About High Speed Oven
Changing consumer lifestyle is boosting the growth of high speed oven. High speed oven is an accelerated cooking machine which cooks faster than the other equipment. It is compact in design and equipped with multiple cooking methods which speeds up the process. Moreover, it is 5 to 20 times faster than traditional oven depending on the cooking options. High speed ovens are available in different range as per power, capacity and others. Hence, better control and time saving potential is increasing the demand among the consumers.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Germany Vendors will contribute the maximum growth to Global High Speed Oven market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GE appliances (United States), Siemens (Germany), Bosch (Germany), Miele (Germany), Sharp (Japan), Merrychef (United States), Electrolux (Sweden), Alto-Shaam (United States), Whirlpool (United States) and Turbo Chef Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Viking Range (United States).
Segmentation Overview
AMA Research has segmented the market of Global High Speed Oven market by Type (Microwave, Convection, Impingement, Infrared and Contact), Application (Commercial Appliances and Home Appliances) and Region.
On the basis of geography, the market of High Speed Oven has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Control type , the sub-segment i.e. Touch panel will boost the High Speed Oven market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Capacity, the sub-segment i.e. 10 to 20 litres will boost the High Speed Oven market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution channel, the sub-segment i.e. Online will boost the High Speed Oven market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing Consumer Lifestyle
Market Growth Drivers:
Rising popularity of ovens is fueling the market growth. High speed ovens are becoming popular in bakeries, canteen, restaurants and others service stations. In addition, increasing consumption of fast foods among the consumers is adding to the usage of ovens. These factors are contributing towards the market growth.
Restraints:
High Costs of High Speed Ovens may hinder the Growth
Opportunities:
Increasing Disposable Income is Boosting the Growth and Growing Usage of Smart Appliances among the Consumers
Market Leaders and their expansionary development strategies
In December 2023, Louisville-based GE Appliances, a Haier company, has entered a partnership with the Kroger Co., which it says brings culinary creativity, convenience and a new way to discover recipes and buy ingredients.
In October 2019, Haier has launched new range of microwaves in India. It comes with five power levels that are High, Medium to high, Medium, Medium to low and low.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.