The Europe High Speed Oven Market would witness market growth of 8.4% CAGR during the forecast period (2021-2027).
High speed oven is absolute equipment which ensures the excellent results of a convection oven and speed of microwave. They are able to manage a wild-caught, flash-frozen food items to cook it till it becomes crispy and brown.
Nowadays, consumer demand faster and simpler ways to perform their routine tasks like cooking because of busy lifestyle. Health conscious consumers prefer to have home-made healthy food instead of choosing variety of ready to eat food products available in the markets, high speed oven benefits such consumers by providing the less time consuming oven.
Increased tourism in the European countries, result in high demand for advanced and better technology for cooking appliances by hotels, restaurants as to provide quick delivery of orders. Food patterns of the consumers are majorly inclined towards the baked food. For example, falcon foodservice launched a wide range of high speed ovens with improved features and connectivity. These ovens are developed for using it in areas with limited space. Furthermore, the food and drink industry of Europe holds a significant share in the economic growth of the region.
The Germany market dominated the Europe High Speed Oven Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $356.9 million by 2027. The UK market is poised to grow at a CAGR of 7.3% during (2021 - 2027). Additionally, The France market would experience a CAGR of 9.7% during (2021 - 2027).
Based on type, the market is segmented into built-in and counter-top. Based on Sales Channel, the market is segmented into Specialty stores, Hypermarket/Supermarket, and Online Stores. Based on End User, the market is segmented into Commercial and Residential. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global High Speed Oven Market Size will Hit $4,300.5 million by 2027, at a CAGR of 8.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Whirlpool Corporation, Panasonic Corporation, Robert Bosch GmbH, Breville Group Limited, Cookkart, Electrolux AB, SMEG S.p.A., and Miele & Cie. KG.
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