Global Smart Oven Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 10.40 Billion |
 Market Size (Forecast Year) |
USD 17.87 Billion |
 CAGR |
% |
| Major Markets Players |
Global Smart Oven Market Segmentation, By Type (Single Function and Multiple Functions), Structure (Built-in Smart Ovens and Counter Top), Distribution Channel (E-commerce Websites and Electrical Appliances Stores), Connectivity (Wi-Fi, NFC (Near Field Communication), Bluetooth, IOT, and Others), Capacity (20-25 Litres, 26-30 Litres, and Above 30 Litres), Application (Household and Commercial Service Industries), End User (Restaurants, Gourmet Cafes, Confectionary Stores, Bakeries, and Others) – Industry Trends and Forecast to 2031
Smart Oven Market Analysis
The smart oven market has experienced significant growth due to advancements in IoT technology, AI integration, and voice-activated controls. The latest methods include the use of machine learning algorithms to predict cooking times and optimal temperatures based on the type of food. These ovens are equipped with sensors that detect humidity levels and adjust cooking conditions for precise results. Integration with smart home ecosystems, such as Amazon Alexa and Google Assistant, allows for voice control, adding convenience for users.
Advancements in connectivity, such as Wi-Fi-enabled remote monitoring, allow users to control and monitor their ovens via smartphones, enhancing flexibility and user experience. Moreover, the use of energy-efficient technologies, such as convection heating and microwave combinations, has led to reduced energy consumption while improving cooking performance.
These innovations have broadened the market’s appeal, particularly among tech-savvy consumers and smart-home adopters. The global shift toward energy efficiency and the growing preference for connected home appliances are key drivers pushing the smart oven market’s growth. As consumer awareness of smart kitchen solutions increases, the demand for these technologically advanced ovens is expected to rise further.
Smart Oven Market Size
The global smart oven market size was valued at USD 10.40 billion in 2023 and is projected to reach USD 17.87 billion by 2031, with a CAGR of 7.0% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
Smart Oven Market Trends
“Integration of IoT and Smart Home Ecosystems”
One specific trend fueling the smart oven market's growth is the increasing integration of IoT technology and smart home ecosystems. With smart ovens now connected to Wi-Fi and other smart devices, users can control their ovens remotely through mobile apps, voice assistants such as Amazon Alexa and Google Assistant, and even automated home systems. This level of convenience and automation enhances the user experience. For instance, In February 2023, Samsung Electronics launched its Series 7 Bespoke AI Oven, a cutting-edge appliance that features advanced AI Pro Cooking technology. This innovation allows the oven to craft meals tailored to individual dietary needs. With its sleek, minimalist design and a convenient auto-open door, the Bespoke AI Oven enhances both functionality and aesthetic appeal, reflecting Samsung's dedication to providing smart cooking solutions for diverse consumer preferences.
Report Scope and Smart Oven Market Segmentation
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Attributes |
Smart Oven Key Market Insights |
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Segments Covered |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Key Market Players |
SHARP CORPORATION (Japan), AB Electrolux (Sweden), Alto-Shaam, Inc. (U.S.), Illinois Tool Works Inc. (U.S.), Galanz (China), Midea Group (China), SAMSUNG (South Korea), Moulinex (France), GE Appliances (U.S.), Breville USA, Inc. (U.S.), DAEWOO Electronics UK Ltd (U.K.), Panasonic Corporation (Japan), SMEG S.p.A. (Italy), BSH Hausgeräte GmbH (Germany), LG Electronics (South Korea), Whirlpool Corporation (U.S.), Haier Inc. (China), Robert Bosch GmbH (Germany), and Miele (Germany) |
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Market Opportunities |
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Value Added Data Infosets |
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework. |
Smart Oven Market Definition
A smart oven is an advanced kitchen appliance equipped with Wi-Fi or Bluetooth connectivity, allowing users to control and monitor cooking through smartphone apps or voice commands. These ovens feature automated cooking settings, sensor technology, and integrated cameras to ensure precise temperature control and consistent results. Smart ovens often include pre-programmed recipes, multi-stage cooking functions, and real-time alerts. They support remote operation, so users can start, pause, or stop cooking from anywhere. With features such as air frying, steaming, and convection, smart ovens offer a versatile and convenient solution for modern cooking needs.
