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Global Residential Toaster Ovens Market 2019-2023 - Product Image

Global Residential Toaster Ovens Market 2019-2023

  • ID: 4747499
  • Report
  • January 2019
  • Region: Global
  • 119 pages
  • TechNavio
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FEATURED COMPANIES

  • Haier Group
  • Koninklijke Philips
  • Panasonic Corporation
  • Spectrum Brands
  • Whirlpool Corporation
  • MORE
The growth in purchasing power and rising disposable income. expenditure on cooking appliances has increased. This further propels the demand for premium cooking appliances such as toaster ovens. The demand for premium toaster ovens also fuels investments in innovative product raw materials and technologies. This can have a positive impact on the performance of these appliances. Consumers prefer appliances that are smart highly-efficient. and user-friendly. This leads to product premiumization and consecutively drives the value sales of the market.

Since premium products are priced higher than regular products these innovations widen the opportunities for vendors to expand their profit margins. Manufacturers of cooking appliances focus more on pricing strategies to increase their profit margins by setting premium pricing for innovative and tech-savvy products. Thus, the growing demand for premium innovative cooking appliances works as a price-metric parameter for market participants. The analysts have predicted that the global residential toaster ovens market will register a CAGR of about 7% by 2023.

Market Overview

User friendly, convenience, and multifunctionality

Toaster ovens make cooking easier as they save time and offer convenience. They also allow consumers to use multiple cooking options such as bake, convection: broil, and rotisserie. Warming food is also a crucial function. With the introduction of toaster ovens, cooking has become easier and faster: and allow food warming as per requirement. Moreover; cooking preserves all the nutrients. vitamins: and minerals in the food along with flavor and texture.

Long product replacement cycle

The long lifespan of such appliances reduces the frequency of product replacements thereby adversely affecting the year-over-year growth of the market. Their low maintenance requirement further contributes to infrequent product purchases. Therefore. these factors drive and raise product lifespan, thereby restricting frequent sales.

For the detailed list of factors that will drive and challenge the growth of the residential toaster ovens market during the 2019-2023, view this report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several companies. Innovation and advances in technology have changed demand and preferences, thereby influencing vendors to invest in R&D and innovation in terms of technology: performance, features: and design. This has further intensified market competition. The demand for energy-efficient, multi-feature toaster ovens is high. To meet such evolving customer needs; vendors continuously widen their product portfolio per evolving consumer demand.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Haier Group
  • Koninklijke Philips
  • Panasonic Corporation
  • Spectrum Brands
  • Whirlpool Corporation
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY TECHNOLOGY
  • Segmentation by technology
PART 07: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
  • Market segmentation by distribution channel
  • Comparison by distribution channel
  • Offline - Market size and forecast 2018-2023
  • Online - Market size and forecast 2018-2023
  • Market opportunity by distribution channel
PART 08: CUSTOMER LANDSCAPE

