PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1532615
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1532615
Oven Market- By Fuel (Electric, Gas, Dual Fuel), By Capacity (Small, Medium, Large), By Application (Residential, Commercial, Industrial), By Regional Outlook & Forecast, 2024 - 2032
Global Oven Market size is predicted to grow at 6.5% CAGR from 2024 to 2032, due to increasing product launches and technological advancements. Lately, manufacturers are introducing new models equipped with innovative features, such as smart controls and advanced cooking technologies for enhancing user convenience and cooking efficiency.
Moreover, smart ovens are becoming more integrated with home automation systems for allowing greater convenience and personalization. For instance, in July 2024, LG launched nine new microwave oven models featuring advanced cooking technologies and smart controls to enhance user convenience and efficiency with innovations that include precise temperature settings and integrated smart functions.
The market is segregated into fuel, capacity, application, and region.
In terms of fuel, the oven industry from the dual fuel segment will experience significant growth through 2032. Dual-fuel ovens blend the strengths of gas and electric cooking methods to provide users with greater versatility and control. These ovens incorporate advanced technologies to enhance user experience with features like smart controls and energy-efficient designs. In addition, innovations are making these appliances more adaptable to various cooking styles and preferences.
By application, the oven market from the residential segment is expected to grow from 2024 to 2032, owing to rising adoption to meet diverse cooking needs in home kitchens. Advanced oven models come with advanced technologies including smart controls and self-cleaning functions to enhance convenience and efficiency. Users are also benefiting from innovations, such as precise temperature settings and multi-mode cooking options to assist in making meal preparation more versatile and enjoyable.
Regionally, the North America oven industry size will foresee robust growth from 2024 and 2032, propelled by economic factors as well as health and wellness trends. Manufacturers are responding to the increasing consumer demand for energy-efficient and health-conscious appliances by incorporating advanced technologies and eco-friendly materials. The growing emphasis on ovens with features that promote healthier cooking, such as reduced fat and oil usage will also add to the regional product demand.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Market estimates & forecast parameters
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Strategic outlook
- 4.2 Innovation & sustainability landscape
Chapter 5 Market Size and Forecast, By Capacity (USD Million & '000 Units)
- 5.1 Key trends
- 5.2 Small
- 5.3 Medium
- 5.4 Large
Chapter 6 Market Size and Forecast, By Fuel (USD Million & '000 Units)
- 6.1 Key trends
- 6.2 Electric
- 6.3 Gas
- 6.4 Dual fuel
Chapter 7 Market Size and Forecast, By Application (USD Million & '000 Units)
- 7.1 Key trends
- 7.2 Residential
- 7.3 Commercial
- 7.4 Industrial
Chapter 8 Market Size and Forecast, By Region (USD Million & '000 Units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 France
- 8.3.3 UK
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Portugal
- 8.3.7 Romania
- 8.3.8 Netherlands
- 8.3.9 Switzerland
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 India
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.5 Middle East & Africa
- 8.5.1 Saudi Arabia
- 8.5.2 UAE
- 8.5.3 Egypt
- 8.5.4 South Africa
- 8.6 Latin America
- 8.6.1 Brazil
- 8.6.2 Argentina
Chapter 9 Company Profiles
- 9.1 Bosch
- 9.2 Breville Group Ltd.
- 9.3 BTU International
- 9.4 Davron Technologies Inc.
- 9.5 Eastman Manufacturing
- 9.6 Electrolux
- 9.7 JPW Industrial Ovens & Furnaces
- 9.8 LEWCO, Inc.
- 9.9 LG Electronics
- 9.10 Midea Group
- 9.11 Panasonic
- 9.12 Rehm Thermal Systems
- 9.13 Samsung
- 9.14 Sharp Corporation
- 9.15 Surface Combustion
- 9.16 Tamura Corporation
- 9.17 The Grieve Corporation
- 9.18 Thermcraft
- 9.19 Whirlpool Corporation
- 9.20 Wisconsin Oven
