Global Electric Lunchbox Market Overview:
The electric lunch box is a kind of lunch box, that warms up the food at a particular temperature, which ends up providing the sense of freshly ready food. Electrical lunch boxes are made of food-grade materials to stay the food hot for a longer amount and are non-toxic. In the modern world particularly the millennials portray a vital interest in technology that permits them to opt for an effortlessly available convenient product within the market. This has inspired the electric lunchbox appliance makers to induce into untapped markets by renovating a number of the standard food appliances to electric appliances. An electric lunchbox is one such food appliance that has been gaining more and more traction among its target customers due to the glorious options it provides in the market. Single-layer electrical lunch boxes, multi-layer electrical lunch boxes, and double-layer electric lunch boxes are a number of the key product offered within the global marketplace for electric lunch boxes. They notice applications each in households and business institutions like restaurants, hotels, etc. Completely different technologies are accustomed to electric lunchboxes recently. Looking at those, the market is divided into microwave applications and steam.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Trend of Providing Notorious Warm Healthy Food
Market Growth Drivers:
The Rising Popularity to Have Healthy Diet, Increasing Number of People Taking Road Trips and Increasing Demand from The Students, Employees, Hikers, and Drivers
Challenges:
The Availability of Substitute Products
Restraints:
High Cost of The Product
Opportunities:
The Increasing Technological Advantages in The Product and Rising Penetration of the Online Platform
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Faitron (Switzerland), Kobwa (United States), Tayama Appliance Usa Inc (United States), Haven Innovation (United States), Newell Brands (United States), Hamilton Housewares Pvt. Ltd. (India), Jaypee Plus (India), Koolatron CA (Canada), Cello World (India) and Milton (Australia). Analyst at AMA Research see United States Vendors to retain maximum share of Global Electric Lunchbox market by 2027. Considering Market by Distribution Channel, the sub-segment i.e. Supermarkets will boost the Electric Lunchbox market. Considering Market by Powering Type, the sub-segment i.e. Battery-powered will boost the Electric Lunchbox market.
Latest Market Insights:
In October 2023, Nomad Goods announced a partnership with Food Network to release a limited-edition electric lunchbox featuring recipes from popular chefs.
In October 2023, Nomad Goods announces a partnership with Food Network to release a limited-edition electric lunchbox featuring recipes from popular chefs. This collaboration targets food enthusiasts seeking gourmet options for their on-the-go meals.
What Can be Explored with the Electric Lunchbox Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Electric Lunchbox Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Electric Lunchbox
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electric Lunchbox market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Electric Lunchbox market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Electric Lunchbox, Suppliers and Distributors of Electric Lunchbox, Venture Capitalists and Private Equity Firms and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.