The global toaster market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period. The increasing trend of fast-food restaurants and cafes globally is the crucial factor driving the growth of the toaster market. Many companies are launching home appliances and kitchen equipment that are user friendly and highly efficient. For instance, in May 2022, Dior launched its new restaurant, Monsieur Dior.
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Additionally, technical advancement in kitchen appliances is also a major factor contributing to the growth of the toaster market across the globe. For instance, other than toasting bread, toaster ovens can cook pizza, various chicken and fish dishes. Many giant companies are introducing advanced features in the toaster which increases the sale of the toaster and led to the growth of the toaster market during the forecast period. For instance, in June 2021, Redmond launched a full touch screen LED display stainless steel toaster. This toaster comes with a two-slice toaster, LED display, six bread shade browning settings, and bagel/ reheat/ defrost/ cancel options. The stainless steel toaster also features a digital and intuitive touchscreen that displays a countdown clock.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Product
o By Type
o By Application
o By Distribution Channel
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape – The Middleby Corp. (APW Wyott), Conair LLC, KitchenAid, Spectrum Brands Holdings, Inc., Groupe SEB USA, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Toaster Market Report Segment
By Product
- Pop-Up Toasters
- Toaster Ovens
- Conveyor Toasters
By Type
- 2 Slice Toasters
- 4 Slice Toasters
- Others
By Application
- Commercial
- Residential
By Distribution Channel
- Online
- Offline
A full report of Toaster Market is available at: https://www.omrglobal.com/press-release/global-toaster-market
