Europe Toaster Market Size, Share & Trends Analysis Report By Product (Pop-up, Conveyor, and Oven), By Distribution Channel (Offline, and Online), By Application (Residential, and Commercial), By Country and Growth Forecast, 2023 - 2030
The Europe Toaster Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 5,321.2 thousand units, showcasing a growth of 4.5% (2019-2022).
The rise of remote work cultures, accentuated by events, has transformed breakfast rituals. The market players adapt to the increased demand for home-cooked breakfasts, aligning their products with the changing dynamics of work-from-home lifestyles. The market caters to the contemporary consumer's desire for customization. Adjustable settings, diverse toasting options, and additional functionalities empower users to tailor their toasting experiences, contributing to market growth.
The market's dynamism is evident in the innovation beyond traditional toasting functionalities. Toaster ovens, multifunctional capabilities, and integration into broader kitchen ecosystems showcase the industry's commitment to versatility and adaptability. The manufacturers are expanding their product offerings to include multifunctional appliances. Beyond basic toasting, these devices may incorporate baking, broiling, and air frying features, providing consumers with versatile kitchen solutions.
Similarly, rising disposable income creates new opportunities for the market in other European regions. According to data from Eurostat, the gross household-adjusted disposable income of the European Union amounted to €11,586 billion in 2022, which accounted for roughly 73.3% of the gross domestic product (GDP). France accounted for 18.3% of the total household-adjusted disposable income among EU member states, with Italy following suit with 13.0%. The impact of rising disposable income in Europe on the market is expected to be positive, driving both demand and innovation within the industry. Manufacturers may need to adapt to the changing preferences and expectations of consumers with increased spending capacity. Consequently, an increase in disposable income propels the growth of the market in the region.
The Germany market dominated the Europe Toaster Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $324.1 million by 2030. The UK market is registering a CAGR of 3.7% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 5.4% during (2023 - 2030).
Based on Product, the market is segmented into Pop-up, Conveyor, and Oven. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Application, the market is segmented into Residential, and Commercial. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Panasonic Holdings Corporation
- LG Electronics, Inc. (LG Corporation)
- Samsung Electronics Co., Ltd. (Samsung Group)
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
- Hisense International Co., Ltd.
- Breville Group Limited
- Koninklijke Philips N.V.
- Dualit Ltd.
- Hamilton Beach Brands, Inc. (Hamilton Beach Brands Holding Company)
- Whirlpool Corporation
By Product (Volume, Thousand Units, USD Billion, 2019-2030)
- Pop-up
- Conveyor
- Oven
- Offline
- Online
- Residential
- Commercial
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Toaster Market, by Product
- 1.4.2 Europe Toaster Market, by Distribution Channel
- 1.4.3 Europe Toaster Market, by Application
- 1.4.4 Europe Toaster Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Strategies Deployed in Toaster Market
- Chapter 5. Europe Toaster Market, By Product
- 5.1 Europe Pop-up Market, By Country
- 5.2 Europe Conveyor Market, By Country
- 5.3 Europe Oven Market, By Country
- Chapter 6. Europe Toaster Market, By Distribution Channel
- 6.1 Europe Offline Market, By Country
- 6.2 Europe Online Market, By Country
- Chapter 7. Europe Toaster Market, By Application
- 7.1 Europe Residential Market, By Country
- 7.2 Europe Commercial Market, By Country
- Chapter 8. Europe Toaster Market, By Country
- 8.1 Germany Toaster Market
- 8.1.1 Germany Toaster Market, By Product
- 8.1.2 Germany Toaster Market, By Distribution Channel
- 8.1.3 Germany Toaster Market, By Application
- 8.2 UK Toaster Market
- 8.2.1 UK Toaster Market, By Product
- 8.2.2 UK Toaster Market, By Distribution Channel
- 8.2.3 UK Toaster Market, By Application
- 8.3 France Toaster Market
- 8.3.1 France Toaster Market, By Product
- 8.3.2 France Toaster Market, By Distribution Channel
- 8.3.3 France Toaster Market, By Application
- 8.4 Russia Toaster Market
- 8.4.1 Russia Toaster Market, By Product
- 8.4.2 Russia Toaster Market, By Distribution Channel
- 8.4.3 Russia Toaster Market, By Application
- 8.5 Spain Toaster Market
- 8.5.1 Spain Toaster Market, By Product
- 8.5.2 Spain Toaster Market, By Distribution Channel
- 8.5.3 Spain Toaster Market, By Application
- 8.6 Italy Toaster Market
- 8.6.1 Italy Toaster Market, By Product
- 8.6.2 Italy Toaster Market, By Distribution Channel
- 8.6.3 Italy Toaster Market, By Application
- 8.7 Rest of Europe Toaster Market
- 8.7.1 Rest of Europe Toaster Market, By Product
- 8.7.2 Rest of Europe Toaster Market, By Distribution Channel
- 8.7.3 Rest of Europe Toaster Market, By Application
- Chapter 9. Company Profiles
- 9.1 Panasonic Holdings Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.6 SWOT Analysis
- 9.2 LG Electronics, Inc. (LG Corporation)
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional & Segmental Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Samsung Electronics Co., Ltd. (Samsung Group)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 SWOT Analysis
- 9.4 Haier Smart Home Co., Ltd. (Haier Group Corporation)
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 SWOT Analysis
- 9.5 Hisense International Co., Ltd.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Regional Analysis
- 9.5.4 SWOT Analysis
- 9.6 Breville Group Limited
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Recent strategies and developments:
- 9.6.4.1 Acquisition and Mergers:
- 9.6.5 SWOT Analysis
- 9.7 Koninklijke Philips N.V.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 SWOT Analysis
- 9.8 Dualit Ltd
- 9.8.1 Company Overview
- 9.8.2 Recent strategies and developments:
- 9.8.2.1 Product Launches and Product Expansions:
- 9.8.3 SWOT Analysis
- 9.9 Hamilton Beach Brands, Inc. (Hamilton Beach Brands Holding Company)
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Product and Regional Analysis
- 9.9.4 Regional Analysis
- 9.9.5 SWOT Analysis
- 9.10. Whirlpool Corporation
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Regional Analysis
- 9.10.4 Research & Development Expense
- 9.10.5 SWOT Analysis
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