The mixer grinders global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Mixer Grinders Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The mixer grinders market size has grown steadily in recent years. It will grow from $13.19 billion in 2023 to $13.85 billion in 2024 at a compound annual growth rate (CAGR) of 5%. The growth in the historic period can be attributed to increase in the number of residences, a rise in dependency on smart kitchen appliances, the adoption of expensive premium residential mixer grinders.
The mixer grinders market size is expected to see strong growth in the next few years. It will grow to $17.1 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to the surge in the spending capacity of consumers, increase in number of food joints such as hotels & restaurants , increase in work-from-home and stay-at-home orders. Major trends in the forecast period include noise reduction technology, enhanced safety features, multi-functional designs, smart mixer grinders.
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Scope Of Mixer Grinders Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Mixer Grinders Market Overview
Market Drivers -The increasing population of work from home is expected to propel the mixer grinder market going forward. Work from home refers to performing one’s job duties remotely from a personal residence. The work-from-home practice has benefits for work-life balance, potential cost savings, and flexibility. Mixer grinders are highly beneficial appliances for home cooking and food preparation practices. They offer convenience, efficiency, and versatility in various culinary tasks, allowing individuals to focus on their work-from-home responsibilities without spending excessive time in the kitchen. For instance, in April 2023, according to the U.S. Census Bureau, a US-based government administration, between 2019 and 2021, the quantity and proportion of individuals working from home increased significantly, with the number doubling from approximately 9 million workers, or 5.7%, to around 28 million workers, constituting 17.9% of the workforce. Moreover, the proportion of women engaged in home-based work rose slightly from 50.7% in 2019 to 51.3% in 2021. Therefore, the increasing population of work-from-home workers drives the growth of the mixer grinder market.
Market Trends – Major companies operating in the mixer grinder market are developing innovative products such as military-grade jars, to gain a competitive edge with a better product offering. Military-grade jars are crafted to possess unparalleled durability and endure kitchen mishaps and falls while retaining their original condition without dents or damage. For instance, in October 2023, Bajaj, an India-based consumer appliances company, launched Military Series Mixed Grinders. The BAJAJ military series of mixed grinders boasts DuraCut blades, which are renowned for their durability and backed by a lifetime warranty, establishing pioneering benchmarks in the industry. It is available in a range of wattages and vibrant colors. These mixer grinders showcase numerous user-friendly functionalities and a modern design aesthetic.
The mixer grinders market covered in this report is segmented –
1) By Product Type: Stand Mixer, Traditional Mixer
2) By Distribution Channel: Multi-Brand Stores, Exclusive Stores, Online Store, Other Distribution Channels
3) By End-User: Residential, Commercial
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Regional Insights – North America was the largest region in the mixer grinders market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mixer grinders market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the mixer grinders market are Panasonic Corporation, Koninklijke Philips N.V., Stanley Black & Decker Inc., Havells India Limited, TTK Prestige Limited, Crompton Greaves Consumer Electricals Ltd, Bajaj Electricals Limited, V-Guard Industries Limited, Orient Electric Limited, Preethi Kitchen Appliances Pvt. Ltd., Eveready Industries India Limited, Maharaja Whiteline, Stovekraft Pvt. Ltd., Singer India Limited, Kenstar Appliances, Usha International Limited, Boss Home Appliances, Maya Appliances Pvt Ltd, Wonderchef Home Appliances Pvt. Ltd., Sujata Appliances Pvt Ltd, Jaipan Industries Limited, Glen Appliances Pvt Ltd, Kanchan Appliances Pvt. Ltd., Rico Appliances Pvt. Ltd., Signora Care
Table of Contents
1. Executive Summary
2. Mixer Grinders Market Characteristics
3. Mixer Grinders Market Trends And Strategies
4. Mixer Grinders Market – Macro Economic Scenario
5. Global Mixer Grinders Market Size and Growth
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32. Global Mixer Grinders Market Competitive Benchmarking
33. Global Mixer Grinders Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mixer Grinders Market
35. Mixer Grinders Market Future Outlook and Potential Analysis
36. Appendix
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