According to a new market report published by Lucintel, the future of the smart oven market looks promising with opportunities in the residential and commercial food industries. The global smart oven market is expected to grow with a CAGR of 20% from 2020 to 2025. The major drivers for this market are changing lifestyle, improved living standards, increasing disposable income, and need of efficient kitchen appliances across the globe.
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A smart oven is a combination of convection, grill, and microwave. In this market, single function and multiple functions are the major function types of smart ovens. Lucintel forecasts that multiple functions will remain the largest function type segment over the forecast period, as multiple function smart ovens are widely used in residential and commercial purposes for grilling and convection simultaneously.
Within this market, Wi-Fi will remain the largest connectivity segment over the forecast period due to increasing use of advanced technologies, like IoT (internet of things), in both residential & commercial setups.
Nortrh America will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to increasing demand and popularity of advanced & time efficient cooking methods in the US and other key North American countries.
GE Appliances, Breville, Electrolux, SAMSUNG, Candy Hoover, BSH, Dacor, Haier, LG, and Tovala are among the major suppliers in the global smart oven market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global smart oven market by function type, structure type, connectivity, capacity, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Smart Oven Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global smart oven market by function type, structure type, connectivity, capacity, end use, and region as follows:
By Function Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Single Function
Multiple Functions
By Structure Type [Value ($ Million) shipment analysis for 2014 – 2025]:
By Connectivity [Value ($ Million) shipment analysis for 2014 – 2025]:
Bluetooth
Wi-Fi
NFC (Near-Field Communication)
Others
By Capacity [Value ($ Million) shipment analysis for 2014 – 2025]:
20 – 25 Liter
26 – 30 Liter
Above 30 Liter
By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.