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The Air Fryer Market Size, Scope, and Forecast 2024-2030 report has been added to the Market research collection of Exactitude Consultancy reports. Industry experts and researchers have offered an authoritative and concise analysis of the Air Fryer Market with respect to various aspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Air Fryer Market. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Worldwide Air Fryer Market in the coming years.
The Air Fryer market is projected to grow from USD 1.71 Billion in 2023 to USD 2.84 Billion by 2030; it is expected to grow at a CAGR of 7.58% from 2024 to 2030.
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Some of the key players profiled in the study are : Koninklijke Philips N.V., Tatung Company of America, Inc., De’Longhi America Inc., Ming’s Mark Inc., Groupe SEB, Avalon Bay, Bajaj Electricals Limited, American Micronic Instruments, Mayer, Gorenje, Avalon Bay, GoWISE USA, Tefal, Bigboss, Vonshef, Cozyna, Living Basix, Homeleader, Rosewill, Glip and other Prominent players.
Recent Developments:
18 January 2023 – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Masimo (NASDAQ: MASI), a global medical technology company, announced an expansion of their partnership to augment patient monitoring capabilities in home telehealth applications with the Masimo W1™ advanced health tracking watch. The W1 will integrate with Philips’s enterprise patient monitoring ecosystem to advance the forefront of telemonitoring and telehealth.
09 February 2022 – Bajaj Electricals Limited (BEL) and Mahindra Logistics Limited (MLL) announced signing an agreement for innovative logistics optimisation and outsourcing arrangement. This deal is a complete end-to-end redesign and outsourcing of Bajaj Electricals’ entire logistics by Mahindra Logistics, with the twin objectives of achieving enhanced and industry-best service levels, coupled with a logistics cost saving in excess of 25 percent. The total contract value, of this one-of-its-kind deal in the Indian Logistics industry, will be in excess of INR 1,000 crores over the next five years and is the outcome of a unique and collaborative solution.
Competition is an important issue in any market research analysis. With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the Air Fryer Market. The major and emerging players of the Air Fryer Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors. This will help players familiarize themselves with the movements of their toughest competitors in the Air Fryer market.
The segmental analysis section of the report includes a thorough research study on key type and application segments of the Air Fryer market
Air Fryer Market by Type
Drawer Type Air Fryer
Lid Type Air Fryer
Others
Air Fryer Market by Function
Manual
Digital
Air Fryer Market by End User
Residential
Commercial
Restaurants and Cafes
Hotels
Others
Air Fryer Market Regional Analysis/Insights
North America maintained its leading position in the world air fryer market in 2022, accounting for an astounding 38% of market revenue. A strong culinary culture, the increasing popularity of healthy cooking techniques among consumers, and the expanding importance of handy kitchen gadgets are all contributing causes to this supremacy. Customers in the area have demonstrated a strong preference for cutting-edge kitchen appliances, such as air fryers, which are becoming more and more well-liked for their capacity to produce tasty, crispy food with little to no oil consumption. Their broad appeal has also been aided by marketing campaigns that highlight health-conscious tendencies and the adaptability of air fryers. The dominance of the North American market demonstrates how adaptable the area is to changing consumer tastes and the ongoing need for kitchen equipment that support healthy lifestyle choices.
The market for air fryers is expected to grow rapidly in the Asia Pacific area. One of the biggest users of technology is the Asia Pacific market, which is anticipated to develop significantly in the next years. The market for air fryers is rising due to a variety of causes, including rising disposable income, an increase in the number of people moving to cities, and the growing impact of healthier diets among younger consumers. China, India, and Japan are among the nations that purchase the most kitchen appliances. Europe’s market data are being supplemented by the existence of prominent air fryer firms and an increase in investments in R&D for new products. The majority of homes in Europe are using air fryers as a result of the growing emphasis on health and wellness and rise in preference for quick cooking methods. Additionally, growth in disposable income is boosting demand for air fryers with advanced features and capabilities in the region.
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Inculcation and Evaluation of Strategic Collaborations: The researchers analyse recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures.
Perfect Market Size Estimations: The report analyses the demographics, growth potential, and capability of the Air Fryer market through the forecast period.
This factor leads to the estimation of the Air Fryer market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular Air Fryer market that will help the stakeholders to be aware of the current investment scenario across the market.
What is new in 2024?
- Major developments that can change the business landscape as well as market forecasts.
- Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.
- Coverage of new market players and change in the market share of existing players of the Air Fryer market.
- Updated financial information and product portfolios of players operating in the Air Fryer market.
- Updated market developments of the profiled players.
- Any new data points/analysis (frameworks) which was not present in the previous version of the report
The new edition of the report consists of trends/disruptions on customer’s business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Air Fryer.
Customization services available with the report:
- Country level market for Air Fryer market (up to 5)
- Profiling and additional market players (up to 5)
- Up to 40 hours of customization.
- post-sales support for 1 year from the date of delivery.
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