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Waffle Maker Market : Global Demand Analysis & Opportunity Outlook 2021

Published On : 09:40 AM, 14th September, 2017 REP-ID-148 Category: FMCG & Food

Global Commercial Waffle Maker Market overview

Waffle maker also known as waffle baker is a household cooking appliance. Modern waffle maker has taken quality and ingenuity to a new level, now the market is expanding due to vast categories of waffle baker present in the market. Kitchen appliances are now in a high demand due to rising personal disposable income and changing lifestyle of the people as a result there is a huge competition present in the market among the leading vendors of waffle maker, due the increased competition the price in the market is expected to fall in the near future projecting a high demand in the market. 

Waffles are considered as all-time breakfast among the consumers, technological advancement in the product provides a great experience of taste and quality to the consumers and crystalized the market growth across the globe.   

Market segmentation

 1. By Raw Material:-

 On the basis of raw material used for manufacturing waffle maker, the market can be segmented into following

  • Cast Aluminum
  • Cast Steel
  • Cast Iron
  • Non-Stick

2. By Size:-

Waffle maker in the market comes in two different sizes, depending upon the quantity of food cooked:-

  • Small size (2 squares)
  • Large size (4 squares)

3. By Shape:-

Shape of your waffle baker’s grids will vary depending on the type of waffles you are making, below are some shapes offered in the market

  • American(Round Square)
  • Belgian(Round)
  • Brussels(Rectangular)
  • Liege  (Irregular)

4. By End-use-industry:-

Commercial waffle maker are mainly used in the following sectors:-

  • Household sector
  • Commercial sector

5.By Accessories:-

  • Batter Cups
  • Batter Dispensers
  • Drip Trays
  • Syrup
  • Baking Extras

6. By Number Of Waffles

With size and shape waffle makers comes in following two models:-

  • Single waffle maker
  • Double waffle maker

5. By Geographical Regions:-

  • North America (U.S. & Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia)
  • Rest of World

Growth drivers and challenges

Technological advancement in the product, increasing personal disposable income, low energy consumption, increasing health concerns, cost-effectiveness are the major factor that drive the waffle maker market across the globe. The whole ranges of product with accessories are now available in E-commerce market which is resulted in to high competition among the top vendors and high degree convenience for the consumers.

Increased trend of fast food consumption has raised the demand of waffle maker globally.

Long pre-heat times, longer bake time, regular maintenance, maintaining balance between price and quality are some of the major market restraints for global waffle bakers market.

Market size and forecast

                  

The global kitchen appliances industry revenue is forecast to reach an estimated $170.7 billion in 2018 with a CAGR of 4.1% over the next five years (2013-2018). The market is capital intensive and fragmented as many vendors compete with each to hold their position in the market. Due to growing food and services industry, the market is expected to project a high demand in the near future.

Key players

Following are the leading players providing waffle maker band radar across the globe:-

  • LG Electronics
  • Philips Electronics
  • Whirlpool Corporation
  • AB Electrolux
  • Daewoo Electronics
  • Haier Group
  • Panasonic
  • Sub-Zero Wolf,
  • Fisher & Paykel Appliances Holdings Ltd.,

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
  • Middle East and North Africa (MENA)
  • Rest of World

Segmentation

  • By Raw Material
  • By Size
  • By Shape
  • By End Use Industry
  • By Accessories
  • By Number Of Waffles
  • By Geographical Region

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

                Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?
 

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