US Toaster Market

Market Overview:

US toaster market size reached US$ 768.1 Million in ​2023​. Looking forward, IMARC Group expects the market to reach US$ 1,134.3 Million by ​2032​, exhibiting a growth rate (CAGR) of 4.40% during 2024-2032. The rising inclination among key players towards developing sustainable and energy-saving designs and the growing adoption of convenient breakfast solutions are primarily driving the market growth across the country.

A toaster is a common household appliance specifically designed to heat slices of bread, bagels, or similar items via exposure to a high temperature. Typically, it comprises two vertically oriented slots where users can place the items to be toasted. This device is commonly equipped with adjustable browning settings, thereby enabling users to tailor the toasting level to their preference, ranging from lightly toasted to a deep golden-brown. Additionally, it generally includes user-friendly timers to ensure consistent results. The toaster features numerous extra functionalities, such as bagel settings, defrost functions, cancel buttons, etc., for added versatility.

US Toaster Market Trends:

The US toaster market is undergoing notable transformations, primarily driven by the increasing demand for smart and technologically advanced product variants. Consumers are seeking features like touch-screen controls, smart connectivity, and preset options for diverse bread types, reflecting a shift towards more convenient and customizable toasting experiences. Moreover, energy efficiency is becoming a prominent trend, with manufacturers across the US focusing on designing toasters that consume less power without compromising on performance. Besides this, the increasing consumer emphasis on sustainable and eco-friendly appliances is acting as another significant growth-inducing factor. Furthermore, the development of sleek aesthetics and compact models catering to modern kitchen spaces is also positively influencing the market growth across the country. In line with this, multi-functional toasters with capabilities beyond simple toasting, such as defrosting and reheating, are gaining popularity, providing users with versatile kitchen solutions. Additionally, the elevating number of health-conscious individuals is propelling the usage of toasters featuring specialized functions for gluten-free and artisanal bread. Apart from this, the increasing focus of leading players on technological advancements, energy efficiency, design innovation, and catering to diverse dietary preferences underscore their commitment to provide enhanced, sustainable, and versatile toasting solutions, which in turn, is expected to fuel the market growth across the US over the forecasted period.

US Toaster Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product, application, and distribution channel.

Product Insights:

• Pop-up Toasters
• Toaster Oven
• Conveyor Toasters
   

The report has provided a detailed breakup and analysis of the market based on the product. This includes pop-up toasters, toaster oven, and conveyor toasters.

Application Insights:

• Commercial
• Residential
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes commercial and residential.

Distribution Channel Insights:

• Offline
• Online
   

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes Offline and Online.

Regional Insights:

• Northeast
• Midwest
• South
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

US Toaster Market Report Coverage:

Key Questions Answered in This Report:

• How has the US toaster market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the US toaster market?
• What is the breakup of the US toaster market on the basis of product?
• What is the breakup of the US toaster market on the basis of application?
• What is the breakup of the US toaster market on the basis of distribution channel?
• What are the various stages in the value chain of the US toaster market? 
• What are the key driving factors and challenges in the US toaster?
• What is the structure of the US toaster market and who are the key players?
• What is the degree of competition in the US toaster market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the US toaster market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the US toaster market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the US toaster industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.