Waffle Maker Market : Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 148 | Published On: Feb 14, 2023
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Market Segmentation

Our-in depth analysis of the global waffle Maker market includes the following segments:

By Raw Material

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

By Size

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

By Shape

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

By End-User Industries

  • Household sector
  • Commercial sector

By Number of Waffles

  • Single waffle maker
  • Double waffle maker

By Region

Global Waffle Maker Market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Waffle Maker Market share

Waffle Maker Market size
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Market Size & Forecast

Waffle Maker Market is anticipated to record a decent 3.9% CAGR over the forecast period. Many multi-national companies are concentrating towards new product advancements in waffle making. Additionally, increasing inclination developing economies towards western foods is anticipated to propel growth in the waffle makers market at a fast pace over the forecast period.

Global waffle maker market is observing vibrant growth on account of  increasing disposable incomes and growing food and service industry. Additionally, rising awareness regarding health issues has led to more people cooking at home resulting in increased demand for waffle makers.

On the basis of regional platform, global waffle Maker market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The North American market is anticipated to showcase a decent growth rate on the account of rising awareness regarding healthcare issues in the region which further leads to increasing consumption of healthy low energy consumption homemade food.

Asia Pacific is expected to drive demand and positively impact waffle Maker market growth over the forecast period on account of increasing waffle maker application in restaurants, homes and commercial work places. The changing eating habits in the emerging economies are anticipated to increase the demand for waffle makers in countries such as India, China and many other countries in the Asia-Pacific region.

Waffle Maker Market size

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Growth Drivers & Challenges

Technological advancement in the waffle maker is attracting more consumers towards buying waffle makers for household cooking due to ease in the cooking process. Additionally, increasing personal disposable income along with cost-effective products range is anticipated to increase the demand for waffle makers market. Moreover, low energy consumption, and increasing health concerns, is the major factor that is driving the waffle maker market across the globe. Consequently, increased demand has resulted in decreased prices of these products especially in the developing countries. Changing eating habits across regions is resulting in high demand of waffle makers. Additionally, increasing trend of fast food consumption and western eating habits in the developing economies has propelled the demand of waffle maker globally.

However, factors for instance long pre-heat times, longer bake time, regular maintenance are some of the major market restraints that are predicted to affect the waffle bakers market across the globe.

Waffle Maker Market share
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Top Featured Companies Dominating the Market

    • VonShef
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Waring
    • Krampouz
    • Star Manufacturing International
    • Nordic Ware
    • Nemco Food Equipment
    • Brentwood Appliances
    • Wells Manufacturing
    • Cuisinart
    • Sage Appliances

In The News

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

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