Roti Maker Market to observe USD 34.32 Mn incremental growth; Driven by growth in online sales

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20 Oct, 2022, 05:30 ET

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NEW YORK, Oct. 20, 2022 /PRNewswire/ -- The global roti maker market size is expected to increase by USD 34.82 million, accelerating at a CAGR of 4.29% between 2021 and 2026. To estimate the size of the market, Technavio has considered various factors including the consumer base, adoption rate, average selling price, revenue generated by vendors, population mix based on various income categories, and final household consumption expenditure among others. Understand how the purchase of the report can have a direct impact on your revenue. Request a Sample PDF Report

Technavio expects the market growth to be driven by the increasing online sales of roti makers. The rising accessibility to the internet and the increasing penetration of smartphones have encouraged consumers to purchase household appliances, such as roti makers, online. Online platforms allow consumers to check for new products and buy in the best price range. The growth in online sales of household products is also helping retailers to target untapped markets across the world with the help of the wide visibility offered by the internet. They are also offering security features for online payments, improved customer service, free delivery options, and easy-to-navigate shopping websites to make the shopping experience more convenient for consumers. All these factors are fostering the growth of the global roti makers market.

However, the fluctuations in raw material prices and operational costs might challenge the growth of market players. The cost of kitchen appliances such as roti makers depends on the manufacturing costs, labor costs, raw material costs, transportation costs, and marketing costs. The price of raw materials such as steel, iron, plastic, glass, electronic equipment, and paints change and fluctuate with international prices. Also, the procurement of these raw materials includes add-on costs such as transportation and other necessary services, the constraints of suppliers, and the inability to maintain favorable arrangements with suppliers for the adequate and timely delivery of raw materials. All these factors adversely affect the cost of roti markets, thereby reducing the growth potential in the market.

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The market will witness maximum demand for roti markets from commercial end-users during the forecast period. The segment is driven by the increasing demand for indigenous crop-based fiber-rich food products such as roti or chapati, a growing elderly population across the globe, and the convenience of mass manufacturing of roti by employing roti makers. Also, the proliferation of advanced kitchen appliances such as roti makers across the commercial sector will also foster the segment's growth.

APAC will emerge as the major market for roti makers, occupying 60% of the global market share. The growing demand for indigenous crop-based fiber-rich food products such as roti or chapati, especially across countries such as India, China, Japan, and South Korea is driving the growth of the regional market. In addition, rising disposable incomes income and rapid urbanization are increasing the demand for innovative and advanced household appliances, such as roti makers, which is driving the growth of the roti maker market in APAC.

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Global Household Appliance Market 2021-2025: The global household appliance market is segmented by product (major household appliances and small household appliances), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and MEA). The market will witness increased demand for household appliances from the offline distribution channel over the forecast period. APAC will account for the maximum market share. View Report Snapshot Here

Global Smart Kitchen Appliance Market 2021-2025: The global smart kitchen appliance market is segmented by product (smart large cooking appliance, smart refrigerator, smart small cooking appliance, and smart dishwasher), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA). The market will observe increased demand for smart large cooking appliances over the forecast period. North America will emerge as a major market. View Report Snapshot Here

Roti Maker Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.29%

Market growth 2022-2026

USD 34.32 million

Market structure

Fragmented

YoY growth (%)

3.52

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 60%

Key consumer countries

US, Canada, India, Australia, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Bajaj Vacco electrical, Brentwood Appliance Inc., Fortune Engineering, iBELL, Jackson Machine, Jaipan Industries Ltd., Miyako Appliance Ltd., Mukunda Foods Pvt Ltd, Nexgen India Food Machine Industries, Prabhat Machine Tools, Rallison Appliances Pvt. Ltd., Sunflame Enterprises Pvt. Ltd., Treasure Retail Pvt. Ltd., TTK Prestige Ltd., and Zimplistic India Pvt Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

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Contacts

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio