Bread Maker Market size to grow by USD 228.62 million from 2022 to 2027, Europe to account for 37% of the market growth - Technavio

NEW YORK, April 20, 2023 /PRNewswire/ -- The bread maker market size is estimated to grow by USD 228.62 million from 2022 to 2027, growing at a CAGR of 8.33%. Europe is estimated to account for 37% of the market growth during the forecast period. A primary driver for market growth is the rising bread consumption in the region. Factors such as the introduction of multifunctional products in the home appliance sector, demand for cutting-edge products, and the increased need for innovative and advanced products also fuel market growth in the European region. There is an increased need for innovative and advanced products to meet this growing demand. For comprehensive details on the market size of historic period (2017 to 2021) and forecast period (2023-2027) - View a sample report

Bread Maker Market - Vendor Landscape
The bread maker market is fragmented; the vendors are competing with each other and are trying to get a higher market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning, technological advances, and the price of the products.

Company Profiles

The bread maker market report includes information on the product launches, sustainability, and prospects of leading vendors including AGARO, Bajaj Electricals Ltd., Breville Pty Ltd, Cuisinart, DeLonghi Appliances S.r.l., Glen Dimplex Europe Holdings Ltd., Hamilton Beach Brands Holding Co., JVCKENWOOD Corp., KENT RO Systems Ltd., Koninklijke Philips NV, Lifelong Online Retail Pvt. Ltd., NESCO, Newell Brands Inc., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., SANA PRODUCTS LTD., SEB SA Co., Sharp Corp., Siroca Inc., Stanley Black and Decker Inc., and Zojirushi Corp.

Bread Maker Market - Market Dynamics

Major Drivers & Challenges- The market is driven by factors such as product innovations and advances leading to portfolio extension and product premiumization, increasing number of product launches, and the growth in online sales. However, the threat from counterfeit products is hindering market growth. 

The growth of online sales is a major driving factor for the growth of the bread maker market during the forecast period. As a result of the increased access to the internet, consumers around the world are buying household appliances online, including kitchen appliances such as bread makers. Home appliance sales are boosted globally by the growing use of smartphones and other high-tech devices. Online platforms provide advantages, including convenience, easy access to products, better promotions, and on-time delivery, to encourage customers to buy household products online.

A major challenge impeding the market growth of the bread maker market is the long product replacement cycles. Innovative designs and cutting-edge features notably drive the sales of household appliances. The majority of home appliances are built for long-term use. They do not typically need to be upgraded or replaced frequently. Home appliances from companies such as Panasonic are dependable, high-quality, and extremely long-lasting. Moreover, reputable producers of bread makers make significant R&D investments to increase the useful life of this equipment.

Key Trends - The increasing adoption of multi-functional and advanced products are some of the opportunities for the market players to grow. Various vendors are constantly innovating to meet the rising demand for multi-functional home appliances in order to stay competitive, draw significant customer attention, broaden their customer base, and create demand. For instance, SKG Electric's SKG 2LB Automatic Programmable Bread Machine Multifunctional Bread Maker has features that can be used for multiple purposes. The product has three crust color options, a 15-hour delay timer, an automatic keep-warm feature, and 19 programmable menus. The cost of standard appliances is lesser than the cost of multi-functional appliances. However, consumers look for multi-functional home appliances because they outperform traditional home appliances in terms of return on investment. Hence, such innovative features and benefits are expected to propel the growth of the market during the forecast period.

Technavio has identified key market trends, drivers, and challenges for better
growth strategies. - View a Sample Report

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others.

Bread Maker Market - Market Segmentation

This bread maker market report extensively covers market segmentation by distribution channel (offline and online), product (automatic bread maker and regular bread maker), and geography (Europe, North America, APAC, South America, and Middle East and Africa).

• The market share growth by the offline segment will be significant during the forecast period. This segment includes sales of bread makers through specialty stores, department stores, hypermarkets, supermarkets, convenience stores, and clubhouse stores. Vendors continue to maintain strategic partnerships with the reputable chain of retailers for home appliances to meet the growing demand for the products. As more retailers open their own stores, vendors have more flexibility in planning their budgets for activities such as brand development, marketing, advertising, and IT support. Moreover, department stores have competitive pricing on bread makers compared to other offline channels. Hence, all these factors will fuel the market segment growth during the forecast period. 

For more key insights on the impact of different segments on the market growth,
download a sample report!

Related Reports:

The specialty bakery market size is projected to rise by USD 10.54 billion from 2021 to 2026 at a progressive CAGR of 4%. The specialty bakery market report extensively covers market segmentation by product (specialty bread, specialty cakes and pastries, specialty cookies, specialty crackers and pretzels, and other specialty bakery products) and geography (North America, Europe, APAC, South America, and MEA). The growing demand for functional ingredients is notably driving the specialty bakery market growth.

The fresh baked products market size is estimated to grow at a CAGR of 6.4% between 2022 and 2027. The market size is forecasted to increase by USD 92.47 billion. This fresh baked products market report extensively covers market segmentation by product (breads and rolls, cookies/ cakes/ pastries, and morning baked goods), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The strong distribution network between bakery product manufacturers and customers is notably driving market growth.

