An electric lunch box is a portable gadget for heating and warming food. It's an innovative way to keep food warm and fresh. A heating base and one or more food-storage containers comprise the electric lunch box. The base may be powered on and containers stacked on top of it. When the heating element in the base is activated, it generates heat that is transferred to the containers, warming the food inside. It eliminates the need to transport separate containers of hot and cold meals and keeps the food fresh and warm throughout the day.
Global Electric Lunch Box Market Driving Factors and Challenges
The Electric Lunch Box market is being driven by several key factors. One of the main drivers is increased disposable income and increased demand for plastic electric lunch boxes among millennials in developing countries such as Brazil, China, and India will drive market expansion during the forecast period. Plastic electric lunch boxes are less expensive and lighter than other types of electric lunch boxes, which is predicted to increase the market's growth rate. People nowadays are mostly looking for electric lunch boxes that use less electricity and can be charged using a car's Universal Serial Bus (USB) charging adapter. Low electricity consumption lowers power consumption.
However, the Electric Lunch Box market is not without its challenges. One of the main challenges is The appearance of many low-cost competitors, such as insulated, microwave-safe lunch boxes and regular steel, glassware, or plastic tiffin, may hinder the growth of the electric lunch box market. Furthermore, developing fierce competition among market competitors, as well as a lack of awareness about product availability, would provide further barriers to market progress throughout the forecast period.
Impact of COVID-19 on Global Electric Lunch Box Market
COVID-19 has reduced demand for electric lunch boxes due to government lockdowns and the closure of colleges, offices, schools, and other workplaces. During the outbreak, people were forced to stay at home. The market suffered as a result of the widespread usage of electric lunch boxes by the working population. As a result of the lockdown, people were working from home, which reduced demand for electric lunch boxes. Due to consumer health concerns and a strong emphasis on safety and hygiene, it is projected that demand for electric lunch boxes will return to normal in the coming years.
Global Electric Lunch Box Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Cello, Garmin Ltd, Hamilton Housewares Pvt. Ltd, Haven Innovation, Hotlogic, Koolatron, Newell Brands, SkG Electric Co Ltd, Sociosis Productions, Tayama Appliance, Thermos.
Global Electric Lunch Box Market Segmentation:
By Type: Based on the Type, Global Electric Lunch Box Market is segmented as; Grid Electric Lunch Boxes, Container Electric Lunch Boxes.
By Technology: Based on the Technology, Global Electric Lunch Box Market is segmented as; Microwave Application, Steam.
By Material Use: Based on the Material Use, Global Electric Lunch Box is segmented as; Plastic, Metal, Glass.
By Application: Based on the Application, Global Electric Lunch Box is segmented as; Food, Vegetables, Others
By End User: Based on the End User, Global Electric Lunch Box is segmented as; Household, Commercial.
By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.