According to the latest report by IMARC Group, titled “Toaster Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global toaster market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global toaster market is expected to exhibit a CAGR of 4.77% during 2022-2027. A toaster represents an electrical appliance designed for cooking bread, waffles, and muffins. It is available in several variants, such as pop-up, oven, conveyor, etc. These toaster models consist of thin filaments, moderation buttons, a lever and tray, knobs, thermostats, and timers. They are plugged into a source of electricity to charge the filaments, which are spaced widely enough to toast the whole surface of the bread. Toaster devices provide improved convenience for preparing a convenient and easy breakfast and can even be utilized for baking cookies, crumpets, and pizzas. Consequently, they are in high demand among consumers across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The growing urbanization, especially in developing countries, and the shifting preferences toward electric kitchen appliances are among the key factors driving the toaster market. In addition to this, the increasing need to cook food quickly with ease, on account of the hectic schedules of the working population, is also positively influencing the market growth. Besides this, the expanding food service and hotel industries and the emerging trend of fast-food joints and cafes are further stimulating the product demand.
Moreover, the launch of advanced and innovative products integrated with Bluetooth connectivity and automatic lid-on and cutoff that can be connected to customized smartphone applications is acting as another significant growth-inducing factor. In line with this, the development of compact and energy-efficient products, the inflating investments by leading market players in research and development (R&D) activities, and the escalating product availability through online retail channels are anticipated to propel the toaster market in the coming years.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Breville USA Inc.
- De’Longhi Appliances S.r.l.
- Dualit Limited
- Hamilton Beach Brands Inc.
- Hatco Corporation
- KitchenAid Inc (Whirlpool Corporation)
- Stanley Black & Decker Inc.
- Star Manufacturing International Inc (The Middleby Corporation)
- The Legacy Companies LLC
- Waring Commercial
Breakup by Product:
- Pop-up Toasters
- Toaster Oven
- Conveyor Toasters
Breakup by Application:
Breakup by Distribution Channel:
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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