Market Overview:
The global electric oven market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for electric ovens from home appliance and commercial applications. Additionally, the growing trend of smart homes is also contributing to the growth of this market. Based on type, the global electric oven market can be segmented into electric, gas, dual fuel and others. Electric ovens are expected to dominate this market during the forecast period owing to their high efficiency and low operating costs as compared to gas ovens. Based on application, home appliance and commercial segments are expected to account for major shares in terms of revenue in 2018.
Product Definition:
An electric oven is a household appliance that cooks food by using heat from electricity. It has a heating element that produces heat, which then cooks the food. Electric ovens are often used because they provide even heat distribution, making it easy to cook food evenly.
Electric:
Electric ovens are used for cooking and heating purposes. It is a kitchen appliance that consists of one or more electric heating elements, which can be turned on or off to control the temperature of an enclosed space. The most common forms are countertop, built-in, and combination (built-in oven with grill). Some modern appliances have multiple functions; for instance, they may also function as a griller or steamer.
Gas:
The gas and it's usage in electric oven market is expected to witness significant growth over the forecast period. The demand for gas and it's usage in electric oven is increasing due to the technological advancement such as digital display, touch screen controls, push button start etc. which makes cooking easy and convenient for consumers.
Application Insights:
The home appliance segment dominated the global electric oven market in 2017 and is expected to witness significant growth over the forecast period. The product has gained popularity among consumers as an alternative to conventional gas or charcoal cookers. Conventional electric cookers use a heating element that radiates heat from below; whereas, gas-operated products produce heat by burning fuel gases at a lower temperature. These factors are likely to drive demand for electric ovens in the residential sector over the coming years.
The commercial application segment accounted for more than 40% of total revenue share in 2017 owing to increasing adoption of energy-efficient technologies across foodservice operators globally.
Regional Analysis:
Asia Pacific dominated the global electric oven market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing penetration of electric home appliances and rapid urbanization in developing countries such as China, India, and Indonesia. Moreover, rising disposable income levels coupled with a growing population will drive demand further.
North America is projected to be one of the fastest-growing regional markets from 2018 to 2030 due to early adoption of advanced technologies by manufacturers and consumers alike for cooking efficiency enhancement coupled with product safety features.
Growth Factors:
- Increasing demand for electric ovens in commercial kitchens owing to their energy efficiency and cooking performance.
- Rising popularity of electric ovens among homemakers as they are easy to operate and provide even heat distribution, thereby resulting in better food quality.
- Proliferation of smart kitchen appliances that can be controlled using voice commands or mobile apps, which is driving the demand for electric ovens.
- Growing trend of modular kitchens that offer a variety of options for storage and cooking, thereby increasing the uptake of electric ovens.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Oven Market Research Report
By Type
Electric, Gas, Dual Fuel, Others
By Application
Home Appliance, Commercial
By Companies
GE, Whirlpool Corporation, Frigidaire, Kenmore, KitchenAid, Bosch, Siemens, SAMSUNG, Media, Haier, Panasonic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Electric Oven Market Report Segments:
The global Electric Oven market is segmented on the basis of:
Types
Electric, Gas, Dual Fuel, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Appliance, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE
- Whirlpool Corporation
- Frigidaire
- Kenmore
- KitchenAid
- Bosch
- Siemens
- SAMSUNG
- Media
- Haier
- Panasonic
Highlights of The Electric Oven Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric
- Gas
- Dual Fuel
- Others
- By Application:
- Home Appliance
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Oven Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric ovens are appliances that use electricity to heat up food. They come in a variety of shapes and sizes, and can be used for a variety of purposes, including baking bread or cookies, cooking meats or vegetables, or warming up leftovers.
Some of the major companies in the electric oven market are GE, Whirlpool Corporation, Frigidaire, Kenmore, KitchenAid, Bosch, Siemens, SAMSUNG, Media, Haier, Panasonic.
The electric oven market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Oven Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Oven Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Oven Market - Supply Chain
4.5. Global Electric Oven Market Forecast
4.5.1. Electric Oven Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Oven Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Oven Market Absolute $ Opportunity
5. Global Electric Oven Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Oven Market Size and Volume Forecast by Type
5.3.1. Electric
5.3.2. Gas
5.3.3. Dual Fuel
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Oven Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Oven Market Size and Volume Forecast by Application
6.3.1. Home Appliance
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Oven Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Oven Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Oven Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Oven Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Oven Demand Share Forecast, 2019-2026
9. North America Electric Oven Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Oven Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Oven Market Size and Volume Forecast by Application
9.4.1. Home Appliance
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Oven Market Size and Volume Forecast by Type
9.7.1. Electric
9.7.2. Gas
9.7.3. Dual Fuel
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Oven Demand Share Forecast, 2019-2026
10. Latin America Electric Oven Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Oven Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Oven Market Size and Volume Forecast by Application
10.4.1. Home Appliance
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Oven Market Size and Volume Forecast by Type
10.7.1. Electric
10.7.2. Gas
10.7.3. Dual Fuel
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Oven Demand Share Forecast, 2019-2026
11. Europe Electric Oven Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Oven Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Oven Market Size and Volume Forecast by Application
11.4.1. Home Appliance
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Oven Market Size and Volume Forecast by Type
11.7.1. Electric
11.7.2. Gas
11.7.3. Dual Fuel
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Oven Demand Share, 2019-2026
12. Asia Pacific Electric Oven Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Oven Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Oven Market Size and Volume Forecast by Application
12.4.1. Home Appliance
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Oven Market Size and Volume Forecast by Type
12.7.1. Electric
12.7.2. Gas
12.7.3. Dual Fuel
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Oven Demand Share, 2019-2026
13. Middle East & Africa Electric Oven Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Oven Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Oven Market Size and Volume Forecast by Application
13.4.1. Home Appliance
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Oven Market Size and Volume Forecast by Type
13.7.1. Electric
13.7.2. Gas
13.7.3. Dual Fuel
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Oven Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Oven Market: Market Share Analysis
14.2. Electric Oven Distributors and Customers
14.3. Electric Oven Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Whirlpool Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Frigidaire
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kenmore
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. KitchenAid
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bosch
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Siemens
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SAMSUNG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Media
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Haier
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Panasonic
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
