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Global Wall Oven Market 2017-2021

Global Wall Oven Market 2017-2021

About Wall Oven

Wall ovens are built in the kitchen wall or installed in cabinets under and above the oven. These ovens are generally installed at a convenient position (usually at the chest level) for the user to keep an eye on the food while it is being cooked. The growing preference among consumers for modular kitchens that are compact and sophisticated is driving the market for built-in appliances like wall ovens. The growing demand for household appliances is paving the way for considerable business opportunities for vendors, owing to which they are improving their product offerings and expanding their distribution channels.

Technavio’s analysts forecast the global wall oven market to grow at a CAGR of 10.56% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global wall oven market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales value of wall ovens sold to the residential market.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Wall Oven Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bosch
  • Electrolux
  • GE Appliances
  • LG
  • Whirlpool
Other prominent vendors
  • Blue Star
  • Dacor
  • Kenmore
  • Thermador
  • Miele
  • IFB
  • Glen
Market driver
  • Rebound in residential construction and home improvement activities.
  • For a full, detailed list, view our report
Market challenge
  • Threat from multi-functional appliances.
  • For a full, detailed list, view our report
Market trend
  • Increase in investments in R&D.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Wall Oven Market 2017-2021

Technavio recognizes the following companies as the key players in the global wall oven market: Bosch, Electrolux, GE Appliances, LG, and Whirlpool.

Other Prominent Vendors in the market are: Blue Star, Dacor, Kenmore, Thermador, Miele, IFB, and Glen.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increase in investments in R&D. With the improving economic conditions in Europe and the US, where the key kitchen appliances companies are headquartered, vendors in the market are increasingly investing in R&D. The market is witnessing the introduction of many innovative applications and solutions. Leading vendors have consistently dedicated specific percentages of their revenue for R&D activities to stay ahead of competition.”

According to the report, one driver in market is changes in kitchen designs and trends. As the area of living spaces is declining owing to factors like rising real estate costs and reduced number of people in households, the design of kitchen spaces is evolving accordingly. Consumers are keenly interested in making optimum utilization of available space without compromising on essential appliances and aesthetic appeal of the house. Hence, this concept is reflected in the changing preferences for kitchen appliances. Further, kitchen designs have undergone a transformation. Apart from cooking, consumers also use kitchens as the dining area. This calls for space-saving solutions, resulting in an increasing demand for built-in appliances. This has also affected the appliance vendors that have introduced wall ovens in their product offerings. Apart from saving counter space, wall ovens also add aesthetic appeal to the kitchen. Vendors like Bosch have added new offerings with a European finish. The wall ovens look sleek and sophisticated with matching doors and handle, coupled with improved user-interface.

Further, the report states that one challenges in market is threat from counterfeit products. Counterfeit products are copies of established products that are manufactured to take advantage of the market value and brand name of the original products. They can replace the expensive original products and fill the market with cheap, imitation products. The key factor that encourages the production of such counterfeit products is the low production costs. It is common to pack these products that appear similar to the original branded products, tricking retailers and consumers into thinking they are purchasing authentic products. This maligns the image of the companies whose products are copied, affecting their brand reputation and consumer base, thereby impacting the market growth.

Companies Mentioned

Bosch, Electrolux, GE Appliances, LG, Whirlpool, Blue Star, Dacor, Kenmore, Thermador, Miele, IFB, and Glen.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Table Global home appliances market 2016
    • Table Best practices in key value chain activities by leading vendors in home appliances market
    • Table Global kitchen appliances market 2016-2021 ($ billions)
    • Table Global smart appliances market 2015-2020 ($ billions)
    • Table Number of connected devices 2015-2019 (billion units)
  • Market overview
    • Table Global wall oven market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Global wall oven market by product segmentation
      • Table Global wall oven market by product segmentation 2016-2021 ($ millions)
      • Table Global wall oven market by product type 2016-2021 (% share)
    • Global single wall oven market
      • Table Global single wall oven market 2016-2021 ($ millions)
    • Global double wall oven market
      • Table Global double wall oven market 2016-2021 ($ millions)
    • Global combined wall oven market
      • Table Global combined wall oven market 2016-2021 ($ millions)
  • Geographical segmentation
    • Global wall oven market by geographical segmentation
      • Table Global wall oven market by geographical segmentation 2016-2021 ($ millions)
      • Table Global wall oven market by geographical segmentation 2016 (% share)
      • Table Global wall oven market by geographical segmentation 2021 (% share)
    • Wall oven market in North America
      • Table Wall oven market in North America 2016-2021 ($ millions)
    • Wall oven market in Europe
      • Table Wall oven market in Europe 2016-2021 ($ millions)
    • Wall oven market in APAC
      • Table Wall oven market in APAC 2016-2021 ($ millions)
    • Wall oven market in ROW
      • Table Wall oven market in ROW 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Increase in investments in R&D
    • Strong distribution channels
    • Rise of single-person households
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Bosch
    • Electrolux
    • GE Appliances
    • LG
    • Whirlpool
  • Appendix
    • List of abbreviations
  • Explore Technavio

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