Market Overview

Toaster Market Size to Reach USD 4.72 Billion by 2027; Rising Consumer Demand for Kitchen Appliances to Contribute Growth, states Fortune Business Insights™

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Pune, Oct. 12, 2020 (GLOBE NEWSWIRE) -- The global toaster market size is expected to reach USD 4.72 billion by 2027, exhibiting a CAGR of 4.2% during the forecast period. The growing consumer demand for luxurious kitchen appliances items such as refrigerators, mixer grinders, toasters & ovens can have a stupendous effect on the market, states Fortune Business Insights, in a report, titled "Toaster Market Size, Share & COVID-19 Impact Analysis, By Product (Pop-up, Oven, and Conveyor), Application (Residential and Commercial), Distribution Channel (Online and Offline), and Regional Forecast, 2020-2027." The market size stood at USD 3.83 billion in 2019.

The emergence of coronavirus has caused the world's economy to tumble down. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

We are perpetually working on our reports to help uplift businesses in this crucial time. Our expertise and experience can offer enormous benefits to help regain during this global pandemic.


The report on the toaster market reveals:

  • Eminent insights into the industry
  • Important data with in-depth research
  • Factors exhibiting market growth
  • Comprehensive study about main regions
  • COVID-19 impact on the market


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Market Driver:

Surging Hospitality Industry to Propel Market

The inauguration of new cafés, restaurants, hotels, schools, and others will spur opportunities for the market during the forecast period. The increasing consumption of fast food will simultaneously improve the prospects of the market. According to the report ‘Hospitality, Tourism and Leisure in the UAE', published by the US-UAE Business Council, as of 2018, Dubai had 703 hotels and apartment properties combined with a total number of 111,864 rooms, an increase of 6% over to that of 2017. The increasing inclination towards food recipes through on-demand videos & posts will foster healthy growth of the market during the forecast period. Besides, the growing governmental initiatives & policies for the production of home appliances can promote the growth of the market.


Declining Sale of Toasters to Retard Market Amid Coronavirus

The diminishing purchasing power of consumers will considerably dampen the business during the pandemic. Moreover, the shift from traditional shopping methods to online shopping can further limit the adoption of toasters, which, in turn, will restrict the growth of the market. However, the surging online sales will consequently uplift the market during coronavirus. Besides, the demand for kitchenware products among the middle class and upper class will fuel the demand for toasters, hence, aiding the market growth.


Regional Analysis:

Heavy Consumption of Kitchenware Products to Promote Growth in Asia Pacific

The Toaster market size in Asia Pacific is expected to witness rapid growth during the forecast period owing to the increasing consumption of premium kitchenware products in developing nations such as India, and China. According to the data presented by the China Household Electrical Appliances Association, on 18 August 2020, single-day transaction sales value of the home appliances items has reached to USD 38.79 billion in China during the JD.com festival session. Moreover, the presence of major companies such as Hebei AOCNA Baking Machinery Co. Ltd., Haier Group Corporation, Samsung Electronics Inc., Panasonic Corporation, and others will influence the healthy growth of the market in the region.


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List of the Leading Companies Profiled in the Global Toaster Market are:

  • Panasonic Corporation (Osaka, Japan)
  • LG Electronics (Seoul, South Korea)
  • Samsung Electronics Co. Ltd. (Seoul, South Korea)
  • Gorenje (Velenje, Slovenia)
  • Haier Group Corporation (Qingdao, China)
  • De'Longhi S.p.A. (Treviso, Italy)
  • Severin Elektrogerate GmbH (Sundern, Germany)
  • BSH Hausgerate GmbH (Munich, Germany)
  • HAEGER (California, United States)
  • Walten Hi-Tech Industries Ltd. (Gazipur, India)


Key Development:

May 2020: Newell Brands Inc., a leader in cookware, bakeware, cutlery, and kitchen appliances  introduced cool performance touch countertop oven under their brand ‘Calphalon' that consists of an innovative exterior to provide 75% coolness to the device and the interior feature that uses quartz heat technology to deliver 40% more even heat that other oven's to provide uniform heating to the food


Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/toaster-market-103851


Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Emerging Trends
  • Key Insights
    • Overview of the Parent/Related Markets
    • Industry SWOT Analysis
    • Supply Chain and Regulatory Analysis
    • Recent Industry Developments - Policies, Partnerships, New Product  Launches, and Mergers & Acquisitions
    • Qualitative Analysis (In relation to COVID-19)
      • Impact of COVID-19
      • Supply Chain Challenges
      • Potential Opportunities due to COVID-19
  • Global Toaster Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Size Estimates and Forecast 
      • By Product (Value)
        • Pop-up
        • Oven
        • Conveyor
      • By Application (Value)
        • Residential
        • Commercial
      • By  Distribution Channel (Value)
        • Online
        • Offline
      • By Region (Value)
        • North America
        • Europe
        • Asia Pacific
        • South America
        • Middle East & Africa

TOC Continued…!


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Have a Look at Related Research Insights:

Refrigerator Market Size, Share & Industry Analysis, By Product Type (Top Freezer Refrigerator, Bottom Freezer Refrigerator, Side by Side Refrigerator, and French Door Refrigerator), By Distribution Channel (Online and Offline), and Regional Forecast, 2019-2026

Washing Machine Market Size, Share & Industry Analysis, By Product (Fully Automatic, Semi-Automatic, and, Dryer), By Capacity (Below 6 Kg, 6.1-8 Kg, and Above 8Kg), and Regional Forecast, 2019-2026

Luxury Kitchen Appliances Market Size, Share & Industry Analysis, By Product (Refrigerator, Cooking Appliances, Dishwasher, Others), By Application (Residential, Commercial), By Distribution Channel (E-Commerce, Retail Store) and Regional Forecast, 2019-2026


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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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