London, 26 November 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Hand Blender Market 2015-2019, which is expected to grow at a CAGR of 7.20 percent and 6.05 percent in terms of revenue and unit shipment, respectively, during the period 2015-2019.
The penetration rate of hand blenders is very high in countries such as the US, Canada, Japan, Russia, Germany, Italy, and Spain. There will be a replacement demand from the developed countries during the forecast period because of the short life span of hand blenders.
“Advances in technology have resulted in the development of highly sophisticated, advanced, and automated hand blenders,” says Faisal Ghaus, Vice President of TechNavio.
“They come with various types of attachment for grating, chopping, and pureeing and with different speeds and detachable shafts. These factors improve the performance and functionality of hand blenders, which, in turn, is creating demand among end-users.”
Key Market Drivers
- Growing Disposable Incomes
- Increase in Number of Women in Paid Employment
- Improved Function and Performance
- Changing Lifestyles
Key Market Trends
- Increased Demand from APAC Region
- Lower Hand Blender Prices
- Booming Modular Kitchen Industry in Emerging Economies
- Growing Urbanization and Consumerism
Key Market Vendors
- Braun GmbH
- Breville Pty Ltd.
- ESGE AG Ltd.
- JVC KENWOOD Corp.
- Whirlpool Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
