Toaster Market – Introduction
Toaster is a small electric appliance designed to expose different types of sliced bread to radiant heat. Companies are introducing latest technologies in the global toaster market to increase the product demand. Furthermore, introduction of energy efficient toasters is expected to fuel the growth of global toaster market.
Global Toaster Market – Competition Landscape
De’Longhi Appliances S.r.l.
De’Longhi Appliances S.r.l. was founded in 1902 and is headquartered in Treviso, Italy. It has presence in 40 countries. The company has a worldwide distribution channel and operates from four offices. It also has direct commercial subsidiaries in 33 countries. As of 2017, the company had 8,396 employees. The De'Longhi Group operates their business through four brands: De'Longhi, Kenwood, Braun, and Ariete. Some of their popular toaster models are ICONA elements CTOE, Scultura CTZ, Distinta Flair, Distinta CTI, Argento, Avvolta CTA, and others.
Incorporated in 1910, Hamilton Beach is headquartered in Glen Allen, Virginia, the U.S. The company markets, designs, and distributes home appliances and commercial restaurant equipment. Major markets of Hamilton Beach are the U.S., Canada, and Mexico. The company sells a large number of home appliance products and their accessories. Moreover, it also provides new recipes and tutorials on its blogs where employees display ways to use small kitchen appliance and offer tips to improve food quality. Some of their key products are air fryers, blenders, garment steamer, blenders, food dehydrators, food processors, irons, juicers, knife sharpeners, multi cookers & pressure cookers, stand mixers, toaster ovens, toasters, wine openers, and sous vide.
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Major companies operating in the global toaster market are Hamilton Beach, De’Longhi Appliances S.r.l., KitchenAid, Cuisinart, Star Manufacturing, Black & Decker, Breville USA, Inc., West Bend, Waring Commercial, and Dualit Limited. Companies are working on new product launches to increase their revenue in the market. For instance, U.S.-based Cuisinart has launched digital air fryer toaster ovens and normal air fryer toaster ovens, which have built-in air fryers.
Global Toaster Market – Driver
Increase in Number of Fast Food Restaurants
Rise in the number of food joints and fast food restaurants globally is driving the toaster market. There has been a surge in the number of coffee shops, quick service restaurants, and cafes. Toasters can help cook food quickly, which is driving food joints to purchase this product. In addition, companies are offering user-friendly toasters that cook fast and are easy to use. The demand for smart toasters is also high in the market. These products can be integrated with smartphones and other connected devices. For instance, Griffin Technology’s Connected Toaster uses Bluetooth for smartphone app connection. This application can store, track, and recall toasting preferences of users and ensures the desired end-product.
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Global Toaster Market – Segmentation
The global toaster market can be segmented on the basis of:
- Product Type
- Distribution Channel
Global Toaster Market, by Product Type
In terms of product type, the global toaster market can be divided into:
Global Toaster Market, by Application
Based on application, the global toaster market can be segmented into:
Global Toaster Market, by Distribution Channel
On the basis of distribution channel, the global toaster market can be segregated into:
The report on the global toaster market is a compilation of first-hand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on segments of the market across regions.
Regional analysis of the global toaster market includes:
- North America
- Asia Pacific
- Middle East & Africa
- South America
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.