Cookers play a vital role in cuisine throughout the region and in the household sector in particular. In contrast to other cooking utensils, these are economically fuel-efficient parts, and they are used in many areas of the kitchen in numerous applications. It saves cooking time, and the use of electricity and gas helps to save cooking energy. During the projected period, these issues will favorably affect product demand. Increasing awareness of gas and power conservation among consumers has intensified the adoption of alternate ways of cooking such as the usage of cookers, which may cut cooking time by some 70%. The demand for cookers has been affected positively by product improvements such as highly emissive flames and electric burners. With the advent of the COVID-19 pandemic, there was a negative effect on the cookers market. The customer, with high availability income and a strong interest in premium kitchen appliances, has shifted their focus to necessary facilities to enable them to endure the tenure of lockdown.
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COVID-19 Impact Analysis
There was a negative effect on the cookers market due to the COVID-19 pandemic. The demand for cookers decreased during these days due to the lack of stocks and disrupted distribution channels.
The restaurants were closed because the lockdown restricted consumers to the fine dining experience, discouraging new cookers requirements.
The consumers who have high availability and a high level of interest in designer cookers have shifted their interest to essential products to help them over the lockdown period.
Top Impacting Factors
Due to the hectic lifestyle, customers have recently become more inclined towards the use of convenience items. The lack of time for cooking meals has made cookers one of the consumer's most desired devices. An increasing number of working women has increased their reliance on easy-to-handle and time-consuming electrical equipment in the industry. The surge in demand for convenience appliances resulted in the growth of the cookers market.
One of the main disadvantages of a pressure cooker is that users do not monitor how well the cooking has progressed. Many consumers often remark that the food is overdone and wet. For the holder to properly settle and build pressure, the sealing ring must also be in acceptable condition. These issues might affect the sales of the cooker and reduce the growth of the cooker market.
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The Demand for Electric Cookers is Higher than Other Types of Cookers in the Market
Progress in technology has led to the development of electric cookers and is likely to fuel market expansion over the forecast period. Electric cookers are more energy-efficient and have sophisticated functionality. The growth, higher living standards, and comfort in consumer discretionary money urge customers to update their existing cookers to more intelligent models, which will further boost the market demand. Consumers buy household equipment extensively because they provide convenience, effort and time savings. In the next several years, the market demand for electric cookers should also be driven by product innovation, new product development, product differentiation and the integration of various value-added features.
Online Retailing has Gained Popularity
The major manufacturers of cookers all around the world are selling their products through an online platform. The household sector procures the bathrobes directly from e-commerce platforms. The direct procurement of cookers from e-commerce websites is a familiar way to do business in the cookers market. E-commerce websites offer heavy discounts on sales of a product, making it a profit-making deal for the buyers. Due to the ongoing pandemic, the business had partially shifted from traditional to online. Currently, the manufacturing companies are creating their website for sales or coming into partnership with e-commerce giants to sell their products. It's expected that in future, all the big players of the cookers industry is anticipated to shift their services online to boost their sales and reach more customers.
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Key Benefits of the Report
This study presents the analytical depiction of the cookers industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cookers market share.
The current market is quantitatively analyzed to highlight the cookers market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed cookers market analysis on the basis of competitive intensity and how the competition will take shape in coming years
Questions Answered in the Cookers Market Research Report
Which are the leading players active in the cookers market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities of the market?
What future projections would help in taking further strategic steps?