With the rise in per capita income of consumers, particularly in emerging countries, demand for various domestic food preparation equipment such as blenders has witnessed a surge.
The number of female buyers associated with household appliances, with their pressing requirements for ease and convenience, has skyrocketed across the globe.
In addition, pervasiveness of demand for technologically advanced electric kitchen appliances is likely to prevail, especially among demographics with higher GHDI.
Growing Women Workforce Influencing Adoption of Electric Kitchen Appliances such as Blenders
Narrowing gender differences in the field of occupation has meant that more and more women are opting for jobs, in order to become independent as well as provide financial support to their families.
Additionally, female workers have surpassed their male counterparts in terms of cultivating productivity potential and defining brighter future for their junior employees.
With the proliferation of working women worldwide, requirement for time-saving electric kitchen appliances such as blenders and food processors is on the rise.
One of the prominent demand driver for blenders is the rapid boom in ecommerce sector around the world.
In developing countries of Asia and Latin America, ecommerce sector has become the key determinant for sales of various consumer electronics and home appliances, which have become the prominently sought-after category of consumer goods.
Additionally, Consumer electronic product vendors are increasingly venturing into the blenders market, in order to leverage their already established occupancy across the online retail space.
A new research study of Fact.MR foretells that the global market for blenders will record a value CAGR of 4.9% in the period between 2017 and 2026.
Over 100,000,000 units of blenders are estimated to be sold worldwide by 2026-end.
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Sizes Influencing Development of All-Purpose Ever-Shrinking Kitchen Blender Designs
Owing to financial difference among the global demographic, size of residential spaces differ accordingly as not everyone can afford living in mansions with size of kitchens equaling small apartments.
With robust population expansion, living spaces are undergoing contraction, apartments and houses are reducing in size, and efficiency has become the new normal in the construction industry.
Among new trends in the residential construction sector, the most popular one is leveraging minimal space, which in turn affects floor areas of kitchen primarily.
Faced with ever-shrinking kitchen sizes, demand for time-saving compact food appliances has surged, which in turn has resulted into the development of all-purpose counter blenders.
This product development has enabled elimination of bulk storage issues, lugging machines in the kitchen, and clutter. Improved functionality, power, safety and compact size are key demand drivers of these blenders.
APEJ to Remain Fast-Expanding Market for Blenders
Developing countries of Asia-Pacific excluding Japan (APEJ) are expected to prevail as major consumers of blenders worldwide, which can be attributed to their rising disposable incomes and increasing adoption of technologically advanced consumer electronic products.
In countries such as China and India, the booming ecommerce sector is boding well for kitchen appliance sales.
Consumer electronic product manufacturers in APEJ are focusing on establishing their presence in online retail sector, which will further influence sales of blenders in the region.
APEJ is expected to remain the fast-expanding market for blenders both in terms of value and volume.
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Characterized by the occupancy of well-established and diversified regional and international vendors, the global market for blenders is fragmented in nature.
While international players in the market are concentrating on extending their footprint, regional players are facing challenges in competing them based on cost, technology, and product quality.
Key players profiled by the report include
Blenders Market Scope Of The Report
Consumers across developing nations are increasingly inclining their preferences toward automation of their food preparation processes, which has driven demand for kitchen appliances that facilitate cooking.
Popularity of the trend toward gifting kitchen appliances is being underpinned by vendors as well, who employ exchange offers, bundling, and discounts as promotional strategies, particularly during various festivals.
Such types of offers witness high promotion in online stores as well as the conventional brick & mortar stores.
This report by Fact.MR delivers an extensive forecast on the global blenders market, so that companies manufacturing blenders can leverage the information for making better business decisions.
This report offers valuable insights on the blenders market at a global scale, reflecting impacts of recent industry trends on the market expansion and addressing key concerns of blender manufacturers.
The report will also serve as a credible business document for the market players.
Scrutinized Analysis on Blenders Market
This forecast analysis contains a range of weighted and distinctive chapters, illustrating microscopic segmentation study considering different aspects including sales and production of blenders.
Key findings from the report imply the potential for the market’s customer base growth and making enhancements in exposure of blenders in the global food industry.
Influences of changing directives regarding manufacturing, transit, and storage of blenders have been illuminated for forecasting advancements in blenders during the upcoming years.
Cost- & time-saving manufacturing techniques, favorable regulations, and design trends affecting the sales of blenders have been offered for boosting profitability of the market players.
Adhering to insights delivered in the report, blenders producers will be able to formulate efficient & effective methods through which they can boost revenue generation beyond conventional margins.
By leveraging intelligence offered by the report, emerging and niche market players are enabled to identify potential avenues for gaining higher market share.
Knowledge provided in the report is expected to facilitate blender manufacturers in making informed decisions pertaining to modifications viable for lucrative & long-term business expansion.
In-depth Intelligence on Market Assessment
Key data points have been generated by the report by considering the market penetration and supply chain of blenders, so that the market participants can work on resolving potential risks.
Through provision of information about lucrative regions & countries for the market growth, the report allows blenders producing companies to rework on their strategies for development.
Through continuous interviews and discussions with industry experts and by referring to authentic databases, baseline information has been procured for the market size forecasting.
Information obtained has further been compiled for developing an impactful framework that propounds estimations regarding future evolution of the market.
Analysts from Fact.MR have leveraged tested analytical methods and statistical formulations for projecting growth of the global blenders market across multiple market parameters.
Qualitative information has been integrated with quantitative data for bolstering accuracy of the forecast on the market size evaluations.
A detailed segmentation analysis in terms of motor power, sales channel, body material, product type, and region, is another elucidated refactoring of data gleaned through secondary and primary research methodologies.
All-inclusive Study on Blenders Market’s Competition Landscape
Prominent companies contributing to expansion of the global blenders market are profiled in the report, and an elaborated analysis on these companies in terms of product overview, company overview, key financials and key developments during the historical period (2012-2016).
The report readers can avail this analysis for assessing current market scenario and understanding opportunities for enhancing their reputation.
Pricing analysis, and supply chain analysis offered in the report are expected to resolve key concerns of the market players.
The competition landscape study provided in the report is priceless for niche and emerging market players in making effective business decisions for future growth.
Effective strategies employed by the market players have been unveiled, offering authentic information for nascent companies to leverage for increasing their shares in the market.
Scope of Fact.MR’s report on the global blenders market is to help blender manufacturers in employing effective strategies for enhancing their businesses in the near future.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
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