High Speed Oven Market Growth, Top Company Analysis And Forecast 2022-2031 | Electrolux AB, Siemens AG, Bosch, Whirlpool Corporation, Merrychef

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The global high speed oven market report by the business research company identifies the increased exposure of hotels, restaurants, and cafes has been a major growth driver for the high speed oven market. Hotel F&B venues and their designers are being compelled to adapt and engage customers with concepts that highlight both convenience and experience as food delivery consumption habits develop and buying a restaurant-quality meal for delivery becomes easier than ever. According to HGEM, two-thirds of hotel guests have used delivery apps such as Deliveroo, JustEat, GrubHub, and others to get food directly to their room, with 71% of guests aged 26-35 preferring delivery apps to in-house restaurants. In the future years, the trend of people ordering into hotels is expected to increase by 83%. Hence, the greatest challenge of any food aggregator in the F&B industry, in order to derive the best possible operational efficiency, would be to reduce delivery and service time through technologically advanced equipment such as high-speed ovens. Therefore, the increased exposure of hotels, restaurants, and cafes is expected to boost demand for high-speed ovens during the forecast period.

The global high-speed oven market size is expected to grow from $3.28 billion in 2021 to $3.56 billion in 2022 at a compound annual growth rate (CAGR) of 8.73%. The global high-speed oven market size is expected to grow to $4.66 billion in 2026 at a compound annual growth rate (CAGR) of 6.94%.

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North America was the largest region in the high-speed oven market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global high-speed oven market during the forecast period. The regions covered in the global high-speed oven market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the high-speed oven market are General Electric Company, Sharp Corporation, Electrolux AB, Siemens AG, Bosch, Whirlpool Corporation, Merrychef, Miele, ACP Solutions, Alto-Shaam, TurboChef Technologies, Viking Range, SMEG S.p.A., The Middleby Corp, and Cookkart.

The global high speed oven market is segmented -
1) By Type: Built In, Countertop

2) By Wattage: 1000 - 1250 Watts, 1250 - 1500 Watts, 1500 - 1750 Watts, 1750 - 2000 Watts, 2000 - 2250 Watts, 2250 - 4500 Watts, 4500 - 6000 Watts, Above 6000 Watts

3) By Sales Channel: Hypermarket/Supermarket, Specialty Stores, Online Channels

4) By End User: Residential, Commercial

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The High speed oven Market Report Contents Include
1. Executive Summary
2. High Speed Oven Market Characteristics
3. High Speed Oven Market Trends And Strategies
4. Impact Of COVID-19 On High Speed Oven
5. High Speed Oven Market Size And Growth
....
26. Africa High Speed Oven Market
27. High Speed Oven Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The High Speed Oven Market
29. High Speed Oven Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the high speed oven market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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