The global smart oven market size reached USD 135.6 Million in 2021 and is expected to register a revenue CAGR of 18.1% during the forecast period, according to latest analysis by Emergen Research. Increasing consumption of ready-to-eat and frozen food and rapid urbanization are key factors driving market revenue growth. A number of working individuals relocating for work or study purposes is resulting in increasing demand for smart appliances. Younger individuals are adopting a fast-paced and hectic lifestyle and are investing in smart ovens and other smart kitchen appliances.
Key participants include BSH Hausgeräte GmbH, Breville Pty Ltd., Haier Group, AB Electrolux, Panasonic Holdings Corporation, LG Electronics, Sharp Corporation, Samsung, Whirlpool Corporation, and Sub-Zero Group, Inc.
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Drivers:
Several factors drive the growth of the Smart Oven market. One primary driver is the growing trend of smart home adoption, where consumers seek interconnected devices that streamline daily tasks and enhance lifestyle convenience. Smart ovens, equipped with features such as remote control, voice commands, and recipe suggestions, resonate with tech-savvy consumers looking to simplify cooking processes and achieve consistent results. Additionally, the rise of urbanization and busy lifestyles has spurred demand for time-saving appliances that optimize cooking efficiency and flexibility.
Research Methodology
Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.
Key Objectives of the Global Smart Oven Market Report:
· An all-inclusive analysis and forecast estimation of the market have been included in this report.
· The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Smart Oven Market
· and its leading players.
· The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
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Emergen Research has segmented the global remote access solutions market on the basis of structure, distribution channel, application, connectivity, and region:
· Structure Outlook (Revenue, USD Million; 2019-2030)
o Built-in
o Countertop
· Distribution Channel Outlook (Revenue, USD Million; 2019-2030)
o Online
o Offline
· Application Outlook (Revenue, USD Million; 2019-2030)
o Residential
o Commercial
· Connectivity Outlook (Revenue, USD Million; 2019-2030)
o Bluetooth
o Wi-Fi
o Near-Field Communication (NFC)
o Others
Regional Overview:
The global Smart Oven Market market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Smart Oven Market market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements
The report considers the following timeline for market estimation:
· Historical Years: 2017-2018
· Base Year: 2019
· Estimated Year: 2027
· Forecast Years: 2020-2027
Global Smart Oven Market Report – Table of Contents:
· Chapter 1 includes the global Smart Oven Market market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
· Chapter 2 broadly categorizes the Smart Oven Market market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
· Chapter 3 elaborates on the competitive outlook of the Smart Oven Market market, focusing on the major manufacturers and vendor landscape.
· Chapter 4 exhaustively studies the key manufacturers of the Smart Oven Market industry, along with their anticipated sales and revenue shares.
· Chapters 5 includes market segmentation based on product type, application range, and market players.
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Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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