Global Electric Rice Cooker Market was valued at US$ 4.2 Bn in 2018 and it is anticipated to Reach at market value of US

1. Global Electric Rice Cooker Market was valued at US$ 4.2 Bn in 2018 and it is anticipated to Reach at market value of US$ 1.16 Bn by 2027 Bizizz Market Research has recently published a research report, “Electric Rice Cooker Market Product (Multifunctional, Standard, Induction, and Others), Distribution Channel (Online and Offline), Application (Commercial and Household), and Region-Global Industry Trends, Estimation & Forecast, 2019 - 2027”. As per the report, Global Electric Rice Cooker Market was valued at US$ 4.2 Bn in 2018 and it is anticipated to Reach at market value of US$ 1.16 Bn by 2027, witnessing a CAGR of 6.8% during the forecast Period. Key drivers of the market are growing product recognition, uniform economic arrangement, and raw material availability Despite the excessive cost in contrast to everyday cookers, buyers are exhibiting a sturdy demand for electric rice cookers. This is leading to product premiumization and portfolio enlargement through market vendors. For example, some vendors are introducing smart electric powered rice cookers with built-in Wi-Fi connectivity which lets in users to control features through a smartphone app. The introduction of such clever premium points is helping companies to differentiate themselves from other opponents in the market. Also, product premiumization is facilitating better consumer engagement with sure brands and products, which will increase the chance of repeated sales from existing customers. Such strategies adopted with the aid of companies are expected to force the boom of the world electric powered rice cooker market all through the forecast period. The Electric Rice Cooker market is anticipated to register a CAGR of over 6.8% during the forecast period. To have a Glimpse of the Report or to avail the Free Sample Click the Link Below: https://www.bizizzmarketresearch.com/sample/global-electric-rice-cooker-market By Distribution Channel, Offline Segment held a prominent share in Global Electric Rice Cooker Market in 2018. The offline distribution channel segment will account for the highest electric rice cooker market share in the course of the forecast length owing to the growing income of these cookers from a number of specialty stores, department stores, hypermarkets, supermarkets, and warehouse clubs. Asia Pacific is anticipated to dominate the Global Electric Rice Cooker Market during the Forecast Period The APAC region will account for the largest electric rice cooker market revenue throughout the forecast period. The region will continue to dominate the market owing to the rising population and growth in disposable income. The APAC region will account for the largest electric rice cooker market revenue throughout the forecast period. The region will continue to dominate the market owing to the rising population and growth in disposable income. Global Electric Rice Cooker market was highly consolidated with key players accounting for significant share in 2018. Prominent players operating in the Global Electric Rice Cooker market are: Philips, Aroma Housewares Company, Toshiba Corporation, Sunbeam Products Inc., Panasonic, Bajaj Electricals, Cusinart, Tiger Corporation, and Zojirushi America Corporation, among others. Impact of COVID-19 on Economy, Industry and Company

2. The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries. At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions. Areas at which Bizizz Market Research would help decision makers are: a) Insights on current demand & supply gap analysis b) Impact on value chain and supply chain and strategies adopted to off set its impact c) Impact on Industry / company revenue and predictive intelligence on forecast sales d) In-depth analysis on market segmentation – both value and volume analysis e) Market assessment, regional and country attractiveness, competitive benchmarking and entry strategy f) Prioritizing strategies and how it would impact company’s short to long-term business outlook About Bizizz Market Research: Bizizz Market Research (BMR) is a unique market research, consulting, and business solution organization that offers best strategic and tactical support to customers to enhance their business decision process. BMR team is full of impassioned & dedicated experts who thrive to give their very best to their clients and always ready to take any challenge. Our expanding team of professionals & experts from a wide array of streams and vertical has critical problem solving skills, innovative approaches and research techniques to deliver best solution to our clients. We continuously pushing our capabilities to enhance our services and setting higher quality goals each day. BMR offers syndicated reports, custom reports and consulting services to our clients. We are capable of catering the market research demands of individuals and organizations of various industries across different geographies with utmost data accuracy in minimal turnaround time. Contact Us: Bizizz Market Research 410 E Santa Clara Street, Unit #762 San Jose, CA 95113

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