NEWARK, Del, May 25, 2022 (GLOBE NEWSWIRE) -- The Portable Sandwich Marker Market is expected to escalate at a CAGR of 11.6% from USD 797.4 Million in 2022 to USD 2387.2 Million through 2032.
With all cafes, restaurants, and retail outlets closed due to the pandemic, the demand for portable sandwich makers for commercial purposes has greatly decreased. Due to trade barriers, the supply chain of the portable sandwich maker market has been disrupted.
There is an increasing demand for portable sandwich makers in households owing to the popularity of sandwiches at breakfast, which has contributed to the growth of the portable sandwich maker market. Several countries have shut down their industries, thus causing the production of portable sandwich makers to drop drastically. Also, labor mobility has been restricted in many places, and raw materials are hard to come by.
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Increasing numbers of fast-food restaurants, coffee shops, and food joints around the world contribute to the growth of the portable sandwich maker market. Portable sandwich makers allow food joints to quickly cook food, causing them to buy this product in higher numbers.
Several factors drive the growth of the portable sandwich maker market, including the growth of the population, disposable incomes, and western influences on cooking methods.
The increase in energy prices, transportation costs, and depreciation increase the cost of portable sandwich makers. This causes companies to worry about a rapid decline in profit, which further restrains the growth of the portable sandwich maker market.
As products continue to be innovated and advanced technology advances, manufacturers are obliged to develop new products that satisfy the needs of consumers. The top players have come up with smart portable sandwich makers that are easy to use, and the companies have come up with products that are compatible with connected devices, including smartphones.
Government initiatives are pushing for energy-efficient appliances and increasing consumer demand, leading to the development of portable sandwich makers in a variety of sizes for households and commercial settings.
KEY TAKEAWAYS:
- The portable sandwich marker market is predicted to develop at a CAGR of 11.6% in the section of the solution category.
- The outdoor segment of the location type category in portable sandwich marker market is likely to lead through 2032.
- In the United States, the portable sandwich marker market is estimated to hold dominance throughout the forecast period.
- By 2032, the portable sandwich marker market in the United Kingdom is expected to show high growth through 2032.
COMPETITIVE LANDSCAPE:
In recent years, the portable sandwich maker market has developed a competitive edge.
The industry includes Huayu Electrical Appliance Group Co.,Ltd., Zhejiang Wisdom Industry & Trade Co. Ltd., Hamilton Beach Brands, Inc.,Nostalgia Products, TTK PRESTIGE LIMITED, Cello World, Ningbo Mengte Import&Export Co.,Ltd., Borosil, Morphy Richards, Breville USA, and Russell Hobbs ( Spectrum Brands , Inc.).
The portable sandwich maker market is characterized by the presence of a large number of regional manufacturers offering a variety of products. To meet the demands of various consumers, these companies devise various strategies, such as offering cheap and valuable portable sandwich makers.
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RECENT DEVELOPMENT:
The top players have come up with smart portable sandwich makers that are easy to use, and the companies have come up with products that are compatible with connected devices including smartphones.
A portable sandwich maker offered by Griffin technology, for example, is compatible with mobile devices via Bluetooth, has options for defrosting, and features automatic heating. The convenience of intelligent, portable sandwich makers is anticipated to be an important factor influencing consumer behaviour.
Government initiatives are pushing for energy-efficient appliances and increasing consumer demand, leading to the development of portable sandwich makers in a variety of sizes for households and commercial settings.
Key segments
By Product Type:
- Single Panini Grill Maker
- Double/Dual Panini Grill Maker
By Material Type:
- Stainless Steel
- Bakelite/Aluminum
- Cast Iron
- Glass
- Others (Alloy, etc.)
By Price Range:
- Low
- Medium
- High/Premium
By Application:
- Residential
- Commercial
By Sales Channel:
- Wholesaler/Distributor
- Hypermarkets/Supermarkets
- Multi-brand Stores
- Specialty Stores
- Independent Small Stores
- Online Retailers
- Other Sales Channel
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
TOC Continue…
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