“Global Household Slicer Market to reach a market value of 791.26 Million by 2031 growing at a CAGR of 9.7%”
The Global Household Slicer Market size is expected to reach $791.26 Million by 2031, rising at a market growth of 9.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 10,307.93 thousand units, experiencing a growth of 14.1% (2020-2023).
As urban areas expand and develop, the demand for modern household appliances, including household slicers, increases correspondingly. Urban households often seek convenience and efficiency in their daily routines, and the adoption of advanced kitchen tools like slicers can significantly contribute to this. The enhanced infrastructure and higher living standards in urban regions provide fertile ground for the proliferation of such appliances. Thus, the Europe region witnessed 41% revenue share in the market in 2023. In terms of volume, the Europe market is expected to utilize 308,231.1 thousand units of household slicer by the year 2031.
The fast-paced modern lifestyle has led consumers to seek kitchen appliances that make cooking more convenient and less time-consuming. Household slicers cater to this demand by offering a quick and efficient way to prepare ingredients. Instead of manually slicing vegetables or meats, these appliances allow users to achieve consistent results in less time.
Additionally, the growing trend of home cooking and culinary experimentation is another significant driver for the household slicer market. As more individuals choose to prepare meals at home due to health, cost, and lifestyle factors, kitchen appliances that enhance cooking efficiency have seen increased demand. Hence, as more people embrace home cooking and culinary exploration, household slicers become indispensable for achieving professional-level results at home.
However, one significant restraint on the growth of the household slicer market is the high initial cost of advanced models. While basic slicers may be affordable, high-end versions with more features, such as adjustable slicing thickness, multiple blades, and enhanced safety features, can be expensive. This price point may deter budget-conscious consumers from investing in such appliances, limiting their market appeal to a niche, higher-income group. In conclusion, the high upfront cost of premium models remains a significant barrier, limiting their appeal to budget-conscious consumers and restricting broader market adoption.
On the basis of distribution channel, the market is segmented into offline and online. The offline segment recorded 69% revenue share in the market in 2023. Thus, 11,532.79 thousand units of household slicers are expected to be sold by the offline distribution channel by the year 2031. The offline channel remains dominant as many consumers prefer to physically examine the product before purchasing it, especially for kitchen appliances.
Based on product, the market is divided into manual and automatic. The automatic segment held 36% revenue share in the market in 2023. In terms of volume, 4,432.52 thousand units of automatic household slicers are expected to be utilized by the year 2031. Automatic slicers are increasingly popular for convenience and efficiency, particularly in households with frequent slicing tasks requiring more precision. These slicers often feature adjustable settings for different thicknesses and are powered by electricity, allowing faster and more consistent results with less effort.
Free Valuable Insights: Global Household Slicer Market size to reach USD 791.26 Million by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region generated 28% revenue share in the market in 2023. In terms of volume, the Asia Pacific market is expected to utilize 212,427.3 thousand units of household slicer by the year 2031. This region’s significant share is driven by the rapidly expanding middle-class population, particularly in countries like China and India, where consumer spending on household appliances is rising.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 390.29 Million |
| Market size forecast in 2031 | USD 791.26 Million |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 9.7% from 2024 to 2031 |
| Quantitative Data | Volume in Thousand Units, Revenue in USD Million, and CAGR from 2020 to 2031 |
| Number of Pages | 193 |
| Tables | 470 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product, Distribution Channel, Region |
| Country scope |
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| Companies Included | Sirman S.p.A, Weber Maschinenbau GmbH, Deville Technologies, Inc., MHS Schneidetechnik GmbH, Foodmate, Inc. (Duravant LLC), Bizerba SE & Co. KG, Magurit Gefrierschneider GmbH, Swedlinghaus Srl, Hallde and Brunner-Anliker GmbH |
By Product (Volume, Thousand Units, USD Million, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Million, 2020-2031)
By Geography (Volume, Thousand Units, USD Million, 2020-2031)
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