Electric Countertop Griddles Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0193628
  • Format: Electronic (PDF)
  • Number of Pages: 180
  • Author(s): Joshi, Madhavi

Report Overview

The Electric Countertop Griddles Market size was estimated at USD 650 million in 2023 and is projected to reach USD 1.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2024-2030).

Electric Countertop Griddles Market

(Market Size)
$650 million
$1.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.50%
2023 Market Size USD 650 million
2030 Market Size USD 1.2 billion
Key Players Blackstone, Cuisinart, Presto, Hamilton Beach, Zojirushi

Market Summary

The electric countertop griddles market is a significant segment within the consumer goods industry, specifically in the small kitchen appliances category. These appliances are designed for indoor cooking, providing a flat heated surface ideal for preparing a variety of foods such as pancakes, eggs, bacon, and grilled sandwiches. The market caters to both residential and commercial users, including households, restaurants, food trucks, and catering services. The demand is driven by the convenience, versatility, and efficiency these appliances offer, allowing for quick meal preparation with consistent results. Consumers are increasingly seeking multifunctional kitchen tools that save time and counter space, contributing to the steady growth of this market. Manufacturers are continuously innovating to enhance product features, including non-stick surfaces, adjustable temperature controls, and easy-cleaning designs. The market is characterized by the presence of both established global players and emerging regional manufacturers, all competing on factors such as price, quality, brand reputation, and technological advancements. The competitive landscape is dynamic, with companies focusing on product launches, strategic partnerships, and geographic expansion to strengthen their market position.

Key Highlights

The electric countertop griddles market showcases several key highlights that define its current state and future trajectory. A prominent trend is the integration of advanced technologies, such as digital temperature displays, preset cooking functions, and smart connectivity features that allow users to control the appliance via smartphone applications. Energy efficiency has become a critical focus, with manufacturers developing models that consume less power while delivering optimal performance. The design evolution is notable, with sleek, compact, and aesthetically pleasing models that complement modern kitchen decor. Another highlight is the growing popularity of multifunctional griddles that can also serve as grills, pans, or even steamers, offering greater value to consumers. The market is also witnessing an increase in demand from the commercial sector, particularly from small-scale food service providers who require reliable and efficient cooking equipment. Additionally, the rise in health-conscious consumers has led to the development of griddles that require little to no oil for cooking, promoting healthier eating habits. These highlights underscore the market's responsiveness to consumer preferences and technological innovation.

Drivers, Opportunities & Restraints

The electric countertop griddles market is influenced by several drivers, opportunities, and restraints that shape its growth. Key drivers include the rising consumer preference for convenient and time-saving cooking solutions, especially among urban populations with busy lifestyles. The growing trend of home cooking and experimentation with diverse cuisines further propels demand. Opportunities abound in the development of smart and connected appliances that offer enhanced user experiences through IoT integration. Expansion into emerging markets presents significant growth potential, driven by increasing disposable incomes and urbanization. There is also an opportunity to cater to niche segments, such as outdoor enthusiasts or students, with portable and compact models. However, the market faces restraints, including intense competition that pressures profit margins and the saturation in mature markets. Fluctuations in raw material prices, such as for metals and electronic components, can impact manufacturing costs and pricing strategies. Additionally, consumer concerns regarding the durability and longevity of non-stick coatings pose challenges. Environmental regulations related to energy consumption and material usage also act as restraints, requiring manufacturers to invest in compliant designs.

Concentration Insights

The electric countertop griddles market exhibits a concentrated competitive landscape in terms of geography and key players. North America and Europe are mature markets with high penetration rates, dominated by established brands such as Cuisinart, Black+Decker, Hamilton Beach, and Breville. These regions are characterized by high consumer awareness, strong distribution networks, and a culture of frequent kitchen appliance upgrades. The Asia-Pacific region is emerging as a highly concentrated growth area, driven by rapid urbanization, rising middle-class populations, and increasing adoption of Western cooking habits. Countries like China, India, and Japan are key contributors, with local manufacturers competing alongside international brands. In terms of company concentration, the market is led by a few major players who hold significant market share through extensive product portfolios and robust brand loyalty. However, there is also a presence of numerous small and medium-sized enterprises that focus on regional markets or niche segments. This concentration dynamics necessitate strategic initiatives such as mergers, acquisitions, and partnerships for companies aiming to expand their global footprint and market influence.

