LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global commercial conveyor toaster market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
According to Technavio market research analysts, the global commercial conveyor toaster market will grow at a CAGR of around 8% during the forecast period. The increase in demand for energy-efficient equipment is a major factor driving the market’s growth.
The healthcare sector is one of the major end-users of cellular M2M modules. The end-users concentrate on limiting operating costs. Minimum operating costs means higher profit in business. Energy consumption is one of the cost elements that must be considered by end-users. End-users are increasingly investing in equipment, which helps them in minimizing the overall operating cost. In response to the that, the vendors are providing commercial conveyor toasters that are energy-efficient. The increasing availability of such commercial conveyor toasters will drive market growth during the forecast period.
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In this report, Technavio highlights the increase in offerings of equipment with better features as one of the key emerging trends in the global commercial conveyor toaster market:
Increase in offerings of equipment with better features
With advances in technology, vendors are offering superior features such as touchscreen and USB in commercial conveyor toasters. The touchscreen is a thin plastic screen shield that is hard, durable, and easy to clean. The touchscreen contains graphic images, which are used for operating the appliance. It creates an easy-to-use interactive interface for the user and thus, can be used by individuals of all ages and skills. The touchscreen increases the efficiency of the user. Additionally, unlike toggle and paddle controls, it does not occupy large space.
“The USB is a port, which is used for communicating with the appliance. In commercial conveyor toasters, the USB is used for transferring product information, uploading changes in the program, and updating software. A major vendor offers a commercial conveyor toaster, which has an air circulation system that senses the temperature in the toaster cavity for quicker startup and circulates cool air in the toaster even after the power switch is turned off. This increases the appliance's durability,” says a senior analyst at Technavio for research on food service.
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Global commercial conveyor toaster market segmentation
This market research report segments the global commercial conveyor toaster market into the following products (horizontal commercial conveyor toaster and vertical commercial conveyor toaster) and key regions (the Americas, APAC, and EMEA).
The horizontal commercial conveyor toaster segment held the largest market share in 2017, accounting for more than 63% of the market. This segment is expected to project steady growth during the forecast period.
The Americas was the leading region for the global commercial conveyor toaster market in 2017, accounting for a market share of approximately 44%. The market share for this region will decrease by nearly 2% by 2022. However, the Americas will dominate the market throughout the forecast period.
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