Smart Ovens Market Research Report —Forecast till 2030

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The Worldwide Smart Oven Market is projected to enroll a CAGR of 13.73% and arrive at a worth of USD 746.00 million by 2030. Smart ovens give pre-sets to various food sorts, empowering speedier and more educated cooking.

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Description

Smart Ovens Market Research Report —Forecast till 2030

Market Overview

The Worldwide Smart Oven Market is projected to enroll a CAGR of 13.73% and arrive at a worth of USD 746.00 million by 2030. Smart ovens give pre-sets to various food sorts, empowering speedier and more educated cooking. Moreover, it has a self-cleaning capacity and saves time and exertion by recalling the client’s inclinations for resulting utilization. Expanded interest in smart ovens because of rising interest in frozen food and prepared-to-cook food varieties worldwide is the fundamental explanation filling the market’s development. A smart oven can assist with ordinary cooking choices, save time, and give the comfort of purpose given the developing lives and occupied timetables of the present shoppers.
The key elements driving the development of the worldwide smart oven market are the rising organization of IoT in kitchen machines and the developing reception of energy-saving items in smart homes. A smart house can be overseen through a smartphone application that furnishes clients with constant status data. The simplicity of remote access is one of the principal factors impacting purchaser longing for smart ovens. Also, the reception of smart homes and smart machines is energizing the development of smart ovens in the purchaser durables industry.

Segment Overview

The market for smart ovens has been divided into single-function and multiple-function products based on type. The global market for smart ovens has been divided into segments based on connectivity, including Bluetooth, Wi-Fi, NFC, and Others. The global market for smart ovens has been divided into three categories based on capacity: 20–25 LITRES, 26–20 LITRES, and Above 30 LITRES. The global market for smart ovens has been divided into two categories based on end use: residential and commercial. The global market for smart ovens has been divided into store-based and non-store-based sectors based on the distribution channel.

Regional Analysis

Geographically, the Worldwide Smart Oven Market has been isolated into North America, Europe, Asia-Pacific, and the Rest of the World.
In 2021, North America had the most elevated market share around the world, representing more than 37.30% of the all-out esteem. As far as income, North America ruled the overall smart oven market in 2021. Because of the updating of the foundation and hardware and the raising speed of mechanical advancement. The interest in progressively progressed and savvy apparatuses for the smart home is extending among clients. As the US has among the most minimal import charges, more individuals can manage the cost of imported merchandise like smart devices. Germany, the UK, France, Italy, Spain, Russia, and the remainder of Europe are completely remembered for the investigation of the European market. The possibility of the smart house is extending in these countries too. A beneficial market for smart ovens has been created in the space in view of the rising pay levels and expansion in discretionary cash flow.

Major Players

The key players in the Global Smart Oven Market are Electrolux AB (Sweden), Samsung Electronics Co. Ltd. (Korea), Haier Smart Home Co., LG Electronics Inc. (Korea), Panasonic Corporation (Japan), Breville Group Limited (Australia), Sharp Corporation (Japan), Ltd (China), Robert Bosch GmbH (Germany), Whirlpool Corporation (US), Sub-Zero Group Inc. (US).

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 17

1.1 MARKET ATTRACTIVENESS ANALYSIS 18

1.1.1 GLOBAL SMART OVEN MARKET, BY TYPE 19

1.1.2 GLOBAL SMART OVEN MARKET, BY CONNECTIVITY 20

1.1.3 GLOBAL SMART OVEN MARKET, BY CAPACITY 21

1.1.4 GLOBAL SMART OVEN MARKET, BY END USE 22

1.1.5 GLOBAL SMART OVEN MARKET, DISTRIBUTION CHANNEL 23

1.1.6 GLOBAL SMART OVEN MARKET, BY REGION 24

2 MARKET INTRODUCTION 25

2.1 DEFINITION 25

2.2 SCOPE OF THE STUDY 25

2.3 RESEARCH OBJECTIVE 25

2.4 MARKET STRUCTURE 26

2.5 KEY BUYING CRITERIA 27

3 RESEARCH METHODOLOGY 28

3.1 RESEARCH PROCESS 28

3.2 PRIMARY RESEARCH 29

3.3 SECONDARY RESEARCH 30

3.4 MARKET SIZE ESTIMATION 31

3.5 FORECAST MODEL 32

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 33

4 MARKET DYNAMICS 34

4.1 INTRODUCTION 34

4.2 DRIVERS 35

4.2.1 INCREASING DEPLOYMENT OF IOT IN KITCHEN APPLIANCES 35

4.2.2 GROWING ADOPTION OF ENERGY-SAVING PRODUCTS IN SMART HOMES 36

4.2.3 DRIVER IMPACT ANALYSIS 37

4.3 RESTRAINTS 37

4.3.1 SECURITY AND PRIVACY CONCERNS AMONG END USERS 37

4.3.2 RESTRAINT IMPACT ANALYSIS 38

4.4 OPPORTUNITIES 38

4.4.1 INCREASING INVESTMENT BY THE KEY PLAYERS 38

4.4.2 GROWING WORKING WOMEN POPULATION COUPLED WITH THEIR HECTIC SCHEDUCLES HAS OPENED HUGE OPPORTUNITIES FOR THE SMART OVEN MARKET 39

