Commercial High-Speed Hybrid Ovens Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2023-2027

Global Commercial High-Speed Hybrid Ovens Market Forecast 2023-2027

The Commercial High-Speed Hybrid Ovens Market size is forecast to increase by USD 51.46 million at a CAGR of 4.08% between 2022 and 2027. The market witnesses robust growth driven by several key factors. The food service industry's expansion creates a heightened demand for efficient cooking solutions, driving the popularity of high-speed hybrid ovens. Furthermore, technological advancements and innovations contribute to product premiumization, enhancing the attractiveness of these ovens. Additionally, the integration of advanced safety features ensures reliability and compliance with industry standards, further propelling market growth. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Commercial High-Speed Hybrid Ovens Market During the Forecast Period?

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Market Segmentation  

Product Analysis

The touchscreen segment will contribute a major share of the market, as it can store a large number of user-defined recipes. The touchscreen segment showed a gradual increase in market share with USD 129.19 million in 2017 and continued to grow until 2021. 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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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.  

Distribution Channel Analysis

Offline sales channels include stores that sell products in physical spaces. This segment dominates the market due to convenience in terms of contacting the vendor and being briefed on product features and availability of different varieties of brands at retailers and multi-store distributors. The two main sources of revenue for the offline market are specialty stores and branded retailers. For example, the top specialty store that sells these smart high-speed commercial ovens is TurboChef, while the top brand stores that sell these products include entry-level ovens, heavy-duty ovens, Merry Chef ovens, ventless, and ACP. Specialty stores sell commercial high-speed hybrid ovens of various brands. There are two main types of specialty stores select shops and brand shops. Customers usually prefer specialty stores that offer a wide variety of products. Therefore, the offline segment is anticipated to drive the growth of the market during the forecast period. 

Regional Analysis

North America is estimated to contribute 32% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.

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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.  

Market Dynamics and Customer Landscape

The market is witnessing a surge in demand driven by advancements in artificial intelligence, machine learning, and blockchain technologies, catering to the growing preference for organic snacks. Industry specialists and consultants are leveraging these innovations to optimize production and consumption sides, particularly in regions with stringent emission regulations. Motorcycle enthusiasts are embracing hybrid ovens equipped with touchscreen and digital interfaces, catering to diverse user preferences across restaurants, hotels, retail, and the culinary industry, while incorporating energy-efficient microwave and convection cooking technologies in various applications such as cafes and institutional kitchens. Our researchers analyzed the data with 2022 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.

Key Market Driver

The growing food service industry is the key factor driving the global market. The exponential growth in the food service industry is primarily propelled by cutting-edge technological advancements such as artificial intelligence, machine learning, and blockchain integration. This transformation has led to a significant shift towards out-of-home consumption, prompting food service providers to enhance productivity and operational efficiency. The surge in demand for high-speed services has consequently fueled the global market, particularly in response to the evolving needs of gastronomy kitchens and traditional restaurants.

These innovative ovens, equipped with touchscreen and digital interfaces, cater to diverse culinary establishments including restaurants, hotels, retail outlets, cafes, and institutional kitchens. Their ventless design, complemented by catalytic converters, ensures compliance with emission regulations while maximizing floor space utilization and accommodating custom orders. Furthermore, the growing preference for organic snacks and ready-to-eat foods further accentuates the market's expansion within the quick service restaurant (QSR) segment, driving growth throughout the forecast period.  

Significant Market Trends

Growing preference for ovens with multi-cooking options will fuel the global market. Commercially available high-speed hybrid ovens use a combination of microwave,  convection, and infrared technology. In addition to baked products, food service companies can also use these technologies to prepare foods such as pizza, French fries, paninis, roasted subs, quesadillas, and fried chicken breast. Additionally, these have a variety of multi-cooking options with pre-programmed settings. The S/A CHEF EXPRESS model has the ability to store up to 80 program settings sorted into groups. This model also features customizable menu settings.

Similarly, Alto-Shaam Inc.'s Xcelerate Hi-Speed ??Oven XL-400 model has a USB port, allowing users to download custom settings as needed. Such options give the end user the flexibility to prepare various dishes. Users of such devices can also cook food with programmed settings. Hence, the growing preference is expected to boost market growth during the forecast period. 

Major Market Challenge

Long product replacement cycles can majorly impede the growth of the market. Cookware from leading manufacturers such as Haier Group, Panasonic Corporation, and Whirlpool Corporation, ensure the best quality users can trust. They are made of stainless steel or hard, durable metals and are characterized by long replacement cycles. They are in constant contact with water during cleaning and maintenance operations, which puts them at risk of rust. Suppliers, therefore, use stainless steel or high-quality plastic materials to manufacture commercial fast hybrid reactors. We also invest in research and development and use innovative and durable materials to extend the life of these devices. The long service life of such devices reduces the frequency of product replacement, which negatively impacts the annual growth of the market.

