population in emerging economies such as China, India, and Thailand are contributing to the market expansion.

According to a report of the World Employment and Social Outlook, the number of working people has grown by 23 million between 2017 and 2019 in Asia Pacific. The market in China alone accounted for a revenue of USD 2 billion in 2019. Some of the prominent manufacturers are Mgintl group, Mickey, and Guangzhou Jitai Appliance Science & Technology Co., Ltd are the key players in the region. Meanwhile, the market in North America is predicted to expand at a CAGR of 5.1% from 2021 to 2028.

Segments

The global electric kettle market has been segmented based on

Raw Materials

Stainless Steel
Plastic
Glass

Applications

Residential
Commercial

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Competitive Landscape

Some prominent players of global electric kettle market include Breville USA, Inc.; Groupe SEB; Cuisinart; Hamilton Beach Brands, Inc.; Aroma Housewares Company; Conair; bonavitaworld; Chef's Choice; SUPOR; and Koninklijke Philips N.V. These companies are focusing on several business strategies such as product launch and entering into partnership or collaboration to get a competitive advantage in the market.

For instance, Malaysia-based JOVEN introduced BPA free electric kettle in October 2018, under the brand name, JK1701P. In May 2020, the Xiaomi introduced Mi electric kettle under MIJIA home products. The product can detect and shut off its power if the water is absent inside the kettle. Lately, a North America-based manufacturer, Secura launched a 100% stainless steel electric kettle with 1.8 quart capacity and double-wall mounted coating, which is enabled to boil water quicker and retain warm for a long period.

Electric Kettle Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Kettle Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Electric Kettle Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Electric Kettle Market - Supply Chain
  4.5. Global Electric Kettle Market Forecast
     4.5.1. Electric Kettle Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Electric Kettle Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Electric Kettle Market Absolute $ Opportunity
5. Global Electric Kettle Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Electric Kettle Market Size and Volume Forecast by Applications
     5.3.1. Residential
     5.3.2. Commercial
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Electric Kettle Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Electric Kettle Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Electric Kettle Demand Share Forecast, 2019-2026
7. North America Electric Kettle Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Electric Kettle Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Electric Kettle Market Size and Volume Forecast by Applications
     7.4.1. Residential
     7.4.2. Commercial
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Electric Kettle Demand Share Forecast, 2019-2026
8. Latin America Electric Kettle Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Electric Kettle Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Electric Kettle Market Size and Volume Forecast by Applications
     8.4.1. Residential
     8.4.2. Commercial
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Electric Kettle Demand Share Forecast, 2019-2026
9. Europe Electric Kettle Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Electric Kettle Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Electric Kettle Market Size and Volume Forecast by Applications
     9.4.1. Residential
     9.4.2. Commercial
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Electric Kettle Demand Share Forecast, 2019-2026
10. Asia Pacific Electric Kettle Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Electric Kettle Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Electric Kettle Market Size and Volume Forecast by Applications
     10.4.1. Residential
     10.4.2. Commercial
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Electric Kettle Demand Share Forecast, 2019-2026
11. Middle East & Africa Electric Kettle Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Electric Kettle Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Electric Kettle Market Size and Volume Forecast by Applications
     11.4.1. Residential
     11.4.2. Commercial
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Electric Kettle Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Electric Kettle Market: Market Share Analysis
  12.2. Electric Kettle Distributors and Customers
  12.3. Electric Kettle Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Breville USA, Inc.
     12.4.2. Groupe SEB
     12.4.3. Cuisinart
     12.4.4. Hamilton Beach Brands, Inc.
     12.4.5. Aroma Housewares Company
     12.4.6. Conair
     12.4.7. Bonavitaworld
     12.4.8. Chef's Choice
     12.4.9. SUPOR
     12.4.10. Koninklijke Philips N.V.