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

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

LONDON–(BUSINESS WIRE)–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.

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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