Oct 13, 2017   SOURCE: BusinessWire

Top 5 Vendors in the Global Residential Combination Steam Oven Market - Technavio

Technavio has announced the top five leading vendors in their recent global residential combination steam oven market report from 2017-2021. This market research report also lists six other prominent vendors that are expected to impact the market during the forecast period.

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Technavio has published a new report on the global residential combination steam oven market from 20 ...

Technavio has published a new report on the global residential combination steam oven market from 2017-2021. (Graphic: Business Wire)

Competitive vendor landscape

The global residential combination steam oven market is comparatively a very new market and still at a nascent stage. The presence of prominent players in this niche market will create opportunities for customers to select from a wide range of products. The leading vendors are focusing on offering a very diverse portfolio of products that includes both basic and innovative products. The major players in the market include Electrolux, Samsung, Robert Bosch, Haier, and Metall Zug Group. Some of the big conglomerates have a worldwide presence and have various brands under them selling combination steam ovens.

According to Tamal Saha, a lead analyst at Technavio for home, kitchen, and large appliances research, “Samsung markets combination steam oven under the brand names of Samsung and Dacor. Haier took over GE Appliances and now manufactures and sells combination steam oven under its brand name. These companies are leaders in the home appliances market but face competition from local brands and private label brands, such as SMEG, SUB-ZERO WOLF, and Bertazzoni, which also have a wide variety of products and are mostly available in local markets.”

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Technavio market research analysts identify the following key vendors:

Electrolux

Electrolux designs and manufactures home appliances via three segments, namely small appliances, major appliances, and professional products. Major appliances are fridges, washing machines, freezers, stoves, ovens, microwaves, and air conditioners. Small appliances include small domestic appliances, vacuum cleaners, and accessories. Professional products comprise equipment for foodservice and professional-grade laundry solutions.

Haier

Haier is a multinational company that designs, manufactures, and markets consumer electronics and home appliances such as refrigerators, television sets, freezers, washers, consumer electronic appliances, and integrated kitchenware. Haier runs its appliances business through Haier Electronics Group. The company is involved in the manufacturing, marketing, and sales of upstream matching accessories for household appliances as well as the manufacturing and sales of mold.

Metall Zug Group

Metall Zug Group designs, manufactures, and markets products under Household Appliances, Infection Control, and Wire Processing segments. Under the Infection Control segment, it has Belimed Group. Under the Wire Processing segment, it has the Schleuniger Group. The company manufactures products for laundry, kitchen, gastronomy sector as well as provide services for the same.

Robert Bosch

Robert Bosch is a multinational company that provides electronics and engineering solutions. The following are the four business segments under which the company runs its operations: mobility solutions, consumer goods, industrial technology, and energy and building technology. The company is a home appliance manufacturer, which sells products such as ovens, microwaves, freezers, washers dryers, dishwashers, refrigerators, and vacuum cleaners under various brands.

Samsung

Samsung has three business segments, namely IT and mobile communications, device solutions, and consumer electronics. Samsung designs, manufactures, and markets various consumer electronics such as digital TVs, color monitors, DVD players, computers, LCD panels, and printers as well as mobile communications devices such as smartwatches, smartphones, tablets. Under device solutions, it offers product like solid-state drive (SSD), dynamic random-access memory (DRAM), and NAND flash.

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