Toaster Market

Global Toaster Market is valued at USD 4.26 Billion in 2021 and expected to reach USD 5.96 Billion by 2028 with the CAGR of 4.93% over the forecast period

Global Toaster Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2026– The growing number of restaurants and commercial spaces will be a key factor influencing the Global Toaster Market Growth.

Scope of Global Toaster Market Report-

Toaster is an electric appliance which designed for toast bread. The toaster is mainly used in the household kitchens and also used in the commercial spaces like hotels, diners, cafes, and coffee shops among others. Companies are introducing latest technologies in the global toaster market to increase the product demand. The toaster has different benefits like, it saves time, saves on energy, requires less effort and other.

Global toaster market report is segmented on the basis of product, application, and distribution channel and region & country level. Based upon product segment, global toaster market is classified into pop-up, oven and conveyor. Based upon application, the market is divided into residential and commercial. Based upon distribution channel, global toaster market is classified into online and offline.

The regions covered in this toaster market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market is classified into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Afria, etc.

Key Players for Toaster –

Global Toaster report covers prominent player’s West Bend, BELLA, Black & Decker, Breville, Cuisinart, Dualit, De'Longhi S.p.A., Hamilton Beach, Kenmore, KitchenAid, Krups, Sunbeam, Waring, Toastmaster and others.

 

 

News-

Griffin Technology Unveiled the Connected Toaster, a Smart Toaster with a Great Design

January 17^th, 2017; Griffin Technology announced a new collection of small appliances at the CES 2017. The goal is to have a device to simplify daily routines and give convenience to the user. A digital toaster which has features a Bluetooth radio and smartphone app. If customer have problem in getting the right toast, the smart toaster might useful. Its primary mission is to toast bread and bagels according to customer preference. It offers personalized settings for the users to come up with the perfect toast.

The Increasing Disposable Income Resulting in Enhanced Purchasing Power is Driving the growth of Global Toaster Market.

The increasing number of food restaurants, coffee shops, hotels, diners and other end-users are driving the growth of global toaster market. The restaurants are laying more importance to toasting foodstuffs requiring bread, buns, and bagels that is in turn boosting the market growth. Additionally, rapidly changing lifestyle, increasing disposable income and rising use of electric home appliances are also supplementing the market growth. The demand for smart toasters is also high in the market. These products can be integrated with smartphones and other connected devices. However, minor inconvenience is that a toaster uses the electricity in order to function which may hamper the market growth. In spite of that, increasing use of internet of things in toaster market and growing technological advancement may create the number of opportunities for the further growth of the global toaster market.

North America is expected to Dominate the Global Toaster Market

North America is expected to dominate the global toaster market within the forecast period owing to the increasing rate of toaster adoption, disposable income and use of advanced kitchen equipments in number of services in this region. For example, approximately 1 million restaurants are present in the United States. Asia pacific is an emerging region in toaster market due to the increasing population, rising use of electric home appliances rapidly changing lifestyle, adoption of advanced kitchen equipment in various foodservices and for convenient breakfast options from a large number of consumers. For example, revenue of China’s restaurant sector reached 2.79 trillion yuan (US$445.5 billion) in 2014, up 9.7% from 2013, and the growth in the restaurant sector has approximately 3 trillion Yuan in 2015.

Key Benefits for Global Toaster Market Report-

• Global toaster market report covers in depth historical and forecast analysis.
• Global toaster market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global toaster market report helps to identify opportunities in market place.
• Global toaster market report covers extensive analysis of emerging trends and competitive landscape.

Global Toaster Market Segmentation:–

By Product:

• Pop-up
• Oven
• Conveyor

By Application:

• Residential
• commercial

By Distribution Channel:

• Online
• Offline

By Regional & Country Analysis:

• North America
  • US.
  • Canada
• Europe
  • UK.
  • France
  • Germany
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • GCC
  • Africa
  • Rest of Middle East and Africa