Press release
Toaster Market Revenue, Future Growth, Trends, Top Key Players, Business Opportunities, Industry Share, Size Analysis by Forecast 2027
The emergence of coronavirus has caused the world's economy to tumble down. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.
We are perpetually working on our reports to help uplift businesses in this crucial time. Our expertise and experience can offer enormous benefits to help regain during this global pandemic.
The report on the toaster market reveals:
Eminent insights into the industry
Important data with in-depth research
Factors exhibiting market growth
Comprehensive study about main regions
COVID-19 impact on the market
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List 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)
Market Driver:
Surging Hospitality Industry to Propel Market
The inauguration of new cafés, restaurants, hotels, schools, and others will spur opportunities for the market during the forecast period. The increasing consumption of fast food will simultaneously improve the prospects of the market. 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. Besides, the growing governmental initiatives & policies for the production of home appliances can promote the growth of the market.
Declining Sale of Toasters to Retard Market Amid Coronavirus
The diminishing purchasing power of consumers will considerably dampen the business during the pandemic. Moreover, the shift from traditional shopping methods to online shopping can further limit the adoption of toasters, which, in turn, will restrict the growth of the market. However, the surging online sales will consequently uplift the market during coronavirus. Besides, the demand for kitchenware products among the middle class and upper class will fuel the demand for toasters, hence, aiding the market growth.
Regional Analysis:
Heavy Consumption of Kitchenware Products to Promote Growth in Asia Pacific
The Toaster market size in Asia Pacific is expected to witness rapid growth during the forecast period owing to the increasing consumption of premium kitchenware products in developing nations such as India, and China. According to the data presented by the China Household Electrical Appliances Association, on 18 August 2020, single-day transaction sales value of the home appliances items has reached to USD 38.79 billion in China during the JD.com festival session. Moreover, the presence of major companies such as Hebei AOCNA Baking Machinery Co. Ltd., Haier Group Corporation, Samsung Electronics Inc., Panasonic Corporation, and others will influence the healthy growth of the market in the region.
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Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Emerging Trends
Key Insights
Overview of the Parent/Related Markets
Industry SWOT Analysis
Supply Chain and Regulatory Analysis
Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
Qualitative Analysis (In relation to COVID-19)
Impact of COVID-19
Supply Chain Challenges
Potential Opportunities due to COVID-19
Global Toaster Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Size Estimates and Forecast
By Product (Value)
Pop-up
Oven
Conveyor
By Application (Value)
Residential
Commercial
By Distribution Channel (Value)
Online
Offline
By Region (Value)
North America
Europe
Asia Pacific
South America
Middle East & Africa
TOC Continued…!
Key Development:
May 2020: Newell Brands Inc., a leader in cookware, bakeware, cutlery, and kitchen appliances introduced cool performance touch countertop oven under their brand 'Calphalon' that consists of an innovative exterior to provide 75% coolness to the device and the interior feature that uses quartz heat technology to deliver 40% more even heat that other oven's to provide uniform heating to the food
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