The oven market is estimated to reach US$ 2,801.4 Million in 2022 and is projected to surpass US$ 4,519.9 Million by 2032, at a CAGR of 4.9% from 2022 to 2032. Share of Oven market in kitchen appliance market is approximately ~1%-2%.
Ovens are designed to cook and heat food & baked goods more quickly. Time-restrictions to cook fresh food each time is becoming challenging due to odd working hours and busier schedules, driving the demand in the market.
Further, increased spending on kitchen equipment and adoption of smart kitchen appliances will drive the demand in the market. Furthermore, the growing trend of linking home appliances like range, oven and cooktop will provide opportunities for manufacturers over the forecast period.
Key Takeaways from the Ovens Market Study
- In terms of product type, countertop ovens are expected to dominate the global oven market through 2022 & beyond.
- Based on application, the commercial segment will witness fastest growth during the assessment period (2022-2032)
- Sales of oven via online retailer sales channel are expected to burgeon over the forecast period on the back of growing expansion of e-commerce sector
- India is expected to spearhead the growth in South Asia oven market backed by rising adoption of smart kitchen appliances.
- China is expected to dominate the East Asia market owing to the expansion of manufacturing capacities.
“Kitchen appliance manufacturers are introducing various electronic and technological features in several categories to meet consumer demand for ovens. Development of built-in ovens and modular kitchens is another factor boosting the growth in the global oven market”, says an FMI analyst.
Get your Sample Report to Boost Your Industry Knowledge for Valuable Insights!
https://www.futuremarketinsights.com/reports/sample/rep-gb-14889
Who is winning?
Appliances are progressively being integrated into Internet of Things (IoT) platforms by market participants. Apps for mobile and desktop devices allow smart kitchen equipment such as ovens to work remotely and wirelessly, in real-time. Manufacturers of ovens are also working intensively to create ENERGY−STAR qualified models in response to growing consumer interest in energy saving.
Some of the major players present in the ovens market are Hawkins Cookers Limited, Stove Kraft Limited, TTK Prestige Limited, Somany Home Innovation Limited (SHIL), Franke-Faber, CATA Electrodomesticos India, Sunflame Enterprises Private limited, and Whirlpool Limited among others.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global ovens market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the ovens market based on the product type (countertop and built-in), application {commercial (restaurant, hotels, schools, bakery and others) and residential}, sales channel (wholesalers/distributors, multi-brand stores, specialty stores, hypermarket/supermarkets, online retailers, and other sales channel) across seven major regions.
Oven Market By Category
By Product Type:
- Countertop
- Built-in
By Application:
- Commercial
- Restaurants
- Hotels
- Schools
- Bakery
- Others
- Residential
By Sales Channel:
- Hypermarkets/Supermarkets
- Wholesaler/Distributer
- Specialty Stores
- Multi-brand store
- Online Retailers
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa (MEA)
Read Related Reports:
https://www.xing.com/discover/detail-activities/detail-activities/6727118697.fb8630
https://www.pearltrees.com/komalsah/item514258466
https://www.tumblr.com/komalsah/715207572816330752/cosmetic-oil-market?source=share
https://lyfepal.com/posts/140221
https://www.metroflog.co/post/347342
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
