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Electric Lunchbox Market to Surge at a Robust Pace by 2025

May 14th 2019 at 11:18 AM

Single layer electric lunch box, multi-layer electric lunch box, and double layer electric lunch box are some of the key products available in the global market for electric lunch box. They find application both in households and commercial establishments such as restaurants, hotels, etc. Different technologies are used to heat electric lunchbox these days. Depending on those, the market can be segmented into microwave application and steam.

Companies operating in the global market for electric lunch box, are seen focusing on pricing and brand development in order to up sales and revenues.

A recent research study Transparency Market Research furnishes crucial facts and figures pertaining to the global market for electric lunch box after thoroughly studying it from different angles. It throws light on the factors providing tailwinds and headwinds to the market. It also examines the competitive landscape in the market for electric lunchbox by leveraging popular analytical tools such as SWOT Analysis and Porter’s Five Forces. The report also presents an executive-level blueprint of the market.

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It has been noticed that electric lunch box accounted for a dominant share in the overall lunch box market because of continued thrust on product innovation. This has led to emergence of more cutting-edge products every now and then. For example, introduction of electric lunch boxes that consume lesser electricity is expected to boost the market big time in the near future.

Apart from that, other factors majorly boosting the market are increasing spending capacity of people and their pressing schedules. Rising awareness about the convenience offered by lunch boxes is also boosting their demand. Proliferation of food carriers for offices, schools, and travel is serving to stoke demand for electric lunch box too.

Acting as roadblock to soaring demand in the market, on the other hand, is the power cuts or no supply of electricity at many places. Besides, steep prices of electric lunch boxes and easy availability of cheaper substitutes are also dealing a blow to the market.

Electric lunch boxes are sold through both online and offline distribution channels. Between the two, the online distribution modes will see greater uptake by consumers owing to the convenience they accord and the plethora of products they usually have to offer. Offline distribution channels such as supermarkets, hypermarkets, and other electric stores too are seeing swift sales of electric lunch box, albeit at a lesser pace.

Geographically, South America, North America, Asia Pacific, Europe, and the Middle East and Africa are some of the main segments in the global market for electric lunch box. Among them, North America and Europe are key markets due the availability of a range of products via myriad distribution channels. Asia Pacific is another key region on account of the large developing economies in the region, typically having large populations as well. Nations of Japan and China are major producers of electric lunch boxes outfitted with innovative technologies for better performance. They mostly export their products to Singapore, Australia, and India. South America and the Middle East and Africa are other important regions that are witnessing soaring demand.

In order to assess the competition prevailing in the global market for electric lunch box, the report profiles players such as Tayama, Koolatron, Hot Logic, Zojirushi, Thermos, Seed, Lfcare, Bear, SKG, Huijia, Cello, Milton, and Jaipan.

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