Market Overview:
The global rapid 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 rapid ovens from commercial appliances and home appliances applications. Rapid ovens are gaining popularity due to their ability to cook food quickly and evenly, without compromising on the taste or quality of the food. Additionally, rising disposable income levels and growing awareness about healthy eating habits are also contributing towards the growth of this market.
Product Definition:
A rapid oven is a type of oven that cooks food faster than a traditional oven. The importance of a rapid oven is that it can cook food faster, which can save time.
Build-in:
Build-in is a new term in the kitchen appliances industry. It means, an appliance that is built into another product or into the wall. The most common examples of build-in are microwave ovens which are built into many modern day kitchens and free standing ranges which were previously built into cook tops and cupboards. However, there are other types of build-ins such as refrigerators with washers and dryers, dishwashers etc.
Counter Top:
Counter top is the part of a kitchen counter and it's used in rapid ovens. It helps to raise the food above the surface level for faster cooking. The size of this device ranges from 6 inches to 24 inches wide and it can be fixed on any type of kitchen countertop including granite, laminate, or glass top.
Application Insights:
The commercial appliances segment held the largest share of over 70.0% in 2017. The rapid ovens are widely used in restaurants, hotels and other food service industries for preparing various foods including pizza, chicken wings, bacon wrapped filet mignon and breaded shrimp among others at a fast pace. These appliances are also used by several food chains for reheating their products to provide them piping hot condition.
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 demand in this region over the forecast period.
North America was valued at USD X million in 2017 as it is one of the prominent markets for rapid ovens across the globe due to its advanced cooking technology coupled with high purchasing power of consumers. Moreover, presence of well-established manufacturing companies will continue boosting growth over next eight years owing to their strong distribution channels which they have been building through decades will also help them gain higher market share eventually making it one of largest regions by 2030 time frame.
Europe accounted for more than 25% revenue share in 2017 on account that most rapid ovens sold worldwide are manufactured there while Germany held majority shares followed by Italy.
Growth Factors:
- Rapid ovens are becoming increasingly popular in the commercial foodservice industry, as they offer a quick and efficient way to cook food. This is driving rapid oven sales growth in the commercial segment.
- Rapid ovens are also becoming more popular in the residential market, as consumers become more interested in cooking healthy meals quickly. This is helping to drive rapid oven sales growth among homeowners.
- Rapid oven technology is continuing to improve, making them faster and more energy-efficient than ever before. This is helping to fuel demand for rapid ovens among both commercial and residential consumers alike.
- The popularity of meal delivery services has helped to increase awareness of rapid ovens among consumers, as these services often require food that can be cooked quickly and easily using a microwave or an air fryer appliance like a rapid oven . This is helping to drive demand for these appliances among both first-time and experienced buyers alike .
Scope Of The Report
Report Attributes
Report Details
Report Title
Rapid Oven Market Research Report
By Type
Build-in, Counter Top
By Application
Commercial Appliances, Home Appliances
By Companies
Haier (GE), Bosch, Whirlpool (Jenn-Air), Sharp, Siemens, Miele, Electrolux, Welbilt (Merrychef), TurboChef Technologies, Viking Range, Alto-Shaam, Ali Group (ACP Solutions), MTI
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Rapid Oven Market Report Segments:
The global Rapid Oven market is segmented on the basis of:
Types
Build-in, Counter Top
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:
- Haier (GE)
- Bosch
- Whirlpool (Jenn-Air)
- Sharp
- Siemens
- Miele
- Electrolux
- Welbilt (Merrychef)
- TurboChef Technologies
- Viking Range
- Alto-Shaam
- Ali Group (ACP Solutions)
- MTI
Highlights of The Rapid 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
- Counter Top
- 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 Rapid 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
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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?
Rapid ovens are a type of electric oven that can cook food quickly. They typically have a higher wattage than regular ovens, which allows them to cook food faster.
Some of the key players operating in the rapid oven market are Haier (GE), Bosch, Whirlpool (Jenn-Air), Sharp, Siemens, Miele, Electrolux, Welbilt (Merrychef), TurboChef Technologies, Viking Range, Alto-Shaam, Ali Group (ACP Solutions), MTI.
The rapid oven market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rapid 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. Rapid Oven Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rapid Oven Market - Supply Chain
4.5. Global Rapid Oven Market Forecast
4.5.1. Rapid Oven Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rapid Oven Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rapid Oven Market Absolute $ Opportunity
5. Global Rapid 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. Rapid Oven Market Size and Volume Forecast by Type
5.3.1. Build-in
5.3.2. Counter Top
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rapid 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. Rapid 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 Rapid 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. Rapid 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 Rapid 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. Rapid 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 Rapid Oven Demand Share Forecast, 2019-2026
9. North America Rapid 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 Rapid 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 Rapid 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 Rapid Oven Market Size and Volume Forecast by Type
9.7.1. Build-in
9.7.2. Counter Top
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 Rapid Oven Demand Share Forecast, 2019-2026
10. Latin America Rapid 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 Rapid 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 Rapid 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 Rapid Oven Market Size and Volume Forecast by Type
10.7.1. Build-in
10.7.2. Counter Top
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 Rapid Oven Demand Share Forecast, 2019-2026
11. Europe Rapid 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 Rapid 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 Rapid 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 Rapid Oven Market Size and Volume Forecast by Type
11.7.1. Build-in
11.7.2. Counter Top
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/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 Rapid Oven Demand Share, 2019-2026
12. Asia Pacific Rapid 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 Rapid 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 Rapid 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 Rapid Oven Market Size and Volume Forecast by Type
12.7.1. Build-in
12.7.2. Counter Top
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 Rapid Oven Demand Share, 2019-2026
13. Middle East & Africa Rapid 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 Rapid 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 Rapid 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 Rapid Oven Market Size and Volume Forecast by Type
13.7.1. Build-in
13.7.2. Counter Top
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 Rapid Oven Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rapid Oven Market: Market Share Analysis
14.2. Rapid Oven Distributors and Customers
14.3. Rapid Oven Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Haier (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. Bosch
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Whirlpool (Jenn-Air)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sharp
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Miele
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Electrolux
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Welbilt (Merrychef)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TurboChef Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Viking Range
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Alto-Shaam
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ali Group (ACP Solutions)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. MTI
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
