Toasters Market Report 2026

The toasters market size has grown strongly in recent years. It will grow from $4.27 billion in 2025 to $4.67 billion in 2026 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to growth in household appliance adoption, rising urbanization levels, increasing disposable income, expansion of commercial food service outlets, demand for quick breakfast solutions.

The toasters market size is expected to see strong growth in the next few years. It will grow to $6.36 billion in 2030 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to integration of smart connectivity features, growth in online appliance sales channels, increasing focus on sustainable kitchen appliances, rising demand from quick service restaurants, product innovation in compact and multifunction designs. Major trends in the forecast period include increasing demand for smart and programmable toasters, rising adoption of energy-efficient kitchen appliances, growing preference for multi-function toaster ovens, expansion of compact and space-saving toaster designs, increased focus on safety features and auto shut-off mechanisms.

The rising consumption of bakery products is expected to boost the growth of the toasters market going forward. Bakery products refer to a wide range of items that use wheat flour to produce various final bakery-related goods. The bakery industry consistently introduces new and innovative products to meet evolving consumer preferences and tastes, offering convenience and healthier options with wholesome ingredients, natural flavors, and nutritional enhancements. Toasters are versatile appliances capable of toasting a wide range of bakery items, including different types of bread, rolls, bagels, English muffins, croissants, and pastries, ensuring efficient toasting with minimal time and effort. For instance, in February 2024, according to Food Business News, a US-based industry source, total bakery dollar sales in the United States reached $48.5 billion, up 0.5% year-on-year, while fresh (perimeter) bakery department dollar sales increased 1.2% to $21.4 billion for the year. Therefore, the rising consumption of bakery products is driving the growth of the toasters market.

Major companies operating in the toaster market are focusing on developing advanced solutions, such as Wi-Fi-enabled smart toasters, to enhance user convenience and integrate appliances into connected kitchens. These smart toasters are equipped with Internet connectivity, sensor-driven toasting algorithms, and cloud capabilities, enabling remote control, automatic updates, and personalized toasting presets. For instance, in January 2024, Revolution, a US-based appliance brand, introduced its touchscreen-based smart toaster featuring Wi-Fi connectivity, a real-time weather feed, and patented InstaGLO 2 high-speed heating technology. The device supports over-the-air firmware upgrades, offers multiple bread-type presets, and provides customizable toasting levels, positioning it as a connected hub in the modern kitchen.

In April 2024, Whirlpool Corporation, a US-based provider of consumer appliances, partnered with Arçelik A.Ş to form a new entity called Beko Europe B.V. Through this partnership, Whirlpool aims to advance its portfolio transformation, enhance operational efficiency, and strengthen its market presence in Europe through shared innovation, sustainable manufacturing, and brand collaboration. Arçelik A.Ş is a Turkey-based consumer electronics company that specializes in manufacturing domestic appliances, including toasters.

Major companies operating in the toasters market are Panasonic Corporation, Whirlpool Corporation, Stanley Black & Decker Inc., Groupe SEB SA, The Middleby Corporation, De'Longhi Group, Breville Group, Hamilton Beach Brands Inc., Braun GmbH, Chefman LLC, Conair Corporation, Sunbeam Products Inc., Russell Hobbs Inc., Continental Electric Company Inc., Proctor Silex Ltd., Morphy Richards Limited, Bodum USA Inc., StoreBound LLC, Sunbeam Corp, Sensio Inc., Brentwood Appliances Inc., Kenwood Limited, Dualit Ltd., Smeg S.p.A., West Bend, Lifetime Brands Inc., Salton Corp.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have impacted the toaster market by increasing the cost of imported heating elements, electronic controls, and stainless steel components used in manufacturing. These cost pressures have affected both residential and commercial toaster segments, particularly in regions dependent on overseas production such as Asia-Pacific and parts of Europe. Higher tariffs have led to pricing adjustments and margin pressures for manufacturers and distributors. However, tariffs have also encouraged local manufacturing, supplier diversification, and design optimization to reduce component dependency, supporting long-term market stability.

The toasters market research report is one of a series of new reports that provides toasters market statistics, including toasters industry global market size, regional shares, competitors with a toasters market share, detailed toasters market segments, market trends, and opportunities, and any further data you may need to thrive in the toasters industry. This toasters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Toasters, essential kitchen appliances, are engineered to toast bakery items by subjecting them to radiant heat. They typically comprise heated metal wires, known as heating elements, situated within a slot or chamber. Bread or other items are placed inside these slots for toasting, where the heating elements generate the necessary heat to crisp and golden-brown the surfaces.

Toasters are categorized into several types, including pop-up toasters, toaster ovens, and conveyor toasters. Pop-up toasters are compact appliances designed to vertically toast bread slices. Equipped with slots for bread insertion, they automatically eject the toast when done. These toasters are distributed through diverse channels, both online and offline, catering to various end-users such as residential and commercial settings.Asia-Pacific was the largest region in the toasters market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the toasters market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the toasters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The toaster market consists of sales of toaster grills, smart toasters, and 2-slice toasters. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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