Electric Lunch Boxes Market Scope
An electric lunch box is an electrical appliance that is designed to warm up your food anytime & anywhere. It is useful for users to enjoy a hot meal when not at home. The factors such as Increased Disposable Income of the People and Rise in the Number of Online Customers are driving the global electric lunch boxes market. Fluctuations in thr Raw Material Prices and Higher Prices Compared to Normal Lunch Boxes may hamper the market growth.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | TAYAMA APPLIANCE (United States), Koolatron Corporation (Canada), Hot Logic (United States), Zojirushi Corporation (Japan), Thermos LLC (United States) and Cello (India) |
CAGR | % |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that france Vendors will contribute to the maximum growth of Global Electric Lunch Boxes market throughout the predicted period.
TAYAMA APPLIANCE (United States), Koolatron Corporation (Canada), Hot Logic (United States), Zojirushi Corporation (Japan), Thermos LLC (United States) and Cello (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are TAYAMA(Japan) and CELLO(India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Electric Lunch Boxes market by Type , by Application (Household and Commercial) and Region with country level break-up.
On the basis of geography, the market of Electric Lunch Boxes 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In August 2022, Jaypee Plus announced the release of its electric line, which comprises electric lunch packs and chafing dishes. The new collection features the e-warmer-electric chafing dish, hot pot electric lunch box, power meal with steel electric lunch box, hot-line electric plastic lunch box with 4 steeliness steel containers, and Spark 4 cherry lunch box. These products are made with stainless steel and BPA-free plastic.
In September 2022,Houseware brand Jaypee has announced the launch of its electric series that electric lunch boxes and chafing boxes.
Influencing Trend:
Increased Penetration of the Internet and Robust Increase in the Distribution Channels
Market Growth Drivers:
Increased Disposable Income of the People and Rise in the Number of Online Customers
Challenges:
Availability of Low-Quality Products in Cheaper Rates
Restraints:
Fluctuations in thr Raw Material Prices and Higher Prices Compared to Normal Lunch Boxes
Opportunities:
Growth in the Home Appliance Product Industry and Growth in the E-commerce Industry
Key Target Audience
Electric Lunch Boxes Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users