What is Bread Maker Market Scope?
Freshly made Gourmet and bakery is most preferred by consumers around the world. Making bread at home was never an option for individuals since the time is taken to manually make bread and having an industrial oven at home was never feasible. But Bread maker has revolutionized this thinking as using small electric powered break maker any individual can make any gourmet bread at home using raw materials. The appliance has a built-in pan and paddles or blades. These bread makers have also helped small businesses as now small restaurants and cafes too can make their own fresh bread.
The Bread Maker market study is being classified by Type (Horizontal Loaf and Vertical Loaf), by Application (Households and Food Service Industry) and major geographies with country level break-up.
The current industry is very fragmented with major players being Panasonic, Kentwood, Phillips, and NACCO Industries Inc. Asian players are expected to dominate the market in the coming years because of the cheap labor force, an abundance of cheap component manufacturers. To meet the changing fast-paced demand companies should focus more on automation and digitization aspects of the products. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Bread Maker market throughout the predicted period.
Koninklijke Philips N.V. (Netherlands), Panasonic Corporation (Japan), Kenwood Corporation (Japan), Zojirushi (China), Funai Electric Co. Ltd. (Japan), Newell Brands Inc. (United States), Pohl Schmitt (Switzerland), Cuisinart (United States), Nacco Industries Inc. (United States) and Breville Group Ltd. (Australia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Siroca Inc. (Japan), Joyoung (China) and De’longhi (Italy).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Bread Maker market by Type, Application and Region.
On the basis of geography, the market of Bread Maker 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).
Market Influencers and their development strategies
In 2018, India’s Leading Electric Equipment Manufacturer Orient Electrics and Italy’s De'Longhi Group Signed a Contract Under which the Two Companies will Partner to Sell De’Longhi Group’s Subsidiaries Braun, De’Longhi & Kenwood’s Small Kitchen Appliances Including Bread Makers.
In 2020, Samsung Began Talks with Korean Electronic Appliance Giant Phillips to Acquire its Domestic-Small Kitchen Appliance Arm.
Influencing Market Trend
- Most Households Now Prefer Fully Automatic, Artificial Intelligence and Internet of Things Enabled Bread Makers
- The majority of Sales in Recent Times are from Online E-Commerce Portals
Market Drivers
- Growing Number of Working Couples is Pushing the Demand for Bread Makers
- Increased Investments in Research and Development in Automation has Led to Innovation of Gadgets
- Rising Incomes of Households and Improvement in Living Standards is Also Pursuing People to Buy Such Products Like Bread Maker
- Increase in Number of Features Including the Option to Make Regional Bread Like Indian Bread
Restraints
- Increasing Trade War Between US and China will Also Lead to Increase in Cost of Production of Bread Maker
Challenges
- Low Awareness About the Product in the Developing Countries Market
- Innovating the Product to be Power Efficient
Key Target Audience
Bread Maker Manufacturers, Suppliers, and Distributers, Component Manufacturers, Venture Capitalist and Private Equity Firms, New Entrants/Investors, Consultancy Firms and Others
Customization available in this Study:
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