Who are the key players in Toasters Market?

Breville, Morphy Richards, Hamilton Beach, Black+Decker and Cuisinart are the major companies operating in the Toasters Market. Read More

Which is the fastest growing region in Toasters Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Toasters Market?

In 2024, the Asia Pacific accounts for the largest market share in Toasters Market. Read More

What years does this Toasters Market cover, and what was the market size in 2023?

In 2023, the Toasters Market size was estimated at USD 4.04 billion. The report covers the Toasters Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Toasters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Toasters Market Size

Market Size of Toasters Industry

Study Period	2020-2029
Market Size (2024)	USD 4.20 Billion
Market Size (2029)	USD 5.09 Billion
CAGR (2024 - 2029)	3.91 %
Fastest Growing Market	North America
Largest Market	Asia Pacific
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

Toasters Market Analysis

The Toasters Market size is estimated at USD 4.20 billion in 2024, and is expected to reach USD 5.09 billion by 2029, growing at a CAGR of 3.91% during the forecast period (2024-2029).

A toasting device is used to toast bread, bagels, and other bread-related foods. Toasters are generally used for home and commercial applications such as restaurants and cafes. Toasters are available in the market in various types, such as pop-up toasters, standard oven toasters, air fryer toasters, and others. Users can make other dishes in toasters, such as pizza, besides toasting bread. The market is witnessing a technological integration of products for smart home applications. This factor, coupled with people's increasing income levels across the globe, is shifting the customer focus towards high-end home appliances such as toasters. The focus shift has also encouraged players in the market to introduce new and technologically advanced appliances.

An increase in the disposable income of individuals results in enhanced purchasing power, which is expected to boost the market's growth. The toasters market is likely to grow significantly due to rapid urbanization worldwide.

Toasters Industry Segmentation

A toasting machine is an appliance used to toast bread, bagels and other foods which are related to bread. Toasters are generally used for home and commercial use, such as restaurants or cafés.The toasters market is segmented by product, by distribution channel, and by geography. By product, the market is further segmented into pop-up toasters, standard toaster ovens, convection/air fryer toaster ovens, and sandwich toasters. By distribution channel, the market is further segmented into multi-brand stores, exclusive brand outlets, and online. By geography, the market is further segmented into North America, Asia Pacific, Europe, South America, and Middle East and Africa. The Report offers market size and forecasts in Value (USD) for all the Above Segments.

By Product Type
		Pop-Up Toasters
		Standard Toaster Ovens
		Convection/Air Fryer Toaster Ovens
		Sandwich Toasters

By Distribution Channel
		Multi-Brand Stores
		Exclusive Brand Outlets
		Online

By Region

North America

US
	Canada

Mexico

Aisa Pacific
	China
	Japan
	Indonesia
	Australia
	India
	South Korea
	Rest of Asia Pacific

Europe
	UK
	Germany
	France
	Italy
	Spain
	Rest of Europe

South America
	Brazil
	Rest of South America

Middle East & Africa
	United Arab Emirates
	Rest of Middle East & Africa

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Toasters Market Size Summary

The toasters market is poised for steady growth, driven by technological advancements and changing consumer preferences. As a staple appliance in both residential and commercial settings, toasters are evolving with features that cater to smart home integrations and diverse dietary needs. The increasing disposable income and urbanization are significant factors propelling the market, as consumers seek high-end appliances that offer convenience and efficiency. The demand for toasters is further bolstered by the global trend towards healthier breakfast options, prompting manufacturers to innovate with models that accommodate gluten-free and whole-grain bread. The rise of e-commerce platforms also facilitates access to a wide range of toaster options, enhancing consumer choice and competitive pricing.

In the Asia Pacific region, the toasters market is experiencing robust growth due to high tourism and rising disposable incomes, which fuel the demand for kitchen appliances in hotels, restaurants, and homes. The region's urbanization and focus on energy-efficient products align with global sustainability trends, further driving market expansion. The competitive landscape is characterized by a few dominant players, such as Breville, Morphy Richards, Hamilton Beach, Black+Decker, and Cuisinart, who are actively enhancing their product offerings and adopting new technologies. Recent strategic initiatives, like Morphy Richards' brand enhancement and Samsung's showcase of smart appliances, highlight the industry's commitment to innovation and market share expansion.

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Toasters Market Size - Table of Contents

1. MARKET DYNAMICS AND INSIGHTS
1. 1.1 Market Overview
2. 1.2 Market Drivers
  1. 1.2.1 Rise of Smart Kitchen is Driving the Market
  2. 1.2.2 Growing Urbanisation is Driving Need for Quick Meal Preparation
3. 1.3 Market Restraints
  1. 1.3.1 Changing Needs and Taste of Customers
  2. 1.3.2 Limited Usage of the Product
4. 1.4 Market Opportunities
  1. 1.4.1 Adoption of Energy-Efficient Appliances
  2. 1.4.2 Technological Integration for Smart Home Application
5. 1.5 Industry Value Chain Analysis
6. 1.6 Industry Attractiveness - Porters' Five Forces Analysis
  1. 1.6.1 Threat of New Entrants
  2. 1.6.2 Bargaining Power of Buyers
  3. 1.6.3 Bargaining Power of Suppliers
  4. 1.6.4 Threat of Substitutes
  5. 1.6.5 Intensity of Competitive Rivalry
7. 1.7 Insights on technology Innovation in the Market.
8. 1.8 Impact of COVID-19 on the Market
2. MARKET SEGMENTATION
1. 2.1 By Product Type
  1. 2.1.1 Pop-Up Toasters
  2. 2.1.2 Standard Toaster Ovens
  3. 2.1.3 Convection/Air Fryer Toaster Ovens
  4. 2.1.4 Sandwich Toasters
2. 2.2 By Distribution Channel
  1. 2.2.1 Multi-Brand Stores
  2. 2.2.2 Exclusive Brand Outlets
  3. 2.2.3 Online
3. 2.3 By Region
  1. 2.3.1 North America
    1. 2.3.1.1 US
      1. 2.3.1.1.1 Canada
    2. 2.3.1.2 Mexico
  2. 2.3.2 Aisa Pacific
    1. 2.3.2.1 China
    2. 2.3.2.2 Japan
    3. 2.3.2.3 Indonesia
    4. 2.3.2.4 Australia
    5. 2.3.2.5 India
    6. 2.3.2.6 South Korea
    7. 2.3.2.7 Rest of Asia Pacific
  3. 2.3.3 Europe
    1. 2.3.3.1 UK
    2. 2.3.3.2 Germany
    3. 2.3.3.3 France
    4. 2.3.3.4 Italy
    5. 2.3.3.5 Spain
    6. 2.3.3.6 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Rest of South America
  5. 2.3.5 Middle East & Africa
    1. 2.3.5.1 United Arab Emirates
    2. 2.3.5.2 Rest of Middle East & Africa