A toaster most commonly known as toast maker is an electric small appliance designed to brown sliced bread by exposing it to radiant heat, thus converting it into toast. Toasters can toast multiple types of sliced bread products. Toasters are known to consume six times lesser energy than Conventional ovens.
Drivers & Restraints
While households are the leading end users of this kitchen appliance, its growing usage in commercial settings, such as coffee shops, hotels, cafes, diners, and restaurants, is a key growth factor. Moreover, a thriving quick-service restaurant industry provides immense opportunity for players. Strengthening purchasing power of consumers across the globe will also benefit market growth.
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The market has been segment into North America, South America, Europe, Asia-Pacific, and Middle East and Africa. Southeast Asia and India are big potential markets for the coming decades considering the increasing use of electronics across the region.
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