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Global Smart Ovens Market By Type, By End User, By Distribution Channel, By Region, Industry Analysis and Forecast, 2020 - 2026

  • ID: 5026282
  • Report
  • April 2020
  • Region: Global
  • 188 pages
  • Marqual IT Solutions Pvt. Ltd (KBV Research)

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FEATURED COMPANIES

  • Hitachi, Ltd.
  • June Life, Inc.
  • Panasonic Corporation
  • Robert Bosch GmbH
  • Sharp Corporation
  • Tovala
  • MORE
The Global Smart Ovens Market size is expected to reach $493.5 Million by 2026, rising at a market growth of 19.1% CAGR during the forecast period. Smart ovens are next-generation kitchen appliances with specialized features for receiving, processing, and sharing information via smartphones. Smart ovens are electrical microwave systems that provide Bluetooth or Wi-Fi. Smart ovens are attached to a smartphone or a companion app.

The companion app helps customers to remotely monitor and operate smart ovens. It can also be used to set up automatic functions. Voice commands and smart home apps related to smart ovens have been launched in recent years. Amazon Echo or Google Home helps users to monitor the voice of connected smart ovens. These ovens have all the features of conventional ovens, as well as extra settings and configurations.

The smart oven has experienced strong customer response primarily due to its high degree of accessibility and technological properties. It can be conveniently linked via NFC, Wi-Fi or Bluetooth technologies to a range of other smart kitchen appliances, including smart chimneys, refrigerators, and so on. The smart oven can be connected to a number of other kitchen appliances and other room devices, such as media players, room lights, sensors and so on.

With the sudden break of Covid-19 in late months of year 2019, the markets worldwide are unfortunately experiencing its grip. The suppliers and consumers of the products & Services are affected in a big way across the sectors resulting in declining revenues in last quarters of year 2019. The declining trend in market sizes is expected to not only sustain but will also amplify itself in year 2020 hugely disturbing the economies worldwide.

Based on Type, the market is segmented into Counter-top and Built-in. Based on End User, the market is segmented into Residential and Commercial. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

The major strategies followed by the market participants are Product Launches and Acquisition. Based on the Analysis presented in the Cardinal matrix, Samsung Electronics Co., Ltd. is the major forerunners in the Smart Ovens Market. Companies such as Panasonic Corporation, Whirlpool Corporation, LG Corporation, June Life, Inc., Hitachi, Ltd., Tovala, Sharp Corporation, Robert Bosch GmbH, and Techtronic Industries Co., Ltd. are some of the key innovators in Smart Ovens Market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LG Corporation (LG Electronics), Whirlpool Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, Sharp Corporation, Hitachi, Ltd., Robert Bosch GmbH, Techtronic Industries Co., Ltd., Tovala, June Life, Inc.

Recent strategies deployed in Smart Ovens Market

Partnerships, Collaborations, and Agreements:

Jan-2020: Panasonic collaborated with Drop, a leading smart kitchen platform. The collaboration was focused on launching microwave ovens utilizing Drop's guided cooking recipe format.

Oct-2018: LG came into partnership with SideChef, a home cooking platform offering meal planning, grocery delivery, and smart kitchen connectivity. Following the partnership, the former company aimed to integrate SideChef's into its 2018 line of smart ovens and ranges. Once the user selects a recipe on SideChef, LG appliances automatically start to perform pre-cook tasks such as heating the oven to the right temperature and trigger cooking timers.

Oct-2018: June signed partnership agreement with Whole Foods Market. The partnership enabled the company to integrate its smart cooking technology with the grocer's products. June's smart oven software update combines culinary utility with convenience. The appliance's user interface includes a Whole Foods Market icon that allows users to tap a button to cook preprogrammed food and recipes.

Aug-2018: Samsung partnered with Magnet Kitchen for the launch of the new Smart Kitchen. The new product line includes Smart Fridge Freezer, Smart Oven, Smart Dishwasher, and Smart Hob and Hood.

Acquisition and Mergers:

Dec-2018: Hitachi announced an agreement to acquire ABB’s power grids division. The acquisition is expected to broaden the company's portfolio of equipment for electricity networks.

Product Launches and Product Expansions:

Dec-2019: LG Electronics (LG) launched LG InstaView ThinQ Range with Air Fry. The complete cooking solution combines air frying and the company's InstaView technology with smart recipes in a seamless package that inspires users for creating nutritious meals in the comfort of their own homes.