Manufacturers also offer product warranties and warranties that extend product life even further. These factors help reduce repeat purchases. Adherence to industry regulations, standards, and compliance increases product durability. Low maintenance requirements also lead to less frequent product purchases. These factors increase product life and limit frequent sales. Therefore, the long product replacement cycle is the major challenge expected to hamper the growth of the market during the forecast period. 

Customer Landscape

This market growth and trends 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 growth strategies.

Global Commercial High-Speed Hybrid Ovens Market Customer Landscape

Who are the Major Market Companies?

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.

Ali Group Srl: The company offers different types of cooking equipment and appliances, especially braising pans, fryers, and cooktops. The company also offers a commercial high-speed combination oven, which is designed to reduce food cooking time by around fifty percent, thus mostly used in college canteens and commercial restaurants.

Alto-Shaam Inc: The company offers different types of commercial food service equipment designed for convenience, dependability, and maximum return on investment. The company offers ovens with express touch control, which allows for simple use and navigation while cooking food using convection methods.

We also have detailed analyses of the market’s competitive landscape and offer information on 18 market Companies, including:

• 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
• Trufrost Cooling Pvt. Ltd.
• Welbilt Inc.
• Samsung Electronics Co. Ltd.
• Whirlpool Corp.

This market analysis and report offers clients a deeper understanding of the market and its players through a combined qualitative and quantitative analysis of the Companies. The analysis classifies Companies into categories based on their business approach, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak to understand the dos and don’ts of business which in turn can help a client make the best decision.

Market Analyst Overview

The market is experiencing significant growth, driven by advancements in artificial intelligence, machine learning, and blockchain technologies. These innovations are revolutionizing the culinary industry, offering enhanced efficiency and sustainability. Catering to both the production and consumption sides, organic snacks prepared in these are gaining popularity among consumers, including motorcycle enthusiasts and culinary professionals in hotels, cafes, and institutional kitchens. These ovens, equipped with convection cooking technologies and programmable settings, offer energy efficiency and culinary quality, meeting emission regulations while satisfying user preferences. Additionally, the market sees a surge in touchscreen and digital hybrid ovens, featuring user-friendly interfaces and sensors for optimal cooking experiences. With a focus on sustainability and eco-friendly materials, the market is set for continued growth and innovation.

The market is experiencing significant growth on the production side, with industry specialists and consultants driving innovation in cooking appliances. These ovens, equipped with touchscreen and digital interfaces, are becoming increasingly popular among restaurant owners and commercial kitchen operators due to their energy-efficient technology and cooking efficiency. Specialty models offer features such as sous vide and food dehydration, providing alternatives for pizza preparation. With the integration of smart controls and Wi-Fi connectivity, these ovens optimize heat distribution and insulation, contributing to reduced operating expenses and environmental impact.

The market caters to various end-use industries, including the food and beverage sector, with a growing demand for ready-to-eat products and refrigeration solutions like commercial freezers. In the High-speed Baking Oven Market, research & development expenditures drive innovation, fostering international partnerships for integrated kitchen solutions. Manufacturers prioritize seamless design aesthetics to align with modern consumer lifestyles, offering space-efficient kitchen designs with space-saving advantages. These ovens excel in cooking performance, meeting the evolving needs of consumers and accommodating Shifting consumer preferences towards convenience and efficiency. The market's focus on Research & development expenditures and international collaborations ensures the development of cutting-edge technologies and solutions that enhance baking experiences while catering to the demands of contemporary kitchens.

Segment Overview

This market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Product Outlook 
  • Touchscreen
  • Digital

• Distribution Channel Outlook 
  • Offline
  • Online

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Commercial High-Speed Hybrid Ovens Market Scope
Report Coverage	Details
Page number	165
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 4.08%
Market growth 2023-2027	USD 51.46 million
Market structure	Fragmented
YoY growth 2022-2023(%)	3.05
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 32%
Key countries	US, Canada, China, Germany, and UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Ali Group Srl, 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, Trufrost Cooling Pvt. Ltd., Welbilt Inc., Samsung Electronics Co. Ltd., and Whirlpool Corp.
Market dynamics	Market trends and analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Market growth analysis industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about Companies
• Market forecasting of factors that will challenge the growth of market Companies

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