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Department Store: In-depth analysis of the current situation and future development trend of China's electric kettle market segment in 2024

  

  Market size and growth

  

The department store learned that the market size of China's electric kettle reached 122 in 2024.600 million yuan, a figure that shows the industry's steady growth over the past few years。According to historical data, the size of China's electric kettle market has increased from 11 in 2012.100 million yuan rapidly increased to 122 in 2024.600 million yuan, the average annual compound growth rate is significant。This shows that with the improvement of people's living standards and the popularization of the concept of healthy drinking water, electric kettles have become essential small appliances in homes and offices。

Market competition pattern

  

  At present, the Chinese electric kettle market is highly competitive and there are many brands。Well-known brands at home and abroad such as Midea, Supor, Joyang, Philips, Panasonic and so on occupy the main share of the market。These brands continue to consolidate and expand their market share through technological innovation, quality improvement and marketing strategies。At the same time, some emerging brands are also gradually emerging through differentiated competition and personalized customization。

  

  Product segmentation

  

  The electric kettle market is mainly divided into two categories: plastic electric kettle and stainless steel electric kettle。Plastic electric kettles are favored by mass consumer groups because of their low cost and diverse colors。Stainless steel electric kettles are favored by consumers who pursue high-quality life because of their high quality and durability。In addition, there are also multi-functional electric kettles on the market, such as tea, coffee, soup, etc., to meet the diversified needs of consumers。

  

  Consumer demand

  

  The department store understands that the needs of modern consumers for electric kettles are increasingly diversified, and are no longer satisfied with their basic boiling water function。The performance, quality, safety and intelligence of the product have become an important consideration for consumers when choosing an electric kettle。With the rapid development of smart technology, smart electric kettles improve the user experience through WiFi connection, mobile App remote control and voice assistant compatibility, and become the new darling of the market。

  

  Forecast of future development trend

  

  Industry growth potential

  

  It is expected that the market size of China's electric kettle will continue to grow in the next few years。With the popularity of the concept of healthy drinking water and consumers' pursuit of high-quality life, the electric kettle market still has a lot of room for development。In particular, new products such as smart electric kettles and multi-functional electric kettles will lead a new round of growth in the market。

  

  Intelligent and multi-functional trend

  

  Intelligent and multi-functional electric kettle industry is an important development trend in the future。Smart electric kettles can not only be controlled by mobile phone App to achieve functions such as booking heating time and monitoring water quality, but also interconnect with other smart home devices to provide users with a more convenient and efficient use experience。At the same time, multi-functional electric kettles will meet the diversified needs of different consumers and further enhance the added value of products。

  

  Environmental protection and energy saving needs

  

  With the improvement of environmental awareness, consumers are also paying more and more attention to the environmental protection and energy saving of products when buying electric kettles。Electric kettles using environmentally friendly materials and energy-saving technology will be favored by consumers。The government's policy support for environmental protection and energy saving will also further promote the green development of the electric kettle market。

  

  Quality improvement and differentiated competition

  

  In the fierce market competition, brand manufacturers need to continuously improve product quality to meet the needs of consumers。At the same time, through differentiated competition and personalized customization, brands can stand out in the market。For example, launching customized products for specific user groups, optimizing product design and functions, etc., will become an important means for brands to enhance competitiveness。

  

  Supply chain and manufacturing technology innovation

  

  With the advancement of manufacturing technology and the optimization of the supply chain, the production efficiency and quality level of the electric kettle industry will continue to improve。Adopting first-class production equipment and processes, optimizing supply chain management, and reducing costs will bring new development opportunities for the industry。In addition, with the application of new materials and new technologies, the product performance and service life of electric kettles will also be further improved。

  

  The department store learned that the Chinese electric kettle market will continue to grow in the next few years。Intelligent, multi-functional, environmental protection, energy saving and quality improvement will become an important trend in the development of the industry。Brand manufacturers need to keep up with the pace of market changes and technological progress, and constantly innovate and upgrade products to meet consumer needs。At the same time, strengthen supply chain management and cost control to improve market competitiveness and achieve sustainable development。

  

  The above is the electric kettle related information brought by Xiaobian, if you are interested in this industry, welcome to the department store to do more in-depth understanding!