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Global Smart Ovens Market 2017-2021

  • Published: Oct 2017
  • Pages: 67
  • SKU: IRTNTR15032
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This industry research report identifies Electrolux, GE Appliances, LG Electronics, and Robert Bosch as the key vendors in the global smart ovens market. A comprehensive analysis of this market is also presented by product type (smart microwave oven and small wall oven), by distribution channel (offline distribution channel and online distribution channel), and by geography (the Americas, APAC, and EMEA).

Overview of the global smart ovens market

Research analysis on the global smart ovens market identifies that the ease and convenience of using smart ovens will be one of the major factors that will have a positive impact on the growth of the market. Customers are increasingly looking for quicker cooking options that provide better convenience. Smart ovens offer control through a mobile application that guides, controls, and provide recipe details to the user. The application also sends real-time status updates to users and these smart ovens are connected to the smartphones through Wi-Fi or Bluetooth. The rising need for remote access is one the key factors that is driving the demand for smart ovens among consumers. Technavio's market research analysts predict that this market will grow at a CAGR of close to 19% by 2021.

The Americas will be the major revenue contributor of the smart ovens market throughout the forecast period. The increase in the number of working women and millennials in this region and high market penetration of smart appliances will drive the market growth of smart ovens. The rising investment in smart ovens by the leading vendors will also increase the popularity of the smart ovens market in the Americas.

Competitive landscape and key vendors  

The smart ovens market consists of few major players and startups. Key players are offering innovative products with improved technologies to cater to consumer requirements. Advancements in technology is the main factor that drives the vendors to capture high market shares in the smart appliances market. Constant product development and unique value proposition in product offerings will propel the market growth during the forecast period.

The leading vendors in the market are ?

  • Electrolux
  • GE Appliances
  • LG Electronics
  • Robert Bosch

The other prominent vendors in the market are Breville, June Life, Panasonic, Sharp, Tovala, and Whirlpool.

Segmentation by product type and analysis of the smart ovens market

  • Smart microwave oven
  • Small wall oven

The smart microwave oven product type segment is predicted to have consistent growth rate in the smart ovens market during the forecast period. This is mainly due to the better living standards and high interest in connectivity-enabled smart appliances. Moreover, the increasing R&D activities and rise in investments to introduce technologically advanced products such as smart microwave ovens will drive the market growth.

Segmentation by distribution channel and analysis of the smart ovens market

  • Offline distribution channel
  • Online distribution channel

As per this market research report, the offline distribution channel accounted for the highest share of the smart ovens market. Advantages such as high availability of smart ovens in retail stores, specialty stores, and departmental stores and provision of required support to consumers will drive the market growth in this segment during the forecast period.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global smart ovens market?
  • What are the key market trends impacting the growth of the global smart ovens market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global smart ovens market?
  • What are the market opportunities and threats faced by the vendors in the global smart ovens market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global smart ovens market?

Technavio also offers customization on reports based on specific client requirement.

For the clients to gain competitive advantage, Technavio offers a broad range of research reports from consumer and retail industry and provides a complete overview of the market landscape for the general retail goods and services sector. The upcoming research report on global smart ovens market provides extensive business intelligence parameters such as key competitive landscape, market players, profit potential, and market size, which helps the client in gaining critical knowledge to maximize its ROI.

Technavio's analysts carry out exhaustive qualitative and quantitative research by collecting accurate insights and data from retailers, manufacturers, vendors, end-users, and other key stakeholders. They employ various research tools like grounded theory, case studies, historical reseGlobal Smart Ovens Market Sizearch, and retail store monitoring to provide a macro level overview of the whole market.

The upcoming report on the global smart ovens market also considers the growth of related markets such as the grass trimmer market and humidifiers market which are expected to grow at the rate of 4% for the forecast period of 2017 to 2021. The report also considers geographic segmentation by covering the Americas, APAC, and EMEA regions to provide a segregated view of the market and identify lucrative market opportunities. According to the research analysts, factors such as the increasing need for energy efficient kitchen appliances is expected to drive the growth of the smart ovens market.

The report also provides a complete overview of the competitive landscape of the market by covering vendors such as Dacor, Electrolux, GE, LG Electronics, and Samsung. The upcoming report on global smart ovens market also takes into account other key influencing factors such as product innovations, key market drivers, competitive landscape, and opportunities and challenges faced by the industry. The growth of this market follows the growth trajectory of similar markets from the consumer services and personal care, retail systems, and pet supplies sectors.

Our market research methodology for the global smart ovens market

Global Smart Ovens Market Market segmentation by region

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by product type

  • Global smart ovens market by product type

PART 07: Geographical segmentation

  • Global smart ovens market by geography
  • Americas
  • EMEA
  • APAC

PART 08: Market segmentation by distribution channel

  • Global smart ovens market by distribution channel
  • Offline distribution channel
  • Online distribution channel

PART 09: Key leading countries

  • US
  • UK
  • Germany

PART 10: Decision framework

PART 11: Drivers and challenges

  • Market drivers
  • Market challenges

PART 12: Market trends

  • High demand for energy-efficient microwave ovens
  • Innovation and advanced technologies in smart features
  • Image recognition to cook perfect meals

PART 13: Vendor landscape

  • Competitive scenario
  • Key competitive strategies
  • Other prominent vendors

PART 14: Key vendor analysis

  • Electrolux
  • GE Appliances
  • LG
  • Robert Bosch

PART 15: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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