Multi Ovens Market Research Report - Global Forecast till 2030

Multi Ovens Market Research Report Information by Product (Steam Generated and Boilerless), End-user (Hotels & Restaurants, Bakery Stores, Retail Outlets, Domestic & Institutional, and Commercial Kitchens) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) โ€“ Forecast till 2030

ID: MRFR/AM/8600-HCR | 120 Pages | Author: Sejal Akre | March 2024         

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Multi Ovens Market

Multi Ovens Market size is projected to reach approximately USD 30114.2 Million by 2030, registering a 4.5% CAGR between 2022 and 2030.

Segmentation
By Product Steam Generated Boilerless
By End-User Hotels & Restaurants Bakery Stores Retail Outlets Domestic & Institutional Commercial Kitchens
Key Players
Companies Profiled   GE    Whirlpool Corporation    Frigidaire    Kenmore    KitchenAid    Bosch    Siemens    SAMSUNG    Media    Haier    Panasonic
Drivers
Market Driving Forces   New product launches and R&D Amongst major key Players    Increasing demand at hotels and restaurants
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Multi Ovens Market Scenario


Multi Ovens Market size is projected to reach approximately USD 30114.2 Million by 2030, registering a 4.5% CAGR between 2022 and 2030.


Multi ovens are built with multiple heating elements behind the oven walls including atop one, a bottom one, and one coiled around an electric fan, plus a grill element within the cavity that is used in combination or separately to give optimum performance according to what you are cooking. The restaurant industry has flourished in the past few years against the backdrop of increasing the ‘Dine Out’ trend. A new trend called ‘Eating In’ is transforming the landscape of the restaurant industry. The trend has invited a prominent shift in consumer preference towards eating at home against dining out. As a result, more restaurant & hotel outlets are being opened, thereby, boosting the demand for multi ovens in recent years.


Microwave ovens, today, form an integral part of kitchen appliances. Microwave oven functions on thermal energy by heating the polar molecules in food, a process also known as dialectic heating. The microwave radiations emitted from microwave ovens are of shorter wavelength but possess an enormous amount of energy which facilitates faster cooking. Microwave ovens, depending on their power output, can alternatively be used for roasting, baking, and grilling. Microwave ovens are manufactured with varied features, some of which include, touch display panels, a heating chamber, vents, and a glass turntable.


Key industry participants in the multi ovens industry include-


GE, Whirlpool Corporation, Frigidaire, Kenmore, KitchenAid, Bosch, Siemens, SAMSUNG, Media, Haier, and Panasonic.


Market Segmentation 


The multi ovens global market has been segmented based on product, end-user, and power source. Based on product, the global market is divided into steam generated and boilerless. The steam generated product segment is anticipated to hold a significant share of the market during the forecast period. However, the boilerless segment is projected to grow at a significant rate in the global multi ovens market.


Based on end-user, the global market is segmented into hotels & restaurants, bakery stores, retail outlets, domestic & institutional, and commercial kitchens. The hotels & restaurants end-user segment is estimated to grow at a significant rate during the forecast period due to increasing expenditure on food outside home and rising consumer preference for a variety of cuisine food products.


Based on power source, the global market has been divided into gas and electric. The electric power source segment is anticipated to hold a significant share.


Global Multi Ovens Market is projected to grow at 4.5% CAGR during the forecast period.


Multi Ovens Market


The global multi ovens market is expected to witness high growth during the forecast period owing to the increasing demand at hotels and restaurants. This is likely to drive the demand for multi ovens during the forecast period.


Based on region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific holds a significant market share owing to the low cost of production and availability of cheap labor in countries such as China and India.


Intended Audience



  • Government and Research Organization

  • Consulting Companies

  • Raw Material Suppliers

  • Research Consultants

  • Investors and Shareholders

Report Scope:

Report Attribute/Metric Details
Market Size 2030 USD 30114.2 Million
Compound Annual Growth Rate (CAGR) 4.5% (2022-2030)
Base Year 2021
Forecast Period 2022-2030
Historical Data 2019 & 2020
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By Product, End-user
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled GE, Whirlpool Corporation, Frigidaire, Kenmore, KitchenAid, Bosch, Siemens, SAMSUNG, Media, Haier and Panasonic
Key Market Opportunities New product launches and R&D Among major key Players
Key Market Drivers Increasing demand at hotels and restaurants




Frequently Asked Questions (FAQ) :

The multi ovens global market is predicted to grow at a 4.5% CAGR between 2022- 2030.

The multi ovens global market is predicted to reach USD 30114.2 Million by 2030.

Key contenders profiled in the global multi ovens market include GE, Whirlpool Corporation, Frigidaire, Kenmore, KitchenAid, Bosch, Siemens, SAMSUNG, Media, Haier, and Panasonic.

Burgeoning demand in restaurants and hotels is driving the global multi ovens market growth.

Asia Pacific will lead the global multi ovens market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major playersโ€™ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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