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).
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.
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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.
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