Type Insights

The electric countertop griddles market can be segmented based on type, primarily into non-stick surface griddles and stainless steel surface griddles. Non-stick surface griddles are highly popular due to their ease of cleaning and ability to cook with minimal oil, appealing to health-conscious consumers. These often feature coatings such as Teflon or ceramic, which require careful maintenance to ensure longevity. Stainless steel surface griddles are valued for their durability, resistance to scratching, and ability to withstand high temperatures, making them preferred in commercial settings. Another emerging type includes griddles with interchangeable plates, allowing users to switch between flat and ribbed surfaces for varied cooking styles. The choice of type often depends on consumer preferences regarding convenience, durability, and cooking performance. Manufacturers are investing in research and development to improve the quality and safety of non-stick coatings while enhancing the heat distribution efficiency of stainless steel models. The diversity in product types caters to a wide range of consumer needs, from basic household use to professional culinary applications.

Application Insights

Electric countertop griddles find applications across various segments, primarily in residential and commercial settings. In the residential sector, these appliances are used for everyday cooking, breakfast preparation, and entertaining guests, offering a convenient alternative to traditional stovetop cooking. The compact design makes them ideal for small kitchens, apartments, and dormitories. In the commercial sector, electric griddles are indispensable in restaurants, cafes, hotels, and food trucks, where they are used for high-volume cooking tasks such as preparing breakfast items, burgers, and sandwiches. Their ability to maintain consistent heat and cook multiple items simultaneously enhances kitchen efficiency. Additionally, there is growing application in outdoor settings, such as patios or camping, with the availability of portable and battery-operated models. The versatility of electric griddles also extends to specialized uses in institutions like schools and hospitals, where bulk meal preparation is required. The broad application spectrum drives continuous product innovation aimed at meeting the specific needs of different user groups.

Regional Insights

The electric countertop griddles market demonstrates distinct regional characteristics influenced by cultural, economic, and consumer behavior factors. North America is a leading market, driven by high consumer spending on kitchen appliances, a strong culture of breakfast foods, and the presence of major manufacturers. The United States dominates this region, with a high rate of product adoption in both households and food service establishments. Europe follows closely, with countries like the United Kingdom, Germany, and France showing robust demand due to urbanization and the trend towards convenient cooking solutions. The Asia-Pacific region is experiencing rapid growth, fueled by increasing disposable incomes, urbanization, and the westernization of diets in countries such as China, India, and Japan. Latin America and the Middle East and Africa are emerging markets, where growing urbanization and the expansion of the retail sector are creating new opportunities. Regional preferences also vary; for example, larger griddle surfaces are preferred in commercial settings in North America, while compact models are popular in space-constrained Asian households. Understanding these regional nuances is crucial for market players to tailor their strategies effectively.

Company Insights

The electric countertop griddles market features a competitive landscape with several key players striving to enhance their market presence through innovation and strategic initiatives. Leading companies such as Cuisinart, Black+Decker, Hamilton Beach, Breville, and Ninja are renowned for their extensive product portfolios, brand reliability, and widespread distribution networks. These companies focus on continuous product development, incorporating features like digital controls, removable plates for easy cleaning, and enhanced safety mechanisms. Other significant players include De'Longhi, Presto, and George Foreman, which cater to various price segments and consumer preferences. Emerging companies and regional manufacturers are also gaining traction by offering cost-effective alternatives and targeting niche markets. Competitive strategies often involve mergers and acquisitions to expand product lines and geographic reach. For instance, some companies have acquired smaller brands to diversify their offerings in the small kitchen appliances category. Additionally, partnerships with retail chains and e-commerce platforms are crucial for maximizing market penetration. The emphasis on quality, customer service, and innovative design remains paramount for maintaining a competitive edge in this dynamic market.

