Global Toaster Market, Size, Trends, By Product (Pop-Up Toasters, Toaster Ovens, Conveyor Toasters), By Type (2 Slice Toasters, 4 Slice Toasters, Others), By Distribution Channel (Offline, Online), By Application (Commercial, Residential) and By Region (N
Description
Global Toaster Market, Size, Trends, By Product (Pop-Up Toasters, Toaster Ovens, Conveyor Toasters), By Type (2 Slice Toasters, 4 Slice Toasters, Others), By Distribution Channel (Offline, Online), By Application (Commercial, Residential) and By Region (North America, Latin America, Europe, Asia Pacific, Central America and Africa): Global Opportunity Analysis and Industry forecast, 2023-2030.
Global Toaster Market
With a CAGR of 4.19 % from 2023 to 2030, the Global Toaster Market is expected to grow from its estimated value of US$ 4.25 Bn in 2022 to US$ 6.25 Bn by 2030.
An electronic kitchen gadget known as a toaster is used to toast and grill waffles, muffins, and bread slices by converting electrical energy into heat energy. Different kinds of sliced bread become toasted slices when heated. In addition to toasting bread, contemporary toasters can also prepare protein-rich foods like cookies, pizza, and other baked goods.
Market Drivers
Key market growth drivers include rapid urbanisation and increased consumer demand for electric kitchen equipment globally. Customers are increasingly using electric toasters to quickly and efficiently make their food as a result of changing lifestyles and busy schedules. Additionally, the foodservice and hospitality sectors' rapid expansion are fostering an optimistic outlook for the market.
Growth is also being fueled by a number of product developments, such as the creation of advanced models with Bluetooth connectivity and automatic cut-off and lid-on capabilities. These cutting-edge variations can be connected to a smartphone app and track the toasting preferences of several users. The market is anticipated to grow considerably more as a result of additional elements including expanding consumer spending power and the creation of compact and energy-efficient alternatives.
Market Restraints
Consumer interest in new technology advancements is predicted to be negatively impacted by high initial capital and maintenance expenses. Power outages are being caused by uneven economic development in rural China, India, and Africa. Additionally, 38 out of 49 Sub-Saharan African nations have a population of 50% or more that do not have access to electricity, which will have a detrimental effect on the size of the toaster market.
Market Segmentation
The scope of the Global Toaster Market covers segmentation based on By Product, By Type, By Distribution Channel, By Application, and By Region.
By Product, the market is segmented into Pop-Up Toasters, Toaster Ovens, Conveyor Toasters. By Type, the market is segmented into 2 Slice Toasters, 4 Slice Toasters, Others. By Distribution Channel the market is segmented Offline, Online. By Application, the market is segmented into Commercial, Residential.
Regional Analysis
The Global Toaster Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America now holds a sizeable market share and is anticipated to expand quickly in the years to come. In the upcoming years, it is anticipated that consumer purchasing power would boost the expansion of the North American market. Asia Pacific is anticipated to experience similar strong growth during the projection period. In the upcoming years, market participants can anticipate new development possibilities due to rising demand from emerging nations, driven by increased disposable income and better lifestyles. These elements will likely cause this area to flourish quickly in the near future.
Key Players
Global Appliances USA, Kai USA Ltd, Kiya corp., MAC Knif, Messermeister, Victorinox AG, Neato Robotics, Inc., LG Electronics Inc, Dyson Limited, Panasonic Corporation.
Market Taxonomy
By Product
Global Toaster Market
With a CAGR of 4.19 % from 2023 to 2030, the Global Toaster Market is expected to grow from its estimated value of US$ 4.25 Bn in 2022 to US$ 6.25 Bn by 2030.
An electronic kitchen gadget known as a toaster is used to toast and grill waffles, muffins, and bread slices by converting electrical energy into heat energy. Different kinds of sliced bread become toasted slices when heated. In addition to toasting bread, contemporary toasters can also prepare protein-rich foods like cookies, pizza, and other baked goods.
Market Drivers
Key market growth drivers include rapid urbanisation and increased consumer demand for electric kitchen equipment globally. Customers are increasingly using electric toasters to quickly and efficiently make their food as a result of changing lifestyles and busy schedules. Additionally, the foodservice and hospitality sectors' rapid expansion are fostering an optimistic outlook for the market.
Growth is also being fueled by a number of product developments, such as the creation of advanced models with Bluetooth connectivity and automatic cut-off and lid-on capabilities. These cutting-edge variations can be connected to a smartphone app and track the toasting preferences of several users. The market is anticipated to grow considerably more as a result of additional elements including expanding consumer spending power and the creation of compact and energy-efficient alternatives.
