Product Code: SR112024A2553
The global smart oven market size reached US$ 254.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,119.4 Million by 2032, exhibiting a growth rate (CAGR) of 17.4% during 2024-2032.
A smart oven is a type of kitchen appliance that combines the utility of conventional and microwave ovens with Wi-Fi and Bluetooth for providing improved connectivity. Some variants of these ovens are also equipped with flexible cooktops and offer voice control functionality that can be carried out through the companion app or smart home assistants, such as Google Home and Amazon Alexa. Smart ovens offer enhanced control by allowing users to adjust the temperature and cooking configurations remotely. They also provide a higher number of cooking modes and cycle settings, which range from reheating frozen foods to baking and roasting.
With the advent of the Internet of Things (IoT) and rising penetration of intelligent home assistants, smart ovens can be controlled through mobile applications, which send real-time status updates to users. This represents one of the most crucial factors bolstering the growth of the market across the globe. Furthermore, owing to hectic lifestyles and inflating income levels, consumers are shifting toward smart appliances as they provide convenience and help in reducing the wastage of electricity. Moreover, technological advancements have enabled manufacturers to introduce smart ovens that have self-cleaning functions and can automatically switch off when the food reaches the right temperature. They are also integrating smart ovens with applications that offer food recipes, wherein the appliances can automatically preheat to a set temperature and cook for the predefined period.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart oven market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, distribution channel, capacity, structure, connectivity and application.
Breakup by Type:
Single Function
Multiple Function
Breakup by Distribution Channel:
Online
Offline
Breakup by Capacity:
20-25 Litres
26-30 Litres
Above 30 Litres
Breakup by Structure:
Built-in
Countertop
Breakup by Connectivity:
Bluetooth
Wi-Fi
NFC
Others
Breakup by Application:
Residential
Commercial
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Breville Group Limited, Bsh Home Appliances Corporation (Robert Bosch GmbH), Electrolux AB, Haier Group, LG Electronics Inc., Panasonic Corporation, Samsung Electronics Co. Ltd., Sharp Corporation, Sub-Zero Group Inc. and Whirlpool Corporation.
Key Questions Answered in This Report
- 1. What was the size of the global smart oven market in 2023?
- 2. What is the expected growth rate of the global smart oven market during 2024-2032?
- 3. What are the key factors driving the global smart oven market?
- 4. What has been the impact of COVID-19 on the global smart oven market?
- 5. What is the breakup of the global smart oven market based on the type?
- 6. What is the breakup of the global smart oven market based on the distribution channel?
- 7. What is the breakup of the global smart oven market based on the capacity?
- 8. What is the breakup of the global smart oven market based on the structure?
- 9. What is the breakup of the global smart oven market based on the connectivity?
- 10. What is the breakup of the global smart oven market based on the application?
- 11. What are the key regions in the global smart oven market?
- 12. Who are the key players/companies in the global smart oven market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Smart Oven Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Single Function
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Multiple Function
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Distribution Channel
- 7.1 Online
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Offline
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Capacity
- 8.1 20-25 Litres
