Electric lunch boxes are lunch boxes with an attached electric cord and heating base. This electric cord can be plugged into a switchboard and to make the food hot. Many people carry their lunch boxes with them to work. The problem of consuming cold food gave rise to the need for electric lunch boxes, which, unlike conventional lunch boxes, helps in heating the food before consumption.
These electric lunch boxes have gained popularity among working-class individuals and school going students. In fact, electric lunch boxes dominate the market of all kinds of lunch boxes. The companies which operate in the global market for the production of electric lunch boxes are continuously focusing on pricing and brand development, to increase the sales and revenue.
Different types of electric lunch boxes include a single-layer electric lunch box, double layer electric lunch box, and multi-layer electric lunch box. All these electric lunch boxes use different technologies to heat the food, such as microwave applications and steam.
Key Market Players
Tayama,, Koolatron,, Hot Logic,, Ouke Industry Co Ltd,, Zojirushi,, Joyoung,, Thermos,, Seed,, Lfcare,, Bear,, Jaipan Industries Limited,, Leyiduo,, SKG,, Huijia,, Cello,, Milton,
North America and Europe are the key markets for electric lunchboxes because of the availability of a wide range of products and widespread distribution channels. While the Asia Pacific region is also propelling the market growth of this product because of the large population. Japan and China, on the other hand, are the major producers of electric lunch boxes. They export their product mostly to Singapore, Australia, and India.
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COVID-19 Scenario Analysis:
- The advent of COVID-19 will strongly impact the global market for the electric lunch boxes.
- Corona outbreak has led to the disruption of the supply chain, which has, in turn, hampered the growth and sales of the electric lunch boxes and other electronic goods.
- The demand for lunch boxes will remain low until the lockdown situation prevails because these electric lunch boxes were mostly used by working individuals.
- Although it is anticipated that, the demand for electronic lunch boxes will increase after the Corona situation because of the soaring health concerns and high focus on maintaining hygiene and safety.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Major factors that boost the market for electric lunch boxes include rise in disposable income, increase in spending capacity, busy & hectic schedule of the consumers, and surge in awareness about the convenience provided by the electric lunch boxes. There is an increase in the health concerns, which has motivated the consumers to shift back to home-cooked food. In this situation, the ability of electric lunch boxes to keep the food warm attracts a large base of consumers, including travelers, employees as well as, students.
However, the availability of low-cost substitutes like insulated lunch boxes, regular steel or plastic lunch boxes, glassware lunch boxes, and microwave safe tiffin hinder the growth of the global electric lunch boxes. Another roadblock in demand for these lunch boxes is the no supply of electricity or power cuts in many places.
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Although technological advancements and innovations in the portfolio, along with the convenience provided by electric lunch boxes, further help in the growth of the market. Some manufacturers have launched electric lunch boxes, which can be operated on battery, creating better opportunities for this market globally.
The global electric lunch boxes market trends are as follows:
Travel-friendly Electric Lunch Boxes:
Manufacturers are focusing more on innovation and development of the electric lunch boxes, which, in turn, propels the growth of the market for electric lunch boxes. Manufacturers have launched electric lunch boxes that consume less electricity and can be easily used while traveling, which is further creating market demand. Electric lunch boxes that can be charged by connecting with the USB port of cars and vehicles are travel friendly. This innovation is creating many opportunities for this market globally.
Key Benefits of the Report:
- This study presents the analytical depiction of the global electric lunch boxes industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global electric lunch boxes market share.
- The current market is quantitatively analyzed to highlight the global electric lunch boxes market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global electric lunch boxes market analysis based on competitive intensity and how the competition will take shape in coming years.
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Questions Answered in the Electric Lunch Boxes Market Research Report:
- What are the leading market players active in the electric lunch boxes market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
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