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Table Of Contents : 

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global bread maker market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global bread maker market 2017 - 2021 ($ million)

• 4.2 Distribution Channel Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
• Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 32: Chart on Comparison by Distribution Channel
• Exhibit 33: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 6.4 Online - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel 
• Exhibit 42: Market opportunity by Distribution Channel ($ million)
• Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by Product

• 7.1 Market segments
• Exhibit 44: Chart on Product - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 46: Chart on Comparison by Product
• Exhibit 47: Data Table on Comparison by Product

• 7.3 Automatic bread maker - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Automatic bread maker - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Automatic bread maker - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Automatic bread maker - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Automatic bread maker - Year-over-year growth 2022-2027 (%)

• 7.4 Regular bread maker - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Regular bread maker - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Regular bread maker - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Regular bread maker - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Regular bread maker - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Product 
• Exhibit 56: Market opportunity by Product ($ million)
• Exhibit 57: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027 
• Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027 
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Bajaj Electricals Ltd. 
• Exhibit 111: Bajaj Electricals Ltd. - Overview
• Exhibit 112: Bajaj Electricals Ltd. - Business segments
• Exhibit 113: Bajaj Electricals Ltd. - Key news
• Exhibit 114: Bajaj Electricals Ltd. - Key offerings
• Exhibit 115: Bajaj Electricals Ltd. - Segment focus

• 12.4 Breville Pty Ltd
• Exhibit 116: Breville Pty Ltd - Overview
• Exhibit 117: Breville Pty Ltd - Product / Service
• Exhibit 118: Breville Pty Ltd - Key offerings

• 12.5 Cuisinart
• Exhibit 119: Cuisinart - Overview
• Exhibit 120: Cuisinart - Product / Service
• Exhibit 121: Cuisinart - Key offerings

• 12.6 DeLonghi Appliances S.r.l. 
• Exhibit 122: DeLonghi Appliances S.r.l. - Overview
• Exhibit 123: DeLonghi Appliances S.r.l. - Business segments
• Exhibit 124: DeLonghi Appliances S.r.l. - Key news
• Exhibit 125: DeLonghi Appliances S.r.l. - Key offerings
• Exhibit 126: DeLonghi Appliances S.r.l. - Segment focus

• 12.7 Glen Dimplex Europe Holdings Ltd. 
• Exhibit 127: Glen Dimplex Europe Holdings Ltd. - Overview
• Exhibit 128: Glen Dimplex Europe Holdings Ltd. - Product / Service
• Exhibit 129: Glen Dimplex Europe Holdings Ltd. - Key offerings

• 12.8 JVCKENWOOD Corp.
• Exhibit 130: JVCKENWOOD Corp. - Overview
• Exhibit 131: JVCKENWOOD Corp. - Business segments
• Exhibit 132: JVCKENWOOD Corp. - Key news
• Exhibit 133: JVCKENWOOD Corp. - Key offerings
• Exhibit 134: JVCKENWOOD Corp. - Segment focus

• 12.9 Koninklijke Philips NV 
• Exhibit 135: Koninklijke Philips NV - Overview
• Exhibit 136: Koninklijke Philips NV - Business segments
• Exhibit 137: Koninklijke Philips NV - Key news
• Exhibit 138: Koninklijke Philips NV - Key offerings
• Exhibit 139: Koninklijke Philips NV - Segment focus

• 12.10 NESCO
• Exhibit 140: NESCO - Overview
• Exhibit 141: NESCO - Product / Service
• Exhibit 142: NESCO - Key offerings

• 12.11 Newell Brands Inc.
• Exhibit 143: Newell Brands Inc. - Overview
• Exhibit 144: Newell Brands Inc. - Business segments
• Exhibit 145: Newell Brands Inc. - Key news
• Exhibit 146: Newell Brands Inc. - Key offerings
• Exhibit 147: Newell Brands Inc. - Segment focus

• 12.12 Panasonic Holdings Corp. 
• Exhibit 148: Panasonic Holdings Corp. - Overview
• Exhibit 149: Panasonic Holdings Corp. - Business segments
• Exhibit 150: Panasonic Holdings Corp. - Key news
• Exhibit 151: Panasonic Holdings Corp. - Key offerings
• Exhibit 152: Panasonic Holdings Corp. - Segment focus

• 12.13 Samsung Electronics Co. Ltd. 
• Exhibit 153: Samsung Electronics Co. Ltd. - Overview
• Exhibit 154: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 155: Samsung Electronics Co. Ltd. - Key news
• Exhibit 156: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 157: Samsung Electronics Co. Ltd. - Segment focus

• 12.14 SEB SA Co.
• Exhibit 158: SEB SA Co. - Overview
• Exhibit 159: SEB SA Co. - Business segments
• Exhibit 160: SEB SA Co. - Key news
• Exhibit 161: SEB SA Co. - Key offerings
• Exhibit 162: SEB SA Co. - Segment focus

• 12.15 Siroca Inc.
• Exhibit 163: Siroca Inc. - Overview
• Exhibit 164: Siroca Inc. - Product / Service
• Exhibit 165: Siroca Inc. - Key offerings

• 12.16 Stanley Black and Decker Inc. 
• Exhibit 166: Stanley Black and Decker Inc. - Overview
• Exhibit 167: Stanley Black and Decker Inc. - Business segments
• Exhibit 168: Stanley Black and Decker Inc. - Key news
• Exhibit 169: Stanley Black and Decker Inc. - Key offerings
• Exhibit 170: Stanley Black and Decker Inc. - Segment focus

• 12.17 Zojirushi Corp.
• Exhibit 171: Zojirushi Corp. - Overview
• Exhibit 172: Zojirushi Corp. - Product / Service
• Exhibit 173: Zojirushi Corp. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations 
• Exhibit 180: List of abbreviations

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