Published Date: 24-Jan-2022
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According to a new report Global High Speed Oven Market, published by KBV research, The Global High Speed Oven Market size is expected to reach $4,300.5 million by 2027, rising at a market growth of 8.7% CAGR during the forecast period.
The Built-in market dominated the Global High Speed Oven Market by Type in 2020, thereby, growing at a CAGR of 8.5% during the forecast period. These ovens are installed to eye-level for the users convenience. Using traditional stove, which pair oven and the cooktop together, makes more space in the central location to cook meal and the user can also eliminate the overcrowding appliances in kitchen. Due to this convenience in space, customers across the world would adopt these ovens in their homes and facilities.
The Specialty Stores market dominated the Global High Speed Oven Market by Sales Channel in 2020 thereby, growing at a CAGR of 8.4% during the forecast period. Specialty stores help consumers to compare and take a demo of all the products available at stores, the demand for high speed ovens through specialty store would surge in the market. Along with that, consumers can physically touch and understand technicalities of the products at these specialty stores, which would motivate consumers to buy high-speed ovens from these stores.
The Commercial market dominated the Global High Speed Oven Market by End User in 2020, thereby, growing at a CAGR of 8.5% during the forecast period. Most of cafes, restaurants and other commercial establishments need to deliver food in a lesser time; high speed ovens allow such commercial establishments to quickly prepare food by using more than one method to transfer heat.
The Europe market dominated the Global High Speed Oven Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,528 million by 2027. The North America market is estimated to witness a CAGR of 7.8% during (2021 - 2027). Additionally, The Asia Pacific market would showcase a CAGR of 10% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/high-speed-oven-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Whirlpool Corporation, Panasonic Corporation, Robert Bosch GmbH, Breville Group Limited, Cookkart, Electrolux AB, SMEG S.p.A., and Miele & Cie. KG.
By Sales Channel
By End User
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