Smart Oven Market Dynamics
Drivers
- Rising Consumer Demand for Convenience
The growing preference for time-saving kitchen appliances significantly fuels the demand for smart ovens. These devices streamline cooking processes, allowing users to prepare meals with minimal effort. For instance, In April 2024, LG Electronics unveiled its latest Signature Kitchen Suite, featuring a built-in oven, free zone induction hob, and downdraft hood. These new appliances boast advanced AI technologies, enhancing cooking efficiency and convenience. With a focus on aesthetics, the sleek designs of these built-ins not only elevate kitchen style but also provide modern functionality, making them a standout choice for contemporary home chefs.
- Rise of Online Cooking Communities
The rise of online cooking communities significantly boosts the smart oven market by promoting innovative cooking methods and sharing recipes tailored for advanced appliances. Platforms such as YouTube, Instagram, and TikTok feature influencers demonstrating the versatility of smart ovens, showcasing their ability to create complex dishes with ease. For instanceIn December 2020, Sharp Home Electronics Company of America (SGCA) launched the first smart countertop microwave oven equipped with Wi-Fi connectivity. This innovative appliance is compatible with Alexa, enabling users to issue hands-free voice commands for cooking tasks. The integration of smart technology allows for a more seamless cooking experience, reflecting Sharp's commitment to enhancing convenience and functionality in modern kitchen environments, catering to the needs of today’s consumers.
Opportunities
- Increased Focus on Energy Efficiency
The rising emphasis on energy efficiency in kitchen appliances creates significant opportunities in the smart oven market. Many smart ovens incorporate energy-saving technologies, such as induction heating and advanced insulation, which minimize energy consumption while maximizing cooking performance. For instance, in February 2023, Tovala announced the expansion of its product lineup with the introduction of the Tovala smart oven air fryer. This innovative appliance, offered in an elegant stone-gray finish, is designed to automate cooking processes. Equipped with multi-function modes, it allows users to prepare a variety of meals effortlessly. The Tovala smart oven air fryer combines modern technology with user-friendly features for an exceptional cooking experience.
- Increased Awareness of Cooking Techniques
The increased awareness of cooking techniques presents a significant opportunity in the smart oven market. Many smart ovens are equipped with guided cooking features, offering step-by-step instructions, cooking tips, and precise temperature settings. For instance, In January 2022, Panasonic Corporation introduced its new range of small kitchen appliances, including a smart microwave oven that can be operated via Alexa. This feature enables hands-free and remote cooking, providing users with greater convenience and flexibility in their kitchen. The microwave's smart capabilities allow it to adjust cooking times and settings through voice commands, making meal preparation easier and more efficient than ever before.
Restraints/Challenges
- Complexity and Usability
Complexity and usability issues significantly hinder the smart oven market. Many consumers, particularly those who are not tech-savvy, struggle to navigate complicated interfaces and settings. The variety of features, such as app connectivity, voice control, and multiple cooking modes, can overwhelm users, leading to frustration and dissatisfaction. This complexity discourages potential buyers who prefer straightforward, easy-to-use appliances. Additionally, inadequate instructions and unclear user manuals further exacerbate the problem, resulting in a steep learning curve. As a result, many consumers may choose to stick with traditional ovens, limiting the growth and adoption of smart ovens in the market.
- Rising Privacy Concerns
Rising privacy concerns significantly hinder the smart oven market. As connected devices gather and transmit personal data, consumers grow increasingly wary of potential data breaches and hacking threats. Many smart ovens collect information on user preferences, cooking habits, and even location, raising alarms about unauthorized access and misuse of sensitive information. This skepticism can lead to hesitation in adopting smart ovens, particularly among individuals who prioritize data security. The fear of surveillance or intrusion into personal spaces discourages potential buyers, limiting market growth and affecting manufacturers' ability to attract customers who value both convenience and privacy in their kitchen appliances.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Smart Oven Market Scope
The market is segmented on the basis of type, structure, distribution channel, connectivity, capacity, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Single Function
- Multiple Functions
Structure
- Built-in Smart Ovens
- Counter Top
Distribution Channel
- E-commerce Websites
- Electrical Appliances Stores
Connectivity
- Wi-Fi
- NFC (Near Field Communication)
- Bluetooth
- IOT
- Others
Capacity
- 20-25 Litres
- 26-30 Litres
- Above 30 Litres
Application
- Household
- Commercial Service Industries
End User
- Restaurants
- Gourmet Cafes
- Confectionary Stores
- Bakeries
- Others
Smart Oven Market Regional Analysis
The market is analyzed and market size insights and trends are provided by type, structure, distribution channel, connectivity, capacity, application and end user as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is expected to dominate the smart oven market due to high disposable income and increasing consumer interest in Internet of Things (IoT) enabled devices and smart home concepts. This trend is driven by the desire for convenience and efficiency in kitchen appliances. As technology advances, the integration of smart features into ovens will further enhance user experience, making them a preferred choice among consumers.
