Market Insights Consumer Household Appliances Small Appliances

Toasters - United Kingdom

United Kingdom

In 2024, the revenue generated in the Toasters market in the United Kingdom amounts to US$112.40m.
This market is projected to grow annually at a rate of 4.41% (CAGR 2024-2029).
When compared globally, the highest revenue is generated in China, amounting to US$876m in 2024.
In terms of the total number of households, the per household revenue in the Toasters market is estimated to be US$3.93 in 2024.
By 2029, the volume in the Toasters market is expected to reach 2.7m pieces units.
Furthermore, there is an anticipated volume growth of 0.2% units in 2025.
Lastly, the average volume per household in the Toasters market is projected to be 0.09pieces units in 2024.
The United Kingdom has seen a surge in demand for high-end toasters, with consumers prioritizing quality and durability over price.

Key regions: China, India, United States, Japan, Worldwide

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.