Market Restraints
Consumer interest in new technology advancements is predicted to be negatively impacted by high initial capital and maintenance expenses. Power outages are being caused by uneven economic development in rural China, India, and Africa. Additionally, 38 out of 49 Sub-Saharan African nations have a population of 50% or more that do not have access to electricity, which will have a detrimental effect on the size of the toaster market.
Market Segmentation
The scope of the Global Toaster Market covers segmentation based on By Product, By Type, By Distribution Channel, By Application, and By Region.
By Product, the market is segmented into Pop-Up Toasters, Toaster Ovens, Conveyor Toasters. By Type, the market is segmented into 2 Slice Toasters, 4 Slice Toasters, Others. By Distribution Channel the market is segmented Offline, Online. By Application, the market is segmented into Commercial, Residential.
Regional Analysis
The Global Toaster Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America now holds a sizeable market share and is anticipated to expand quickly in the years to come. In the upcoming years, it is anticipated that consumer purchasing power would boost the expansion of the North American market. Asia Pacific is anticipated to experience similar strong growth during the projection period. In the upcoming years, market participants can anticipate new development possibilities due to rising demand from emerging nations, driven by increased disposable income and better lifestyles. These elements will likely cause this area to flourish quickly in the near future.
Key Players
Global Appliances USA, Kai USA Ltd, Kiya corp., MAC Knif, Messermeister, Victorinox AG, Neato Robotics, Inc., LG Electronics Inc, Dyson Limited, Panasonic Corporation.
Market Taxonomy
By Product
- Pop-Up Toasters
- Toaster Ovens
- Conveyor Toasters
- 2 Slice Toasters
- 4 Slice Toasters
- Others
- Offline
- Online
- Commercial
- Residential
- North America
- U.S.
- Canada
- Mexico
- Latin America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Venezuela
- Rest of Latin America
- Europe
- Germany
- France
- UK
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- New Zealand
- Singapore
- Malaysia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest Middle East & Africa
Table of Contents
217 Pages
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Toaster Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.2.4 Cumulative Impact due to recent Energy Crisis
- 4.2.5 Cumulative Impact due to nearing Economic Downturn
- 4.2.6 Post Covid-19 World Supply and Demand Conditions
- 4.2.7 Cumulative Impact of Russia-Ukraine Conflict
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Toaster Market, By Product
- 5.1 Y-o-Y Growth Comparison, By Product
- 5.2 Global Toaster Market Share Analysis, By Product
- 5.3 Global Toaster Market Size and Forecast, By Product
- 5.3.1 Pop-Up Toasters
- 5.3.2 Toaster Ovens
- 5.3.3 Conveyor Toasters
- 6 Global Toaster Market, By Type
- 6.1 Y-o-Y Growth Comparison, By Type
- 6.2 Global Toaster Market Share Analysis, By Type
- 6.3 Global Toaster Market Size and Forecast, By Type
- 6.3.1. 2 Slice Toasters
- 6.3.2. 4 Slice Toasters
- 6.3.3 Others
- 7 Global Toaster Market, By Distribution Channel
- 7.1 Y-o-Y Growth Comparison, By Distribution Channel
- 7.2 Global Toaster Market Share Analysis, By Distribution Channel
- 7.3 Global Toaster Market Size and Forecast, By Distribution Channel
- 7.3.1 Offline
- 7.3.2 Online
- 8 Global Toaster Market, By Application
- 8.1 Y-o-Y Growth Comparison, By Application
- 8.2 Global Toaster Market Share Analysis, By Application
- 8.3 Global Toaster Market Size and Forecast, By Application
- 8.3.1 Commercial
- 8.3.2 Residential
- 9 Global Toaster Market, By Region
- 9.1 Global Toaster Market Share Analysis, By Region
- 9.2 Global Toaster Market Share Analysis, By Region
- 9.3 Global Toaster Market Size and Forecast, By Region
- 10 North America Toaster Market Analysis and Forecast (2023-2030)
- 10.1 Introduction
- 10.2 North America Toaster Market Share Analysis, By Product
- 10.3 North America Toaster Market Share Analysis, By Type
- 10.4 North America Toaster Market Share Analysis, By Distribution Channel
- 10.5 North America Toaster Market Share Analysis, By Application
- 10.6 North America Toaster Market Size and Forecast, By Country
- 10.6.1 U.S.