Asia-Pacific is expected to show growth in the smart oven market, driven by increasing urbanization and a rising population. As more households embrace modern cooking technologies, the demand for smart ovens is anticipated to rise. Additionally, urban dwellers are increasingly seeking convenience and energy-efficient solutions, further boosting market potential. Innovative features and integration with smart home systems are also expected to enhance consumer interest in this segment.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Smart Oven Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Smart Oven Market Leaders Operating in the Market Are:
- SHARP CORPORATION (Japan)
- AB Electrolux (Sweden)
- Alto-Shaam, Inc. (U.S.)
- Illinois Tool Works Inc. (U.S.)
- Galanz (China)
- Midea Group (China)
- SAMSUNG (South Korea)
- Moulinex (France)
- GE Appliances (U.S.)
- Breville USA, Inc. (U.S.)
- DAEWOO Electronics UK Ltd (U.K.)
- Panasonic Corporation (Japan)
- SMEG S.p.A. (Italy)
- BSH Hausgeräte GmbH (Germany)
- LG Electronics (South Korea)
- Whirlpool Corporation (U.S.)
- Haier Inc. (China)
- Robert Bosch GmbH (Germany)
- Miele (Germany)
Latest Developments in Smart Oven Market
- In April 2024, LG Electronics unveiled its latest Signature Kitchen Suite, featuring a built-in oven, free zone induction hob, and downdraft hood. These new appliances boast advanced AI technologies, enhancing cooking efficiency and convenience. With a focus on aesthetics, the sleek designs of these built-ins not only elevate kitchen style but also provide modern functionality, making them a standout choice for contemporary home chefs
- In February 2023, Tovala announced the expansion of its product lineup with the introduction of the Tovala smart oven air fryer. This innovative appliance, offered in an elegant stone-gray finish, is designed to automate cooking processes. Equipped with multi-function modes, it allows users to prepare a variety of meals effortlessly. The Tovala smart oven air fryer combines modern technology with user-friendly features for an exceptional cooking experience
- In February 2023, Samsung Electronics launched its Series 7 Bespoke AI Oven, a cutting-edge appliance that features advanced AI Pro Cooking technology. This innovation allows the oven to craft meals tailored to individual dietary needs. With its sleek, minimalist design and a convenient auto-open door, the Bespoke AI Oven enhances both functionality and aesthetic appeal, reflecting Samsung's dedication to providing smart cooking solutions for diverse consumer preferences
- In January 2022, Panasonic Corporation introduced its new range of small kitchen appliances, including a smart microwave oven that can be operated via Alexa. This feature enables hands-free and remote cooking, providing users with greater convenience and flexibility in their kitchen. The microwave's smart capabilities allow it to adjust cooking times and settings through voice commands, making meal preparation easier and more efficient than ever before
- In January 2021, Electrolux has recommitted to investing in its Springfield, Tennessee facility to strengthen U.S. cooking production. This strategic move aims to capitalize on growth opportunities by innovating new products and implementing automation. The initiative is expected to enhance product excellence, ensuring Electrolux meets the evolving demands of consumers in North America and Latin America, reinforcing its position in the competitive kitchen appliance market
- In January 2021, Weber-Stephen Products, LLC announced the acquisition of June, a company known for its smart appliance technology. This acquisition includes June’s innovative products, intellectual property, and technology, particularly the June oven, which offers advanced cooking features. The integration of June’s capabilities aims to enhance Weber's product offerings, allowing them to provide more intelligent and user-friendly cooking solutions that align with modern consumer preferences
- In December 2020, Sharp Home Electronics Company of America (SGCA) launched the first smart countertop microwave oven equipped with Wi-Fi connectivity. This innovative appliance is compatible with Alexa, enabling users to issue hands-free voice commands for cooking tasks. The integration of smart technology allows for a more seamless cooking experience, reflecting Sharp's commitment to enhancing convenience and functionality in modern kitchen environments, catering to the needs of today’s consumers
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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