Global Wall Oven Market 2017-2021

Overview of the global wall oven market

Market research analysts at Technavio predict that the global wall oven market will grow steadily over the next four years and post a CAGR of almost 11% by 2021. This market research analysis identifies the changes in kitchen designs and trends as one of the key growth factors for the global wall oven market. In the recent years, kitchen renovations and remodeling are growing at a steady pace. The increasing space constraints coupled with the need for sophisticated designs in the kitchens are stimulating the need for enabling wall ovens in kitchens. Also, the need for maximum utilization of the available space without compromising the aesthetic appeal of the house is also driving the use of wall ovens. Moreover, the additional use of kitchen as a dining space will also enable the consumers to leverage the existing space in the kitchen as well as improve the aesthetical appeal.

In addition to kitchen designs, an increase in research and development will also be a major trend that will contribute to the growth of the market. With the rapidly changing consumer preferences, the vendors in the market are opting for innovations to meet the consumer demand. Vendors are also investing heavily in research to compete with their counterparts.

Competitive landscape and key vendors