Market Overview:
The global countertop oven market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for convenience foods and the growing trend of home cooking. In addition, the rising disposable income of consumers is also contributing to the growth of this market. The global countertop oven market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into 10 liters, 10-20 liters, 21-30 liters, and others. The 10 liter segment is expected to account for a major share in terms of revenue in 2018 owing to its low price point and small size that makes it ideal for use in homes. On the basis of application, it can be classified into home use and commercial use segments. The home use segment is anticipated to hold a larger share than commercial use segment during 2018-2030 owing to rising demand from end users across regions such as North America , Latin America , Europe Asia Pacific ,and Middle East & Africa .
Product Definition:
A countertop oven is a type of oven that is smaller in size and sits on top of a counter or work surface. They are often used to cook food such as pizzas, cookies, or cakes. Countertop ovens come in both gas and electric varieties, and some even have convection features which help cook food more evenly. Countertop ovens are popular because they are small and easy to use, making them perfect for small kitchens or for cooking single items like pizza.
10 Liters:
10 liters is the capacity of a countertop oven. It's basically used to cook food in a conventional oven. The growth factor for this market is increasing demand from developing countries such as India, China, Vietnam and Brazil among others. These are some of the major countries where people have started adopting western culture and lifestyle which has led to an increase in demand for various home appliances including countertop ovens.
10-20 Liters:
The 10-20 liter range of countertop oven is a perfect size for small households, restaurants and food trucks. It can easily fit in kitchen cupboards or work surfaces. The product has a capacity between 10 to 20 liters and it is designed to be used at home as well as in commercial places like restaurants, hotels, etc.
Application Insights:
The commercial application segment dominated the global countertop oven market, accounting for more than 60.0% share of the total revenue in 2017. The growth can be attributed to an increase in demand from hotels and restaurants on account of easy cleaning and convenient usage. In addition, a rise in disposable income among consumers has led them to spend more on dining out which is further propelling the growth of this segment.
Home use is projected to be fastest growing application at a CAGR of XX% over the forecast period owing to increasing awareness about health benefits associated with cooking foodstuffs directly over flame as it provides better nutrition compared to other forms such as microwave or electric stovetop ovens due to direct contact between food ingredients and fire source without any intervening medium which leads towards improved taste buds resulting in increased demand for home use countertop ovens across regions globally.
Regional Analysis:
Europe dominated the global countertop oven market in 2017 owing to high demand for convenient kitchen appliances. The region is expected to witness significant growth over the forecast period due to increasing home remodeling activities, especially in U.K., Germany, and Spain. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 on account of rising product adoption by commercial restaurants and hotels. In addition, growing real estate sector in developing countries such as India and China will boost industry expansion over the next eight years.
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increased demand for convenient cooking solutions, such as countertop ovens. These ovens offer a quick and easy way to cook meals, without the need for a full-sized oven.
- Rising popularity of healthy eating: There is a growing trend towards healthier eating, and countertop ovens offer an ideal solution for cooking nutritious meals quickly and easily. They allow you to cook food at lower temperatures than traditional ovens, which helps to preserve nutrients and flavour.
- Growing popularity of small kitchens: A smaller kitchen doesn’t have to mean sacrificing functionality – with a countertop oven, you can still enjoy all your favourite home cooked meals without taking up too much space on your counterspace or in your kitchen overall!
- Increased focus on energy efficiency: With rising energy costs and concerns about climate change, more people are looking for appliances that are energy efficient – and countertop ovens definitely fit the bill! Many models come with features like automatic shut-off timers that help save power when not in use.
