Toasters - China
China- In 2024, the revenue in the Toasters market in China is projected to reach a staggering US$875.80m.
- This market is anticipated to grow at an annual rate of 3.51% from 2024 to 2029, as per the Compound Annual Growth Rate (CAGR).
- China dominates the global market in terms of revenue, generating US$875.80m in 2024.
- In 2024, each household is expected to generate revenues of US$1.78 in relation to the total number of households.
- Looking ahead to 2029, the volume in the Toasters market is projected to reach 27.5m pieces.
- Additionally, there will be a slight volume growth of 1.3% in 2025.0.
- The average volume per household in the Toasters market is expected to be 0.05pieces in 2024.
- China's booming toaster market is driven by a growing middle class seeking convenience and modern kitchen appliances.
Definition: The market for toasters encompasses a range of electric models designed for household use, including two-slice and four-slice toasters, as well as toaster ovens.
Additional information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household, and sales channels.
Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.
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In-Scope
- Electric toasters
- Toaster ovens
Out-Of-Scope
- Sandwich makers
- Electric grills and roasters
