Market Overview

Global Multicooker Market 2018-2022| 25% CAGR Projection Over the Next Four Years| Technavio

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The global multicooker market 2018-2022 is expected to post a CAGR of
close to 25% during the forecast period, according to the latest market
research report by Technavio.

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Technavio has published a new market research report on the global multicooker market from 2018-2022 ...

Technavio has published a new market research report on the global multicooker market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is product innovation and
portfolio extension leading to premiumization. Multifunctional electric
cookers (also know as multicooker) with innovative features and
functionalities are more expensive than the regular cookers. Such
high-quality multipurpose cookers with integrated modern technologies
witness high demand from customers. Moreover, portfolio extension by
vendors also results in product premiumization.

This market research report on the global
multicooker market 2018-2022
also provides an analysis of the
most important trends expected to impact the market outlook during the
forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the integration of smart
connectivity in multicookers as one of the key emerging trends in the
global multicooker market:

Global multicooker market: Integration of smart
connectivity in multicookers

Vendors in the multicooker market are focusing on development and
continuous technological advancements in multicookers. One such trending
innovation is smart connectivity in multicookers through a wireless
connection (such as Wi-Fi and Bluetooth). Such smart multicookers can be
controlled and monitored through installed mobile apps in smart gadgets
such as tablets and smartphones. These smart cookers not only offer
convenience to the customers but also saves space in the kitchen as it
eliminates the requirement of purchasing separate kitchen appliances.

"While some vendors are still installing smart connectivity in their
products, certain vendors like Instant Pot, a brand of Instant Brands,
are already offering a Bluetooth-enabled multifunctional electric cooker
named Instant Pot Smart. This appliance can be connected using Bluetooth
for easy controlling and monitoring using smart gadgets like smartphone
or tablets,"
says a senior analyst at Technavio for research on
home, kitchen, and large appliances.

Global multicooker market: Segmentation analysis

This market research report segments the global multicooker market by
bowl capacity (bowl capacity 5-6 quarts, bowl capacity greater than 6
quarts, and bowl capacity less than 5 quarts), by distribution channel
(online and offline distribution), and geographical regions (APAC, EMEA,
and the Americas).

The Americas led the market in 2017 with a market share of more than
52%. The majority of the market share was mostly from the US, Canada,
and Mexico. The region is expected to continue to dominate the market
with a share of 58% by 2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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