- 10.6.1.1 Market Size and Forecast, By Product
- 10.6.1.2 Market Size and Forecast, By Type
- 10.6.1.3 Market Size and Forecast, By Distribution Channel
- 10.6.1.4 Market Size and Forecast, By Application
- 10.6.2 Canada
- 10.6.2.1 Market Size and Forecast, By Product
- 10.6.2.2 Market Size and Forecast, By Type
- 10.6.2.3 Market Size and Forecast, By Distribution Channel
- 10.6.2.4 Market Size and Forecast, By Application
- 10.6.3 Mexico
- 10.6.2.1 Market Size and Forecast, By Product
- 10.6.2.2 Market Size and Forecast, By Type
- 10.6.2.3 Market Size and Forecast, By Distribution Channel
- 10.6.2.4 Market Size and Forecast, By Application
- 11 Europe Toaster Market Analysis and Forecast (2023-2030)
- 11.1 Introduction
- 11.2 Europe Toaster Market Share Analysis, By Product
- 11.3 Europe Toaster Market Share Analysis, By Type
- 11.4 Europe Toaster Market Share Analysis, By Distribution Channel
- 11.5 Europe Toaster Market Share Analysis, By Application
- 11.6 Europe Toaster Market Size and Forecast, By Country
- 11.6.1 Germany
- 11.6.1.1 Market Size and Forecast, By Product
- 11.6.1.2 Market Size and Forecast, By Type
- 11.6.1.3 Market Size and Forecast, By Distribution Channel
- 11.6.1.4 Market Size and Forecast, By Application
- 11.6.2 France
- 11.6.1.1 Market Size and Forecast, By Product
- 11.6.1.2 Market Size and Forecast, By Type
- 11.6.1.3 Market Size and Forecast, By Distribution Channel
- 11.6.1.4 Market Size and Forecast, By Application
- 11.6.3 UK
- 11.6.3.1 Market Size and Forecast, By Product
- 11.6.3.2 Market Size and Forecast, By Type
- 11.6.3.3 Market Size and Forecast, By Distribution Channel
- 11.6.3.4 Market Size and Forecast, By Application
- 11.6.4 Russia
- 11.6.4.1 Market Size and Forecast, By Product
- 11.6.4.2 Market Size and Forecast, By Type
- 11.6.4.3 Market Size and Forecast, By Distribution Channel
- 11.6.4.4 Market Size and Forecast, By Application
- 11.6.5 Italy
- 11.6.5.1 Market Size and Forecast, By Product
- 11.6.5.2 Market Size and Forecast, By Type
- 11.6.5.3 Market Size and Forecast, By Distribution Channel
- 11.6.5.4 Market Size and Forecast, By Application
- 11.6.6 Spain
- 11.6.6.1 Market Size and Forecast, By Product
- 11.6.6.2 Market Size and Forecast, By Type
- 11.6.6.3 Market Size and Forecast, By Distribution Channel
- 11.6.6.4 Market Size and Forecast, By Application
- 11.6.7 Rest of Europe
- 11.6.7.1 Market Size and Forecast, By Product
- 11.6.7.2 Market Size and Forecast, By Type
- 11.6.7.3 Market Size and Forecast, By Distribution Channel
- 11.6.7.4 Market Size and Forecast, By Application
- 12 Asia Pacific Toaster Market Analysis and Forecast (2023-2030)
- 12.1 Introduction
- 12.2 Asia Pacific Toaster Market Share Analysis, By Product
- 12.3 Asia Pacific Toaster Market Share Analysis, By Type
- 12.4 Asia Pacific Toaster Market Share Analysis, By Distribution Channel
- 12.5 Asia Pacific Toaster Market Share Analysis, By Application
- 12.6 Asia Pacific Toaster Market Size and Forecast, By Country
- 12.6.1 China
- 12.6.1.1 Market Size and Forecast, By Product
- 12.6.1.2 Market Size and Forecast, By Type
- 12.6.1.3 Market Size and Forecast, By Distribution Channel
- 12.6.1.4 Market Size and Forecast, By Application
- 12.6.2 Japan
- 12.6.2.1 Market Size and Forecast, By Product
- 12.6.2.2 Market Size and Forecast, By Type
- 12.6.2.3 Market Size and Forecast, By Distribution Channel
- 12.6.2.4 Market Size and Forecast, By Application
- 12.6.3 India
- 12.6.3.1 Market Size and Forecast, By Product
- 12.6.3.2 Market Size and Forecast, By Type
- 12.6.3.3 Market Size and Forecast, By Distribution Channel
- 12.6.3.4 Market Size and Forecast, By Application
