Press release
High Speed Oven Market: Soaring Demand Driven by Fast Cooking and Energy Efficiency Trends
High Speed Oven Market
Strong growth and a promising forecast for the High Speed Oven Market, as demand for speedy cooking, energy efficiency, and space-saving design skyrocket.
What Is The Projected Market Size Of The Global High Speed Oven Market And Its Growth Rate?
o The high speed oven market size grew to $4.16 billion in 2024 from $4.45 billion in 2025, showing a compound annual growth rate(CAGR) of 7.1%.
o The market size is expected to reach $6.5 billion in 2029, displaying a CAGR of 9.9%.
o Growth in historic period attributed to a rise in demand for fast cooking times, increased energy efficiency and demand for space-saving, consistent cooking design.
o In the forecast period, growth will be driven by increasing health-conscious consumers, rising contactless dining, and increasing commercial bakeries.
What Is Driving The Growth In The High Speed Oven Market?
The high-speed oven market is growing as hotels, restaurants, and cafes increasingly adapt to changing consumer habits, particularly around food delivery. HGEM reports that two-thirds of hotel guests now opt for food delivery apps like JustEat, GrubHub, and Deliveroo over in-house dining, with this preference especially prevalent (71%) among guests aged 26-35. With the trend of ordering into hotels projected to increase by 83% in the coming years, reducing service time via advanced equipment such as high-speed ovens will be critical for these businesses. This, in turn, is expected to drive the increasing demand for high-speed ovens.
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Who Are the Key Players Driving High Speed Oven Market Growth?
o General Electric Company
o Sharp Corporation
o Electrolux Group
o Siemens AG
o Robert Bosch GmbH
o Whirlpool Corporation
o Alto-Shaam Inc.
o Merrychef Ltd.
o TurboChef Technologies Inc.
o ACP Solutions Inc.
o Panasonic Corporation
o Miele Inc.
o Samsung Electronics Co. Ltd.
o LG Electronics Inc.
o Gorenje Group Inc.
o Blodgett Oven Company
o Hatco Corporation
o Lincoln Foodservice Products Inc.
o Middleby Corporation
o Rational AG
o Henny Penny Corporation
o Ovention Inc.
o A.J. Antunes & Co.
o ACP Inc.
o Doyon Equipment Inc.
o Moffat Limited
o Vollrath Company
o Waring Commercial
o Winston Industries LLC
o Vulcan LLC
What Are The Key Trends In The High Speed Oven Market?
Key trends in the market include:
o Compact and countertop models
o Improved user interfaces
o Ventless technology
o IoT connectivity
o Menu customization.
What Are The Segments Of The Global High Speed Oven Market?
o By Type: Built In, Countertop
o 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
o By Sales Channel: Hypermarket Or Supermarket, Specialty Stores, Online Channels
o By End User: Residential, Commercial
Which Region Leads The High Speed Oven Market?
North America held the largest share in the high-speed oven market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the years to come. Other regions covered in the high speed oven market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The High Speed Oven Market Global Market Report?
-In-depth Analysis: Analyze the High Speed Oven Market size by key regions, countries, product types, and applications.
- Key Player Focus: Scrutinize key players to gauge market value, share, and competitive landscape.
- Growth Trends Analysis: Study individual growth trends and prospects in the Market.
- Market Contribution: Deduce contributions of different segments to the overall High Speed Oven Market growth.
- Competitive Developments: Investigate competitive developments like expansions, agreements, and new product launches in the market.
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