Multi Ovens Market - Size, Share, Industry Trends, and Forecasts (2025-2032)

By Product Type:

Based on the service type, the market is segmented into countertop and built-in

Trends in the product type:

• The market is experiencing significant growth driven by a rising consumer preference for innovative kitchen appliances that improve convenience and energy efficiency. With individuals spending more time at home and investing in home improvement projects, the need for modern, stylish, and efficient kitchen appliances, such as built-in electric ovens, has increased dramatically.
• Consumers are increasingly favouring healthier cooking techniques, with steam ovens being a preferred option due to their capacity to preserve nutrients.

Built-in segment accounted for the largest revenue share in the year 2024 and is expected to register the highest CAGR during the forecast period.

• The increasing awareness of energy conservation has compelled manufacturers to create more energy-efficient models, contributing to segment growth. Additionally, the rising focus on kitchen aesthetics and functional designs is further driving the adoption of built-in appliances, as they offer a seamless and integrated appearance.
• The rising urban population and evolving lifestyles have amplified the need for modern amenities, particularly advanced kitchen appliances. The increasing prevalence of nuclear families and dual-income households has heightened the need for convenient and efficient cooking solutions.
• In September 2024, Hindware launched built-in oven, OTTAVIO 80L. This smart oven incorporates state-of-the-art air frying technology, enabling consumers to create healthy meals with crispy, golden outcomes while using minimal oil.
• These factors and developments would further drive the multi ovens market size during the forecast period.

By Power Source:

Based on the power source, the market is segmented into gas and electric.

Trends in the Power source:

• The increasing demand for multi-functional appliances capable of performing various cooking tasks is propelling the adoption of dual fuel and induction models.
• Innovations in heating technology, including induction and advanced gas burners, are enhancing the performance and efficiency of multi-ovens.

The gas segment accounted for the largest revenue share of 56.78% in the year 2024.

• Gas-powered multi-functional ovens are preferred for their quick heating efficiency and accurate temperature regulation, making them suitable for professional kitchens including restaurants, hotels, and catering services.
• These ovens provide operational flexibility and cost-effectiveness, attracting chefs and culinary professionals who prioritize superior cooking performance and energy efficiency.
• These factors, analysis, and developments would further supplement the global market during the forecast period.

The electric segment is anticipated to register the fastest CAGR during the forecast period.

• Technological advancements and design innovations are shaping the installation type segment, as manufacturers create flexible and customizable solutions to address diverse consumer preferences. For example, modular kitchen designs that facilitate the rearrangement of appliances and cabinetry are becoming increasingly popular, leading manufacturers to provide ovens with adaptable installation options.
• The progression of the home renovation and remodelling industry is generating new prospects for the installation type segment. As homeowners invest in kitchen upgrades, the demand for versatile and modern built-in electric ovens that match various kitchen layouts is increasing.
• Restaurants, bakeries, and other food service establishments are increasingly choosing electric ovens because of their reliability, energy efficiency, and capacity to maintain consistent cooking temperatures.
• These factors would further supplement the multi ovens market trends during the forecast period.

By End-User:

Based on the end user, the market is segmented into residential and commercial.

Trends in the End User:

• Hotels and restaurants represent a significant sector, employing multi-functional ovens for high-volume cooking and catering services. These establishments leverage the efficiency and versatility of multi-functional ovens to address a variety of culinary needs while maintaining consistent food quality and presentation.
• Consumers are increasingly seeking appliances that enhance convenience and save time in the cooking process. Multi ovens heat faster and cook meals more instantly than traditional ovens, which makes them ideal for busy individuals and families in need of efficient meal preparation solutions.

The commercial segment accounted for the largest revenue share in the year 2024.

