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The crepe makers market size is estimated to grow at a CAGR of 8.32% between 2022 and 2027. The market size is forecast to increase by USD 106.62 million. The growth of the market depends on several factors, including the increasing demand for energy-efficient electric crepe makers, the changing food preferences across regions due to globalization, and the growing demand for restaurant services.
This crepe makers market report extensively covers market segmentation by end-user (commercial and residential), product (gas crepe and electric crepe), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing demand for energy-efficient electric crepe makers is notably driving the market growth, although factors such as the requirement for high initial capital investments may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the growth of the crepe makers market is the increasing demand for energy-efficient electric crepe makers. Vendors in the market are coming up with several models of energy-efficient crepe makers that consume less power, even when in use for a longer period. The cost of electricity is rising across the globe. Therefore, consumers are looking for better substitutes for cooking and kitchen appliances.
With the introduction of power-efficient crepe makers, consumers are inclined toward the adoption of these appliances, which can save household expenditure to a certain extent. The easy portability of the appliance and its ease of cleaning are other factors that support the price and sales of electric crepe makers. Such factors will increase market growth during the forecast period.
Fast cooking time is a crepe makers market trend, which is expected to have a positive impact during the forecast period. The rate of employment has grown to a significant level over the past decade. Both men and women in a household are employed, which reduces their time to cook at home. Consumers are showing interest in purchasing appliances that can help reduce the time for cooking.
The crepe maker is one of those cooking appliances that can cook different kinds of food in a very short period. This aspect drives the sales of the appliance in the market. Crepe makers are expected to gain more popularity among nuclear families and encounter a surge in demand during the forecast period.
The requirement for high initial capital investments will be a major challenge impeding the crepe makers market growth during the forecast period. The cost of investment in the manufacturing and distribution of cooking appliances continues to be a roadblock to market growth globally. Digital technologies are used in appliances to improve their functionality and performance. Hence, these devices are more in demand among consumers. Vendors in the market are required to partner with several technology companies to impart features such as Bluetooth connectivity, Wi-Fi compatibility, and smart sensors to their devices.
The formulation of the design and architecture of the appliance requires a rigorous R&D process during the initial phase of setup. Thus, owing to all these factors, a vendor requires significant initial expenditure to invest in the market. The high initial capital investments are a challenge for the market as all the companies are not financially strong enough to bear the cost of investment. Such factors will hinder the market growth during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Crepe Makers Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Beper S.r.l.: The company offers crepe maker namely Beeper Forneria Verona crepe maker. It also focuses on manufacturing small home appliances, kitchen appliances, personal care, and home cleaning.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the commercial segment will be significant during the forecast period. The increasing number of domestic and international players in the market has raised the volume turnover of the market. The presence of leading market players in Europe and North America has fueled the competition among players. The global crepe makers market is a highly competitive and expanding economy sector with a wide range of commercial applications.
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The commercial segment was valued at USD 129.63 million in 2017 and continued to grow until 2021. In this segment, restaurants, cafes, food trucks, and other businesses that provide food services and include crepes on their menus make up most of the commercial segment for crepe makers. Most crepe makers' clients are restaurants and cafes because they offer crepes as a popular dessert or as the main course for brunch or breakfast. Due to their portability and convenience, food trucks are becoming increasingly popular, and crepes are one of their most popular dishes. The demand for commercial crepe makers has also increased using crepe makers at hotels and resorts' breakfast buffets. Such factors will increase segment growth during the forecast period.
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North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The US and Canada are the leading countries in the crepe makers market in North America. A high level of product awareness and product utility are the two significant market drivers, making it one of the most infrastructure-ready markets for crepe makers. The market has experienced exponential growth in these leading countries as most consumers are exposed to information about kitchen appliances from the high penetration of TV shows and programs, such as MasterChef and various YouTube channels. This supports the growing awareness of kitchen appliances and the latest product innovations.
In addition, the availability of numerous job opportunities encourages people from rural areas to migrate to cities. People seek convenient and easy-to-prepare meals due to busy work schedules and hectic lifestyles. This drives the adoption of convenience food products such as tortillas and galleries in the region, fueling the demand for crepe makers in North America.
In 2020, the COVID-19 pandemic positively impacted the regional crepe makers market. However, easing lockdown regulations and widespread immunization campaigns for vaccination drives across North America led to the resumption of several commercial activities, such as the reopening of restaurants, bistros, and cafes, which further increased the demand for crepe makers throughout the region. As a result, the increasing demand for crepe makers' products is predicted to increase the growth of the regional crepe makers market during the forecast period.
The crepe makers market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global crepe makers market as a part of the global household appliances market within the global household durables industry. The parent global household appliances market covers revenue generated by manufacturers of electric household appliances and related products. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
Crepe Makers Market Scope |
|
Report Coverage |
Details |
Page number |
155 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.32% |
Market growth 2023-2027 |
USD 106.62 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.5 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 38% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Beper S.r.l., Casselin SAS, CHEFMAN, Conair Corp., Dinesh Industries, Domu Brands Ltd., Equipex LLC, Euro Cuisine Inc., Eurolux, Hamilton Beach Brands Holding Co., NutriChef Kitchen LLC, Paderno S.p.A., Restaurant Kitchen Equipment LLC, ROLLER GRILL INTERNATIONAL SAS, Salton Corp., SCS Direct Inc., SEB Developpement SA, StarBlue, Stonewall Kitchen LLC, and The CrepePro |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for 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. |
We can help! Our analysts can customize this market research report to meet your requirements.
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