About Electric Baking Pan
An electric frying pan, also known as an electric skillet, is a versatile countertop appliance capable of more than just frying. You can use an electric frying pan to bake foods such as cakes, biscuits, cornbread, and potatoes--all without turning on your oven. The best cake pans are made of metal, specifically aluminum or aluminized steel. Aluminum is the best material for baking the perfect cake because it distributes heat quickly and evenly. When it is paired with steel, you get pans that are durable and resistant to warping or denting.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that Asian Vendors will contribute the maximum growth to Global Electric Baking Pan market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DORCO Living (Korea), Tronic Company (Kenya), ZH Corporation, Kawachi (India), LiRen (United States), Midea (China), SUPOR (China), Joyoung (China), Galanz (China) and AUCMA (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Luby (United States) and Rikon (India).
Segmentation Overview
AMA Research has segmented the market of Global Electric Baking Pan market by Type (Single-side Heating and Double-side Heating), Application (Commercial and Household) and Region.
On the basis of geography, the market of Electric Baking Pan has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Sales Channel, the sub-segment i.e. Online Sales Channel will boost the Electric Baking Pan market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Aluminum will boost the Electric Baking Pan market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand from the Commercial Sectors and Growing Demand due to Online Availability
Market Growth Drivers:
The Increasing Number of Working Womens and The Rising Demand for Double-side Heating
Restraints:
The Concern Related to Problems Electric Equipment
Opportunities:
The Rising Demand from Developing Nations
Market Leaders and their expansionary development strategies
In August 2021, Bundy Baking Solutions announced that its industrial baking pan and coating brand, American Pan, is expanding in the European market through the acquisition of Runex, the Swiss company known for its bakeware and coating services.
In October 2023, Chefman launched the Home Slice Electric Pizza Oven to upgrade at-home pizza making. Customers can put their pizza making skills to the test with this meticulously designed electric pizza oven. The Chefman product development team worked tirelessly to create a lightweight, compact, and sleek electric pizza oven perfect for indoor use, no matter the size of the kitchen or skill level as a pizza maker.
Key Target Audience
Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.