The built-in oven market has been witnessing significant growth over the past decade, driven by the increasing demand for stylish and space-efficient kitchen appliances. Built-in ovens are preferred for their seamless integration into kitchen cabinetry, providing sleek aesthetics and enhanced functionality. As of 2023, the global built-in oven market is estimated to be valued at approximately USD 12 billion and is projected to grow at a compound annual growth rate (CAGR) of 5% to 7% from 2024 to 2029.
For instance, the implementation of initiatives across Europe to promote energy-saving appliances has prompted innovators in kitchen technology to integrate smart features like Wi-Fi connectivity and automation into built-in ovens. Similarly, companies such as Samsung and LG have launched smart ovens that can be controlled remotely, which aligns with the trend of smart homes.
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Market Size, Share & Trends Analysis
The built-in oven market is segmented into various product types, including single ovens, double ovens, double built-under ovens, and compact ovens. Each segment caters to different consumer preferences and kitchen designs. The breakdown of market share by product type is as follows:- Single Oven: 35% market share
- Double Oven: 25% market share
- Double Built-under Oven: 20% market share
- Compact Oven: 20% market share
Market Segmentation
By Product Type
- Single Oven: Ideal for smaller kitchens, single ovens provide ample cooking space and are available in various styles.
- Double Oven: Popular among serious cooks, double ovens allow for simultaneous cooking of multiple dishes at different temperatures.
- Double Built-under Oven: Designed to fit under countertops with additional utility, appealing to those with limited kitchen space.
- Compact Oven: Compact ovens are excellent choices for smaller households or kitchens where space is at a premium.
By Key Players
Major players in the built-in oven market include:- Whirlpool
- Bosch
- LG
- Samsung
- GE Appliances/Haier
- Robam
- FOTILE
- VATTI
- Meida
- Marssenger
- Sanfer
- Entive
By Process
The built-in oven market is also segmented based on the cooking process, which includes conventional ovens, convection ovens, steam ovens, and combination ovens. Convection ovens are gaining traction due to their quicker cooking times and even heat distribution.By Application
The main applications of built-in ovens include residential and commercial uses, with the residential segment holding the larger share due to the growing trend of home cooking and renovation projects.By End-Use
Built-in ovens primarily cater to individual consumers and households, but their usage in restaurants and commercial kitchens is also significant, as professionals look for reliable and efficient cooking equipment.By Region
The built-in oven market is geographically segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of 2023, Europe holds a substantial market share, closely followed by North America and Asia-Pacific due to rapid urbanization and increasing disposable incomes.- North America: A robust market driven by consumer preference for high-end kitchen appliances.
- Europe: Known for its expertise in kitchen design and energy-efficient appliances.
- Asia-Pacific: Rapidly growing due to urbanization and a rising middle-class population seeking modern cookware.
- Latin America: Emerging market with rising demand for home appliances.
- Middle East & Africa: Gradual growth expected as the housing sector develops.
Market News on Policy and Companies
As the built-in oven market evolves, significant policy changes related to energy consumption and environmental regulations are influencing production practices. Leading manufacturers are now focusing on developing energy-efficient models that comply with sustainability standards established by governments worldwide.For instance, the implementation of initiatives across Europe to promote energy-saving appliances has prompted innovators in kitchen technology to integrate smart features like Wi-Fi connectivity and automation into built-in ovens. Similarly, companies such as Samsung and LG have launched smart ovens that can be controlled remotely, which aligns with the trend of smart homes.
Segment Forecasts (2024 - 2029)
Forecasts for the built-in oven market from 2024 to 2029 indicate a positive trajectory, with expectations of steady growth. Various segments are projected to perform as follows:- Single Oven: Expected CAGR of 5%
- Double Oven: Expected CAGR of 6%
- Double Built-under Oven: Expected CAGR of 7%
- Compact Oven: Expected CAGR of 6%
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Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Trading Analysis
Chapter 9 Historical and Forecast Built-In Oven Market in North America (2020-2030)
Chapter 10 Historical and Forecast Built-In Oven Market in South America (2020-2030)
Chapter 11 Historical and Forecast Built-In Oven Market in Asia & Pacific (2020-2030)
Chapter 12 Historical and Forecast Built-In Oven Market in Europe (2020-2030)
Chapter 13 Historical and Forecast Built-In Oven Market in MEA (2020-2030)
Chapter 14 Summary For Global Built-In Oven Market (2020-2025)
Chapter 15 Global Built-In Oven Market Forecast (2025-2030)
Chapter 16 Analysis of Global Key Vendors
List of Tables and Figures
Companies Mentioned
- Whirlpool
- Bosch
- LG
- Samsung
- GE Appliances/Haier
- Robam
- FOTILE
- VATTI
- Meida
- Marssenger
- Sanfer
- Entive