The Hand Blender Market is being driven by Increasing online retail sales
The Hand Blender Market is expected to grow at a CAGR of 8.81% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 145.3 million. In the realm of kitchen and home appliances, which collectively account for approximately half of the energy consumption in a typical household, there is a growing emphasis on energy efficiency driven by government initiatives and consumer demand. With the implementation of smart grids and encouragement from various governments for market competitors and consumers to adopt energy-efficient products, the demand for energy-efficient kitchen appliances, including hand blenders, is on the rise. In response, different energy sectors have established device standards that competitors adhere to, fostering the development of innovative energy-efficient consumer electronics and home appliances. This not only reduces resource usage but also contributes to environmental sustainability. The Energy Department in the US, in collaboration with the Environmental Protection Agency (EPA) and other organizations, spearheads the ENERGY STAR program, designed to help consumers save on energy costs by utilizing energy-efficient products.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Type (Corded, Cordless) Distribution Channel (Offline, Online) Geography (North America, APAC, Europe, Middle East and Africa, South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Hand Blender Market Research Report
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The Hand Blender Market has witnessed significant growth in recent years, driven by the increasing demand from households, particularly among the working class population and nuclear families. With fast-moving lifestyles and preoccupied schedules, the need for convenience in cooking has become a priority. Advanced kitchen appliances, such as hand blenders, have gained popularity due to their multifunction nature, allowing users to emulsify, puree, mix, and even cook eggs and small batches of food. The market for hand blenders is not limited to households alone. The hospitality sector and catering contracts have also shown a rising demand for portable cooking appliances. Luxury lifestyles have led to an increased focus on convenience and space management, making hand blenders an essential addition to modern kitchens. The ability to prepare healthy drinks and meals quickly and easily has further fueled the growth of the hand blender market. Egg cookers, deep fryers, and other small kitchen appliances have also gained popularity as part of the hand blender market, offering users even more convenience and versatility in their cooking. Overall, the hand blender market is expected to continue growing as more households and businesses recognize the benefits of these portable and efficient kitchen appliances.
In the expansive landscape of the global household appliances market, revenue is generated by manufacturers of electric appliances and associated products. This sector encompasses power and hand tools, with hand blenders being a notable subset of small household appliances. The market is segmented into five distinct categories: major household appliances, small household appliances, hand tools, power tools, and garden improvement tools. Exclusions from this market include consumer electronics, such as televisions and audio-video products, as well as personal computers, which fall under technology hardware, storage, and peripherals. Additionally, industrial machinery categories, including machine tools and agriculture equipment, are excluded from the household appliances market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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