Published On : 11 Oct 2018
The global commercial toaster market is choc-o-bloc with players – large international ones as well as their smaller regional counterparts. This makes the market highly fragmented and competitive too. Agile manufacturers in the global commercial toaster market are seen competing with one another on the basis of technology, quality products, and pricing. All such strategies are having a major positive impact on the overall market. As a result, in the near term, it is set to rise impressively by clocking a single digit CAGR.
Efforts by Manufacturers to Improve Features and Functionalities Boosts Commercial Toaster Market
In order to surge ahead of their rivals, savvy players in the global commercial toaster market are seen focussing on their research and development efforts to come up with better products. They are trying to make products that work faster and are long lasting. They are also experimenting with designs and underpinning technologies.
In fact, one of the biggest trends when it comes to product development in the global commercial toasters market is the creation of energy-efficient products. Manufacturers are launching products that increase output drastically by toasting over 1000 bread slices in an hour. Not just breads, they could also be used for muffins, bagels, and crumpets. Those are perfect for restaurants and caterers who need to deal with numerous customers at a time. Players are also seen focussing on coming up with lightweight commercial toasters that are easy to carry around and can be easily installed anywhere. Yet another noticeable trend in the global commercial toaster market is the development of customized products in keeping with the specific needs of end users.
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Commercial Conveyor Toaster Accounts for Greater Market Share
A range of products are available in the global commercial toaster market. Those can be broadly grouped into commercial pop-up toaster and commercial conveyor toaster. Between the two, the commercial conveyor toaster is currently seeing surging uptake because of the convenience they accord. Commercial conveyor toaster range from medium to heavy-duty. Those have high production capacity and are particularly suited for busy restaurants, catering businesses, and buffets. Such toasters also have advanced electric control and superior features.
North America and Europe Generate Maximum Revenue Owing to Demand of Convenience Breakfast
From a geographical standpoint, North America at present dominates the commercial toasters market. This is because of the higher adoption of superior kitchen equipment in different food joints. Besides, the high spending capacity of people, the trend of eating out, particularly, and demand for convenient breakfast options from consumers are also seen fuelling the North America commercial toasters market. For the very same reasons, Europe too has emerged as a prominent commercial toasters market.
Meanwhile, the commercial toaster market in Latin America and Asia Pacific are playing catch up since bread, muffins, and bagels are not a part of staple breakfast food there.
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