Press release
Electric Pressure Cooker Global Research Report 2025: Market Size, Price, Competitive Landscape and Regional Analysis, Forecast to 2031
In 2024, the global market size of Electric Pressure Cooker was estimated to be worth US$ 1573 million and is forecast to reach approximately US$ 1959 million by 2031 with a CAGR of 3.2% during the forecast period 2025-2031.
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https://www.qyresearch.com/reports/4676481/electric-pressure-cooker
According to the new market research report "Global Electric Pressure Cooker Market Report 2024-2030", published by QYResearch, the global Electric Pressure Cooker market size is projected to grow from USD 1.53 billion in 2024 to USD 1.92 billion by 2030, at a CAGR of 3.86% during the forecast period (2024-2030).
This report profiles key players of Electric Pressure Cooker such as Midea Group, Cuckoo Electronics Co., Ltd., Panasonic Holdings Corporation, SUPOR, Instant Brands Inc., Joyoung, Galanz Group, Xiaomi Group, Sharp Corporation, ASD Group Co., Ltd., Oaks Group Co., Ltd., Pentium Electric (Shanghai) Co., Ltd., Changhong Meiling Co., Ltd., Zhuhai Double Happiness Electric Appliance Co. Ltd., Guangzhou Light Industry and Trade Group Co., Ltd., Hefei Royalstar Electronic Appliances Group Co., Ltd., Little Bear Electric Appliance Co. LTD, Fissler, etc.
In 2023, the global top five Electric Pressure Cooker players account for 75.10% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Electric Pressure Cooker.
Market Drivers:
Healthy cooking methods have a profound impact on the body. It is not only related to consumers' physical and mental health, but also improves people's quality of life. With the improvement of people's living standards, on the basis of basic living needs, consumers are paying more and more attention to environmental protection and health, and the demand for healthy living is becoming increasingly strong, further promoting the development of electric pressure cooker products. In the post-epidemic era, consumers pay more attention to food and cooking in their lives, accelerating the development of electric pressure cookers.
The penetration rate of the home appliance retail market is increasing rapidly. Since electric pressure cookers have the characteristics of small size, light weight, low unit price, and no need for installation, and merchants can introduce products and display functions in the form of pictures, text, audio and video on e-commerce platforms, Suitable for online purchasing. Benefiting from the traffic dividend of e-commerce channels, online retail sales growth is higher than offline. Under new online traffic attraction models such as live video streaming and social e-commerce, it is expected that online retail growth will remain at a high level in the future, bringing opportunities to emerging companies. Emerging enterprises can seize channel dividends, increase online exposure, strengthen the construction of online sales channels, and create an excellent brand image to achieve effective overtaking in corners.
People have a demand for upgrading existing electric pressure cookers, and their purchasing intentions are gradually becoming more intelligent and high-quality. Secondly, the continuous upgrading of electric pressure cookers meets people's pursuit of quality of life. To a certain extent, appearance has also become the competitive field of electric pressure cookers.
Marketing capabilities will become one of the core competitiveness of small home appliance companies. Whether it is sales on online Internet platforms or offline physical stores, companies need to invest in research and capital in marketing methods, advertising promotion, and consumer guidance. The unique marketing method will make consumers shine and pay for the product.
With the rapid development of the economy, the continuous improvement of residents' income and urbanization level, creative small household appliances have experienced two major stages of meeting consumers' basic needs and improving users' quality of life, and then entered a new round of industry transformation and upgrading. In addition to meeting life needs, Basically, people pay more attention to personalized and high-quality lifestyles. Various products emerge in an endless stream to meet the different needs of consumers, promoting the growing scale of the industry.
Restraint:
Home appliance manufacturing is a labor-intensive industry. If the price of raw materials increases significantly, or the costs of labor, water, electricity, land and other production factors fluctuate greatly due to changes in the macroeconomic environment and policy adjustments, lean production and efficiency improvements will bring The cost reduction and the overall sales price of end products cannot fully absorb the impact of cost fluctuations. Therefore, raw material price fluctuations have a greater impact on production and operations.
Its market demand is greatly affected by the economic situation and macro-control. If there are major fluctuations in the global economy and the growth of the macro-economy or consumer demand slows down, the growth of the relevant market will also slow down, which will have a negative impact on product sales.
As residents' income levels increase, electric pressure cookers, as a consumer upgrade product, have huge market potential. However, the market entry threshold is low, and domestic and foreign manufacturers are also accelerating their entry and expansion into this market. At the same time, there are also some unfair competition phenomena in the industry, such as price wars, patent infringement, trademark infringement, corporate name infringement, etc. With the development of the industry, enterprises face the risk of increasing market competition. Intensified market competition may cause the gross profit margin of the company's products to decline, thereby having a certain impact on earnings.
Facing the emergence of rice cookers, electric rice cookers and other similar categories, electric pressure cookers lack unique competitiveness. Overall, the products are highly substitutable, and their market share is easily cannibalized by other similar categories.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Electric Pressure Cooker market is segmented as below:
By Company
Midea Group
Cuckoo Electronics Co.,Ltd.
Panasonic Holdings Corporation
SUPOR
Instant Brands Inc.
Joyoung
Galanz Group
Xiaomi Group
Sharp Corporation
ASD Group Co., Ltd.
Oaks Group Co., Ltd.
Pentium Electric (Shanghai) Co., Ltd.
Changhong Meiling Co., Ltd.
Zhuhai Double Happiness Electric Appliance Co. Ltd.
Guangzhou Light Industry and Trade Group Co., Ltd.
Hefei Royalstar Electronic Appliances Group Co., Ltd.
Little Bear Electric Appliance Co. LTD
Fissler
Povos
Segment by Type
Below 2.5 L
2.5-5 L
Above 5 L
Segment by Application
Online Sales
Offline Sales
Each chapter of the report provides detailed information for readers to further understand the Electric Pressure Cooker market:
Chapter 1: Introduces the report scope of the Electric Pressure Cooker report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Electric Pressure Cooker manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Electric Pressure Cooker market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Electric Pressure Cooker in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Electric Pressure Cooker in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Electric Pressure Cooker competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Electric Pressure Cooker comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Electric Pressure Cooker market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global Electric Pressure Cooker Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Electric Pressure Cooker- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global Electric Pressure Cooker Market Research Report 2025
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Home Electric Pressure Cooker- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global Home Electric Pressure Cooker Market Research Report 2025
Smart Electric Pressure Cooker- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global Smart Electric Pressure Cooker Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global Smart Electric Pressure Cooker Market Research Report 2025
Portable Electric Pressure Cooker- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global Portable Electric Pressure Cooker Market Research Report 2025
Global Home Smart Electric Pressure Cooker Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Home Smart Electric Pressure Cooker- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global Home Smart Electric Pressure Cooker Market Research Report 2025
All-in-One Electric Pressure Cooker- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Commercial Electric Pressure Cooker- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global All-in-One Electric Pressure Cooker Market Research Report 2025
Global Commercial Electric Pressure Cooker Market Research Report 2025
Multifunctional Electric Pressure Cooker- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global Multifunctional Electric Pressure Cooker Market Research Report 2025
If you have any queries regarding this report or if you would like further information, please contact us:
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QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years' experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let's work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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