The global ''toaster size'' market is expected to reach USD 4.72 billion by 2027, exhibiting a CAGR of 4.2% during the forecast period.
The growing consumer demand for luxurious kitchen appliances items such as refrigerators, mixer grinders, toasters & ovens can have a stupendous effect on the market, states Fortune Business Insights, in a report, titled “Toaster Market Size, Share & COVID-19 Impact Analysis, By Product (Pop-up, Oven, and Conveyor), Application (Residential and Commercial), Distribution Channel (Online and Offline), and Regional Forecast, 2020-2027.” The market size stood at USD 3.83 billion in 2019.The emergence of coronavirus has caused the world’s economy to tumble down.
Study Period: 2016-2027 Base Year: 2019 Forecast Period: 2020-2027 Historical Period: 2016-2018List of the Leading Companies Profiled in the Global Toaster Market are:Panasonic Corporation (Osaka, Japan)LG Electronics (Seoul, South Korea)Samsung Electronics Co. Ltd. (Seoul, South Korea)Gorenje (Velenje, Slovenia)Haier Group Corporation (Qingdao, China)De’Longhi S.p.A. (Treviso, Italy)Severin Elektrogerate GmbH (Sundern, Germany)BSH Hausgerate GmbH (Munich, Germany)HAEGER (California, United States)Walten Hi-Tech Industries Ltd. (Gazipur, India)The report on the toaster market reveals:Eminent insights into the industryImportant data with in-depth researchFactors exhibiting market growthComprehensive study about main regionsCOVID-19 impact on the marketMarket Driver:Surging Hospitality Industry to Propel MarketThe inauguration of new cafés, restaurants, hotels, schools, and others will spur opportunities for the market during the forecast period.
According to the report ‘Hospitality, Tourism and Leisure in the UAE’, published by the US-UAE Business Council, as of 2018, Dubai had 703 hotels and apartment properties combined with a total number of 111,864 rooms, an increase of 6% over to that of 2017.
The increasing inclination towards food recipes through on-demand videos & posts will foster healthy growth of the market during the forecast period.
Toaster Market Report Focus on:Extensive product offeringsCustomer research servicesRobust research methodologyComprehensive reportsLatest technological developmentsValue chain analysisPotential Market opportunitiesGrowth dynamicsQuality assurancePost-sales supportRegular report updates Reasons to Purchase this Report:Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.Identifies market restraints and boosters.Identifies all the possible segments present in the market to aid organizations in strategic business planning.