High Speed Ovens Market is currently witnessing a period of stable growth
About
High
Speed
Ovens
market
Advancement in technology has led
to improvements in the quality of products that we use on a daily
basis. Microwave ovens have become a staple in households around the
world, with manufacturers launching upgrades and new versions on a
consistent basis. However, there has been a tectonic shift in the
technology on which microwave ovens are based. The development of new
technology has led to the development of high speed ovens that have
been touted to cook food three to five times faster than conventional
ovens.
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The combination of microwave
technology with convection technology has led to faster cooking
times. In addition to faster cooking times, the use of new technology
has also led to increased moisture retention as a result of
concurrent cooking. A majority of high speed ovens come equipped with
pre-defined programs for standard menus, which further reduces the
cooking time. High speed ovens also usually don’t require special
cookware, which is fuelling their adoption among consumers who are
not interested in spending extra money on buying cookware. On the
back of these factors, the global high speed ovens market is
currently witnessing a period of stable growth.
global high speed ovens market
Although the outlook on global
high speed ovens market is positive, there are a host of factors that
are impeding their growth. Small oven cavities have presented a
challenge in the amount of food that can be cooked at once in high
speed ovens. Further, massive differences between the exterior of the
oven and interior can create space issues for consumers. Further,
relatively higher price of high speed ovens can impede adoption
during the assessment period.
According
to a latest research report by Fact.MR, the global high speed ovens
market is likely to reach a valuation of 1,631’000 units by the end
of 2026. North America continues to be the largest market for high
speed ovens globally. The demand for high speed ovens in North
America is led by surging adoption in urban centers of the US. The US
continues to account for
a leading share of the North America high speed ovens market, and the
trend is likely to continue throughout the forecast period as well.
According to the report, the sales of high speed ovens in the US is
likely to reach 553’000 units by the end of the forecast period.
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High speed ovens are available in
two types – build-in high speed oven and counter top high speed
oven. Among these, the demand for latter is currently higher and the
status quo is likely to be the same during the assessment period as
well. The report projects over 1000’000 units of counter top high
speed ovens to be sold by the end of forecast period.
Price is one of the most important
influencing factors that determines to a great extent the uptake of
high speed ovens. Currently, the demand for mid-range high speed
ovens is the highest, however, there is slight difference in the
total number of sales of economy and premium products.
In addition to these insights, the
report also offers segmentation on the basis of application and
wattage. On the basis of application, the report has segmented the
market into commercial and household. By wattage, 1750 – 2000 watt
high speed ovens currently account for the highest demand.
The key companies profiled in the
report include ACP Solutions Alto-Shaam Inc., Bosch, Electrolux, GE
Corporation, Merrychef, Miele Inc., Sharp Corporation, Siemens,
TurboChef Technologies, Viking Range, and Whirlpool Corporation.
Table of Contents
1. Global Economic Outlook
2. Global High Speed Oven Market
- Executive Summary
3. Global High Speed Oven Market
Overview
3.1. Introduction
3.1.1. Global High Speed
Oven Market Taxonomy
3.1.2. Global High Speed
Oven Market Definition
3.2. Global High Speed Oven
Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global High Speed
Oven Market Y-o-Y Growth
3.3. Global High Speed Oven
Market Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. Pricing Analysis
3.7. PESTLE Analysis
3.8. Porters Five Force Analysis
3.9. Key Participants Market
Presence (Intensity Map) By Region
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