The North America High Speed Oven Market would witness market growth of 7.8% CAGR during the forecast period (2021-2027).
High speed ovens have touchscreen feature in it. This touchscreen eliminates the need of buttons which make it easy to use. Adding on, touchscreen enables users to view the cooking process and also make the oven easy to clean. Many food service establishments have open kitchens to allow consumers seeing the cooking process, high speed ovens are the most appropriate choice in such conditions.
High speed ovens have touchscreen feature in it. This touchscreen eliminates the need of buttons which make it easy to use. Adding on, touchscreen enables users to view the cooking process and also make the oven easy to clean. Many food service establishments have open kitchens to allow consumers seeing the cooking process, high speed ovens are the most appropriate choice in such conditions.
There is an increase in the adoption of high speed ovens in many of the American cities. U.S. is more economically stable and has more purchasing power due to more disposable income of people which is the reason that U.S. is dominating the high speed oven market in North America and is expected to account more growth during the forecast period. Continued urbanization, developed food service industry and availability of a number of sellers are leading to the growth of regional food industry and thus, resulting in increased demand for high speed ovens in the region. In addition, since diet of majority of the people include some kind of baking items, high speed ovens would be used to make meals.
The US market dominated the North America High Speed Oven Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $954.7 million by 2027. The Canada market is poised to grow at a CAGR of 10.3% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 9.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global High Speed Oven Market is Estimated to Reach USD 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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