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PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1274841

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PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1274841

India Electric Rice Cooker Market, By Type ; By Capacity ; By Distribution Channel ; By End User, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

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India Electric Rice Cooker Market Size Set to Touch USD 302.16 million by 2029.

India electric rice cooker market is flourishing because of a spurring demand for quick, convenient, and easy kitchen appliances driven by increasingly favorable demographic trends across the country.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India electric rice cooker market size at USD 201.3 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India electric rice cooker market size to grow at a significant CAGR of 6.09% reaching a value of USD 302.16 million by 2029. Major growth drivers for the India electric rice cooker market include an increasing number of households that have both working adults, which has led to a higher demand for quick and easy meal solutions. Electric rice cookers have become more affordable, making them accessible to a wider range of consumers. Another factor contributing to the growth of the electric rice cooker market in India is the increasing popularity of multi-cookers, which can cook not just rice, but also other types of dishes, such as biryanis, curries, and soups. Multi-cookers offer convenience and versatility, which has made them a popular choice among consumers. The India electric rice cooker market is also expected to record significant growth during the forecast period, owing to the rapid adoption of technology advancements and an increase in the number of nuclear families. The market is also being driven by the incorporation of new and unique features in electric rice cookers, such as the integration of the Internet of Things (IoT) to connect these devices. These developments have contributed to the expansion of the electric rice cooker market. Key market players are striving to meet the growing demand by introducing innovative products and expanding their existing product range. However, high cost of electric rice cookers and lack of standardization are anticipated to restrain the overall market growth during the period in analysis.

India Electric Rice Cooker Market - Overview:

The electric rice cooker market refers to the industry that involves the production, distribution, and sale of electric appliances used specifically for cooking rice. These appliances are designed to automate the rice cooking process and offer a convenient and time-saving solution for households. The market includes various types of electric rice cookers, ranging from basic models with simple features to advanced multi-cookers with a variety of functions. The market is driven by factors such as convenience, affordability, and the increasing demand for quick and easy meal solutions. Major players in the electric rice cooker market offer a wide range of products, from budget-friendly options to high-end models with advanced features.

Impact of COVID-19 on India Electric Rice Cooker Market

COVID-19 pandemic adversely affected the electric rice cooker market in India. It disrupted supply chains, leading to shortages of raw materials and components necessary to manufacture the appliances. It has resulted in delayed production and increased prices for some models, potentially discouraging some consumers from purchasing them. Additionally, reduced consumer spending caused by the economic impact of the pandemic may have also affected the market. Despite these challenges, the market has recovered and continues to grow in the long term as demand for convenient kitchen appliances remains high. Also, the pandemic has resulted in an increased demand for electric rice cookers as a greater number of people are staying at and working from home and have begun cooking.

India Electric Rice Cooker Market - By Type:

By type, the India electric rice cooker market is divided into Standard, Multifunction, and Induction Heat segments. The standard electric rice cooker segment holds the highest share in the India electric rice cooker market primarily, as it is the most affordable and widely available type of electric rice cooker. Standard electric rice cookers are relatively simple in design and function, with basic features such as a heating plate and a switch to turn the cooker on and off. They are also easy to operate, requiring minimal expertise or training to use. Also, traditional cooking methods are still popular in many parts of India, where many households still cook rice on the stove using a pot or pressure cooker. Therefore, the affordability and simplicity of standard electric rice cookers make them a more accessible and practical choice for many consumers, particularly in lower-income households or in rural areas where access to other types of electric rice cookers may be limited.

Competitive Landscape:

Major players operating in the India electric rice cooker market include: Philips India Limited, Bajaj Electricals Ltd, TTK Prestige Limited, STOVE KRAFT LIMITED, Panasonic India Pvt Ltd, USHA INTERNATIONAL LIMITED, Havells India Ltd., Butterfly Gandhimathi Appliances Limited, Toshiba Lifestyle Products and Services Corporation, and KENT RO SYSTEMS LTD. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Electric Rice Cooker Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Electric Rice Cooker Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23377

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Executive Summary

3. India Electric Rice Cooker Market Insights

  • 3.1. Industry Value Chain Analysis
  • 3.2. DROC Analysis
    • 3.2.1. Growth Drivers
      • 3.2.1.1. Rising the number of nuclear families
      • 3.2.1.2. Growing demand for quick, convenient, and easy kitchen appliances
    • 3.2.2. Restraints
      • 3.2.2.1. High cost of electric rice cookers
      • 3.2.2.2. Lack of Standardization
    • 3.2.3. Opportunity
      • 3.2.3.1. Shifting trend towards purchasing cooking appliances
      • 3.2.3.2. Shifting consumer preferences towards ready to eat food
    • 3.2.4. Challenges
      • 3.2.4.1. Issues associated with capacity electric rice cooker
  • 3.3. Technology Advancements/Recent Developments
  • 3.4. Regulatory Framework
  • 3.5. Porter's Five Forces Analysis
    • 3.5.1. Bargaining Power of Suppliers
    • 3.5.2. Bargaining Power of Buyers
    • 3.5.3. Threat of New Entrants
    • 3.5.4. Threat of Substitutes
    • 3.5.5. Intensity of Rivalry

