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Smart Oven Market Forecast, 2022-2031

Smart oven is a high-tech oven that comes with various functionalities including the ability to make certain adjustments with just the push of a button. Basic features of smart ovens are similar to that of conventional ovens; however, smart ovens are simpler and easier to use, as smart technologies such as IoT and artificial intelligence are infused into the oven to increase automation.

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Smart Oven Market Forecast, 2022-2031

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  1. We use cookies for a better user experience. Read our Privacy Policy I Agree Search report Keywords Home / Consumer Goods / Consumer Electronics / Smart Oven Market Smart Oven Market Rep Id : TMRGL11864 Smart Oven Market (Type: Single Function and Multiple Function; Structure Type: Built-in and Counter Top) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031 June 2022 Consumer Goods Report Preview Table of Content Transparency Plus 254 Pages Smart Oven Market Outlook 2031 Request FREE Sample The globalsmart oven market was valued at US$ 160.0 Mn in 2021 It is estimated to grow at a CAGR of 15.7% from 2022 to 2031 The globalsmart oven market is expected to a reach US$ 666.8 Mn by the end of 2031 Select License Type Analysts’ Viewpoint on Smart Oven Market Scenario Single User license $5795 Smart ovens simplify cooking and help reduce the expenses on different types of cooking appliances. Multi-User license $8795 As a result, rise in shift toward the manufacture of smart ovens is anticipated to boost the smart oven market in the near future. Companies operating in the smart oven market are increasingly Corporate license $11795 focusing on manufacturing products that offer multiple functions including toasting, baking, roasting, Buy Now broiling, slow cooking, and pizza making. Burgeoning growth in e-commerce and online shopping apps is translating into lucrative revenue opportunities for stakeholders in the smart oven market, Safe and Secure SSL Encrypted especially post the peak of the COVID-19 pandemic. Get A Special pricing for start-ups and universities. Request Discount

  2. - Need More Info? - Enquiry Before Buying Request Methodology Ask References Free Customization - Want to customize this report? - Overview of Smart Oven Market We employ Market Analysis, Benchmarking, Corporate Intelligence, and Technological understand specific requirements and customize report with a quick turnaround time in a dynamic business environment. Intelligence to Smart oven is a high-tech oven that comes with various functionalities including the ability to make certain adjustments with just the push of a button. Basic features of smart ovens are similar to that of conventional ovens; however, smart ovens are simpler and easier to use, as smart technologies such as IoT and artificial intelligence are infused into the oven to increase We offer 100% Free Customisation at the time of purchase automation. The global smart oven market is likely to grow at a rapid pace during the forecast period, owing to Connect To Analyst the increase in preference for smart appliances around the globe due to their convenience in daily life. Request a sample to get extensive insights into the Smart Oven Market - Trusted Partners - Rise in Spending in Dining Outlets and Increase in Purchase of Household Appliances Augmenting Market

  3. Food outlet businesses are growing significantly owing to the rise in number of people preferring Quick Contact 866-552-3453 to dine out at such places. This is directly impacting expenses made on kitchen appliances including smart high-speed ovens. In turn, this is anticipated to boost the demand for smart +1-518-618-1030 commercial ovens, including conveyor ovens. Contact by email Increase in purchase of household appliances is also expected to propel the market in the near future. According to the Federal Reserve Bank of St. Louis, U.S., personal consumption expenses Why trust Us? for household appliances stood at US$ 71.20 Bn in 2020, a rise from US$ 65.20 Bn in 2019. 5 Million+ Market Data Growth in production of smart ovens with artificial intelligence is an emerging trend in the smart oven market. This is also anticipated to augment the demand for these ovens in the next few years. Millennial Workforce and Rapid Urbanization to Propel Smart Oven Demand - Related Reports - The millennial generation is increasingly dominating the global workforce. Large percentage of Sanitary Napkin Market millennials possess high purchasing ability and are inclined toward tech-infused products. Smart Travel and Tourism Market oven is considered one of the best smart kitchen appliances by many millennials. Nail Care Market Countries around the world are witnessing rapid urbanization. People in urban places are more Cosmetic Skin Care Market exposed to new technological innovations and product launches (including intelligent ovens). Motorcycle Helmets Market According to the statistical information published by the World Bank, 56% of the global population was living in urban places in 2019, a rise from 55% in 2018. Preference for Single Smart Oven with Multiple Functions to Boost Smart Oven Market In terms of type, the multiple function ovens segment held major share of around 70% of the global market in 2021. It is likely to maintain the status quo with a significant growth rate during the forecast period. Demand for multiple-function ovens is driven by the increase in number of oven users who prefer to own a single smart oven for multiple cooking purposes such as grilling, baking, roasting, and defrosting. Futuristic Designs of Built-in Ovens Augmenting Sales of Smart Ovens Smart ovens are classified into built-in and countertop in terms of structure type. The built-in segment dominated the global smart oven market with around 54% share in 2021. Dominance of