- 12.6.4 South Korea
- 12.6.4.1 Market Size and Forecast, By Product
- 12.6.4.2 Market Size and Forecast, By Type
- 12.6.4.3 Market Size and Forecast, By Distribution Channel
- 12.6.4.4 Market Size and Forecast, By Application
- 12.6.5 Australia
- 12.6.4.1 Market Size and Forecast, By Product
- 12.6.4.2 Market Size and Forecast, By Type
- 12.6.4.3 Market Size and Forecast, By Distribution Channel
- 12.6.4.4 Market Size and Forecast, By Application
- 12.6.6 New Zealand
- 12.6.6.1 Market Size and Forecast, By Product
- 12.6.6.2 Market Size and Forecast, By Type
- 12.6.6.3 Market Size and Forecast, By Distribution Channel
- 12.6.6.4 Market Size and Forecast, By Application
- 12.6.7 Singapore
- 12.6.7.1 Market Size and Forecast, By Product
- 12.6.7.2 Market Size and Forecast, By Type
- 12.6.7.3 Market Size and Forecast, By Distribution Channel
- 12.6.7.4 Market Size and Forecast, By Application
- 12.6.8 Malaysia
- 12.6.8.1 Market Size and Forecast, By Product
- 12.6.8.2 Market Size and Forecast, By Type
- 12.6.8.3 Market Size and Forecast, By Distribution Channel
- 12.6.8.4 Market Size and Forecast, By Application
- 12.6.9 Rest of Asia
- 12.6.9.1 Market Size and Forecast, By Product
- 12.6.9.2 Market Size and Forecast, By Type
- 12.6.9.3 Market Size and Forecast, By Distribution Channel
- 12.6.9.4 Market Size and Forecast, By Application
- 13 Latin America Toaster Market Analysis and Forecast (2023-2030)
- 13.1 Introduction
- 13.2 Latin America Toaster Market Share Analysis, By Product
- 13.3 Latin America Toaster Market Share Analysis, By Type
- 13.4 Latin America Toaster Market Share Analysis, By Distribution Channel
- 13.5 Latin America Toaster Market Share Analysis, By Application
- 13.6 Latin America Toaster Market Size and Forecast, Country
- 13.6.1 Brazil
- 13.6.1.1 Market Size and Forecast, By Product
- 13.6.1.2 Market Size and Forecast, By Type
- 13.6.1.3 Market Size and Forecast, By Distribution Channel
- 13.6.1.4 Market Size and Forecast, By Application
- 13.6.2 Argentina
- 13.6.2.1 Market Size and Forecast, By Product
- 13.6.2.2 Market Size and Forecast, By Type
- 13.6.2.3 Market Size and Forecast, By Distribution Channel
- 13.6.2.4 Market Size and Forecast, By Application
- 13.6.3 Colombia
- 13.6.3.1 Market Size and Forecast, By Product
- 13.6.3.2 Market Size and Forecast, By Type
- 13.6.3.3 Market Size and Forecast, By Distribution Channel
- 13.6.3.4 Market Size and Forecast, By Application
- 13.6.4 Peru
- 13.6.4.1 Market Size and Forecast, By Product
- 13.6.4.2 Market Size and Forecast, By Type
- 13.6.4.3 Market Size and Forecast, By Distribution Channel
- 13.6.4.4 Market Size and Forecast, By Application
- 13.6.5 Chile
- 13.6.5.1 Market Size and Forecast, By Product
- 13.6.5.2 Market Size and Forecast, By Type
- 13.6.5.3 Market Size and Forecast, By Distribution Channel
- 13.6.5.4 Market Size and Forecast, By Application
- 13.6.6 Venezuela
- 13.6.6.1 Market Size and Forecast, By Product
- 13.6.6.2 Market Size and Forecast, By Type
- 13.6.6.3 Market Size and Forecast, By Distribution Channel
- 13.6.6.4 Market Size and Forecast, By Application
- 13.6.7 Rest of Latin America
- 13.6.7.1 Market Size and Forecast, By Product
- 13.6.7.2 Market Size and Forecast, By Type
- 13.6.7.3 Market Size and Forecast, By Distribution Channel
- 13.6.7.4 Market Size and Forecast, By Application
- 14 Middle East Toaster Market Analysis and Forecast (2023-2030)
- 14.1 Introduction
- 14.2 Middle East Toaster Market Share Analysis, By Product
- 14.3 Middle East Toaster Market Size and Forecast, By Type
- 14.4 Middle East Toaster Market Size and Forecast, By Distribution Channel
