The global smart oven market size reached US$ 254.1 Million in 2023. Looking forward, the market is projected to reach US$ 1.11 billion by 2032, exhibiting a growth rate (CAGR) of 17.91% during 2023-2032.
A smart oven is a type of kitchen appliance that combines the utility of conventional and microwave ovens with Wi-Fi and Bluetooth for providing improved connectivity. Some variants of these ovens are also equipped with flexible cooktops and offer voice control functionality that can be carried out through the companion app or smart home assistants, such as Google Home and Amazon Alexa. Smart ovens offer enhanced control by allowing users to adjust the temperature and cooking configurations remotely. They also provide a higher number of cooking modes and cycle settings, which range from reheating frozen foods to baking and roasting.
With the advent of the Internet of Things (IoT) and rising penetration of intelligent home assistants, smart ovens can be controlled through mobile applications, which send real-time status updates to users. This represents one of the most crucial factors bolstering the growth of the market across the globe. Furthermore, owing to hectic lifestyles and inflating income levels, consumers are shifting toward smart appliances as they provide convenience and help in reducing the wastage of electricity.
Moreover, technological advancements have enabled manufacturers to introduce smart ovens that have self-cleaning functions and can automatically switch off when the food reaches the right temperature. They are also integrating smart ovens with applications that offer food recipes, wherein the appliances can automatically preheat to a set temperature and cook for the predefined period.
2. What is the expected growth rate of the global smart oven market during 2024-2032?
3. What are the key factors driving the global smart oven market?
4. What has been the impact of COVID-19 on the global smart oven market?
5. What is the breakup of the global smart oven market based on the type?
6. What is the breakup of the global smart oven market based on the distribution channel?
7. What is the breakup of the global smart oven market based on the capacity?
8. What is the breakup of the global smart oven market based on the structure?
9. What is the breakup of the global smart oven market based on the connectivity?
10. What is the breakup of the global smart oven market based on the application?
11. What are the key regions in the global smart oven market?
12. Who are the key players/companies in the global smart oven market?
A smart oven is a type of kitchen appliance that combines the utility of conventional and microwave ovens with Wi-Fi and Bluetooth for providing improved connectivity. Some variants of these ovens are also equipped with flexible cooktops and offer voice control functionality that can be carried out through the companion app or smart home assistants, such as Google Home and Amazon Alexa. Smart ovens offer enhanced control by allowing users to adjust the temperature and cooking configurations remotely. They also provide a higher number of cooking modes and cycle settings, which range from reheating frozen foods to baking and roasting.
With the advent of the Internet of Things (IoT) and rising penetration of intelligent home assistants, smart ovens can be controlled through mobile applications, which send real-time status updates to users. This represents one of the most crucial factors bolstering the growth of the market across the globe. Furthermore, owing to hectic lifestyles and inflating income levels, consumers are shifting toward smart appliances as they provide convenience and help in reducing the wastage of electricity.
Moreover, technological advancements have enabled manufacturers to introduce smart ovens that have self-cleaning functions and can automatically switch off when the food reaches the right temperature. They are also integrating smart ovens with applications that offer food recipes, wherein the appliances can automatically preheat to a set temperature and cook for the predefined period.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global smart oven market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, distribution channel, capacity, structure, connectivity and application.Breakup by Type:
- Single Function
- Multiple Function
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Capacity:
- 20-25 Litres
- 26-30 Litres
- Above 30 Litres
Breakup by Structure:
- Built-in
- Countertop
Breakup by Connectivity:
- Bluetooth
- Wi-Fi
- NFC
- Others
Breakup by Application:
- Residential
- Commercial
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being Breville Group Limited, Bsh Home Appliances Corporation (Robert Bosch GmbH), Electrolux AB, Haier Group, LG Electronics Inc., Panasonic Corporation, Samsung Electronics Co. Ltd., Sharp Corporation, Sub-Zero Group Inc. and Whirlpool Corporation.Key Questions Answered in This Report
1. What was the size of the global smart oven market in 2023?2. What is the expected growth rate of the global smart oven market during 2024-2032?
3. What are the key factors driving the global smart oven market?
4. What has been the impact of COVID-19 on the global smart oven market?
5. What is the breakup of the global smart oven market based on the type?
6. What is the breakup of the global smart oven market based on the distribution channel?
7. What is the breakup of the global smart oven market based on the capacity?
8. What is the breakup of the global smart oven market based on the structure?
9. What is the breakup of the global smart oven market based on the connectivity?
10. What is the breakup of the global smart oven market based on the application?
11. What are the key regions in the global smart oven market?
12. Who are the key players/companies in the global smart oven market?
Table of Contents
1 Preface3 Executive Summary14 Value Chain Analysis16 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Smart Oven Market
6 Market Breakup by Type
7 Market Breakup by Distribution Channel
8 Market Breakup by Capacity
9 Market Breakup by Structure
10 Market Breakup by Connectivity
11 Market Breakup by Application
12 Market Breakup by Region
13 SWOT Analysis
15 Porters Five Forces Analysis
17 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Breville Group Limited
- Bsh Home Appliances Corporation (Robert Bosch GmbH)
- Electrolux AB
- Haier Group
- LG Electronics Inc.
- Panasonic Corporation
- Samsung Electronics Co. Ltd.
- Sharp Corporation
- Sub-Zero Group Inc.
- Whirlpool Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 136 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 254.1 Billion |
| Forecasted Market Value ( USD | $ 1110 Billion |
| Compound Annual Growth Rate | 17.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