4. India Electric Rice Cooker Market Overview

  • 4.1. Market Size & Forecast by Value & Volume, 2019-2029
    • 4.1.1. By Value (USD Million)
  • 4.2. Market Share & Forecast
    • 4.2.1. By Type
      • 4.2.1.1. Standard
      • 4.2.1.2. Multifunction
      • 4.2.1.3. Induction Heat
      • 4.2.1.4. Others
    • 4.2.2. By Capacity
      • 4.2.2.1. Small Volume
      • 4.2.2.2. Medium Volume
      • 4.2.2.3. Large Volume
      • 4.2.2.4. Extra Large Volume
    • 4.2.3. By Distribution Channel
      • 4.2.3.1. Supermarket/Hypermarket
      • 4.2.3.2. Specialty Store
      • 4.2.3.3. E-commerce
      • 4.2.3.4. Others
    • 4.2.4. By End User
      • 4.2.4.1. Residential
      • 4.2.4.2. Commercial

5. India Electric Rice Cooker Market Overview

  • 5.1. Market Size & Forecast by Value & Volume, 2019-2029
    • 5.1.1. By Value (USD Million)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Type
    • 5.2.2. By Capacity
    • 5.2.3. By Distribution Channel
    • 5.2.4. By End User

6. Competitive Landscape

  • 6.1. List of Key Players and Their Offerings
  • 6.2. India Electric Rice Cooker Company Market Share Analysis, 2022
  • 6.3. Competitive Benchmarking, By Operating Parameters
  • 6.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)

7. Impact of Covid-19 on India Electric Rice Cooker Market

8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)

  • 8.1. Philips India Limited
  • 8.2. Bajaj Electricals Ltd
  • 8.3. TTK Prestige Limited
  • 8.4. STOVE KRAFT LIMITED
  • 8.5. Panasonic India Pvt Ltd
  • 8.6. USHA INTERNATIONAL LIMITED
  • 8.7. Havells India Ltd.
  • 8.8. Butterfly Gandhimathi Appliances Limited
  • 8.9. Toshiba Lifestyle Products and Services Corporation
  • 8.10. KENT RO SYSTEMS LTD
  • 8.11. Other Prominent Players

9. Key Strategic Recommendations

10. Research Methodology

  • 10.1. Qualitative Research
    • 10.1.1. Primary & Secondary Research
  • 10.2. Quantitative Research
  • 10.3. Market Breakdown & Data Triangulation
    • 10.3.1. Secondary Research
    • 10.3.2. Primary Research
  • 10.4. Breakdown of Primary Research Respondents, By Region
  • 10.5. Assumption & Limitation

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

Product Code: BWC23377

List of Figures

  • Figure 1 India Electric Rice Cooker Market Segmentation
  • Figure 2 India Electric Rice Cooker Market Value Chain Analysis
  • Figure 3 Company Market Share Analysis, 2022
  • Figure 4 India Electric Rice Cooker Market Size, By Value (USD Billion), 2019-2029
  • Figure 5 India Electric Rice Cooker Market Share, By Type, By Value, 2019-2029
  • Figure 6 India Electric Rice Cooker Market Share, By Capacity, By Value, 2019-2029
  • Figure 7 India Electric Rice Cooker Market Share, By Distribution Channel, By Value, 2019-2029
  • Figure 8 India Electric Rice Cooker Market Share, By End User, By Value, 2019-2029

List of Tables

  • Table 1 India Electric Rice Cooker Market Size, By Type, By Value, 2019-2029
  • Table 2 India Electric Rice Cooker Market Size, By Capacity, By Value, 2019-2029
  • Table 3 India Electric Rice Cooker Market Size, By Distribution Channel, By Value, 2019-2029
  • Table 4 India Electric Rice Cooker Market Size, By End User, By Value, 2019-2029
  • Table 5 Philips India Limited Company Overview
  • Table 6 Philips India Limited Financial Overview
  • Table 7 Bajaj Electricals Ltd Company Overview
  • Table 8 Bajaj Electricals Ltd Financial Overview
  • Table 9 TTK Prestige Limited Company Overview
  • Table 10 TTK Prestige Limited Financial Overview
  • Table 11 STOVE KRAFT LIMITED Company Overview
  • Table 12 STOVE KRAFT LIMITED Financial Overview
  • Table 13 Panasonic India Pvt Ltd Company Overview
  • Table 14 Panasonic India Pvt Ltd Financial Overview
  • Table 15 USHA INTERNATIONAL LIMITED Company Overview
  • Table 16 USHA INTERNATIONAL LIMITED Financial Overview
  • Table 17 Havells India Ltd. Company Overview
  • Table 18 Havells India Ltd. Financial Overview
  • Table 19 Butterfly Gandhimathi Appliances Limited Company Overview
  • Table 20 Butterfly Gandhimathi Appliances Limited Financial Overview
  • Table 21 Toshiba Lifestyle Products and Services Corporation Company Overview
  • Table 22 Toshiba Lifestyle Products and Services Corporation Financial Overview
  • Table 23 KENT RO SYSTEMS LTD Company Overview
  • Table 24 KENT RO SYSTEMS LTD Financial Overview
  • Table 25 Prestige Company Overview
  • Table 26 Prestige Financial Overview
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