Published Date: 22-Dec-2020
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According to a new report Asia Pacific Household Slicer Market, published by KBV research, The Global Household Slicer Market size is expected to reach $465.7 Million by 2026, rising at a market growth of 7.2% CAGR during the forecast period.
The automatic slicers are anticipated to observe the highest growth from 2020 to 2026. Development in the economy and the rising tourism industry is probably going to boost the demand for automatic household slicers. A sum of 1,500 new hotel construction ventures in Europe was started, whereas in 2019, approx. 270 new hotels and resorts started, consisting of over 38,000 new rooms.
The market was dominated by the offline distribution channel and represented a significant share in 2019. The growing popularity of retail store channels as they make it easier for the customers to have a direct look at the items, which assists in the easy and direct inspection of the quality and features, is anticipated to drive the development of the channel. The availability of a wide scope of items offered by various brands and the option to compare the costs and product features are some of the components that are anticipated to have a productive influence on the growth of the segment.
In 2019, Europe accounted for the highest share of the revenue. The regional demand for the product is mainly credited to the rising demand for modern, sleek, and comfortable slicers. There has been an increasing inclination for slicers made out of steel as these products are very simple to handle while slicing and they provide superior durability. This pattern will carry on with driving innovation and new product advancement among players, hence boosting the growth of this market. Asia Pacific is anticipated to observe the high growth during the forecast period with a major CAGR.
Structural Insights: https://www.kbvresearch.com/asia-pacific-household-slicer-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Sirman s.p.a, Weber Maschinenbau GmbH, Deville Technologies, Inc., MHS Schneidetechnik GmbH, Foodmate, Inc., Bizerba SE & Co. KG, Magurit Gefrierschneider GmbH, Swedlinghaus Srl, Hallde and Brunner-Anliker GmbH.
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