The report forecasts the global hand blender market to grow at a CAGR of 7.69% during the period 2016-2020.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Commenting on the report, an analyst from the research team said: Globally, urbanization has witnessed a steady growth. There is an increase in the emergence of cities, accommodating the shifting populace and fuelling the growth of the housing market, and also driving the demand for innovative kitchen appliances. As the rural workforce moves to cities, the development of infrastructure intensifies to house the incoming population. It can lead to an increase in disposable income, putting consumers in a better financial position to spend on consumer appliances, especially those which provide ease in cooking and support better eating and lifestyle habits.
According to the report, the rise in the number of working women has led to an increase in disposable income in dual-income households and a change in lifestyle. Increasingly busy schedules in women's personal and professional lives have resulted in the emergence of time and energy-saving home appliances such as hand blenders. Therefore, the increase in employment rates of women is contributing to the growth of the global hand blender market.