Can Openers Market Size, Share, Growth, And Industry Analysis by Type (Manual Opener & Electric Opener) by Downstream Industry (Commercial & Household) and Regional Forecast to 2032

Updated On: 04 November 2024

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CAN OPENER MARKET REPORT OVERVIEW

The Can Openers Market Size was Valued at US$ US$ 2585.6 Million in 2023. The Market is likely to Surpass US$ 5266.37 Million by 2032 at a CAGR of 7.37% During the Forecast period [2024-2032].

A can opener is a device that is used to open lids of steel and tin cans. The can opener is a must-have tool for even the simplest kitchen as they hardly come with pull-off cans. For a can opener, the most apparent considerations include convenience, ease of use, portability, less effort, less mess and more refined work. These can openers are available in manual and electric options.

There are various factors which are driving the can opener market growth such as rise in consumption of canned food and industries preferring cans for packaging the food. Can openers are of different types and models sold in the market for personal and commercial use, their prices range from moderate to extremely high and therefore, the need for can opener business is likely to grow.

COVID-19 Impact: Preference for More Packaged Food Led To Increased Demand

The COVID-19 pandemic has been unprecedented and staggering, with wake-up light alarm clock markets experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.

The can opener market felt the weight of the COVID-19 pandemic as lockdowns and social distancing necessitated a spike in the acquisition of long-lasting and preserved grocery. Canned food consumption went up since there were more home cooked meals being prepared and essentials were being bought in large quantities. As consumers’ habits changed, there was an increase in demand for can openers because they needed good utensils for their kitchens. Households sought to purchase items that would enhance handling of increased use of canned products during the pandemic so sales went up for both manufacturers and vendors.

LATEST TRENDS

"Electric Can Openers for Increased Efficiency is A Prominent Trend "

People who have problems handling cans because of their weak hands or inability to use them find it easy and fast to use these devices. Because of this, there are a lot of electric can openers which are being invented to replace the already existing hand-operated ones in order to facilitate speed as well as safety in opening them up by comparing automatically-manipulated versus manually-manipulated processes. A lot of people have started using them because they have features like cutting edges that do not cause any injury, ability to work on their own and capability of doing things easily without using too much energy for example handling heavy stuff at home hence making their approval grow continuously among users who look out for time saving devices used in kitchens today.

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CAN OPENER MARKET SEGMENTATION

By Type

Depending on can openers market given are types: Manual Opener & Electric Opener

• Manual Opener: Manual can openers are operated manually by using strength. They require more energy to operate.

• Electric Opener: Electric openers are easy to use and save effort. It is beneficial to use at industrial scale.

By Downstream Industry

The market is divided into Commercial & Household

• Commercial: The commercial can openers are very heavy duty and can open thousands of cans in a day. They are generally electric can openers.

• Household: Household can openers are small and can be manual or electric. It is used to open small daily cans.

DRIVING FACTORS

"Rise in Consumption of Canned Food Drive Growth in Market"

The rise in consumption of canned food is one reason driving the can opener market growth. Canned foods are chosen because they are convenient, have a longer shelf life and are easy to store. These make canned foods a favourite for many fast-paced individuals who require quick solutions for meals. The need for good can openers goes up due to the increased usage of canned foods by different buyers. Anything from vegetables, meat or fruits; there is a trend towards necessity of having access in the shortest time possible without compromising on safety standards thus leading to increased demand for both electric and manual can openers prompting innovations in such forms of personal tools.

"Industries Preferring Cans for Packaging the Food Propel Market Demand"

Another important reason driving the market is the industries preferring cans for packaging the food. Cans have several benefits such as keeping food fresh, improving durability, and shielding content from poison and spoilage. A steady need for can openers in various areas like food processing businesses exist because they rely on tins for such advantages. As the application of tinning spreads to numerous fields, there is still a requirement for effective can opening appliances to aid in sales build-up.

RESTRAINING FACTORS

"Market Saturation Hamper the Market Growth"

Market saturation of can openers is evident as many households already possess durable models, minimising the demand for replacements or new purchases. This saturation level indicates a mature market where growth potential is limited by existing ownership and longevity of the products.

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CAN OPENER MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America and Middle East & Africa.

"North America to Dominate the Market due to Higher Consumption of Canned Food "

North America is the dominant region in the market, with a large can opener market share and a high development trajectory. Due to higher canned food consumption, North Americans are expected to lead in a can opener market. Convenience, long shelf lives, and ease of carrying are what attracts locals to canned foods and makes them drive can opener sales in this area. North America has an excellent network; therefore it can be said that most households or industries within the region use this mode of packaging; consequently, it has a huge share in sales of can openers.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

The can openers market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of alarm clocks. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

LIST OF MARKET PLAYERS PROFILED

• Onlycook (China)
• KitchenAid (U.S.)
• Hamilton Beach (U.S.)
• OXO (U.S.)
• Amco (U.S.)
• BLACK+DECKER (U.S.)
• Kuhn Rikon (Switzerland)
• Proctor Silex (U.S.)
• Maxcook (China)
• Good Cook (U.S.)

INDUSTRIAL DEVELOPMENT

December 2021: James Squire, an Australian brewer, unveiled Australia's bottle opener, costing USD 30,000. Grade 5 titanium, sterling silver, burl walnut, and rare Damascus steel are used to make the can/bottle opener.

REPORT COVERAGE

 The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.