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..
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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
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growth, driven by increased urbanization and a focus on operational
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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
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market opportunities and develop effective strategies to optimize
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Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio