How to Analyze Time Series Data for Amazon Air Fryers to Get Conceptions and Deeper Insights?
The market for air fryers has experienced a remarkable upsurge in recent years, with Amazon establishing itself as a leading platform for these innovative kitchen appliances. As health-conscious consumers seek alternatives to traditional fried foods, air fryers have gained popularity due to their ability to provide a healthier cooking method using hot air circulation.
To gain deeper insights into consumer behavior and preferences regarding air fryers, this blog post presents the findings of a time series analysis conducted on Amazon air fryer sales data. By examining a dataset spanning seven days, we aim to uncover significant trends in consumer preferences and behaviors that revolve around the sales of air fryers.
Analyzing 7-Day Amazon Air Fryer Data: Unveiling Brand Availability, Pricing Trends, and Customer Satisfaction
Continuing our exploration of Amazon’s air fryer market, we will analyze the 7-day dataset we obtained using the scraping mechanism. Through this analysis, we aim to gain valuable insights into various aspects of the market dynamics and customer preferences.
Firstly, we will examine the availability of different brands and products throughout the seven days. This will help us understand the range and diversity of options available to consumers during this period.
Next, we will delve into the pricing trends of various brands and products within seven days. By closely examining price fluctuations, we can identify patterns or noteworthy changes that may impact consumer behavior and purchasing decisions.
Customer satisfaction is a crucial aspect of any product analysis. Therefore, we will assess different air fryer products’ popularity and customer satisfaction levels. This analysis will provide valuable insights into consumer preferences and their experiences with specific brands and models.
To further highlight the market landscape, we will determine the rankings of the top 7 brands and products based on relevant metrics. This will give us a clear understanding of the most sought-after options during the analyzed period.
Lastly, we will explore additional features and attributes of the different air fryer products. This will provide a comprehensive view of various brands’ diverse functionalities and specifications.
Stay tuned as we dive into the data, uncovering key trends, patterns, and consumer insights that will enhance our understanding of the Amazon air fryer market.
Analyzing Brand and Product Range over a 7-Day Period
A diverse range of products is essential for brands to effectively cater to customer’s diverse needs and preferences. It allows them to meet the demands of different consumer segments and ensure customer satisfaction.
In this section, we will delve into the availability of various brands and products of air fryers on Amazon over seven days, providing valuable insights into consumer preferences and market dynamics.
Analyzing Product Range over a 7-Day Period
The product range is a significant metric for both consumers and retailers, reflecting the variety of options available in the market. In the context of air fryers, a diverse product range indicates intense brand competition, providing customers with a wide array of choices. This section will examine the product range of air fryers available on Amazon over seven days.
During the seven days from March 1st to March 7th, 2023, the availability of air fryer products on Amazon fluctuated, showcasing changes in consumer demand. The range of air fryer models available varied between 155 and 202, indicating a diverse selection of options for customers.
One notable observation was on March 3rd, when the product range experienced a significant increase. On that day, 202 air fryer models were available for sale, representing a notable surge compared to the previous day’s range of 156.
These product availability fluctuations highlight the market’s dynamic nature and suggest shifts in consumer preferences and demand patterns. Retailers and consumers can take note of these variations to understand market trends and make informed decisions about purchasing or stocking air fryer products.
It is worth noting that the availability and product range on Amazon can change rapidly, influenced by factors such as stock levels, customer demand, and market dynamics.
Throughout a 7-day period from 1st March to 7th March 2023, the availability of air fryer products on Amazon showed fluctuations, representing changes in consumer demand. Notably, on 3rd March, 5th March, and 6th March, the range of product amplified to 202, 200, and 201 air fryer models accessible for sale, respectively. These increments suggest a higher demand for air fryers on those specific days.
In contrast, on 2nd March, 4th March, and 7th March, there was a substantial decrease in a product range, having merely 155, 156, & 182 air fryers accessible for sale, respectively. This decline in the product range might be attributed to common air fryer models going out of stock because of factors such as increased demands or other supply-related circumstances.
