Transparency Market Research

Smart Oven Market Expected to Reach US$ 513.7 Mn by 2026, Expanding at a CAGR of 20.3%

Smart Oven Market projected to be valued at US$ 513.7 Mn in 2026; Smart ovens provide safety, convenience, timely alerts, reduction in waste, and runs on remote access which helps consumers to operate it from any location.


Albany, NY -- (SBWIRE) -- 06/29/2018 -- Global Smart Oven Market: Overview

This report on the global smart oven market provides analysis for the period 2016–2026, wherein 2017 is the base year and the period from 2018 to 2026is the forecast period. Data for 2016has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, and trends expected to influence the growth of the smart oven market during the said period. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of value estimates (US$ Mn) and volume shipments (Thousand units), across different geographies.

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Global Smart Oven Market: Trends and Opportunities

Technology in the kitchen has evolved as a savior for the new generation. Interoperation of appliances is the next big thing. Smart kitchen is a result of this interoperation. Smart oven or the kitchen of the future helps to make smarter decisions when it comes to daily cooking. The emergence of smart homes is aiding the growth of smart appliances like smart ovens which can be connected to an individual's smart phone and monitored remotely. With advances in technology, the smart oven market is expected to undergo significant developments, thereby influencing consumers purchase intentions. One of the major features of a smart oven is that it can be remotely controlled by Wi-Fi or Bluetooth. Penetration of improved network infrastructure has encouraged consumers to opt for wireless and technologically advanced products. This is mostly for the convenience factor. Smart oven offers its users security, comfortable living, easy usage, and other added features.

Global Smart Oven Market: Key Segments

The smart oven market has been segmented on the basis of type, structure type, connectivity, capacity, application, distribution channel, and geography. Based on type, the market has been segmented into single function and multiple function. Based on structure type, the market has been segmented into built-in and counter top. Based on connectivity, the market has been segmented into Bluetooth, WI-Fi, NFC, and others. Based on capacity (liters), the market has been segmented into 20–25, 26–30, and above 30.By application, the smart oven markets classified into residential and commercial. By distribution channel, the market is segmented into online and offline.

Geographically, the report classifies the market into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America; the regions are analyzed in terms of value and volume shipments in the smart oven industry. Furthermore, region wise prominent countries covered in the report include the U.S, Canada, Germany, U.K., France, China, India, Japan, GCC, South Africa, and Brazil.

Global Smart Oven Market: Scope of the Study

The report also includes key developments in the smart oven market. Porter's Five Force analysis which identifies bargaining power of suppliers, bargaining power of buyers, threat from new entrants, threat from substitutes, and threat from competition is also included in the report. Value chain analysis which shows work flow in the smart oven market and identifies raw material supplier services providers and distribution channels of this industry is also covered in the report. Segment trends and regional trends have also been provided. It also covers segment wise incremental opportunity analysis and market positioning of key players for all regions covered in the scope of study.

Incremental opportunity analysis identifies and compares attractiveness of segments based on CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa, and South America. The same has also been provided for each segment i.e. by type, structure type, connectivity, capacity, application, and distribution channel.

Global Smart Oven Market: Competitive Landscape

The report also includes competition landscape which include competition matrix, market share analysis of major players in the global smart oven industry based on their 2017 revenues, and profiles of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings, and R&D focus are attributed to a company's capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities, and future outlook are attributed to a company's potential to grow. This section also identifies and includes various recent developments of the leading players of the smart oven industry.

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Company profiling includes company overview, major business strategies adopted, and key developments. Companies profiled in the global smart oven market include GE Appliances, Breville Group Limited, Electrolux, Samsung, Candy Hoover Group S.r.l., BSH Home Appliances Corporation, Dacor, Inc., Haier Inc., LG Electronics, Tovala, and Sub-ZeroGroup, Inc.