5 MARKET FACTOR ANALYSIS 40

5.1 . VALUE CHAIN ANALYSIS 40

5.1.1 HARDWARE MANUFACTURERS 41

5.1.2 PLATFORM DEVELOPERS 41

5.1.3 TECHNOLOGY PROVIDERS 41

5.1.4 SYSTEM INTEGRATORS 41

5.1.5 DISTRIBUTORS/RESELLERS 41

5.1.6 END USERS 41

5.2 PORTER’S FIVE FORCES MODEL 42

5.2.1 THREAT OF NEW ENTRANTS 42

5.2.2 BARGAINING POWER OF SUPPLIERS 43

5.2.3 THREAT OF SUBSTITUTES 43

5.2.4 BARGAINING POWER OF BUYERS 43

5.2.5 INTENSITY OF RIVALRY 44

5.3 COVID-19 IMPACT ANALYSIS 44

5.3.1 IMPACT ON SEMICONDUCTOR MANUFACTURERS 44

5.4 IMPACT ON COMPONENT MANUFACTURERS 45

5.5 IMPACT ON DEVICE MANUFACTURERS 45

5.6 IMPACT ON THE OVERALL SMART OVEN INDUSTRY 45

5.6.1 IMPACT ON SUPPLY CHAIN 45

5.6.2 PRICE VARIATION OF KEY RAW MATERIALS 46

5.6.3 PRODUCTION SHUTDOWN 46

6 GLOBAL SMART OVEN MARKET, BY TYPE 47

6.1 OVERVIEW 47

6.1.1 GLOBAL SMART OVEN MARKET ESTIMATES & FORECAST, BY TYPE, 2022–2030 48

6.2 SINGLE FUNCTION 48

6.2.1 SINGLE FUNCTION: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 48

6.3 MULTIPLE FUNCTION 49

6.3.1 MULTIPLE FUNCTION: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 49

7 GLOBAL SMART OVEN MARKET, BY CONNECTIVITY 50

7.1 OVERVIEW 50

7.1.1 GLOBAL SMART OVEN MARKET ESTIMATES & FORECAST, BY CONNECTIVITY, 2022–2030 51

7.2 BLUETOOTH 51

7.2.1 BLUETOOTH: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 51

7.3 WI-FI 52

7.3.1 WI-FI: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 52

7.4 NFC 52

7.4.1 NFC: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 52

7.5 OTHERS 53

7.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 53

8 GLOBAL SMART OVEN MARKET, BY CAPACITY 54

8.1 OVERVIEW 54

8.1.1 GLOBAL SMART OVEN MARKET ESTIMATES & FORECAST, BY CAPACITY, 2022–2030 55

8.2 20-25 LITRES 55

8.2.1 20-25 LITRES: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 55

8.3 26-30 LITRES 56

8.3.1 26-30 LITRES: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 56

8.4 ABOVE 30 LITRES 56

8.4.1 ABOVE 30 LITRES: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 56

9 GLOBAL SMART OVEN MARKET, BY END USE 57

9.1 OVERVIEW 57

9.1.1 GLOBAL SMART OVEN MARKET ESTIMATES & FORECAST, BY END USE, 2022–2030 58

9.2 RESIDENTIAL 58

9.2.1 RESIDENTIAL: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 58

9.3 COMMERCIAL 59

9.3.1 COMMERCIAL: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 59

10 GLOBAL SMART OVEN MARKET, BY DISTRIBUTION CHANNEL 60

10.1 OVERVIEW 60

10.1.1 GLOBAL SMART OVEN MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2022–2030 61

10.2 STORE-BASED 61

10.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 62

10.3 NON-STORE-BASED 62

10.3.1 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 62

11 GLOBAL SMART OVEN MARKET, BY REGION 63

11.1 OVERVIEW 63

11.2 NORTH AMERICA 65

11.2.1 US 67

11.2.2 CANADA 69

11.2.3 MEXICO 70

11.3 EUROPE 72

11.3.1 GERMANY 75

11.3.2 FRANCE 76

11.3.3 ITALY 78

11.3.4 SPAIN 79

11.3.5 UK 81

11.3.6 ROMANIA 82

11.3.7 SLOVENIA 84