Analyzing Brand Range over a 7-Day Period
In addition to examining comprehensive product ranges of air fryers, it is crucial to know the diversity of brands offering these products on Amazon. The brand range refers to the number of brands with available air fryer models. Analyzing a brand range over seven days can provide valuable insights into the popularity and different brands within the air.
Over the seven days analyzed, the number of brands offering air fryer models on Amazon consistently and gradually increased, ranging from 56 to 71 brands. Notably, there were no significant fluctuations in the brand range during this period. The relatively stable brand range, varying from 68 to 71 brands, indicates a growing market competition as more brands enter the market and strive to cater to consumers’ diverse needs and preferences.
Throughout the seven days, several popular brands, such as Philips, Inalsa, KIING, AEXERO, IBELL, Agaro, Nutricook, and more, have been available on Amazon. The presence of these well-known brands suggests a robust market presence and consumer trust in their offerings.
Pricing Trends: Products and Brands
Understanding consumer behavior and market trends requires a comprehensive analysis beyond a product range. Examining the price trends of various products and brands is crucial in gaining valuable insights into consumer preferences. The sales price, which comprises discounts on the manufacturer’s suggested retail price (MRP), provides critical information about air fryer products’ affordability and perceived value.
This study will explore the price trends of air fryer brands and products accessible on Amazon during a particular period. By studying the fluctuations and patterns in pricing, we can uncover critical insights about market dynamics and consumer behavior. This analysis will shed light on the pricing strategies employed by different brands, the impact of discounts and promotions on consumer demand, and the overall competitiveness of the air fryer market on Amazon.
To provide a comprehensive understanding of the pricing trends in the air fryer market on Amazon, we have categorized each brand into four distinct price categories: ‘Affordable,’ ‘Economy,’ ‘Expensive,’ and ‘Premium.’ This categorization is based on the average sale price of each brand.
Brands falling within the price range of less than 5000 have been classified as ‘Affordable,’ indicating that they offer air fryer products at a budget-friendly price point. Brands with an average sale price between 5000 and 10000 have been categorized as ‘Economy,’ representing a mid-range price segment. Brands falling within the price range of 10000 to 20000 have been labeled as ‘Expensive,’ indicating that their air fryer products are priced higher in comparison. Lastly, brands with an average sale price above 20000 have been classified as ‘Premium,’ signifying that they offer air fryer products at a higher price point, often associated with premium features or brand reputation.
From the analysis of air fryer pricing categories on Amazon, several observations can be made:
High demand for affordable and economical options: Many air fryer brands fall into the “affordable” and “economic” categories, indicating a strong demand among Amazon customers for budget-friendly air fryers priced below Rs. 10,000. This suggests that many consumers prioritize affordability when purchasing home appliances like air fryers.
Limited demand for expensive and premium options: The data indicates a relatively minor number of air fryer brands in the “expensive” and “premium” price categories. This suggests that demand for high-end air fryers with premium features or higher quality may be lower among Amazon customers. Consumers may be less willing to pay a premium for air fryers than more affordable options.
Insight into customer preferences: The distribution of air fryer price categories provides valuable insights into the range of options available to customers and their preferences. The higher representation of brands in the affordable and economic categories suggests that a significant portion of customers on Amazon prioritize cost-effective choices when selecting air fryers.
Market dynamics and customer behavior: The data suggest that demand for affordable and budget-friendly options drives the air fryer market on Amazon. This highlights the importance of competitive pricing strategies for brands looking to attract customers in this segment. Understanding customer behavior and preferences about pricing categories can help brands and retailers adapt their product offerings and marketing strategies to better cater to customer needs.
