Acknowledging the kind of traction gained by this market, recently published a study report asserts the Lab Furniture market is expected to reach USD 2247.5 million by 2027, registering a phenomenal CAGR of 4.9% during the review period (2022 to 2027).
High Speed Oven Market Overview
High speed ovens are special ovens that are designed to cook food faster than regular ovens. These ovens use two or more than two heat transmission methods such as microwaves, contact heating, convection, air impingement, and steam cooking to reduce the culinary time of food by 20-50%. Commercial establishments like cafes, hotels, and eateries need appliances like high-speed ovens to professionally achieve their everyday operations. Propagation of food service establishments is leading to an increase in the purchase of high-speed ovens. Many industrialists are setting up new cafes and restaurants as a way to convert their passion or hobbies in to livelihoods. Similarly, many hotels are also being set up, or large chains of hotels are expanding their trades into new locations. As such establishments require constant cooking processes that need to be quick, adoption of high-speed ovens is high in order to increase operational efficiency. These appliances also help smaller food outlets and cafes in upholding the equilibrium amid orders and distribution time. With expansion of such formations, the demand for high-speed oven is likely to upsurge in coming years.
High Speed Oven Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global High Speed Oven Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
Who are the Major Players in High Speed Oven Market?
Top Key players in the High Speed Oven Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global High Speed Oven Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes GE, Sharp, Electrolux, Siemens, Bosch, Whirlpool (Jenn-Air), Merrychef, Miele, ACP Solutions, Alto-Shaam, TurboChef Technologies, Viking Range, MIT and others.
Industry News -
March 24, 2021: TurboChef Announces the Next Breakthrough in Cooking Technology
TurboChef Technologies, LLC, a leader in accelerated cooking technologies, and a Middle by Corporation company (NASDAQ: MIDD), introduces PLEXOR, a generational advancement in ventless, automated, modular, and high-speed cooking.
February 1, 2022: Merrychef Unveils Game Changing ConneX
Colin Lacey, VP and Managing Director of Merrychef is delighted to announce the revolutionary new range, “This range will break new ground in the high speed oven sector. Merrychef has been delivering market leading performance and reliability for over 70 years and with conneX it has just taken yet another huge step forward. Addressing sector demands for space, speed and ease of use, the game changing connectivity sets conneX apart from any other equipment.
What are the major Applications, Types and Regions for High Speed Oven Market?
High Speed Oven Market is segmented based on the type, applications, companies and regions.
By Type, High Speed Oven Market has been segmented into
- Build-in High Speed Oven
- Counter top High Speed Oven
The end user’s industry application on High Speed Oven Market is,
- Commercial Appliances
- Home Appliances
Regional Analysis:
Europe held the largest market share in 2020, accounting for more than two-fifths of the global high-speed oven market. Simultaneously, the Asia-Pacific region is expected to have the highest CAGR of 6.7 percent over the forecast period. North America and LAMEA are two more provinces mentioned in the report.North America accounts for major chunk of the market generating the market revenue of more than 40%. Following North America is Europe and East Asia which are anticipated to grow with a CAGR of more than 6% over the forecast period.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our High Speed Oven Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 4.9% during the review period (2022 to 2027).
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By Type
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- Build-in High Speed Oven
- Counter top High Speed Oven
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By Application
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- Commercial Appliances
- Home Appliances
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By Companies
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GE, Sharp, Electrolux, Siemens, Bosch, Whirlpool (Jenn-Air), Merrychef, Miele, ACP Solutions, Alto-Shaam, TurboChef Technologies, Viking Range, MIT
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2022
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Forecast Year
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2022 to 2027
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Customization Available
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Yes, the report can be customized as per your needs
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The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during COVID19 Pandemic. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.
Key Takeaways from this High Speed Oven Report
- Evaluate High Speed Oven market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the High Speed Oven market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Questions
What is the study period of this market?
The High Speed Oven Market is studied from 2022 - 2027.
What is the growth rate of High Speed Oven Market?
The High Speed Oven Market is growing at a CAGR of 4.3% over the next 5 years.
Who are the key players in High Speed Oven Market?
GE, Sharp, Electrolux, Siemens, Bosch, Whirlpool (Jenn-Air), Merrychef, Miele, ACP Solutions, Alto-Shaam, TurboChef Technologies, Viking Range, MIT
What are the significant types of High Speed Oven Market?
Build-in High Speed Oven, Counter top High Speed Oven
What are the major end-use applications of High Speed Oven Market?
Commercial Appliances, Home Appliances
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
