Blenders Market Overview with Size, Share, Growth, Industry Demand, Forecast and Application Analysis To 2026
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A latest insightful report of Fact.MR slates the global blenders market to register a volume CAGR of 4.5% in the forecast period, 2017 to 2026. Revenues from worldwide sales of blenders are expected to close in on approximately US$ 4,500 Mn by 2026-end.
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.
4 Key Takeaways from Fact.MR’s Report on Blenders Market for Forecast Period 2017-2026
1. Blenders with motor power of 400 to 699 watts are expected to be the leading revenue contributor to the market. Volume sales of 400 to 699 watts blenders are likely to reach nearly 50,000,000 units by 2026-end.
2. Specialty stores and mono brand stores are set to account for largest volume sales of blenders through the forecast period, based on sales channel. Revenues from these two sales channel segments are collectively poised to hold nearly two-fifth market share by 2026-end.
3. Online stores and departmental stores will continue to register fastest expansion in sales of blenders through 2026, in terms of both volume and value.
4. Plastic will continue to be the preferred body material for blenders, and will account for the lion’s share of the market, in terms of value, during the forecast period. Revenues from use of stainless steel as body material for blenders will also account for a significant market share during 2017 to 2026.
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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.
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.
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 PHILIPS, Midea, Joyoung, Panasonic, SUPOR, BRAUN, ACA, and Deer.
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods market reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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