Scope Of The Report
Report Attributes
Report Details
Report Title
Countertop Oven Market Research Report
By Type
10 Liters, 10-20 Liters, 21-30 Liters, Others
By Application
Home Use, Commercial
By Companies
Whirlpool Corporation, Midea, Galan, GE, Electrolux, Frigidaire, Kenmore, KitchenAid, Bosch, Siemens, Whirlpool Corporation, Haier, Panasonic, Merrychef, Miele, ACP Solutions, Alto-Shaam, Donlim, Supor, Xiaomi, Changdi, Joyoung
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Countertop Oven Market Report Segments:
The global Countertop Oven market is segmented on the basis of:
Types
10 Liters, 10-20 Liters, 21-30 Liters, 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 Use, 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:
- Whirlpool Corporation
- Midea
- Galan
- GE
- Electrolux
- Frigidaire
- Kenmore
- KitchenAid
- Bosch
- Siemens
- Whirlpool Corporation
- Haier
- Panasonic
- Merrychef
- Miele
- ACP Solutions
- Alto-Shaam
- Donlim
- Supor
- Xiaomi
- Changdi
- Joyoung
Highlights of The Countertop 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:
- 10 Liters
- 10-20 Liters
- 21-30 Liters
- Others
- By Application:
- Home Use
- 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 Countertop 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:
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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?
A countertop oven is a small, portable oven that can be used on the kitchen counter. They are typically smaller than standard ovens and have a limited range of temperatures.
Some of the major companies in the countertop oven market are Whirlpool Corporation, Midea, Galan, GE, Electrolux, Frigidaire, Kenmore, KitchenAid, Bosch, Siemens, Whirlpool Corporation, Haier, Panasonic, Merrychef, Miele, ACP Solutions, Alto-Shaam, Donlim, Supor, Xiaomi, Changdi, Joyoung.
The countertop oven market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Countertop Oven Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Countertop Oven Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Countertop Oven Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Countertop Oven Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Countertop Oven Market Size & Forecast, 2018-2028
4.5.1 Countertop Oven Market Size and Y-o-Y Growth
4.5.2 Countertop Oven Market Absolute $ Opportunity
Chapter 5 Global Countertop Oven Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Countertop Oven Market Size Forecast by Type
5.2.1 10 Liters
5.2.2 10-20 Liters
5.2.3 21-30 Liters
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Countertop Oven Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Countertop Oven Market Size Forecast by Applications
6.2.1 Home Use
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Countertop Oven Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Countertop Oven Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Countertop Oven Analysis and Forecast
9.1 Introduction
9.2 North America Countertop Oven Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Countertop Oven Market Size Forecast by Type
9.6.1 10 Liters
9.6.2 10-20 Liters
9.6.3 21-30 Liters
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Countertop Oven Market Size Forecast by Applications
9.10.1 Home Use
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Countertop Oven Analysis and Forecast
10.1 Introduction
10.2 Europe Countertop Oven Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Countertop Oven Market Size Forecast by Type
10.6.1 10 Liters
10.6.2 10-20 Liters
10.6.3 21-30 Liters
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Countertop Oven Market Size Forecast by Applications
10.10.1 Home Use
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Countertop Oven Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Countertop Oven Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Countertop Oven Market Size Forecast by Type
11.6.1 10 Liters
11.6.2 10-20 Liters
11.6.3 21-30 Liters
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Countertop Oven Market Size Forecast by Applications
11.10.1 Home Use
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Countertop Oven Analysis and Forecast
12.1 Introduction
12.2 Latin America Countertop Oven Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Countertop Oven Market Size Forecast by Type
12.6.1 10 Liters
12.6.2 10-20 Liters
12.6.3 21-30 Liters
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Countertop Oven Market Size Forecast by Applications
12.10.1 Home Use
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Countertop Oven Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Countertop Oven Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Countertop Oven Market Size Forecast by Type
13.6.1 10 Liters
13.6.2 10-20 Liters
13.6.3 21-30 Liters
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Countertop Oven Market Size Forecast by Applications
13.10.1 Home Use
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Countertop Oven Market: Competitive Dashboard
14.2 Global Countertop Oven Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Whirlpool Corporation
14.3.2 Midea
14.3.3 Galan
14.3.4 GE
14.3.5 Electrolux
14.3.6 Frigidaire
14.3.7 Kenmore
14.3.8 KitchenAid
14.3.9 Bosch
14.3.10 Siemens
14.3.11 Whirlpool Corporation
14.3.12 Haier
14.3.13 Panasonic
14.3.14 Merrychef
14.3.15 Miele
14.3.16 ACP Solutions
14.3.17 Alto-Shaam
14.3.18 Donlim
14.3.19 Supor
14.3.20 Xiaomi
14.3.21 Changdi
14.3.22 Joyoung