Over the past 7 days, the sale pricing of certain air fryer products from Amazon has exhibited some fluctuations. Notably, the Faber 1300W, Small Hot Air Fryer 2Liter (FAF 2.0 BK) Black, INALSA Air Fryer 2.5 L Inox-1200W, PHILIPS Digital Air Fryer HD9252/90, Philips Essential Air Fryer HD9252/70, 7 Pre-set Collection HD9218 Air Fryer, PHILIPS HL1655/00 Hand Blender, 250W, and SKYLINE VTL-5424 2000-Watt Deep Fryer have shown the most significant price deviations during this period. These fluctuations in sale prices can be attributed to various factors such as changes in demand, supply and demand fluctuations, promotional offers, and competition among sellers. However, it’s important to note that price changes are frequent on e-commerce platforms like Amazon. Therefore, customers should keep an eye on prices and avail of discounts and deals whenever available.
Popularity Analysis of Various Products
The popularity of air fryer products can be assessed by analyzing the number of reviews they receive on Amazon. The number of reviews is an essential indicator of consumer behavior, preferences, and market trends. Products with more reviews tend to be more popular among consumers and are often associated with a strong reputation for quality. On the other hand, products with fewer reviews may indicate lower popularity or less recognition in the market.
Analyzing the number of reviews allows us to identify which air fryer products and brands are in high demand and experiencing growth in popularity. It also helps us identify products that may be declining in popularity or need help to gain traction in the market. This information is valuable for both consumers and businesses. Consumers can rely on the number of reviews to make informed purchasing decisions. At the same time, businesses can use this data to understand consumer preferences, identify opportunities for improvement, and strategically position their products in the competitive market.
The distribution of customer reviews for air fryer Amazon products indicates a range of popularity levels. The majority of products fall into a 0-500 review category, suggesting the occurrence of less or new established products in the market. These products may still be gaining traction and building their customer base.
However, there are also products that have received a modest to substantial number of reviews, with range of 500-4500. This indicates positive customers’ feedbacks and suggests that these products have garnered attention and satisfaction among consumers. These products may have established a stronger presence in the market and have gained a level of popularity.
On the other hand, there is limited competition in well-established businesses because only some products have received over 4500 reviews. This suggests that these products have established a strong customer base and have been successful in generating positive feedback and attention from customers.
The data reveals a mixed pattern in the customer reviews for air fryer products on Amazon. While most of the products have received relatively few reviews, indicating their lower popularity or recent entry into the market, there are notable exceptions with many positive reviews. These exceptions suggest that certain air fryer products have successfully gained popularity and have been well-received by customers.
For consumers, it is crucial to consider both the number of reviews and the overall sentiment expressed in those reviews when making purchasing decisions. While a higher number of reviews may indicate a more extensive customer base and potentially more reliable feedback, it is also essential to pay attention to the overall sentiment of the reviews. Positive reviews can signify customer satisfaction and serve as a valuable indicator of the quality and performance of air fryer products.
From a brand perspective, the data reveals interesting insights into the popularity of different air fryer brands on Amazon. Among the 56 air fryer brands, the majority have less than 500 reviews, suggesting that these brands are either new or less established in the market.
Some of the brands with fewer than 500 reviews include Morphy Richards, Nutricook, Mazoria, and Ninja. These brands may be relatively new entrants or have a smaller customer base compared to more established brands.
On the other hand, there are several moderately popular brands that have received between 500 and 2000 reviews. These brands, such as AmazonBasics, Hawells, Inalsa, Aria Air Fryers, KENT, Pigeon, PHILIPS, and Prestige SOLARA Varada, have managed to garner positive responses and attention from consumers, indicating their satisfactory performance and growing popularity.
Moving further, brands with 2000 to 7500 reviews, such as Ariate, Hamilton Beach, Presto, Prosenic, and Instant, have gained considerable popularity among consumers. These brands have likely captured a significant market share and have received positive feedback from customers, contributing to their growing reputation.
Notably, Instant Pot, manufactured by Instant Brands, stands out as the only brand with over 7500 reviews. This indicates that Instant Pot has not only gained significant attention but has also received a substantial number of positive reviews, solidifying its position as a popular and well-regarded brand in the air fryer market.
