Global Smart Oven Market 2016-2020

  • ID: 3802145
  • Report
  • Region: Global
  • 69 pages
  • TechNavio
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FEATURED COMPANIES

  • Bosch
  • Dacor
  • Electrolux
  • GE
  • Haier
  • June
  • MORE
About Smart Ovens

With advances in technology and the emergence of smart homes, integrated home appliances that can be connected to smartphones and allow monitoring from remote locations are gaining popularity. With improvement in network infrastructure, broadband and Internet penetration has increased, and consumers are increasingly opting for wireless and technologically advanced products to ensure convenience. In order to improve their product offerings and leverage on the trend of home automation, vendors are expanding their distribution channels and R&D expenditure. As the trend toward home automation and smart homes gains traction, the smart oven market will grow.

The analysts forecast the global smart oven market to grow at a CAGR of 25.95% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global smart oven market for 2016-2020. To calculate the market size, the analyst considers the revenue generated from the sale of smart ovens to the residential segment.

The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW

The report, Global Smart Oven Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Dacor
- Electrolux
- GE
- LG
- Samsung

Other prominent vendors
- Bosch
- Haier
- June
- Panasonic
- Sharp
- Whirlpool

Market drivers
- Adoption of broadband and home network
- For a full, detailed list, view the full report

Market challenges
- Threat from traditional microwave ovens
- For a full, detailed list, view the full report

Market trends
- Strong distribution channels
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bosch
  • Dacor
  • Electrolux
  • GE
  • Haier
  • June
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Global smart appliances market
  • Global smart oven market
  • Five forces analysis
PART 06: Market segmentation by product
  • Global smart oven market by smart microwave oven
  • Market size and forecast
  • Global smart oven market by other
  • Market size and forecast
PART 07: Geographical segmentation
  • Global smart oven market by geography 2015-2020
  • Smart oven market in North America
  • Smart oven market in Europe
  • Smart oven market in APAC
  • Smart oven market in ROW
PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape
  • Competitive scenario
PART 14: Key vendor analysis
  • Dacor
  • Electrolux
  • GE
  • LG Electronics
  • Samsung
PART 15: Other prominent vendors