Sep-2019: Panasonic launched the latest convection, grill, and combination cooking microwave, complete with Genius Sensor and One-Push Reheating technology.

Jul-2019: Panasonic introduced the NN-GN68KS Microwave Oven with Inverter Technology + FlashXpress Broiler, the compact countertop appliance. Together, Panasonic's Inverter technology and the dual infrared Flash Xpress Broiler can conveniently prepare a variety of frozen and fresh foods, plus cook, reheat and broil, both at the same time.

Jan-2019: Whirlpool and its sub-brands WLabs and KitchenAid released four new products with Google Assistant integration. The products launched are KitchenAid Smart Display, KitchenAid Connected Range, WLabs Smart Countertop Oven, and the Whirlpool Smart All-in-One Washer & Dryer.

Nov-2018: Tovala unveiled the second version of its eponymous oven. The oven features a complete redesign and a new version of its meal’s packaging. The updated Tovala oven steams, bakes, toasts, and broils food. The oven relies on Wi-Fi to pull information about the prepackaged Tovala meals but the users can still operate the oven and its buttons without a connection.

Aug-2018: June introduced the second-generation Intelligent Ovencountertop oven. The oven uses a built-in camera, an internal processor, Wi-Fi connectivity, and software for identifying the foods placed inside. The oven will then access specific cook programs based on what it sees and set the cook time and temperature based on how people want their food to be cooked.

Apr-2018: Whirlpool unveiled W Collection. The collection features all smart appliances such as built-in ovens, microwaves, cooktops, and hoods.

Scope of the Study

Market Segmentation:

By Type
  • Counter-top and
  • Built-in
By End User
  • Residential and
  • Commercial
By Distribution Channel
  • Offline
  • Online
By Geography

North America
  • US
  • Canada
  • Mexico
  • Rest of North America
Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
Companies Profiled:
  • LG Corporation (LG Electronics)
  • Whirlpool Corporation
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Panasonic Corporation
  • Sharp Corporation
  • Hitachi, Ltd.
  • Robert Bosch GmbH
  • Techtronic Industries Co., Ltd.
  • Tovala
  • June Life, Inc.
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Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Hitachi, Ltd.
  • June Life, Inc.
  • Panasonic Corporation
  • Robert Bosch GmbH
  • Sharp Corporation
  • Tovala
  • MORE
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Smart Ovens Market, by Type
1.4.2 Global Smart Ovens Market, by End User
1.4.3 Global Smart Ovens Market, by Distribution Channel
1.4.4 Global Smart Ovens Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2015-2019)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2016, ,Mar - 2019,Dec) Leading Players

Chapter 4. Global Smart Ovens Market by Type
4.1 Global Counter-top Market by Region
4.2 Global Built-in Market by Region

Chapter 5. Global Smart Ovens Market by End User
5.1 Global Residential Market by Region
5.2 Global Commercial Market by Region

Chapter 6. Global Smart Ovens Market by Distribution Channel
6.1 Global Offline Market by Region
6.2 Global Online Market by Region

