Press release
Oven Market is Projected to Surpass US$ 4,519.9 Million by 2032 | Future Market Insights
Oven Market
Ovens are designed to cook and heat food & baked goods more quickly. Time-restrictions to cook fresh food each time is becoming challenging due to odd working hours and busier schedules, driving the demand in the market.
Further, increased spending on kitchen equipment and adoption of smart kitchen appliances will drive the demand in the market. Furthermore, the growing trend of linking home appliances like range, oven and cooktop will provide opportunities for manufacturers over the forecast period.
Key Takeaways from the Ovens Market Study
In terms of product type, countertop ovens are expected to dominate the global oven market through 2022 & beyond.
Based on application, the commercial segment will witness fastest growth during the assessment period (2022-2032)
Sales of oven via online retailer sales channel are expected to burgeon over the forecast period on the back of growing expansion of e-commerce sector
India is expected to spearhead the growth in South Asia oven market backed by rising adoption of smart kitchen appliances.
China is expected to dominate the East Asia market owing to the expansion of manufacturing capacities.
"Kitchen appliance manufacturers are introducing various electronic and technological features in several categories to meet consumer demand for ovens. Development of built-in ovens and modular kitchens is another factor boosting the growth in the global oven market", says an FMI analyst.
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Who is winning?
Appliances are progressively being integrated into Internet of Things (IoT) platforms by market participants. Apps for mobile and desktop devices allow smart kitchen equipment such as ovens to work remotely and wirelessly, in real-time. Manufacturers of ovens are also working intensively to create ENERGY-STAR qualified models in response to growing consumer interest in energy saving.
Some of the major players present in the ovens market are Hawkins Cookers Limited, Stove Kraft Limited, TTK Prestige Limited, Somany Home Innovation Limited (SHIL), Franke-Faber, CATA Electrodomesticos India, Sunflame Enterprises Private limited, and Whirlpool Limited among others.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global ovens market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the ovens market based on the product type (countertop and built-in), application {commercial (restaurant, hotels, schools, bakery and others) and residential}, sales channel (wholesalers/distributors, multi-brand stores, specialty stores, hypermarket/supermarkets, online retailers, and other sales channel) across seven major regions.
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Oven Market By Category
By Product Type:
Countertop
Built-in
By Application:
Commercial
Restaurants
Hotels
Schools
Bakery
Others
Residential
By Sales Channel:
Hypermarkets/Supermarkets
Wholesaler/Distributer
Specialty Stores
Multi-brand store
Online Retailers
Other Sales Channel
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa (MEA)
Read Related Reports!
Pizza Ovens Market: https://www.futuremarketinsights.com/reports/pizza-ovens-market
Smart Kitchen Appliances Market: https://www.futuremarketinsights.com/reports/smart-kitchen-appliances-market
Small Kitchen Appliances Market: https://www.futuremarketinsights.com/reports/small-kitchen-appliances-market
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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