(MENAFN- PR Newswire)
NEW YORK, July 1, 2024 /PRNewswire/ --
The global commercial high-speed hybrid ovens market size is estimated to grow by USD 43.2 million from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of about 3.37% during the forecast period. Growing food service industry is driving market growth, with a trend towards increased adoption of integrated smart kitchen technology. However, long product replacement cycle poses a challenge. Key market players include Ali Group
S.r.l. A Socio Unico, Alto Shaam Inc., Atollspeed GmbH, Baker Perkins Ltd., Bertazzoni
Spa, Carbolite Gero Ltd., Celco Inc., Chefs Toys, Electrolux Professional AB, Haier Smart Home Co. Ltd., Hatco Corp., J L Lennard Pty Ltd., Markdraft, Panasonic Holdings Corp., Pratica USA, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Trufrost Cooling Pvt. Ltd., WELBILT INC., and Whirlpool Corp..
Continue Reading
Technavio has announced its latest market research report titled Global commercial high-speed hybrid ovens market 2024-2028
Get a detailed analysis on regions, market segments, customer landscape, and companies-
View the snapshot of this report
| Commercial High-Speed Hybrid Ovens Market Scope |
| Report Coverage |
Details |
| Base year |
2023 |
| Historic period |
2018 - 2022 |
| Forecast period |
2024-2028 |
| Growth momentum & CAGR |
Accelerate at a CAGR of 3.37% |
| Market growth 2024-2028 |
USD 43.2 million |
| Market structure |
Fragmented |
| YoY growth 2022-2023 (%) |
3.13 |
| Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
| Performing market contribution |
APAC at 39% |
| Key countries |
US, China, Germany, UK, and Canada |
| Key companies profiled |
Ali Group S.r.l. A Socio Unico, Alto Shaam Inc., Atollspeed GmbH, Baker Perkins Ltd., Bertazzoni
Spa, Carbolite Gero Ltd., Celco Inc., Chefs Toys, Electrolux Professional AB, Haier Smart Home Co. Ltd., Hatco Corp., J L Lennard Pty Ltd., Markdraft, Panasonic Holdings Corp., Pratica USA, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Trufrost Cooling Pvt. Ltd., WELBILT INC., and Whirlpool Corp. |
Market Driver
The commercial high-speed hybrid ovens market is experiencing growth due to the integration of advanced technologies. Bosch's Home Connect technology enables remote preheating, recipe discovery, and temperature monitoring. Smart features include hassle-free maintenance, alert systems, enhanced safety, and remote control. These ovens offer user-friendly interfaces, advanced functions, and aesthetic designs, driving market growth during the forecast period.
The Commercial High-Speed Hybrid Ovens market is experiencing significant growth due to the increasing demand for efficient and versatile cooking solutions. These ovens combine conventional and microwave technologies, providing faster cooking times and more even heating. The use of advanced features like temperature control, convection technology, and energy efficiency is driving trends in this market. Additionally, the ability to cook multiple dishes at once and the convenience of easy-to-use interfaces are key factors contributing to the popularity of high-speed hybrid ovens. Overall, the market is expected to continue growing as businesses seek to improve their foodservice operations and enhance customer experiences.
Research report provides comprehensive data on impact of trend. For more details-
Download a Sample Report
Market
Challenges
Commercial high-speed hybrid ovens in the market, from leading brands like Haier Group, Panasonic Corporation, and Whirlpool Corporation, are known for their durability. Made of stainless steel or robust metals, these appliances have extended replacement cycles. However, their constant contact with water during cleaning increases the risk of rusting. To address this, vendors use stainless steel or high-grade plastic materials and invest in research and development for longer operational life. Long product lifespan reduces frequent purchases, while adherence to regulations and low maintenance further contribute. This long replacement cycle is a challenge, but it's expected to fuel the growth of the global commercial high-speed hybrid ovens market.
The Commercial High-Speed Hybrid Ovens market faces several challenges. These ovens require advanced technology for combining convection and infrared heating. The integration of these technologies presents complex design issues. Additionally, the cost of these ovens can be high due to the use of advanced components. Energy efficiency is another challenge, as these ovens consume significant power. Furthermore, the market is competitive, with many players offering similar products. Regulations regarding food safety and energy efficiency also pose challenges for manufacturers. Lastly, keeping up with consumer demands for faster cooking times and even heating requires continuous innovation.
For more insights on driver and challenges
-
Request a sample report!
Segment Overview
This commercial high-speed hybrid ovens market report extensively covers market segmentation by
Product
1.1 Touchscreen
1.2 Digital
Distribution Channel
Geography
3.1 North America
3.2 Europe
3.3 APAC
3.4 South America
3.5 Middle East and Africa
1.1 Touchscreen- The touchscreen commercial high-speed hybrid ovens market is growing due to their user-friendly interface and ability to store numerous custom programs. Companies like Welbilt and Middleby offer ovens with over 500 programs. However, challenges such as touchscreen damage, high servicing costs, and unresponsive screens can impact operational efficiency and increase costs. Despite the higher price of around USD12,500 compared to digital ovens at USD11,500, the touchscreen interface remains popular among end-users.
For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) - Download a Sample Report
Learn and explore more about
Technavio's in-depth research reports
The global Facilities Management Market is experiencing robust growth, driven by increased urbanization and a focus on operational efficiency. This market encompasses a range of services, from maintenance to energy management, ensuring optimal functionality of facilities. Concurrently, the global Industrial HVAC Market is expanding, fueled by advancements in technology and the rising demand for energy-efficient solutions. Both markets are integral to enhancing the productivity and sustainability of industrial operations. As a Senior Research Analyst with over seven years of experience in market research, I specialize in analyzing these dynamic sectors, providing strategic insights and data-driven recommendations.
Research Analysis
The Commercial High-Speed Hybrid Ovens market caters to the culinary industry, including restaurants, cafes, and institutional kitchens. These ovens combine the functionality of conventional ovens and microwaves, offering versatility in cooking applications. Advanced technologies, such as smart controls and energy-efficient technology, ensure optimal temperature and moisture levels, enhancing cooking efficiency. Refrigeration units, commercial freezers, and refrigeration units are often integrated into these systems for added convenience. Sustainability is a key consideration in the food sector, making eco-friendly materials and energy savings essential features. Specialty models cater to specific needs, such as food dehydration and pizza alternatives. The market continues to evolve, with a focus on smart kitchens and advanced technologies to meet the demands of chefs and restaurant owners.
Market Research Overview
The Commercial High-Speed Hybrid Ovens market encompasses innovative baking solutions that combine conventional and modern technologies. These ovens offer faster cooking times, energy efficiency, and versatility in handling various food types. The market is driven by the growing demand for quick service restaurants, increasing consumer preference for ready-to-eat meals, and the need for large-scale food production in institutions. The hybrid ovens' ability to cook multiple dishes simultaneously and their energy-saving features make them a popular choice for commercial kitchens. Additionally, the ongoing trend towards automation and the integration of IoT technologies in commercial kitchen equipment further boosts the market's growth. The market is expected to witness significant growth in the coming years due to these factors.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Product
Distribution Channel
Geography
North America
Europe
APAC
South America
Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:
[email protected]
Website:
SOURCE Technavio
MENAFN01072024003732001241ID1108395903
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.