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Oven Market Size
- Report ID: GMI9675
- Published Date: May 2024
- Report Format: PDF
Oven Market Size
Oven Market size in 2023 was valued at USD 49.2 billion and is set to proliferate at a CAGR of 6.5% from 2024 and 2032. The rise of urbanization and apartment living particularly in densely populated areas will energize the industry dynamics. Furthermore, the ongoing trend of home renovation and remodeling projects will be influential in shaping the demand curve for the industry. For instance, the share of population living in apartments in the New York crossed a mark of over 20% in 2023.
An oven is an appliance used for heating, baking, roasting, or drying food by surrounding it with hot air. The units consist of an insulated chamber with heating elements or gas burners that generate heat, along with temperature controls to regulate the cooking temperature. They come in various types, including conventional ovens, convection ovens, microwave ovens, and toaster ovens, each offering different cooking methods and capabilities. These systems are essential for cooking a wide range of dishes, from baked goods and roasted meats to casseroles and pizzas.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Oven Market Size in 2023: | USD 49.2 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 6.5% |
| 2032 Value Projection: | USD 86.1 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 118 |
| Tables, Charts & Figures: | 52 |
| Segments covered: | Fuel, Capacity, Application & Region |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Oven Market Scope