Chapter 7. Global Smart Ovens Market by Region
7.1 North America Smart Ovens Market
7.1.1 North America Smart Ovens Market by Type
7.1.1.1 North America Counter-top Market by Country
7.1.1.2 North America Built-in Market by Country
7.1.2 North America Smart Ovens Market by End User
7.1.2.1 North America Residential Market by Country
7.1.2.2 North America Commercial Market by Country
7.1.3 North America Smart Ovens Market by Distribution Channel
7.1.3.1 North America Offline Market by Country
7.1.3.2 North America Online Market by Country
7.1.4 North America Smart Ovens Market by Country
7.1.4.1 US Smart Ovens Market
7.1.4.1.1 US Smart Ovens Market by Type
7.1.4.1.2 US Smart Ovens Market by End User
7.1.4.1.3 US Smart Ovens Market by Distribution Channel
7.1.4.2 Canada Smart Ovens Market
7.1.4.2.1 Canada Smart Ovens Market by Type
7.1.4.2.2 Canada Smart Ovens Market by End User
7.1.4.2.3 Canada Smart Ovens Market by Distribution Channel
7.1.4.3 Mexico Smart Ovens Market
7.1.4.3.1 Mexico Smart Ovens Market by Type
7.1.4.3.2 Mexico Smart Ovens Market by End User
7.1.4.3.3 Mexico Smart Ovens Market by Distribution Channel
7.1.4.4 Rest of North America Smart Ovens Market
7.1.4.4.1 Rest of North America Smart Ovens Market by Type
7.1.4.4.2 Rest of North America Smart Ovens Market by End User
7.1.4.4.3 Rest of North America Smart Ovens Market by Distribution Channel
7.2 Europe Smart Ovens Market
7.2.1 Europe Smart Ovens Market by Type
7.2.1.1 Europe Counter-top Market by Country
7.2.1.2 Europe Built-in Market by Country
7.2.2 Europe Smart Ovens Market by End User
7.2.2.1 Europe Residential Market by Country
7.2.2.2 Europe Commercial Market by Country
7.2.3 Europe Smart Ovens Market by Distribution Channel
7.2.3.1 Europe Offline Market by Country
7.2.3.2 Europe Online Market by Country
7.2.4 Europe Smart Ovens Market by Country
7.2.4.1 Germany Smart Ovens Market
7.2.4.1.1 Germany Smart Ovens Market by Type
7.2.4.1.2 Germany Smart Ovens Market by End User
7.2.4.1.3 Germany Smart Ovens Market by Distribution Channel
7.2.4.2 UK Smart Ovens Market
7.2.4.2.1 UK Smart Ovens Market by Type
7.2.4.2.2 UK Smart Ovens Market by End User
7.2.4.2.3 UK Smart Ovens Market by Distribution Channel
7.2.4.3 France Smart Ovens Market
7.2.4.3.1 France Smart Ovens Market by Type
7.2.4.3.2 France Smart Ovens Market by End User
7.2.4.3.3 France Smart Ovens Market by Distribution Channel
7.2.4.4 Russia Smart Ovens Market
7.2.4.4.1 Russia Smart Ovens Market by Type
7.2.4.4.2 Russia Smart Ovens Market by End User
7.2.4.4.3 Russia Smart Ovens Market by Distribution Channel
7.2.4.5 Spain Smart Ovens Market
7.2.4.5.1 Spain Smart Ovens Market by Type
7.2.4.5.2 Spain Smart Ovens Market by End User
7.2.4.5.3 Spain Smart Ovens Market by Distribution Channel
7.2.4.6 Italy Smart Ovens Market
7.2.4.6.1 Italy Smart Ovens Market by Type
7.2.4.6.2 Italy Smart Ovens Market by End User
7.2.4.6.3 Italy Smart Ovens Market by Distribution Channel
7.2.4.7 Rest of Europe Smart Ovens Market
7.2.4.7.1 Rest of Europe Smart Ovens Market by Type
7.2.4.7.2 Rest of Europe Smart Ovens Market by End User
7.2.4.7.3 Rest of Europe Smart Ovens Market by Distribution Channel
7.3 Asia Pacific Smart Ovens Market
7.3.1 Asia Pacific Smart Ovens Market by Type
7.3.1.1 Asia Pacific Counter-top Market by Country
7.3.1.2 Asia Pacific Built-in Market by Country
7.3.2 Asia Pacific Smart Ovens Market by End User
7.3.2.1 Asia Pacific Residential Market by Country
7.3.2.2 Asia Pacific Commercial Market by Country
7.3.3 Asia Pacific Smart Ovens Market by Distribution Channel
7.3.3.1 Asia Pacific Offline Market by Country
7.3.3.2 Asia Pacific Online Market by Country
7.3.4 Asia Pacific Smart Ovens Market by Country
7.3.4.1 China Smart Ovens Market
7.3.4.1.1 China Smart Ovens Market by Type
7.3.4.1.2 China Smart Ovens Market by End User
7.3.4.1.3 China Smart Ovens Market by Distribution Channel
7.3.4.2 Japan Smart Ovens Market
7.3.4.2.1 Japan Smart Ovens Market by Type
7.3.4.2.2 Japan Smart Ovens Market by End User
7.3.4.2.3 Japan Smart Ovens Market by Distribution Channel
7.3.4.3 India Smart Ovens Market
