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High Speed Oven Market by Type,, End User, and Sales Channel : Global Opportunity Analysis and Industry Forecast, 2021–2030

High Speed Oven Market by Type,, End User, and Sales Channel : Global Opportunity Analysis and Industry Forecast, 2021–2030

  • October 2021
  • 225 pages
  • ID: 6193454
  • Format: PDF
  • Allied Market Research

Summary

Table of Contents

High Speed Oven Market by Type, (Built-In and Countertop), End User (Residential and Commercial), and Sales Channel (Hypermarkets/Supermarkets, Specialty Stores, and Online Channels): Global Opportunity Analysis and Industry Forecast, 2021–2030

High speed ovens are ovens that can cook food faster than conventional ovens. These ovens can reduce cooking times for food anywhere form thirty percent to fifty percent. The two main types of high speed ovens are built in high speed ovens that are built into kitchen walls and countertop high speed ovens that can be placed anywhere on kitchen counters. Most of the high speed ovens are used for commercial use, however, certain smaller high speed ovens can also be used for residential purposes.
Changing lifestyle pattern of individuals has increased the demand for ready-to-eat foods which are also healthy and nutritious. Working population of the society prefer using ovens for cooking such food items due to time constraints, hectic life schedules, ease of cooking and use of less oil while cooking the food. Increasing popularity of frozen and ready-to-eat food products among customers has significantly boosted the demand for high speed ovens. The need to remain healthy while having less time and avoiding meals cooked outside are also promoting the demand of high speed ovens. As high speed ovens are providing additional benefits when compared to traditional ovens, demand for such ovens is likely to increase substantially in the coming years.
Many countries across the world, especially in the Asia-Pacific and LAMEA region are in various stages of development. The people in these regions mainly belong to the middle income category. However, as these countries are progressing, their lifestyles are improving as well. There is a lot of migration to urban areas, and the rural areas are also slowly developing. The standard of living of the people in these regions is increasing rapidly. They are getting increased exposure to different parts of the world and are learning about technologies and trends in the developed countries. There is also a lot of foreign investment in developing countries, especially countries like India, Vietnam, and Malaysia to name few. This investment is bringing a novel products in such countries, including high speed ovens. Local manufacturers are also getting influenced by such products and are entering into the market. Increasing disposable income, rapid urbanization and growing product awareness to provide lucrative opportunities for the engaged stakeholders.
The hospitality industry, including full-service restaurants, catering, and quick service restaurants, has resumed its business by adhering to stringent hygiene guidelines. Moreover, restaurants are adopting the trend of home delivery and pick up models due to the pandemic, which, in turn, has prompted restaurants to spend on the equipment, thus augmenting the growth of the high speed ovens.
The global high speed oven market is segmented on the basis of type, end user, sales channel, and region. Based on type, the global market is bifurcated into built in and countertop ovens. By end user the market is segmented into residential and commercial. Based on sales channel the global market is studied across hypermarkets/supermarkets, specialty stores, and online channels. The global high speed oven market is also studied across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players profiled for in the high speed oven market analysis include Bosch, Breville Group Limited, Cookkart, Electrolux AB, Kanteen India Equipments Co., Miele & Cie KG, Panasonic, SMEG S.p.A., The High Speed Oven Company, and Whirlpool Corporation. Other prominent players analyzed in the report are GE, Sharp, Siemens, Welbilt, TurboChef Technologies, Viking Range, Alto-Shaam, Ali Group (ACP Solutions), and MIT.
High Speed Oven Market Segments

By Type
• Built In
• Countertop

By End User
• Residential
• Commercial

By Sales Channel
• Hypermarket/Supermarket
• Specialty Stores
• Online Channels

By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Brazil
o Argentina
o Saudi Arabia
o United Arab Emirates
o South Africa
o Rest of LAMEA

Key Market Players
• Bosch
• Breville Group Limited
• Cookkart
• Electrolux AB
• Kanteen India Equipments Co.
• Miele & Cie KG
• Panasonic
• SMEG S.p.A.
• The High Speed Oven Company
• Whirlpool Corporation

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