The global hand blender market size was worth around USD 318.4 Million in 2022 and is predicted to grow to around USD 611.5 Million by 2030 with a compound annual growth rate (CAGR) of roughly 8.5% between 2023 and 2030.
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➤ The market’s expansion is fueled by the expansion of residential and commercial accommodation facilities.
The expanding infrastructure sector is the primary factor driving the demand for the installation of modern kitchen equipment in a variety of residential and commercial contexts, where it is used for multiple purposes. This is increasing the demand for state-of-the-art household appliances on a global scale. The US Census Bureau has released data indicating that the housing authority approved 1.55 million new privately owned housing units in September 2020 at a variety of locations throughout the United States that issue building permits. The long-term opportunity for the demand for cutting-edge home appliance products is likely to arise as a result of the growing number of home remodeling and renovation activities worldwide. Consequently, this will contribute to the expansion of the global hand blender market during the forecast period.
➤ The market’s expansion is hindered by its inadequate functionality and power.
The hand blender industry is anticipated to experience growth challenges during the forecast period due to the absence of power and functionality. Standard blender motors are inherently more potent due to their larger size. Even the most basic, low-end blender is likely to possess more power than an expensive immersion blender. The reduction in power will result in a slight delay in the process of manual blending. Therefore, serving as a significant restrictive factor.
➤ Significant opportunities are presented by the growing urbanization trend.
Urbanization is a significant factor in the expansion of the hand blender market, as it has created a growing middle class and heightened the demand for convenience in the midst of hectic metropolitan lifestyles. Kitchen appliances are in higher demand in urban markets, particularly in affluent cities. The market expansion for kitchen appliances is also significantly influenced by product innovation and the growing urbanization. The demand for luxury and high-end residences is being stimulated by the increasing urbanization rate, which is resulting in a promising future for high-end kitchen appliances.
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The Global Hand Blender Market is segmented based on product, application and region
Global Hand Blender Market: Product Segment Analysis
● Corded
● Cordless
Global Hand Blender Market: Application Segment Analysis
● Residential
● Commercial
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The global Hand Blender market profiles key players such as:
● Siroca
● Braun
● TESCOM
● Iris Ohyama
● Conair
● Whirlpool
● Breville
● Philips
● Vitamix
● Panasonic
● Vitantonio
● JVC Kenwood
● Electrolux
● Twinbird
● ESGE
● Vremi
● Russell Hobbs
● Hamilton Beach
● Krups
● Calphalon
???? Recent Developments:
• The “HBF02 hand blender,” a technologically advanced, portable, and compact device, was introduced by Smeg S.p.a., an Italian manufacturer of household appliances, in October 2017. It has been ergonomically designed and equipped with a non-slip handle by the organization. The device is equipped with a 700 W motor and a variable speed controller.
• In April 2018, Bajaj Electricals Limited, a prominent Indian manufacturer of electrical appliances, introduced its latest hand blender, the “Bajaj HB10.” These crucial initiatives have the potential to support market expansion in the years ahead.
➤ The market is anticipated to be dominated by North America during the forecast period.
The global hand blender market is anticipated to be dominated by North America during the forecast period. The increasing demand for modular kitchen appliances in the United States and Canada is the primary factor contributing to the regional growth. Moreover, the market is anticipated to experience growth due to the increasing disposable income of countries such as Canada. For example, Canada’s disposable personal income increased from 1526100 CAD million in the third quarter to 1561752 CAD million in the fourth quarter of 2022, according to Statistics Canada.
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