Recent Developments

Recent developments in the electric countertop griddles market reflect the industry's focus on innovation and responsiveness to consumer trends. Major players have launched new products with advanced features, such as smart connectivity that allows users to monitor and control cooking via mobile apps, and voice-activated commands through virtual assistants. There has been a significant emphasis on sustainability, with companies introducing energy-efficient models that reduce electricity consumption and utilize eco-friendly materials in construction. Design improvements include sleek, modern aesthetics with stainless steel finishes and compact forms that save counter space. Another notable development is the expansion of product lines to include multifunctional appliances that combine griddling with other cooking methods like grilling or baking. Strategic collaborations and partnerships have been observed, such as between appliance manufacturers and food brands to promote complementary products. Additionally, companies are enhancing their online presence and direct-to-consumer sales channels to reach a broader audience. These developments indicate a proactive approach to meeting evolving consumer demands and leveraging technological advancements to drive market growth.

Report Segmentation

This report on the electric countertop griddles market provides a detailed segmentation to offer comprehensive insights into various aspects of the industry. The market is segmented by type, including non-stick surface griddles and stainless steel surface griddles, each analyzed for their market share, growth potential, and consumer preference trends. Application segmentation covers residential and commercial uses, with further breakdown into sub-segments such as households, restaurants, and food service establishments, highlighting specific demand patterns and usage scenarios. Regional segmentation encompasses North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, examining regional market dynamics, growth drivers, and competitive landscapes. Additionally, the report includes segmentation by distribution channel, such as online retail, specialty stores, supermarkets, and hypermarkets, to understand sales trends and consumer purchasing behavior. Each segment is evaluated based on factors like market size, growth rate, and key influencing factors, providing stakeholders with actionable intelligence to make informed decisions. This structured approach ensures a thorough analysis of the market's multifaceted nature.

FAQs

What are the key features to look for in an electric countertop griddle? Key features include adjustable temperature controls, non-stick or durable cooking surfaces, easy cleaning options, size and portability, energy efficiency, and additional functions like digital displays or preset cooking modes.

How does an electric griddle differ from a traditional stovetop griddle? An electric griddle is a standalone appliance with its own heat source and controls, offering consistent heating and portability, whereas a stovetop griddle relies on a cooktop burner and may have uneven heat distribution.

What are the benefits of using an electric countertop griddle? Benefits include versatile cooking capabilities, time savings, energy efficiency compared to ovens, ease of use, and the ability to cook multiple items at once, making it ideal for families and entertaining.

Can electric griddles be used for outdoor cooking? Some electric griddles are designed for outdoor use, but most are intended for indoor settings; portable models with appropriate power sources can be used outdoors where electricity is available.

How do I clean and maintain an electric griddle? Cleaning typically involves wiping the surface with a damp cloth, using mild detergent for tougher stains, and ensuring the appliance is unplugged and cooled; maintenance includes regular checks for wear on non-stick surfaces and proper storage.

Which brands are leading in the electric countertop griddle market? Leading brands include Cuisinart, Black+Decker, Hamilton Beach, Breville, Ninja, De'Longhi, and Presto, known for their quality, innovation, and reliability.

Citius Research has developed a research report titled “Electric Countertop Griddles Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Electric Countertop Griddles Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Electric Countertop Griddles Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Electric Countertop Griddles Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Electric Countertop Griddles Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Electric Countertop Griddles Market
• Research Methodology
• Executive Summary
• Market Dynamics of Electric Countertop Griddles Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Electric Countertop Griddles Market
• Cost and Gross Margin Analysis of Electric Countertop Griddles Market
• Electric Countertop Griddles Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Electric Countertop Griddles Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Electric Countertop Griddles Market Key Stakeholders

Below are the key stakeholders for the Electric Countertop Griddles Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Electric Countertop Griddles Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Electric Countertop Griddles Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Electric Countertop Griddles Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Electric Countertop Griddles Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Electric Countertop Griddles Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Electric Countertop Griddles Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Electric Countertop Griddles Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Electric Countertop Griddles Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Electric Countertop Griddles Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Electric Countertop Griddles Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Electric Countertop Griddles Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Electric Countertop Griddles Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Electric Countertop Griddles Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Electric Countertop Griddles Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Electric Countertop Griddles Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Electric Countertop Griddles Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Electric Countertop Griddles Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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