An electric lunch box is a portable container that you fill with food, plug in anywhere (say at your desk at work), and the food inside is boiling hot anywhere between 30 minutes and two hours later. Electric lunch boxes include single layer electric lunch boxes, multi-layer electric lunch boxes, and double layer electric lunch boxes. They are used in both private homes and commercial facilities such as restaurants and hotels.
MARKET SCOPE
The "Global Electric Lunch Box Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electric lunch box market with detailed market segmentation by material and distribution channel. The report provides key statistics on the market status of the leading electric lunch box market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on material, the global electric lunch box market is segmented into metal, plastic, others.
- Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others.
MARKET DYNAMICS
Drivers
- Demand for electric lunch box is increasing as people become more aware of the convenience they provide. Demand for electric lunch boxes is being fueled by the proliferation of food carriers for offices, schools, and travel.
- Rising health concerns among city dwellers have prompted them to return to home-cooked meals. The capacity of an electric lunch box to serve warm meals in a very portable manner is likely to appeal to a large number of customers, especially frequent travellers and employees.
Restraints
- Other low-cost alternatives, such as insulated lunch boxes and ordinary steel, plastic, or glassware tiffin and microwave-safe lunch boxes, may stymie the electric lunch box market's growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electric lunch box market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electric lunch box market in these regions.
IMPACT OF COVID-19 ON ELECTRIC LUNCH BOX MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the electric lunch box market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electric lunch box market are anticipated to lucrative growth opportunities in the future with the rising demand for electric lunch box in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electric lunch box market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Haven Innovation
- Nasdaq, Inc
- Hamilton Housewares Pvt. Ltd.
- Jaypee Plus
- Koolatron CA
- Cello World,
- Girmi
- TAYAMA APPLIANCE USA INC.
- GiftEzee
- Sociosis Productions
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.