Global Smart Pizza Oven Market size to grow at 7.2% CAGR from 2024-2030.

GLOBAL SMART PIZZA OVEN MARKET

The main challenges affecting the global smart pizza oven market are their expensive upfront and recurring costs. Smart pizza ovens can be costly, depending on the types and styles accessible, which may prevent thrifty people from adopting them. Since these ovens have multiple temperature settings, they're considerably more expensive than traditional ones. Furthermore, because smart pizza ovens demand specific raw materials, which might not be easy to find, their manufacturing costs are significant. As a result, these challenges hinder the global smart pizza oven market from growing.

While the technology is top-of-the-line, the Global Smart Pizza Oven market faces numerous challenges. For starters, consumers have to bear with high initial and maintenance costs. Smart pizza ovens can be expensive depending on important factors like size, model, and style. Additionally, the availability of traditional pizza ovens that also have multi-heating modes are priced at much cheaper rates than smart pizza ovens. It is also important to address the challenges that smart pizza ovens pose to manufacturers, as the manufacturing costs of smart pizza ovens are much higher owing to the fact that they require raw materials that are not widely available. Therefore, these facts impact the growth of the Global Smart Pizza Oven Market.

There are exceptionally lucrative opportunities in the global Smart Pizza Oven Market. The very presence of pizza ovens that increase efficiency, provide exceptional convenience, precision cooking, and smart energy preservation attracts a rather diverse consumer base. For instance, the emergence of cloud kitchens has increased the market size for smart pizza ovens as these ovens specialize in reducing costs, labour, and time. Apart from this, businesses that specialize in manufacturing and distributing smart pizza ovens stand to gain a plethora of advantages in the form of having a diverse consumer base and targeting emerging, thriving economies like India, Turkey, Mexico, and Brazil.

The COVID-19 pandemic has had a significant impact on the global smart pizza oven market. The demand for smart pizza ovens decreased as a result of severe lockdowns, travel restrictions, and social distancing measures. The pandemic's impact on the market's supply network has also resulted in delays in the timely production and delivery of products.

Tovala, an established manufacturer of connected food, broadened its range of cloud-connected smart ovens with the arrival of the Tovala Smart Oven Air Fryer in February 2023. With the help of the new appliance's automated cook cycles and easy barcode or QR code scanning capabilities, consumers may enjoy flawlessly cooked meals. The Trattoria Pizza Oven was launched by GE Profile's Innovation Studio in July 2021. It is an innovative home appliance that enables users to make pizza of restaurant quality with a regular range. The Trattoria Pizza Oven delivers exceptional features thanks to a blend of cutting-edge precision algorithms and the pizza-loving engineering expertise of Innovation Studio. June Life Inc. launched its third-generation oven in October 2020. It features better hardware and software, providing an enhanced smart cooking experience.

KEY MARKET INSIGHTS:

• Based on Connectivity Technology, The maximum market share in 2023 was held by the wi-fi segment. The increase can be linked to the launch of smart pizza ovens with Wi-Fi connectivity by notable corporations like Electrolux AB, Samsung Electronics Co., Ltd., Whirlpool Corporation, and Haier Group Corporation. Users are able to track and control their smart pizza ovens from far away because of the integration of Wi-Fi connectivity technology, which enhances convenience and enables seamless interaction within the smart home ecosystem.
• Based on End User, in 2023, the Commercial segment had the largest market share. The increase in growth can be attributed to the growing use of smart pizza in commercial settings, which include food service facilities like as restaurants and hotels. Because of its many uses, smart pizza ovens are a must-have device for commercial kitchens that value efficiency and versatility. It is expected that the growth of the food service industry, which encompasses a variety of establishments such as cafeterias, restaurants, bars, and coffee shops, will have a substantial impact on the global smart pizza oven market.
• Based on Distribution Channel, in 2023, the e-commerce industry had the largest market share. The growth can be explained by people's extensive consumption of online shopping and e-commerce platforms. For smart pizza ovens, e-commerce platforms offer simple clarity, authenticity, the best prices, an easy way to pay with EMIs, and first-rate customer support. People might choose the smart pizza ovens of their preference from the variety that is offered on internet platforms.
• Based on Region, in 2023, the European Union represented the biggest portion of the global smart pizza oven market. Some of the primary factors pushing the region's growth are the early and widespread use of smart oven pizzas in the residential and hospitality sectors in addition to the rich culinary heritage in nations like Italy, France, Spain, and Greece. Many Europeans have a special place in their hearts for pizza.
• Over the projected time frame of 2023–2030, the Asia-Pacific area is expected to grow at the quickest pace due to the expansion of the residential sector and the rise in individual disposable income.
• Companies playing a major role in Smart Pizza Oven Market profiled in this report are: Breville Pty. Ltd., Sage Appliances GmbH, June Life, Inc., Ooni Limited, Gozney Group Ltd., Whirlpool Corporation, Qstoves Inc., Haier Group Corporation, and Robert Bosch GmbH, Samsung Electronics Co., Ltd.

MARKET SEGMENTATION

By Connectivity Technology:

• Bluetooth
• Cellular Network
• Wi-Fi
• ZigBee
• Others

By End User:

• Residential
• Commercial

By Distribution Channel:

• Speciality stores
• Supermarkets/Hypermarkets
• E-commerce
• Others

By Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle-East and Africa

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