PART 09: MARKET SEGMENTATION BY TECHNOLOGY

PART 10: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 11: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 12: MARKET TRENDS
  • Growing demand for smart connected toaster ovens
  • Portability, compatibility, and fit for every lifestyle
  • Introduction of multi-cooking features in toaster ovens
PART 13: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 14: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Haier Group
  • Koninklijke Philips
  • Panasonic Corporation
  • Spectrum Brands
  • Whirlpool Corporation
PART 15: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Years in consideration
Exhibit 02: Global household durables market
Exhibit 03: Segments of global household durables market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Household and NPISHs final consumption expenditure per capita (constant 2010 US$) 2011-2016
Exhibit 10: Household disposable income per capita (US$) 2011-2016
Exhibit 11: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 12: Five forces analysis 2018
Exhibit 13: Five forces analysis 2023
Exhibit 14: Bargaining power of buyers
Exhibit 15: Bargaining power of suppliers
Exhibit 16: Threat of new entrants
Exhibit 17: Threat of substitutes
Exhibit 18: Threat of rivalry
Exhibit 19: Market condition - Five forces 2018
Exhibit 20: Global residential toaster ovens market by technology 2018 (% share of revenue)
Exhibit 21: Key vendors offering non-smart toaster ovens
Exhibit 22: Distribution channel - Market share 2018-2023 (%)
Exhibit 23: Comparison by distribution channel
Exhibit 24: Offline - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Offline - Year-over-year growth 2019-2023 (%)
Exhibit 26: Online - Market size and forecast 2018-2023 ($ millions)
Exhibit 27: Online - Year-over-year growth 2019-2023 (%)
Exhibit 28: Market opportunity by distribution channel
Exhibit 29: Customer landscape
Exhibit 30: Market share by geography 2018-2023 (%)
Exhibit 31: Geographic comparison
Exhibit 32: Americas - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 34: Top 3 countries in Americas
Exhibit 35: EMEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 37: Top 3 countries in EMEA
Exhibit 38: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 40: Top 3 countries in APAC
Exhibit 41: Key leading countries
Exhibit 42: Market opportunity
Exhibit 43: Decision framework
Exhibit 44: Impact of drivers and challenges
Exhibit 45: Vendor landscape
Exhibit 46: Landscape disruption
Exhibit 47: Vendors covered
Exhibit 48: Vendor classification
Exhibit 49: Market positioning of vendors
Exhibit 50: Haier Group - Vendor overview
Exhibit 51: Haier Group - Business segments
Exhibit 52: Haier Group - Organizational developments
Exhibit 53: Haier Group - Geographic focus
Exhibit 54: Haier Group - Segment focus
Exhibit 55: Haier Group - Key offerings
Exhibit 56: Koninklijke Philips - Vendor overview
Exhibit 57: Koninklijke Philips - Business segments
Exhibit 58: Koninklijke Philips - Organizational developments
Exhibit 59: Koninklijke Philips - Geographic focus
Exhibit 60: Koninklijke Philips - Segment focus
Exhibit 61: Koninklijke Philips - Key offerings
Exhibit 62: Panasonic Corporation - Vendor overview
Exhibit 63: Panasonic Corporation - Business segments
Exhibit 64: Panasonic Corporation - Organizational developments
Exhibit 65: Panasonic Corporation - Geographic focus
Exhibit 66: Panasonic Corporation - Segment focus
Exhibit 67: Panasonic Corporation - Key offerings
Exhibit 68: Spectrum Brands - Vendor overview
Exhibit 69: Spectrum Brands - Business segments
Exhibit 70: Spectrum Brands - Organizational developments
Exhibit 71: Spectrum Brands - Geographic focus
Exhibit 72: Spectrum Brands - Segment focus
Exhibit 73: Spectrum Brands - Key offerings
Exhibit 74: Whirlpool Corporation - Vendor overview
Exhibit 75: Whirlpool Corporation - Product segments
Exhibit 76: Whirlpool Corporation - Organizational developments
Exhibit 77: Whirlpool Corporation - Geographic focus
Exhibit 78: Whirlpool Corporation - Segment focus
Exhibit 79: Whirlpool Corporation - Key offerings
Exhibit 80: Validation techniques employed for market sizing
Exhibit 81: List of abbreviations
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Haier Group
  • Koninklijke Philips
  • Panasonic Corporation
  • Spectrum Brands
  • Whirlpool Corporation
  • MORE
Global Residential Toaster Ovens Market 2019-2023

The author recognizes the following companies as the key players in the global residential toaster ovens market: Haier Group, Koninklijke Philips, Panasonic Corporation, Spectrum Brands, Whirlpool Corporation.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing demand for smart connected toasters ovens.”

According to the report, one of the major drivers for this market is the technology advances and innovation leading to product premiumization.

Further, the report states that one of the major factors hindering the growth of this market is the high penetration of alternative products

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 a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Haier Group
  • Koninklijke Philips
  • Panasonic Corporation
  • Spectrum Brands
  • Whirlpool Corporation
Note: Product cover images may vary from those shown
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