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Residential Oven Market Trends

Report ID: GMI10421
Published Date: Jul 2024
Report Format: PDF

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Residential Oven Market Trends

The residential oven industry will witness an appreciable momentum driven by advancements in technology and evolving consumer preferences. The growing focus toward home cooking and baking spurred by social media and cooking shows is boosting demand for high-performance units with precise temperature control and multifunctional capabilities. Additionally, the rise of small-space living has led to the development of compact and versatile oven models. The oven market will increase in customization options, enabling consumers to choose ovens that match their kitchen aesthetics and personal cooking needs.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of residential oven was crossed USD 18.8 billion in 2023 and is set to grow at a rate of 5.9% through 2032, driven by an increase in urbanization and trend of apartment living.

The small capacity residential oven segment held a notable share in 2023 and will reach over USD 20 billion by 2032, as these compact ovens cater to consumers living in apartments, tiny homes, and other limited-space environments.

Europe residential oven market is set to surpass USD 8 billion by 2032, driven by rising urbanization and increasing disposable incomes, coupled with growing trend towards modern kitchen appliances.

DACOR, Electrolux AB, FABER, GE Appliances, Guangdong Galanz Enterprises Co., Ltd, Haier Inc, LG Electronics, Miele among others.