By analyzing the number of reviews for different brands, we can gauge their relative popularity and the level of customer satisfaction associated with each brand. This information can be valuable for both consumers, helping them make informed decisions, and businesses, allowing them to assess their brand’s performance and identify areas for improvement.
Analyze Customer Satisfaction for Various Products
Customer satisfaction is a crucial aspect to consider when analyzing various products, and star ratings play a key role in providing insights into how well a product meets the needs and expectations of its users. These ratings serve as valuable feedback from customers who have firsthand experience with the product and significantly impact the product’s sales and brand growth.
Positive star ratings indicate a satisfied customer base and can boost trust and confidence in a product. When potential customers see high ratings, they are more likely to perceive the product as reliable and effective, which can lead to increased sales and brand loyalty.
Overall, star ratings provide a tangible measure of customer satisfaction and play a significant role in shaping a product’s success in the market. By understanding and leveraging these ratings, businesses can strive to meet customer expectations and foster a positive brand image. In contrast, consumers can make more informed choices based on the experiences of others.
Upon analyzing the star ratings of air fryer products on Amazon, several observations can be made:
Most air fryer products, totaling 96, have received star ratings between the range of 4.0 to 4.5. This indicates that most customers who have purchased and evaluated these products are delighted with their features and functionality.
A significant number of products, 42 in total, have received star ratings between 3.5 to 4.0 and 4.5 to 5.0. This suggests that customers generally perceive these products positively, further indicating a high level of satisfaction.
A small proportion of products have received lower star ratings. Specifically, there are five products with ratings between 1.0 to 2.5 and 15 products with ratings between 2.5 to 3.0. It’s important to note that eight products have yet to receive any ratings.
Overall, the data indicates that most air fryer products available on Amazon enjoy positive customer satisfaction, with only a few receiving ratings below 3.0. This suggests that customers are generally content with their air fryer purchases.
However, it is worth mentioning that there are 20 products for which customer satisfaction ratings are unavailable. This could be attributed to these products being relatively new or needing better customer reviews to generate a reliable rating.
Considering the star ratings of air fryer products can provide potential buyers with valuable insights into the overall satisfaction levels of previous customers. Consumers should consider these ratings when making purchasing decisions, as they can serve as a helpful guide to evaluating product quality and performance.
Analyzing the average star ratings of air fryer brands on Amazon reveals several noteworthy observations:
Most brands, encompassing 30, have received higher average star ratings ranging from 4.0 to 4.5. Notable brands within this range include Pigeon, Prestige, Instant, SOLARA, USHA, Xiaomi, and Skyline. These brands have garnered positive customer feedback, indicating high satisfaction with their air fryer products.
Nine brands have an average rating of 3.5 to 4.0, while 11 brands have an average rating of 4.5 to 5.0. Among the high-rated brands are Lifelong, Instant Pot, Morphy Richards, Havells, KIING, AmazonBasics, and MAZORIA. Customers have expressed considerable satisfaction with air fryers from the brands, highlighting their ability to deliver quality products.
On the other hand, brands have lower average star ratings under 3.0, indicating that some customers may have needed more satisfactory experiences with air fryer purchases from these brands.
Overall, the data suggests that most air fryer brands on Amazon have successfully satisfied their customers. Brands with higher average star ratings have proven their ability to provide quality air fryers that meet customer expectations and preferences. However, consumers must consider individual product ratings and reviews within each brand, as satisfaction levels may vary across different air fryer models.
When choosing an air fryer, customers can leverage the average star ratings of brands as a helpful reference to gauge the overall satisfaction levels of previous buyers.
