Inquire Before Buying
Speak to an Analyst
Request Brochure
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More- Home
- |
- Press Release
- |
- Global Toaster Market
Global Toaster Market to Reach US$ 6.0 Billion by 2032, Propelled by Rising Demand for Convenient Breakfast Options
December 18, 2023
| Retail
According to the latest report by IMARC Group, titled “Toaster Market Report by Product (Pop-up Toasters, Toaster Oven, Conveyor Toasters), Application (Commercial, Residential), Distribution Channel (Offline, Online), and Region 2024-2032,” the global toaster market size reached US$ 4.1 Billion in 2023. A toaster is a household appliance that heats and browns slices of bread, bagels, and other similar items by exposing them to radiant heat. It consists of two vertically oriented slots, where users can insert the items to be toasted. It is often integrated with adjustable browning settings, which allow to customize the level of toasting to the preference of the user, ranging from lightly toasted to deep golden-brown. It also often features convenient timers, ensuring consistent results every time. It includes additional features like bagel settings, defrost functions, and cancel buttons for added versatility. It consumes less energy compared to using an oven for toasting, making it an eco-friendly choice.
Global Toaster Market Trends:
At present, changing lifestyles of individuals are driving the demand for convenient and quick breakfast options. Toasters offer a hassle-free way to prepare toasted bread, making them an essential kitchen appliance for many households. Besides this, manufacturers are incorporating features, such as digital controls, multiple toasting settings, and even smartphone connectivity into toasters to improve their functionality. In addition, the growing shift in preferences towards toasters that offer features like adjustable browning levels, defrost functions, and wider slots to accommodate healthier, thicker bread options is offering a favorable market outlook. Apart from this, the increasing availability of toasters with energy-saving features and improved insulation, ensuring minimal heat loss during toasting, is supporting the market growth. Additionally, individuals are willing to invest in high-quality toasters that not only toast bread but also add an aesthetic appeal to their kitchen. Premium toasters often come with sleek designs, durable materials, and advanced toasting technologies, catering to people looking for a touch of luxury in their kitchen appliances. Looking forward, the market value is projected to reach US$ 6.0 Billion by 2032, expanding at a CAGR of 4.44% during 2024-2032.
Market Summary:
- Based on the product, the market has been segmented into pop-up toasters, toaster oven, and conveyor toasters. Pop-up toasters currently dominate the market.
- On the basis of the application, the residential segment holds the largest market share, followed by the commercial.
- Based on the distribution channel, online exhibits a clear dominance in the market, followed by the offline.
- Region-wise, the market has been segregated into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, Asia Pacific enjoys the leading position in the market.
- The competitive landscape of the market has also been examined, with some of the key players being Breville USA Inc., Cuisinart, 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 and Waring Commercial.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Product, Application, Distribution Channel, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Breville USA Inc., Cuisinart, 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 and Waring Commercial |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Purchase options
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-713-2163
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More