Market Overview:
The global high speed oven market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high speed ovens from commercial and home appliances applications. Additionally, the growing trend of modular kitchens is also contributing to the growth of this market. On the basis of type, the global high speed oven market can be segmented into build-in high speed oven and counter top high speed oven. The build-in highspeed oven segment is expected to account for a larger share of this market in 2018 owing to its growing popularity among consumers for its space efficiency and sleek design. On the basis of application, commercial appliances and home appliances are two key segments considered in this study.
Product Definition:
A high speed oven is a type of oven that cooks food using hot air. The air is circulated around the food at high speeds, which causes it to cook quickly. High speed ovens are often used in restaurants because they can cook food quickly and efficiently.
Build-in High Speed Oven:
Build-in high speed oven is a function of advanced cooking technology, which can heat the food at a faster rate. It can also maintain and monitor the internal temperature of the appliance. The build-in feature in high speed oven helps to achieve even baking and heating throughout its surface, due to which it consumes less energy as compared to other conventional appliances with separate features for heating and baking functions.
Counter top High Speed Oven:
Counter top high speed oven is a kitchen appliance which helps to cook food fast by maintaining the temperature and humidity of the kitchen. It’s an electric cooking range with a glass door, digital display, multiple settings and functions like keep warm, convection bake etc.
It has different types of heating elements like hot air convection, microwave radiation or infrared which can be used in various ways according to requirement.
Application Insights:
The commercial appliances segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing adoption of high-speed ovens for preparing food for a large number of people in restaurants and hotels. These products are also used at home by consumers preparing frozen meals, snacks, and other fast foods. High-speed ovens are widely used in commercial applications as they offer consistent performance irrespective of the size or volume of food being cooked.
Commercial application witnessed significant growth owing to its use at home by consumers cooking frozen meals, snacks, and other fast foods such as pizza.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for fast food and bakery products at the domestic level. Furthermore, rising disposable income levels and changing consumer preferences towards convenient options are likely to boost product sales in this region over the forecast period.
Europe accounted for more than 25% share of global revenue in 2017 owing to high adoption rate of advanced kitchen appliances among consumers, especially those living alone or with roommates. Moreover, growing trend towards nuclear families coupled with hectic work schedules is anticipated bode well for regional growth over the next eight years.
Growth Factors:
- Increasing demand for processed food: The growth of the high-speed oven market is mainly driven by the increasing demand for processed food. This is because high-speed ovens offer several benefits such as improved quality, shorter cooking time, and energy efficiency over traditional cooking methods.
- Rising disposable income: Another key driver for the growth of the high-speed oven market is rising disposable income, which has led to an increase in consumer spending on processed food products.
- Technological advancements: The development of new technologies has helped to drive the growth of the high-speed oven market by offering better performance and features such as programmable controls and timers that make them easier to use.
- Growing popularity of healthy eating habits: There is a growing trend among consumers towards healthy eating habits, which has led to an increase in demand for healthier processed foods that can be cooked quickly using a high-speed oven.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Speed Oven Market Research Report
By Type
Build-in High Speed Oven, Counter top High Speed Oven
By Application
Commercial Appliances, Home Appliances
By Companies
GE, Sharp, Electrolux, Siemens, Bosch, Whirlpool (Jenn-Air), Merrychef, Miele, ACP Solutions, Alto-Shaam, TurboChef Technologies, Viking Range, MIT
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global High Speed Oven Market Report Segments:
The global High Speed Oven market is segmented on the basis of:
Types
Build-in High Speed Oven, Counter top High Speed Oven
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Appliances, Home Appliances
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE
- Sharp
- Electrolux
- Siemens
- Bosch
- Whirlpool (Jenn-Air)
- Merrychef
- Miele
- ACP Solutions
- Alto-Shaam
- TurboChef Technologies
- Viking Range
- MIT
Highlights of The High Speed Oven Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Build-in High Speed Oven
- Counter top High Speed Oven
- By Application:
- Commercial Appliances
- Home Appliances
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Speed Oven Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A high-speed oven is a type of oven that cooks food at a much faster rate than traditional ovens. This allows for foods to be cooked in a shorter amount of time, which can result in them being more evenly cooked.
Some of the major players in the high speed oven market are GE, Sharp, Electrolux, Siemens, Bosch, Whirlpool (Jenn-Air), Merrychef, Miele, ACP Solutions, Alto-Shaam, TurboChef Technologies, Viking Range, MIT.
The high speed oven market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Speed Oven Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Speed Oven Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Speed Oven Market - Supply Chain
4.5. Global High Speed Oven Market Forecast
4.5.1. High Speed Oven Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Speed Oven Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Speed Oven Market Absolute $ Opportunity
5. Global High Speed Oven Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Speed Oven Market Size and Volume Forecast by Type
5.3.1. Build-in High Speed Oven
5.3.2. Counter top High Speed Oven
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Speed Oven Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Speed Oven Market Size and Volume Forecast by Application
6.3.1. Commercial Appliances
6.3.2. Home Appliances
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Speed Oven Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Speed Oven Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Speed Oven Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Speed Oven Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Speed Oven Demand Share Forecast, 2019-2026
9. North America High Speed Oven Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Speed Oven Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Speed Oven Market Size and Volume Forecast by Application
9.4.1. Commercial Appliances
9.4.2. Home Appliances
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Speed Oven Market Size and Volume Forecast by Type
9.7.1. Build-in High Speed Oven
9.7.2. Counter top High Speed Oven
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Speed Oven Demand Share Forecast, 2019-2026
10. Latin America High Speed Oven Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Speed Oven Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Speed Oven Market Size and Volume Forecast by Application
10.4.1. Commercial Appliances
10.4.2. Home Appliances
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Speed Oven Market Size and Volume Forecast by Type
10.7.1. Build-in High Speed Oven
10.7.2. Counter top High Speed Oven
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Speed Oven Demand Share Forecast, 2019-2026
11. Europe High Speed Oven Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Speed Oven Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Speed Oven Market Size and Volume Forecast by Application
11.4.1. Commercial Appliances
11.4.2. Home Appliances
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Speed Oven Market Size and Volume Forecast by Type
11.7.1. Build-in High Speed Oven
11.7.2. Counter top High Speed Oven
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveess/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Speed Oven Demand Share, 2019-2026
12. Asia Pacific High Speed Oven Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Speed Oven Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Speed Oven Market Size and Volume Forecast by Application
12.4.1. Commercial Appliances
12.4.2. Home Appliances
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Speed Oven Market Size and Volume Forecast by Type
12.7.1. Build-in High Speed Oven
12.7.2. Counter top High Speed Oven
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Speed Oven Demand Share, 2019-2026
13. Middle East & Africa High Speed Oven Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Speed Oven Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Speed Oven Market Size and Volume Forecast by Application
13.4.1. Commercial Appliances
13.4.2. Home Appliances
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Speed Oven Market Size and Volume Forecast by Type
13.7.1. Build-in High Speed Oven
13.7.2. Counter top High Speed Oven
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Speed Oven Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Speed Oven Market: Market Share Analysis
14.2. High Speed Oven Distributors and Customers
14.3. High Speed Oven Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sharp
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Electrolux
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bosch
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Whirlpool (Jenn-Air)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Merrychef
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Miele
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ACP Solutions
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Alto-Shaam
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TurboChef Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Viking Range
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. MIT
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