11.3.8 REST OF EUROPE 85

11.4 ASIA-PACIFIC 87

11.4.1 CHINA 90

11.4.2 JAPAN 91

11.4.3 INDIA 93

11.4.4 AUSTRALIA & NEW ZEALAND 94

11.4.5 REST OF ASIA-PACIFIC 96

11.5 REST OF THE WORLD 98

11.5.1 SOUTH AMERICA 100

11.5.2 MIDDLE EAST 102

11.5.3 AFRICA 103

12 COMPETITIVE LANDSCAPE 105

12.1 INTRODUCTION 105

12.1.1 MARKET STRATEGY ANALYSIS 105

12.2 COMPETITIVE BENCHMARKING 106

12.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 107

12.3.1 PRODUCT LAUNCH 107

12.3.2 ACQUISTION 108

12.3.3 INVESTMENTS 108

13 COMPANY PROFILES 109

13.1 ELECTROLUX AB 109

13.1.1 COMPANY OVERVIEW 109

13.1.2 FINANCIAL OVERVIEW 110

13.1.3 PRODUCTS OFFERED 111

13.1.4 KEY DEVELOPMENT 111

13.1.5 SWOT ANALYSIS 112

13.1.6 KEY STRATEGIES 112

13.2 PANASONIC CORPORATION 113

13.2.1 COMPANY OVERVIEW 113

13.2.2 FINANCIAL OVERVIEW 114

13.2.3 PRODUCTS OFFERED 115

13.2.4 KEY DEVELOPMENTS 115

13.2.5 ELECTROLUX AB: KEY DEVELOPMENTS 115

13.2.6 SWOT ANALYSIS 116

13.2.7 KEY STRATEGIES 116

13.3 BREVILLE GROUP LIMITED 117

13.3.1 COMPANY OVERVIEW 117

13.3.2 FINANCIAL OVERVIEW 118

13.3.3 PRODUCTS OFFERED 119

13.3.4 KEY DEVELOPMENTS 119

13.3.5 BREVILLE GROUP LIMITED: KEY DEVELOPMENTS 119

13.3.6 SWOT ANALYSIS 120

13.3.7 KEY STRATEGIES 120

13.4 SHARP CORPORATION 121

13.4.1 COMPANY OVERVIEW 121

13.4.2 FINANCIAL OVERVIEW 122

13.4.3 PRODUCTS OFFERED 122

13.4.4 KEY DEVELOPMENT 123

13.4.5 SWOT ANALYSIS 123

13.4.6 KEY STRATEGIES 123

13.5 HAIER SMART HOME CO., LTD 124

13.5.1 COMPANY OVERVIEW 124

13.5.2 FINANCIAL OVERVIEW 125

13.5.3 PRODUCTS OFFERED 125

13.5.4 KEY DEVELOPMENTS 126

13.5.5 SWOT ANALYSIS 126

13.5.6 KEY STRATEGIES 127

13.6 LG ELECTRONICS INC. 128

13.6.1 COMPANY OVERVIEW 128

13.6.2 FINANCIAL OVERVIEW 129

13.6.3 PRODUCTS OFFERED 130

13.6.4 KEY DEVELOPMENTS 130

13.6.5 LG ELECTRONICS: KEY DEVELOPMENTS 130

13.6.6 KEY STRATEGIES 130

13.7 ROBERT BOSCH GMBH 131

13.7.1 COMPANY OVERVIEW 131

13.7.2 FINANCIAL OVERVIEW 131

13.7.3 PRODUCTS OFFERED 132

13.7.4 KEY DEVELOPMENTS 132

13.7.5 KEY STRATEGIES 132

13.8 SAMSUNG ELECTRONICS CO. LTD 133

13.8.1 COMPANY OVERVIEW 133

13.8.2 FINANCIAL OVERVIEW 134

13.8.3 PRODUCTS OFFERED 134

13.8.4 KEY DEVELOPMENTS 135

13.8.5 KEY STRATEGIES 135

13.9 WHIRLPOOL CORPORATION 136

13.9.1 COMPANY OVERVIEW 136

13.9.2 FINANCIAL OVERVIEW 137

13.9.3 PRODUCTS OFFERED 137

13.9.4 KEY DEVELOPMENT 138

13.9.5 KEY STRATEGIES 138

13.10 SUB-ZERO GROUP INC. 139

13.10.1 COMPANY OVERVIEW 139

13.10.2 FINANCIAL OVERVIEW 139

13.10.3 PRODUCTS OFFERED 139

13.10.4 KEY DEVELOPMENTS 140

13.10.5 KEY STRATEGIES 140

Companies Mentioned

Electrolux AB (Sweden), Samsung Electronics Co. Ltd. (Korea), Haier Smart Home Co., LG Electronics Inc. (Korea), Panasonic Corporation (Japan), Breville Group Limited (Australia), Sharp Corporation (Japan), Ltd (China), Robert Bosch GmbH (Germany), Whirlpool Corporation (US), Sub-Zero Group Inc. (US).

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