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Toast Maker Market Product type (Pop-up toaster, Toaster oven, Conveyor toaster) Distributional channel (Home appliance store, Supermarket, Online) Application (Residential , Commercial ) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A10844
Pages: NA
Jun 2021 | 111 Views
 
Author(s) : Roshan Deshmukh
Tables: NA
Charts: NA
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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A toaster is an electric little machine designed to expose different types of sliced bread to radiant heat, browning the bread so it becomes toast. The toaster has classified into three types pop-up toasters, Toaster ovens, and conveyor toaster. The most common household toasters are pop-up and toaster ovens and conveyor toaster are used in restaurants to toast bulk. Driven by structural growth in-home appliance along with increased expenditure on toast maker positively impacted the global market, the transition of the electric toaster to new smart toaster maker has gained more market attention in the recent years.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Type, Distributional channel, and Region.

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, Mexico, and Rest of LAMEA)

  Companies covered

West Bend, BELLA, Black & Decker, Breville, Cuisinart, Dualit, De’Longhi S.p.A.; Hamilton Beach, Kenmore, KitchenAid, Krups, Sunbeam, Waring, and Toastmaster

 

 

COVID-19 Scenario Analysis: 

The COVID-19 impact hit negatively the summer sale of the home-appliance market-wide world. Manufactures fear that they will lose out on peak summer sales as the ongoing lockdown is likely to have a severe impact on sales of toast maker, oven, and other goods. The unsold goods in the market have a serious cause of hampering in the production of durable goods in the market. A key reason for the negative effect is the extension of the lockdown the across globe. The demand in e-commerce and other online marketing channel has a massive drop due to the unavailability of service in pandemic situations.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The global market of toast maker has seen an upswing in advancement in recent years. The introduction of technologies like energy-efficient products and smart toaster has revolutionized in the developing market. Households are the leading end-users of this kitchen appliance, its growing usages in commercial operation, such as coffee shops, hotels, burger joints, and restaurants, is a key growth factor. Besides, a flourishing quick-service restaurant industry gives immense opportunity for players. Reinforcing the purchasing power of buyers over the globe will boost the market growth. 

The Toast maker market trends are as follows:

New product launches to flourish the market

The toast maker market is highly competitive and innovative in terms of innovative product, durable, and cost of the product. The market is distinguished by the presence of international and regional players are increasing their impression in the e-commerce and social-media platform, through various advertisements and promotional events.

The manufactures focusing on launch new products in the flourishing market, have come up with competitive strategies and new product features in the market. Appliances that have technologically advanced features, whereas at the same time, are user friendly and easy to use, are in high demand. Smart toasters have made an appearance in the market nowadays, an increasing number of companies have been offering products that can be coordinated to the user's smartphone and other connected devices. Griffin Technology's recently launched smart toaster, for instance, uses Bluetooth to connect to a smartphone app. The app tracks, stores, and reviews a user's toasting preferences ensuring the end item are as desired.   

Surge in demand from Asia-Pacific market 

The Asia Pacific held the largest revenue share in terms of sales. The market is driven by the growing presence of leading quick-service restaurants and fast food retailers that use toasters for quick meals. Bread is one of the quickest and most convenient breakfast meals and with an increasing working population in the region, demand for toasters to make simple breakfast things will continue to be steady. Product demand and sales are also fueled by the rising purchasing power of buyers and increase the income level of people.

Key Segments Covered:

Segments

Sub-segments

  Product type

  • Pop-up toaster
  • Toaster oven
  • Conveyor toaster

  Distributional channel

  • Home appliance store
  • Supermarket
  • Online

  Application

  • Residential
  • Commercial  

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the Toast maker market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global Toast maker market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Toast maker market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global Toast maker market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in Toast maker market Research Report:

  • What are the leading market players active in the Toast maker market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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