• In the commercial sector, multi ovens are essential for restaurants, bakeries, and other food service establishments. Their consistent cooking performance and high capacity make electric ovens the favoured option in these environments.
• Multi-functional ovens offer an efficient solution, providing the capabilities of traditional ovens without occupying valuable kitchen space, making them particularly suitable for businesses in smaller areas.
• Multi ovens are extremely versatile, with numerous models designed to handle various cooking tasks such as baking, toasting, roasting, and air frying. This versatility enables commercial kitchens to complete a range of cooking tasks using a single appliance, thus reducing the need for multiple devices and enhancing workflow efficiency in busy settings like restaurants and cafés.
• These factors would further supplement the multi ovens market trends during the forecast period.

The residential segment is anticipated to register the fastest CAGR during the forecast period.

• Modern households emphasize convenience and efficiency in cooking, and countertop ovens provide quicker preheating and cooking times than traditional ovens.
• The ovens have capability to prepare quick meals and perform multiple functions (such as air frying, baking, and broiling) makes them particularly attractive to busy families and individuals seeking time-saving kitchen appliances. With a growing number of people residing in apartments or smaller homes, particularly in urban settings, space-saving devices like multi-functional ovens have become vital. Their compact design integrates seamlessly into small kitchens while maintaining functionality, making them a favoured option for homeowners who require efficient use of space.
• For instance, in August 2024, Smeg has launched a new multifunctional countertop oven aimed at improving culinary experiences in the kitchen. This innovative appliance integrates several cooking functions, enabling users to bake, grill, and roast effortlessly. The countertop oven boasts a sleek design characteristic of Smeg’s aesthetic, making it a stylish enhancement for any kitchen. With advanced technology, the oven provides precise temperature control and multiple cooking modes to cater to a wide range of recipes. Its compact dimensions are perfect for smaller kitchens or for individuals seeking to conserve space without compromising functionality.
• These factors and development would further supplement the global market during the forecast period.

By Distribution Channel:

Based on the distribution channel, the market is segmented into hypermarkets/supermarkets, specialty stores, online platforms, and others.

Trends in the Distribution Channel:

• Several retailers are merging their online and offline channels to deliver a seamless customer experience, including options like buy online, pick up in-store.
• Consumers frequently research products online before visiting physical stores to complete their purchases, underscoring the significance of a robust online presence.
• The global supply chain allows manufacturers to source components and materials internationally, enhancing cost-effectiveness and production efficiency.

Hypermarkets/supermarkets segment accounted for the largest revenue share in the year 2024.

• The hypermarkets and supermarkets segment continues to dominate as a distribution channel, influenced by consumer preferences for in-person shopping experiences and the opportunity to physically examine products before purchase.
• Retail outlets provide a diverse array of brands and models, enabling consumers to inspect and compare products prior to making a decision. The presence of experienced sales staff and accessible financing options further enriches the shopping experience. Additionally, supermarkets and hypermarkets often feature promotional discounts and bundle offers, drawing in a substantial number of customers.
• In offline retail, consumers benefit from personalized guidance from knowledgeable sales personnel, which is often a critical factor for purchasing high-value and technically intricate appliances such as built-in electric ovens.
• The significant retail chains and specialized kitchen appliance stores are essential to this segment, offering consumers a wide selection of products and facilitating hands-on demonstrations and trials.
• These factors would further supplement the global market during the forecast period.

Online platforms segment is anticipated to register the fastest CAGR during the forecast period.

• The online retail sector is rapidly gaining momentum and is projected to experience substantial growth during the forecast period. The convenience of shopping from home, combined with the ability to compare prices and read reviews, resonates with a tech-savvy and time-constrained consumer audience.
• The emergence of e-commerce platforms and the growing access to the high-speed internet have propelled the expansion of online retail, offering consumers a wide selection of brands and models that may not be found in local stores. Also, online retailers frequently provide appealing discounts and promotions, further encouraging consumers to shop online.
• Consumers have increasingly become accustomed to purchasing large appliances online, resulting in a notable increase in online sales of built-in electric ovens. Additionally, online platforms are utilizing advanced technologies such as virtual reality and augmented reality to enhance the shopping experience, allowing consumers to visualize how appliances will integrate into their kitchens.
• These factors would further supplement the global market during the forecast period.