March 28, 2020

Air Fryer Market | Players are Koninklijke Philips N.V., Cuisinart, SharkNinja Operating LLC, Dash Appliances etc

According to a new market research report published by Credence Research, the global air fryer market was valued at US$ 666.6 million in 2018 and is set to grow at 6.7% CAGR during the forecast period.

Key questions answered in this report

  • What was the market size of air fryer in 2018 and forecast up to 2027?
  • Which is the largest regional market by revenue for air fryer?
  • What are the major trends followed in overall air fryer across different regions?
  • What are the key market trends and high-growth opportunities observed in the air fryer market?
  • What are the drivers of the air fryer market?
  • Who are the key air fryer companies leading the market?
  • What are the key strategies adopted by the leading air fryer companies in market?

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/60048

Market Insights

Growing global health consciousness and rising global market for kitchen appliances drive the growth of the air fryer market. The global market for kitchen appliances was estimated at around US$ 235.0 billion in 2018 and is expected to continue to grow at CAGR by around 6.0 per cent in the coming years. Growing awareness of eating healthy food around the world is a major growth driver for the market. Air fryers have various benefits, such as healthier cooking, versatility, quick meals, ease of use, energy efficiency, and others, which also help the market grow. Growing disposable incomes and technology innovations are some of the key factors driving market growth. As a result of the factors mentioned above, we expect a significant increase in the global market for air fry during the forecast period 2019-2027.

Based on the product type, the global market for air fryers is segmented into digital and manual markets. The Digital Air Fryer segment was the largest in 2018, accounting for more than 55% of the market share of revenues in the same year. Innovative design, advanced software integration and improved technical features in the air fryer are some of the major growth factors for the segment. The digital segment is estimated to grow with the fastest CAGR in the forecast period. Digital air fryer have different features, such as fast preheating, temperature control knob, touch screen panel and others. Furthermore, the above-mentioned features will boost the demand for a digital air fryer in the years to come. As a result, we expect the digital segment to remain dominant throughout the forecast period.

Based on geography, Europe was the market leader in the air fry market, backed by North America and the Asia Pacific, in 2018. Europe contributes around 35% of the market share of revenue in the same year. High demand for products and growing health awareness are key factors in the region’s dominance. On the other hand, Asia Pacific will be the fastest-growing region in the forecast period. Growing disposable incomes along with increasing urbanization and increasing consumer health awareness are key factors for the fastest growth in the region. In addition, the deeper penetration of prominent air fryer brands in developing economies is also helping the market to grow. We therefore expect the Asia Pacific to be the fastest-growing region in the forecast period from 2019 to 2027.

Browse Full Report Originally Published by Credence Research athttps://www.credenceresearch.com/report/air-fryer-market

Major market companies are emerging new strategies, such as product introduction, to increase their market presence. In September 2019, for example, Koninklijke Philips N.V. Launched the XXL air frier. They introduced an air fryer with smart sensing technology, which eliminates uncertainty and simplifies the cooking process. Air fryer XXL comes with a unique fat elimination technology that uses hot air tornado to remove extra fat. Some of the major companies profiled in the report include Koninklijke Philips N.V., Cuisinart, SharkNinja Operating LLC, Dash Appliances, Breville, Inc., Havells India Limited, TTK Prestige Ltd., Krups, NuWave, LLC, Bajaj Electricals Ltd, Mayer, Wonderchef, and others.

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/60048

MarketWatch: Air Fryer Market (6.7% CAGR) 2019-2027: Global Business Growth, Size and Forecast

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