Global Commercial Toaster Market 2017-2021
About Commercial Toaster
Commercial toasters are small appliances used in commercial kitchens for toasting food items such as bread, bagels, buns, and muffins.
Technavio’s analysts forecast the global Commercial Toaster market to grow at a CAGR of 7.64% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global Commercial Toaster market for 2017-2021. To calculate the market size, the report considers the sales of new units of commercial toasters.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Toaster Market 2017-2021
Technavio recognizes the following companies as the key players in the global commercial toaster market: APW Wyott, Hatco, Star Manufacturing International, Waring Commercial, and Toastmaster.
Other Prominent Vendors in the market are: Admiral Craft Equipment, Antunes, Avantco Equipment, BakeMax, Belleco, Equipex, Franklin Machine Products, Hamilton Beach Brands, and Hobart.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is influx of new commercial toasters with improved features. The developmental process in commercial toaster equipment has evolved with new changes according to the preferences of customers. Some people like their toast to be slightly heated and some prefer it to be brown, these requirements have resulted in the influx of new commercial toasters with improved technology.”
According to the report, one of the major drivers for this market is advancements in technology. The players in the global commercial toaster market are introducing new technologies in the equipment, which has improved efficiency and productivity. Toasters have been technologically improved to prevent the bread from burning. Some of the new features that have been incorporated in commercial toasters include an automatic pop-up and flashing LEDs, which are connected to an audible buzzer that informs when the bread is jammed in the toaster.
Further, the report states that one of the major factors hindering the growth of this market is increasing preference for used toasting equipment. Leading restaurants usually use high-quality commercial toasters to enhance their production and operational efficiency. However small players such as independent bakeries and coffee shops, especially in emerging economies, are focused on increasing profits by reducing the initial costs such as that of purchasing new commercial kitchen equipment. The leading manufacturers produce commercial toasters that are more energy-efficient. Star Manufacturing International uses impingement technology, which can reduce toast time by 20% and save energy. However, most of the used equipment are not energy-efficient. Therefore, performance comes down along with a decrease in the lifespan of the equipment.
APW Wyott, Hatco, Star Manufacturing International, Waring Commercial, Toastmaster, Admiral Craft Equipment, Antunes, Avantco Equipment, BakeMax, Belleco, Equipex, Franklin Machine Products, Hamilton Beach Brands, and Hobart.
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