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 26-30 Litres
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Above 30 Litres
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Structure
- 9.1 Built-in
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Countertop
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Connectivity
- 10.1 Bluetooth
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Wi-Fi
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 NFC
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Others
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
11 Market Breakup by Application
- 11.1 Residential
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 Commercial
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
12 Market Breakup by Region
- 12.1 North America
- 12.1.1 United States
- 12.1.1.1 Market Trends
- 12.1.1.2 Market Forecast
- 12.1.2 Canada
- 12.1.2.1 Market Trends
- 12.1.2.2 Market Forecast
- 12.2 Asia Pacific
- 12.2.1 China
- 12.2.1.1 Market Trends
- 12.2.1.2 Market Forecast
- 12.2.2 Japan
- 12.2.2.1 Market Trends
- 12.2.2.2 Market Forecast
- 12.2.3 India
- 12.2.3.1 Market Trends
- 12.2.3.2 Market Forecast
- 12.2.4 South Korea
- 12.2.4.1 Market Trends
- 12.2.4.2 Market Forecast
- 12.2.5 Australia
- 12.2.5.1 Market Trends
- 12.2.5.2 Market Forecast
- 12.2.6 Indonesia
- 12.2.6.1 Market Trends
- 12.2.6.2 Market Forecast
- 12.2.7 Others
- 12.2.7.1 Market Trends
- 12.2.7.2 Market Forecast
- 12.3 Europe
- 12.3.1 Germany
- 12.3.1.1 Market Trends
- 12.3.1.2 Market Forecast
- 12.3.2 France
- 12.3.2.1 Market Trends
- 12.3.2.2 Market Forecast
- 12.3.3 United Kingdom
- 12.3.3.1 Market Trends
- 12.3.3.2 Market Forecast
- 12.3.4 Italy
- 12.3.4.1 Market Trends
- 12.3.4.2 Market Forecast
- 12.3.5 Spain
- 12.3.5.1 Market Trends
- 12.3.5.2 Market Forecast
- 12.3.6 Russia
- 12.3.6.1 Market Trends
- 12.3.6.2 Market Forecast
- 12.3.7 Others
- 12.3.7.1 Market Trends
- 12.3.7.2 Market Forecast
- 12.4 Latin America
- 12.4.1 Brazil
- 12.4.1.1 Market Trends
- 12.4.1.2 Market Forecast
- 12.4.2 Mexico
- 12.4.2.1 Market Trends
- 12.4.2.2 Market Forecast
- 12.4.3 Others
- 12.4.3.1 Market Trends
- 12.4.3.2 Market Forecast
- 12.5 Middle East and Africa
- 12.5.1 Market Trends
- 12.5.2 Market Breakup by Country
- 12.5.3 Market Forecast
13 SWOT Analysis
- 13.1 Overview
- 13.2 Strengths
- 13.3 Weaknesses
- 13.4 Opportunities
- 13.5 Threats
14 Value Chain Analysis
15 Porters Five Forces Analysis
- 15.1 Overview
- 15.2 Bargaining Power of Buyers
- 15.3 Bargaining Power of Suppliers
- 15.4 Degree of Competition
- 15.5 Threat of New Entrants
- 15.6 Threat of Substitutes
16 Price Analysis
17 Competitive Landscape
- 17.1 Market Structure
- 17.2 Key Players
- 17.3 Profiles of Key Players
- 17.3.1 Breville Group Limited
- 17.3.1.1 Company Overview
- 17.3.1.2 Product Portfolio
- 17.3.1.3 Financials
- 17.3.1.4 SWOT Analysis
- 17.3.2 Bsh Home Appliances Corporation (Robert Bosch GmbH)
- 17.3.2.1 Company Overview
- 17.3.2.2 Product Portfolio
- 17.3.3 Electrolux AB
- 17.3.3.1 Company Overview
- 17.3.3.2 Product Portfolio
- 17.3.3.3 Financials
- 17.3.3.4 SWOT Analysis
- 17.3.4 Haier Group
- 17.3.4.1 Company Overview
- 17.3.4.2 Product Portfolio
- 17.3.5 LG Electronics Inc.
- 17.3.5.1 Company Overview
- 17.3.5.2 Product Portfolio
- 17.3.5.3 Financials
- 17.3.6 Panasonic Corporation
- 17.3.6.1 Company Overview
- 17.3.6.2 Product Portfolio
- 17.3.6.3 Financials
- 17.3.6.4 SWOT Analysis
- 17.3.7 Samsung Electronics Co. Ltd.
- 17.3.7.1 Company Overview
- 17.3.7.2 Product Portfolio
- 17.3.7.3 Financials
- 17.3.7.4 SWOT Analysis
- 17.3.8 Sharp Corporation
- 17.3.8.1 Company Overview
- 17.3.8.2 Product Portfolio
- 17.3.8.3 Financials
- 17.3.9 Sub-Zero Group Inc.
- 17.3.9.1 Company Overview
- 17.3.9.2 Product Portfolio
- 17.3.10 Whirlpool Corporation
- 17.3.10.1 Company Overview
- 17.3.10.2 Product Portfolio
- 17.3.10.3 Financials
- 17.3.10.4 SWOT Analysis