7.3.4.3.1 India Smart Ovens Market by Type
7.3.4.3.2 India Smart Ovens Market by End User
7.3.4.3.3 India Smart Ovens Market by Distribution Channel
7.3.4.4 South Korea Smart Ovens Market
7.3.4.4.1 South Korea Smart Ovens Market by Type
7.3.4.4.2 South Korea Smart Ovens Market by End User
7.3.4.4.3 South Korea Smart Ovens Market by Distribution Channel
7.3.4.5 Singapore Smart Ovens Market
7.3.4.5.1 Singapore Smart Ovens Market by Type
7.3.4.5.2 Singapore Smart Ovens Market by End User
7.3.4.5.3 Singapore Smart Ovens Market by Distribution Channel
7.3.4.6 Malaysia Smart Ovens Market
7.3.4.6.1 Malaysia Smart Ovens Market by Type
7.3.4.6.2 Malaysia Smart Ovens Market by End User
7.3.4.6.3 Malaysia Smart Ovens Market by Distribution Channel
7.3.4.7 Rest of Asia Pacific Smart Ovens Market
7.3.4.7.1 Rest of Asia Pacific Smart Ovens Market by Type
7.3.4.7.2 Rest of Asia Pacific Smart Ovens Market by End User
7.3.4.7.3 Rest of Asia Pacific Smart Ovens Market by Distribution Channel
7.4 LAMEA Smart Ovens Market
7.4.1 LAMEA Smart Ovens Market by Type
7.4.1.1 LAMEA Counter-top Market by Country
7.4.1.2 LAMEA Built-in Market by Country
7.4.2 LAMEA Smart Ovens Market by End User
7.4.2.1 LAMEA Residential Market by Country
7.4.2.2 LAMEA Commercial Market by Country
7.4.3 LAMEA Smart Ovens Market by Distribution Channel
7.4.3.1 LAMEA Offline Market by Country
7.4.3.2 LAMEA Online Market by Country
7.4.4 LAMEA Smart Ovens Market by Country
7.4.4.1 Brazil Smart Ovens Market
7.4.4.1.1 Brazil Smart Ovens Market by Type
7.4.4.1.2 Brazil Smart Ovens Market by End User
7.4.4.1.3 Brazil Smart Ovens Market by Distribution Channel
7.4.4.2 Argentina Smart Ovens Market
7.4.4.2.1 Argentina Smart Ovens Market by Type
7.4.4.2.2 Argentina Smart Ovens Market by End User
7.4.4.2.3 Argentina Smart Ovens Market by Distribution Channel
7.4.4.3 UAE Smart Ovens Market
7.4.4.3.1 UAE Smart Ovens Market by Type
7.4.4.3.2 UAE Smart Ovens Market by End User
7.4.4.3.3 UAE Smart Ovens Market by Distribution Channel
7.4.4.4 Saudi Arabia Smart Ovens Market
7.4.4.4.1 Saudi Arabia Smart Ovens Market by Type
7.4.4.4.2 Saudi Arabia Smart Ovens Market by End User
7.4.4.4.3 Saudi Arabia Smart Ovens Market by Distribution Channel
7.4.4.5 South Africa Smart Ovens Market
7.4.4.5.1 South Africa Smart Ovens Market by Type
7.4.4.5.2 South Africa Smart Ovens Market by End User
7.4.4.5.3 South Africa Smart Ovens Market by Distribution Channel
7.4.4.6 Nigeria Smart Ovens Market
7.4.4.6.1 Nigeria Smart Ovens Market by Type
7.4.4.6.2 Nigeria Smart Ovens Market by End User
7.4.4.6.3 Nigeria Smart Ovens Market by Distribution Channel
7.4.4.7 Rest of LAMEA Smart Ovens Market
7.4.4.7.1 Rest of LAMEA Smart Ovens Market by Type
7.4.4.7.2 Rest of LAMEA Smart Ovens Market by End User
7.4.4.7.3 Rest of LAMEA Smart Ovens Market by Distribution Channel

Chapter 8. Company Profiles
8.1 LG Corporation (LG Electronics)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Whirlpool Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Samsung Electronics Co., Ltd. (Samsung Group)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Panasonic Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 Sharp Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.6 SWOT Analysis
8.6 Hitachi, Ltd.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Robert Bosch GmbH
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.6 SWOT Analysis
8.8 Techtronic Industries Co., Ltd.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.9 Tovala
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Product Launches and Product Expansions:
8.1 June Life, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
8.10.2.2 Product Launches and Product Expansions:
Note: Product cover images may vary from those shown
  • LG Corporation (LG Electronics)
  • Whirlpool Corporation
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Panasonic Corporation
  • Sharp Corporation
  • Hitachi, Ltd.
  • Robert Bosch GmbH
  • Techtronic Industries Co., Ltd.
  • Tovala
  • June Life, Inc.
Note: Product cover images may vary from those shown

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