Ranking of Top 7 Products and Brands
The sheer number of options can be overwhelming when looking for the best air fryer brands and products on Amazon. To help narrow down the choices, one can consult the Air Fryer Rank, which considers various factors, such as customer feedback, sales, and overall rating. This ranking system is updated hourly to provide the most up-to-date information based on recent sales and user reviews. For this analysis, we will focus on the top 7 air fryer brands and products on Amazon, based on their rank over seven days.
Here are some key observations based on the Air Fryer Rank throughout 7-days:
The Pigeon’s Healthifry Digital Air Fryer has maintained the top ranking on the Amazon website for seven consecutive days.
Philips dominates the second and third spots with the PHILIPS Digital Air Fryer HD9252/90 having Touch Panel & PHILIPS Air Fryer, India’s top-rated brand of air fryers.
Pigeon has the highest ranking among 71 brands available in Amazon’s category of air fryers during this period.
Other top brands in the air fryer category on Amazon include Havells, SOLARA, KENT, HESTIA, Morphy Richards, and Philips.
Relevant Product Features
When purchasing an air fryer from Amazon, it is crucial to consider several key aspects to ensure that you choose the best air fryer that meets your specific needs. One of the essential features to consider is the wattage of the air fryer.
Wattage
The wattage of an air fryer determines its power and how quickly it can cook your food. Air fryers typically range from 800 to 1800 watts. Higher wattage models tend to be more powerful, allowing them to cook food faster and more efficiently.
Capacity
The capacity of an air fryer is a crucial factor to consider, as it directly affects the amount of food you can prepare in a single cooking session. Different air fryer models offer varying capacities to accommodate different serving sizes and cooking needs.
Smaller capacity air fryers are ideal for individuals or couples who typically cook smaller portions. These models can efficiently handle single servings or small batches of food, making them convenient for everyday use.
On the other hand, larger-capacity air fryers are suitable for families or individuals who frequently cook for multiple people or enjoy hosting gatherings. These models have a more significant food capacity, allowing you to prepare larger quantities simultaneously, saving time and effort when cooking for larger groups.
Material
The material of an air fryer is an essential consideration, as it can significantly impact the appliance’s durability, performance, and overall quality. Two commonly used materials for air fryers are plastic and stainless steel.
Stainless steel is often preferred for its superior durability and longevity. It is known for its resistance to rust, corrosion, and scratches, making it a reliable choice for long-term use. Stainless steel air fryers also offer a sleek and modern appearance that can complement various kitchen styles.
Plastic air fryers, on the other hand, are lightweight and may have a more affordable price point. While they can still provide satisfactory performance, it’s essential to ensure that the plastic used is high quality, BPA-free, and heat-resistant to ensure safe and reliable operation.
Weight
Consider your usage needs and preferences when deciding on the weight of the air fryer. The weight of an air fryer is a crucial factor to consider, as it can affect its portability and ease of use. A lightweight model is more convenient if you move your air fryer frequently or store it away after use. On the other hand, heavier models are more stable on the countertop and less likely to tip over during use.
Country of origin
Air fryers are manufactured in various countries, including China, India, and the USA. Customers may have preferences or specific expectations regarding their country of origin when purchasing. The country of origin is an essential consideration for some customers as it can influence the reliability and quality of the product.
Color
Color is a significant feature for consumers who want air fryers to complement their kitchen decor. Most air fryers are available in popular black, white, red, and stainless steel colors. The availability of different color options allows customers to select an air fryer that fits their personal style and aesthetic preferences.
Conclusion
Over seven days, the Amazon air fryer sales data analysis provides valuable insights into consumer behavior and market trends. By examining brand availability, pricing trends, and other relevant features, we can understand consumer preferences and market demands in the air fryer industry. This data indicates a growing market with many options for diverse customer needs. Affordability is an important consideration for consumers when purchasing air fryers. The insights derived from this analysis can benefit consumers in making purchasing decisions and assist retailers and manufacturers in understanding market trends and consumer behavior.
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SOURCES : https://www.actowizsolutions.com/analyze-time-series-data-amazon-air-fryers-for-deeper-insights.php