- 14.5 Middle East Toaster Market Size and Forecast, By Application
- 14.6 Middle East Toaster Market Size and Forecast, By Country
- 14.6.1 Saudi Arabia
- 14.6.1.1 Market Size and Forecast, By Product
- 14.6.1.2 Market Size and Forecast, By Type
- 14.6.1.3 Market Size and Forecast, By Distribution Channel
- 14.6.1.4 Market Size and Forecast, By Application
- 14.6.2 UAE
- 14.6.2.1 Market Size and Forecast, By Product
- 14.6.2.2 Market Size and Forecast, By Type
- 14.6.2.3 Market Size and Forecast, By Distribution Channel
- 14.6.2.4 Market Size and Forecast, By Application
- 14.6.3 Egypt
- 14.6.3.1 Market Size and Forecast, By Product
- 14.6.3.2 Market Size and Forecast, By Type
- 14.6.3.3 Market Size and Forecast, By Distribution Channel
- 14.6.3.4 Market Size and Forecast, By Application
- 14.6.4 Kuwait
- 14.6.4.1 Market Size and Forecast, By Product
- 14.6.4.2 Market Size and Forecast, By Type
- 14.6.4.3 Market Size and Forecast, By Distribution Channel
- 14.6.4.4 Market Size and Forecast, By Application
- 14.6.5 South Africa
- 14.6.5.1 Market Size and Forecast, By Product
- 14.6.5.2 Market Size and Forecast, By Type
- 14.6.5.3 Market Size and Forecast, By Distribution Channel
- 14.6.5.4 Market Size and Forecast, By Application
- 14.6.6 Rest of Middle East & Africa
- 14.6.6.1 Market Size and Forecast, By Product
- 14.6.6.2 Market Size and Forecast, By Type
- 14.6.6.3 Market Size and Forecast, By Distribution Channel
- 14.6.6.4 Market Size and Forecast, By Application
- 15 Competitive Analysis
- 15.1 Competition Dashboard
- 15.2 Market share Analysis of Top Vendors
- 15.3 Key Development Strategies
- 16 Company Profiles
- 16.1 Global Appliances USA
- 16.1.1 Overview
- 16.1.2 Offerings
- 16.1.3 Key Financials
- 16.1.4 Business Segment & Geographic Overview
- 16.1.5 Key Market Developments
- 16.1.6 Key Strategies
- 16.2 Kai USA Ltd
- 16.2.1 Overview
- 16.2.2 Offerings
- 16.2.3 Key Financials
- 16.2.4 Business Segment & Geographic Overview
- 16.2.5 Key Market Developments
- 16.2.6 Key Strategies
- 16.3 Kiya corp.
- 16.3.1 Overview
- 16.3.2 Offerings
- 16.3.3 Key Financials
- 16.3.4 Business Segment & Geographic Overview
- 16.3.5 Key Market Developments
- 16.3.6 Key Strategies
- 16.4 MAC Knif
- 16.4.1 Overview
- 16.4.2 Offerings
- 16.4.3 Key Financials
- 16.4.4 Business Segment & Geographic Overview
- 16.4.5 Key Market Developments
- 16.4.6 Key Strategies
- 16.5 Messermeister
- 16.5.1 Overview
- 16.5.2 Offerings
- 16.5.3 Key Financials
- 16.5.4 Business Segment & Geographic Overview
- 16.5.5 Key Market Developments
- 16.5.6 Key Strategies
- 16.6 Victorinox AG
- 16.6.1 Overview
- 16.6.2 Offerings
- 16.6.3 Key Financials
- 16.6.4 Business Segment & Geographic Overview
- 16.6.5 Key Market Developments
- 16.6.6 Key Strategies
- 16.7 Neato Robotics, Inc.
- 16.7.1 Overview
- 16.7.2 Offerings
- 16.7.3 Key Financials
- 16.7.4 Business Segment & Geographic Overview
- 16.7.5 Key Market Developments
- 16.7.6 Key Strategies
- 16.8 LG Electronics Inc
- 16.8.1 Overview
- 16.8.2 Offerings
- 16.8.3 Key Financials
- 16.8.4 Business Segment & Geographic Overview
- 16.8.5 Key Market Developments
- 16.8.6 Key Strategies
- 16.9 Dyson Limited
- 16.9.1 Overview
- 16.9.2 Offerings
- 16.9.3 Key Financials
- 16.9.4 Business Segment & Geographic Overview
- 16.9.5 Key Market Developments
- 16.9.6 Key Strategies
- 16.10 Panasonic Corporation
- 16.10.1 Overview
- 16.10.2 Offerings
- 16.10.3 Key Financials
- 16.10.4 Business Segment & Geographic Overview
- 16.10.5 Key Market Developments Global Toaster Market
- 16.10.6 Key Strategies
Pricing
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