Toasters Global Market Report 2024

Description

Toasters, essential kitchen appliances, are engineered to toast bakery items by subjecting them to radiant heat. They typically comprise heated metal wires, known as heating elements, situated within a slot or chamber. Bread or other items are placed inside these slots for toasting, where the heating elements generate the necessary heat to crisp and golden-brown the surfaces.

Toasters are categorized into several types, including pop-up toasters, toaster ovens, and conveyor toasters. Pop-up toasters are compact appliances designed to vertically toast bread slices. Equipped with slots for bread insertion, they automatically eject the toast when done. These toasters are distributed through diverse channels, both online and offline, catering to various end-users such as residential and commercial settings.

The toasters market research report is one of a series of new reports from The Business Research Company that provides toasters market statistics, including toasters industry global market size, regional shares, competitors with a toasters market share, detailed toasters market segments, market trends, and opportunities, and any further data you may need to thrive in the toasters industry. This toasters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The toasters market size has grown strongly in recent years. It will grow from $3.59 billion in 2023 to $3.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. During the historic period, growth can be ascribed to the expansion of electricity accessibility, the onset of industrialization, intensified advertising and marketing efforts, and a mounting demand for efficient kitchen appliances.

The toasters market size is expected to see rapid growth in the next few years. It will grow to $5.76 billion in 2028 at a compound annual growth rate (CAGR) of 10%. Looking forward to the forecast period, growth is expected due to the emergence of smart toasters equipped with connectivity features, the demand for swift and convenient breakfast solutions, and the ongoing trend of urbanization. Significant trends anticipated in this period encompass the integration of smart features, customization and personalization options, enhanced safety features, as well as increased partnerships and investments within the industry.

The toasters market is poised for growth, buoyed by the increasing consumption of bakery products. Bakery products encompass a diverse array of items crafted using wheat flour to yield various bakery-related creations. Continuously evolving to cater to shifting consumer preferences and tastes, the bakery industry offers convenience and healthier options by incorporating wholesome ingredients, natural flavors, and nutritional enhancements. Toasters stand out as versatile appliances capable of toasting a wide assortment of bakery products, including bread, rolls, bagels, English muffins, croissants, and pastries, ensuring efficient toasting with minimal time and effort. For instance, as reported by the American Bakers Association, sales of baking ingredients and supplies surged by 18.7% and 16.3%, respectively, in 2020. Moreover, stats from Euromonitor International, published on the Government of Canada's official website in October 2022, indicate that retail sales of baked goods in the US escalated to $67.9 billion in 2021 and are projected to reach $75.8 billion in 2026. Hence, the burgeoning consumption of bakery products is fueling the growth of the toasters market.

Key players in the toaster market are channeling their efforts into developing innovative cooking features or functionalities integrated into kitchen appliances to enhance cooking performance, efficiency, and convenience. Technological advancements aim to elevate the cooking experience, empowering users to effortlessly prepare delicious meals. For instance, in October 2022, Tineco, a China-based kitchen appliance company, introduced TOASTY ONE, a dual-slot toaster boasting smart capabilities. This product boasts a 4 LCD touchscreen, providing users with a visual interface for controlling the toasting process. Utilizing GoldenCrispy technology, it preserves moisture within the bread while achieving a golden crisp exterior, ensuring optimal texture for every slice. Additionally, the toaster is equipped with IntelliHeat Technology, which adjusts the heat output to achieve the desired level of toasting.

Furthermore, in January 2021, Weber-Stephen Products, LLC, a US-based grill and accessories company, acquired June for an undisclosed sum. This acquisition enabled Weber to gain access to June's software, technology, and product portfolio, with the aim of enhancing grilling experiences through digital products and services. June, a US-based company specializing in smart kitchen appliances such as toaster ovens, aligns with Weber's vision for innovation and advancement in the culinary space.

