Global High Speed Oven Market Growth, Trends and Forecasts
The high speed oven industry is expected to show approx. 6% CAGR from 2016 to 2022 according to the latest study offered by DecisionDatabases.com. High speed ovens are used to combine all the cooking methods – convection, grill, steam, microwave in order to cook food quicker. The report defines the complete market dimensions, analysing and evaluating the future growth. The industry experts do anticipate a surge in future demand of this market.
This market is foreseen to be driven by increasing urbanization across the globe and increasing disposable income. High-speed ovens are gaining huge popularity as they deliver food products of good quality in lesser time. Moreover, these ovens can bake pizzas, cookies, sub sandwiches and pastries in lesser time as compared to other ovens which are available in the market for cooking, reheating, and defrosting the food. The preference for high speed ovens is further increasing as high speed ovens works on the concept called catalyst technology, which converts the grease and volatile organic compounds into carbon dioxide and water and limits the gas emissions. This hybrid technology is making it popular in pubs, kiosks, quick-service restaurants, delicatessens, hotels and movie theatres to name some. The compactness and varied options it offers to food makers is further driving the demand for high speed oven market.
The research report segments this industry on the basis of products as Deck oven, Convection oven, Conveyor oven and Brick oven. Among these, convection oven segment accounts for the maximum market share and will continue to dominate the market during the forecast period. The most popular types of convection ovens are combination and hybrid convection ovens. They are popular because they require less time to bake the food. Combination ovens make use of both pressures less steam and convection heat to cook the food while hybrid convection ovens use microwave and air impingement technology to bake the food.
On the basis of geography, the report segments the industry into APAC, Europe, North America and ROW. Among all of the above, the market in North America is a major market for high speed ovens and is expected to grow at a significant rate because of the key factors that includes the growth of bakeries and pizzerias and also the increasing trend for renovating and remodelling food service establishments.
Some of the industry players that play a major role in the high speed oven market dynamics are Blodgett, Garland, Bakers Pride, TurboChef, Alto-Shaam, Vulcan, Doyon, Hobart, Southbend, Waring and Turbofan,GE,Sharp,Electrolux,Siemens,Bosch,Whirlpool (Jenn Air), Merrychef, Miele, ACP Solutions,Viking Range and MTechnology. The detailed profiling of the industry leaders with their extensive product-line and SWOT analysis is covered in the research report.
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