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The market, with prominent players, such as Hamilton Beach, Panasonic, Philips and Shark Ninja holds a market share of ~10-15%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.
Major players operating in the sandwich maker industry include:
Major players in the sandwich maker industry include Bajaj Electricals, Black+Decker, Breville, Cuisinart, George Foreman, Hamilton Beach, Kenwood, Morphy Richards, Oster, Panasonic, and Philips.
North America's sandwich maker market accounted for a 28.4% share in 2023 and is expected to grow at a CAGR of 4.7% during the forecast period from 2024 to 2032, driven by the increasing need for efficient kitchen appliances among busy households.
The panini press sandwich maker segment dominated the market in 2023 with a valuation of USD 1.2 billion and is expected to grow at a CAGR of 4.8% from 2024 to 2032 due to its versatility and alignment with consumer trends for multi-functional kitchen appliances.
The global sandwich maker industry was valued at USD 3.3 billion in 2023 and is anticipated to register a CAGR of over 4.4% between 2024 and 2032, driven by the demand for quick and convenient meal solutions.