PART 16: Appendix
  • List of abbreviations
PART 17: About the Author

List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Timeline of smart homes
Exhibit 03: Evolution in smart technologies
Exhibit 04: Global smart appliances market 2015-2020 ($ billions)
Exhibit 05: Product lifecycle of smart appliances
Exhibit 06: Global smart oven market 2015-2020 ($ billions)
Exhibit 07: Five forces analysis
Exhibit 08: Global smart oven market by product 2015
Exhibit 09: Global smart oven market by product 2020
Exhibit 10: Global smart oven market by product 2015-2020 ($ billions)
Exhibit 11: Global smart oven market by product 2015-2020
Exhibit 12: Global smart microwave oven market 2015-2020 ($ billions)
Exhibit 13: Global smart oven market by other 2015-2020 ($ billions)
Exhibit 14: Global smart oven market by geography 2015-2020
Exhibit 15: Global smart microwave oven market by geography 2015
Exhibit 16: Global smart microwave oven market by geography 2020
Exhibit 17: Smart oven market in North America 2015-2020 ($ billions)
Exhibit 18: Smart home market in North America by application 2014
Exhibit 19: Distribution of expenditure on smart home appliances in US 2014
Exhibit 20: Smart home market in US 2014-2019 ($ billions)
Exhibit 21: Smart oven market in Europe 2015-2020 ($ billions)
Exhibit 22: Distribution of smart home products by type of residence in Europe 2014
Exhibit 23: Country-wise smart homes installation in Europe 2014
Exhibit 24: Growth rate of online search for premium and standard quality ovens in Europe 2011-2015
Exhibit 25: Smart oven market in APAC 2015-2020 ($ billions)
Exhibit 26: Distribution channels for home appliances in APAC 2014
Exhibit 27: Smart appliance market in China 2014-2019 ($ billions)
Exhibit 28: Smart oven market in ROW 2015-2020 ($ millions)
Exhibit 29: Global smart home market 2015-2019 ($ billions)
Exhibit 30: Number of connected devices worldwide 2014-2019 (billion units)
Exhibit 31: Connected devices by type 2019 (million units)
Exhibit 32: Installed base of smart connections and devices by region 2015-2020
Exhibit 33: Drivers for use of sensors in smart appliances
Exhibit 34: Global semiconductor market revenue 2014-2019 ($ billions)
Exhibit 35: Impact of drivers
Exhibit 36: Advantages of countertop microwave ovens
Exhibit 37: Global microwave oven market 2015-2020 ($ billions)
Exhibit 38: Expected reduction in the ASP of major smart appliances 2015-2019
Exhibit 39: Regulations for safety regarding smart appliances
Exhibit 40: Impact of drivers and challenges
Exhibit 41: Percentage of omnichannel shoppers in US 2014
Exhibit 42: Success of MAID oven on crowdsourcing site Kickstarter
Exhibit 43: Electrolux: Business segmentation by revenue 2014
Exhibit 44: Electrolux: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 45: Electrolux: Geographical segmentation by revenue 2014
Exhibit 46: Strengths of Electrolux
Exhibit 47: GE: Business segmentation by revenue 2014
Exhibit 48: GE: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 49: LG Electronics: Business segmentation by revenue 2014
Exhibit 50: LG Electronics: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 51: LG Electronics: Geographical segmentation by revenue 2014
Exhibit 52: Increase in CSR investment 2011-2013 ($ billions)
Exhibit 53: Samsung: Business segmentation by revenue 2014
Exhibit 54: Smart appliance products by Haier
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bosch
  • Dacor
  • Electrolux
  • GE
  • Haier
  • June
  • MORE
New Report Released: – Global Smart Oven Market 2016-2020

The author of the report recognizes the following companies as the key players in the global smart oven market: Dacor, Electrolux, GE, LG Electronics, and Samsung.

Other Prominent Vendors in the market are: Bosch, Haier, June, Panasonic, Sharp, and Whirlpool.

Commenting on the report, an analyst from the research team said: “Strong distribution channels will be a key trend for market growth. With the increasing penetration of the Internet and e-commerce, leading brands are focusing on delivering improved sales experience. Vendors in the market are focusing on improving the distribution channels. They are investing more in devising account management and supply chain management strategies along with enhancing product offerings. Players are launching informative and interactive websites to increase their customer reach, promote their products, and provide expert advice on their usage.”

According to the report, one of the key drivers will be investing on new kitchen designs. With the increase in disposable income and improvement in the standards of living, consumers are investing more in renovating their kitchens. Consumers prefer minimal and sophisticated designs that are easy to maintain and include optimum and compact storage. The changes in trends and consumer preferences have caused vendors to add new streamlined appliances to their portfolio. The demand for built-in appliances market is also growing. This has prompted appliance vendors to introduce smart wall ovens in their product offerings. Apart from saving counter-space, smart wall ovens also add aesthetic appeal to the kitchen.

Further, the report states that high initial investment will be a challenge for the market. As smart ovens are more expensive than conventional ovens, many residential customers are reluctant to invest in the product. Some users believe that RoI for them is negligible and that the costs outweigh the benefits. In addition to the initial investment, other expenses such as maintenance costs are also high, which in turn discourages many end-users from adopting these products. The consumers often consider the value added by these appliances too low and instead, prefer other technologically advanced products with manual control settings. However, the average selling price (ASP) of smart ovens is expected to fall in the forecast period by nearly 22%, which can drive market growth.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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- Dacor
- Electrolux
- GE
- LG Electronics
- Samsung
- Bosch
- Haier
- June
- Panasonic
- Sharp
- Whirlpool
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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