  4. the built-in segment is primarily ascribed to the seamless, sleek, and futuristic design of the product. Larger cooking capacity vis-à-vis most countertops available in the market is also likely to boost the demand for built-in ovens. Regional Outlook of Global Smart Oven Market North America held the largest share of around 35% of the global smart oven market in 2021. Increase in penetration of smart homes is leading to a rise in adoption of smart appliances such as cookers and ovens. This is expected to positively impact the market in the region. Europe and Asia Pacific also have a large consumer base for smart ovens. These regions held significant share of the market in 2021. Europe is anticipated to be the fastest-growing market for smart ovens during the forecast period. Market players are increasingly introducing smart ovens in these regions to attract more customers. South America has a large customer base as compared to Middle East & Africa. However, the market in Middle East & Africa is likely to grow at a faster pace during the forecast period. Rise in disposable income of the people, increase in employment & business opportunities, and changing lifestyles of individuals in South America and the Middle East & Africa are providing lucrative opportunities for smart oven retailers in these regions. Analysis of Key Players in Smart Oven Market Players operating in the global smart oven market are increasingly focusing on investing in expansion of their manufacturing plants. This is likely to bolster their manufacturing capacity and increase the production of innovative ovens. For instance, in December 2021, GE Appliances announced its plan to invest US$ 118 Mn in the expansion of its manufacturing facility in Northwest Georgia. BSH Home Appliances Corporation, Dacor, Inc., Haier Inc., LG Electronics, Tovala, Sub-Zero Group, Inc., Ge Appliances, Breville Group Limited, Electrolux, Samsung, and Candy Hoover Group S.R.L. are the key stakeholders operating in the smart oven market. Request a custom report on Smart Oven Market

  5. Key Developments in Global Smart Oven Market On May 18, 2022, Haier announced the launch of its new AI power oven. The oven comes with PreciTaste technology and a sensor for automatic start-up. The launch of the product is expected to increase its footprint in the market. On December 9, 2020, Sharp Home Electronics Company of America (SHCA) declared the launch of the company’s first smart microwave oven for countertops. The product comes with Wi-Fi connectivity and works with Alexa, which can be used for hands-free operation through voice commands. On January 12, 2020, Weber announced the acquisition of June, a smart oven manufacturing brand. The acquisition is anticipated to enrich June’s product offerings. Each of these players has been profiled in the smart oven market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments Global Smart Oven Market Snapshot Attribute Detail Market Value of Smart Oven US$ 160.0 Mn in 2021 Market Forecast US$ 666.8 Mn Value in 2031 Growth Rate 15.7% (CAGR)

  6. Forecast 2022–2031 Period Historical Data Available 2017–2020 for Quantitative US$ Mn for Value & Thousand Units for Volume Units It includes cross-segment analysis at the global as well as regional levels. Market Furthermore, the qualitative analysis includes drivers, restraints, opportunities, Analysis key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. Market share analysis by company (2021) Competition Company profiles section includes an overview, product portfolio, sales Landscape footprint, key subsidiaries or distributors, strategy & recent developments, and key financials Format Electronic (PDF) + Excel Market Type Segmentation Single Function Multiple Function Structure Type Built-in Counter Top

  7. Connectivity Bluetooth Wi-Fi NFC Others Capacity (Liters) Below 20 20-25 26-30 Above 30 Application Residential Commercial Distribution Channel Online Offline North America Europe Regions Asia Pacific Covered Middle East & Africa South America Countries U.S. Covered Canada Germany U.K. France Japan

  8. China India Brazil GCC South Africa BSH Home Appliances Corporation Dacor, Inc. Haier Inc., LG Electronics Tovala Companies Sub-Zero Group, Inc. Profiled GE Appliances Breville Group Limited Electrolux Samsung Candy Hoover Group S.R.L. Customization Available upon request Scope Pricing Available upon request

  9. Get Free Sample Interested in this report? Get a FREE sample now! *Get Sample Report (PDF) sent to your email within minutes Frequently Asked Questions How big was the smart oven market in 2021? The market stood at US$ 160 Mn in 2021 What would be the CAGR during 2022-2031? What are the prominent drivers of the smart oven market? How is the residential segment performing in the smart oven market? How promising is the Asia Pacific region in the smart oven market? Who are the prominent players in the smart oven market? - Help - - Follow Us - Terms Of Use Customer FAQ How To Order Privacy Policy Sitemap

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