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The Commercial High-Speed Hybrid Ovens Market size is forecast to increase by USD 43.2 million, at a CAGR of 3.37% between 2023 and 2028. Several factors significantly impact market growth, including the expansion of the food service industry. The continuous growth of this sector underscores the increasing demand for dining out and food delivery services, presenting ample opportunities for market expansion. Additionally, product premiumization, driven by technological advancements and innovations, plays a pivotal role in shaping market dynamics. Consumers are increasingly drawn to products offering enhanced quality, functionality, and convenience, driving the demand for premium offerings across various segments. Furthermore, the integration of enhanced product safety features is critical in maintaining consumer trust and confidence. With growing concerns regarding food safety, the incorporation of advanced safety measures becomes imperative, influencing purchasing decisions and driving market growth. By addressing these key factors, businesses can position themselves to capitalize on evolving consumer preferences and industry trends, fostering sustained growth and competitiveness in the market. The market forecast report provides market size, historical data spanning from 2018 - 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
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The market is a significant segment in the culinary industry, catering to the demands of restaurants, cafes, and institutional kitchens. These ovens combine the functionalities of ovens and refrigeration units, offering versatility in the food sector. Advanced technologies, such as energy-efficient technology and smart controls, enhance the efficiency of these appliances. Beverage preparation and food dehydration are essential applications. They provide energy savings by reducing the need for separate refrigeration units and commercial freezers. The use of eco-friendly materials and advanced technologies contributes to sustainability in the food industry. Chefs and restaurant owners value the cooking efficiency and versatility of these ovens. Specialty models cater to the unique requirements of pizza alternatives and other culinary creations. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing food service industry is the key factor driving the market. The food sector, including beverages, experiences continuous growth, leading to advancements in the commercial oven market. High-speed hybrid ovens featuring refrigeration units, commercial freezers, and versatile designs are increasingly popular. These ovens, equipped with energy-saving technologies and advanced temperature control systems, offer efficiency and versatility for menu items in compact kitchen spaces.
Moreover, high-speed hybrid ovens cater to fast-paced lifestyles by offering energy efficiency, convection cooking, microwave cooking, and radiant heat through infrared heating components. Market expansion is evident through collaborations, acquisitions, mergers, and facility expansions among market leaders. Research and development in the culinary industry focus on producing cooking appliances that meet the demands of commercial kitchens while maintaining compact designs and industrial development.
Increased adoption of integrated smart kitchen technology is the primary trend shaping the market. The food sector, including beverages, experiences continuous growth in the demand for commercial kitchen equipment, such as commercial microwave ovens, refrigerators, and commercial freezers. Advanced technologies, like IoT and AI, have become essential in enhancing the efficiency and energy savings of these appliances. In the commercial kitchen space, quick service restaurants and industrial automation have driven the adoption of smart kitchen technologies, such as smart hubs and AI-controlled ovens.
Further, market leaders collaborate, acquire, or merge to expand their production facilities and research capabilities, focusing on energy efficiency, temperature control, and advanced cooking technologies like convection, microwave, radiant heat, and infrared heating components. The culinary industry's fast-paced lifestyles necessitate the development of compact, energy-efficient, and technologically advanced cooking appliances. Strategic analysis and regional research are crucial for market expansion in the commercial kitchen equipment market, including high-speed hybrid ovens.
The long product replacement cycle is the major challenge that affects market growth. In the food sector, commercial high-speed hybrid ovens play a significant role in the preparation of menu items for quick service restaurants and industrial kitchens. These ovens, which include baking ovens and those with convection, microwave, and radiant heat cooking capabilities, are essential for the efficient production of various menu items. Manufacturers, such as Haier Group, Panasonic Corporation, and Whirlpool Corporation, invest in advanced technologies and energy savings to create ovens, refrigerators, commercial freezers, and refrigeration units of superior quality.
Additionally, energy efficiency and temperature control are crucial factors in the food industry's fast-paced lifestyles. Market leaders collaborate, acquire, or merge to expand their production facilities and research capabilities, ensuring the continuous innovation and development of commercial kitchen appliances. Industrial automation and compact designs are key trends in the market, with built-in ovens and industrial development driving growth. Strategic analysis and regional research are essential for understanding the culinary industry's evolving needs and market expansion.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The touchscreen segment is estimated to witness significant growth during the forecast period. Commercial high-speed touchscreen hybrid ovens are controlled via touchscreen menus. Companies offering commercial hybrid ovens with fast touch screens include Welbilt Inc, and the Middleby Corp. The Middleby Corp. (Middleby) offers an oven that can store over 500 user-defined and pre-programmed programs. Touchscreen eliminates the need for multiple buttons by integrating all functionality into an easy-to-use touchscreen interface. Additionally, the touchscreen improves the aesthetics of the device and is easy to clean.
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The touchscreen segment was the largest segment and was valued at USD 131.40 million in 2018. Many restaurants, including food courts in supermarkets, employ open kitchen concepts where customers can see food being prepared. Commercially available touchscreen high-speed hybrid ovens are well suited for such environments. Touch screen high-speed hybrid commercial hybrid ovens are priced higher compared to digital high-speed hybrid commercial ovens. The median price for a high-speed touchscreen commercial hybrid oven is approximately USD 12,500, while the median price for a digital high-speed hybrid commercial oven is approximately USD 11,500. The user-friendly interface offsets the higher cost, making it popular with end-users. Such factors are expected to drive the growth of the segment over the forecast period.
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APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in the North American region is driven by rapid urbanization, the organized hospitality industry, and high vendor penetration. The United States is the most important major country in the North American hospitality industry. The region shows rapid urbanization and high disposable income. Increased employment opportunities are driving migration from rural to urban areas. People with busy working hours and hectic lifestyles are demanding convenient and easy-to-prepare meals, increasing the demand for convenience foods in the region. Growth in the fast food industry is fueling the market in North America.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market is experiencing significant growth due to the increasing demand for efficient and versatile cooking solutions in the foodservice industry. These ovens offer the benefits of both convection and radiant heating technologies, enabling faster cooking times and improved food quality. The use of advanced controls and automation features further enhances their appeal to commercial kitchens. Companies are investing in the development of energy-efficient and compact hybrid ovens to cater to the evolving needs of foodservice operators. The integration of IoT and connectivity solutions is also gaining traction, allowing for remote monitoring and control of oven functions. The market is driven by factors such as the growing trend towards automation and labor savings in commercial kitchens, the increasing popularity of ready-to-eat and convenience foods, and the rising demand for customized menu offerings.
Further, key players in the market include Ovens, Components, and Equipment, Welbilt, Middleby Corporation, and Rational AG. These companies are focusing on product innovation and expansion of their product portfolios to meet the diverse needs of their customers. In conclusion, the market is poised for continued growth due to the increasing demand for efficient, versatile, and customizable cooking solutions in the foodservice industry. In the market, the integration in smart kitchens further streamlines operations and optimizes temperature and moisture control. Overall, the market is a vital component in the culinary industry, driving innovation and efficiency in food preparation.
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Market Scope |
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Report Coverage |
Details |
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Page number |
165 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.37% |
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Market growth 2024-2028 |
USD 43.2 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.13 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 39% |
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Key countries |
US, China, Germany, UK, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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