The residential toaster ovens market is forecasted to grow by USD 1058.8 mn during 2023-2028, accelerating at a CAGR of 7.44% during the forecast period. The report on the residential toaster ovens market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technology advances and innovation lead to product premiumization, enhanced safety features in residential toaster ovens, and increasing disposable income of consumers in developing countries.
Technavio's residential toaster ovens market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
6.4%
CAGR
7.44%
Incremental Value
$1058.8mn
By Distribution Channel
Offline
Online
By Product
Non smart toaster ovens
Smart toaster ovens
By Geography
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the growing demand for smart connected toaster ovens as one of the prime reasons driving the residential toaster ovens market growth during the next few years. Also, increasing demand for portable and compatible toster ovens and introduction of multi-cooking features in toaster ovens will lead to sizable demand in the market.
The report on the residential toaster ovens market covers the following areas:
Residential toaster ovens market sizing
Residential toaster ovens market forecast
Residential toaster ovens market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading residential toaster ovens market vendors that include AB Electrolux, Avanti Products LLC, Bajaj Electricals Ltd., Brentwood Appliance Inc., Breville Group Ltd., De Longhi S.p.A, Haier Smart Home Co. Ltd., Hamilton Beach Brands Holding Co., Havells India Ltd., Koninklijke Philips N.V., Midea Group Co. Ltd., Newell Brands Inc., Panasonic Holdings Corp., Spectrum Brands Holdings Inc., Taurus Group, Toshiba Corp., TTK Prestige Ltd., Usha International Ltd., Weber Stephen Products HK Ltd., and Whirlpool Corp.. Also, the residential toaster ovens market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market by Geography
Executive Summary - Chart on Market Segmentation by Distribution Channel
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Residential Toaster Ovens Market 2018 - 2022
Historic Market Size - Data Table on Global Residential Toaster Ovens Market 2018 - 2022 ($ million)
4.2 Distribution Channel segment analysis 2018 - 2022