Major companies operating in the toasters market are Panasonic Corporation, Whirlpool Corporation, Stanley Black & Decker Inc., Groupe SEB SA, The Middleby Corporation, De'Longhi Group, Breville Group, Hamilton Beach Brands Inc., Braun GmbH, Chefman LLC, Conair Corporation, Sunbeam Products Inc., Russell Hobbs Inc., Continental Electric Company Inc., Proctor Silex Ltd., Morphy Richards Limited, Bodum USA Inc., StoreBound LLC, Sunbeam Corp, Sensio Inc., Brentwood Appliances Inc., Kenwood Limited, Dualit Ltd., Smeg S.p.A., West Bend, Lifetime Brands Inc., Salton Corp.

Asia-Pacific was the largest region in the toasters market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the toasters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the toasters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The toaster market consists of sales of toaster grills, smart toasters, and 2-slice toasters. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Toasters Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on toasters market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for toasters? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The toasters market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Product Type: Pop-Up Toasters; Toaster Ovens; Conveyor Toasters
2) By Distribution channel: Online; Offline
3) By End-User: Residential; Commercial
Companies Mentioned: Panasonic Corporation; Whirlpool Corporation; Stanley Black & Decker Inc.; Groupe SEB SA; The Middleby Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r18251

1. Executive Summary

2. Toasters Market Characteristics

3. Toasters Market Trends And Strategies

4. Toasters Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Toasters Market Size and Growth

5.1. Global Toasters Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Toasters Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Toasters Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Toasters Market Segmentation

6.1. Global Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Pop-Up Toasters
Toaster Ovens
Conveyor Toasters
6.2. Global Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Online
Offline
6.3. Global Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Commercial

7. Toasters Market Regional And Country Analysis

7.1. Global Toasters Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Toasters Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Toasters Market

8.1. Asia-Pacific Toasters Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Toasters Market

9.1. China Toasters Market Overview
9.2. China Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Toasters Market

10.1. India Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Toasters Market

11.1. Japan Toasters Market Overview
11.2. Japan Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Toasters Market

12.1. Australia Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Toasters Market

13.1. Indonesia Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Toasters Market

14.1. South Korea Toasters Market Overview
14.2. South Korea Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Toasters Market

15.1. Western Europe Toasters Market Overview
15.2. Western Europe Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Toasters Market

16.1. UK Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Toasters Market

17.1. Germany Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Toasters Market

18.1. France Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Toasters Market

19.1. Italy Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Toasters Market

20.1. Spain Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Toasters Market

21.1. Eastern Europe Toasters Market Overview
21.2. Eastern Europe Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Toasters Market

22.1. Russia Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Toasters Market

23.1. North America Toasters Market Overview
23.2. North America Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Toasters Market

24.1. USA Toasters Market Overview
24.2. USA Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Toasters Market

25.1. Canada Toasters Market Overview
25.2. Canada Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Toasters Market

26.1. South America Toasters Market Overview
26.2. South America Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Toasters Market

27.1. Brazil Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Toasters Market

28.1. Middle East Toasters Market Overview
28.2. Middle East Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Toasters Market

29.1. Africa Toasters Market Overview
29.2. Africa Toasters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Toasters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Toasters Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Toasters Market Competitive Landscape And Company Profiles

30.1. Toasters Market Competitive Landscape
30.2. Toasters Market Company Profiles
- 30.2.1. Panasonic Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Whirlpool Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Stanley Black & Decker Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Groupe SEB SA
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. The Middleby Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Toasters Market Other Major And Innovative Companies

31.1. De'Longhi Group
31.2. Breville Group
31.3. Hamilton Beach Brands Inc.
31.4. Braun GmbH
31.5. Chefman LLC
31.6. Conair Corporation
31.7. Sunbeam Products Inc.
31.8. Russell Hobbs Inc.
31.9. Continental Electric Company Inc.
31.10. Proctor Silex Ltd.
31.11. Morphy Richards Limited
31.12. Bodum USA Inc.
31.13. StoreBound LLC
31.14. Sunbeam Corp
31.15. Sensio Inc.

32. Global Toasters Market Competitive Benchmarking

33. Global Toasters Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Toasters Market

35. Toasters Market Future Outlook and Potential Analysis

35.1 Toasters Market In 2028 - Countries Offering Most New Opportunities
35.2 Toasters Market In 2028 - Segments Offering Most New Opportunities
35.3 Toasters Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer