Toaster Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Toaster Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global toaster market exhibited moderate growth during 2015-2020. A toaster is an electrical appliance used for cooking bread, muffins and waffles. Some of the commonly used variants include pop-up, oven and conveyor toasters. They consist of thin filaments, a lever, tray, moderation buttons, knobs, timers and thermostats. The toaster is plugged into a power source to charge the filaments spaced widely enough to toast the whole surface of the bread. They offer enhanced convenience to prepare an easy and convenient breakfast and can also be used for baking cookies, waffles, crumpets and pizzas. The commercially used conveyor toasters include a metal-mesh conveyor belt, which constantly moves the bread through the heating element.

Rapid urbanization and the increasing consumer demand for electric kitchen appliances across the globe, represents as the key factors driving the market growth. With the changing lifestyles and hectic schedules, consumers are increasingly using electric toasters to prepare their food quickly and with ease. Moreover, significant growth in the foodservice and hotel industries is creating a positive outlook for the market. Hotels, restaurants, fast-food joints and cafes are widely using a variety of toasters to provide unique and innovative dishes to their customers. Additionally, various product innovations, such as the development of advanced variants with Bluetooth-connectivity and automatic cutoff and lid-on features, are acting as other growth-inducing factors. These novel variants can be connected to a smartphone application and can track the toasting preference of multiple users. Other factors, including rising expenditure capacities of the consumers, along with the development of compact and energy-efficient variants, are anticipated to drive the market further. Looking forward, IMARC Group expects the global toaster market to grow at a CAGR of around 4% during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global toaster market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, application and distribution channel.

Breakup by Product:

Pop-up Toasters
Toaster Oven
Conveyor Toasters

Breakup by Application:

Commercial
Residential

Breakup by Distribution Channel:

Offline
Online

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles 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.

Key Questions Answered in This Report:

How has the global toaster market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global toaster market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global toaster market and who are the key players?
What is the degree of competition in the industry?