Global High Speed Oven Market Developed With An Average Growth Rate Of 8% During 2014 To 2019
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A speed oven or "mini oven" is a cooking appliance that works much in the same way as a conventional oven, but it is more compact in size. One of the biggest pluses of the speed oven is its ability to cook food faster along with as its advanced technology settings. The speed oven comes in a few models, colors, and cooking modes. Its high-speed capabilities also help chefs or anyone else who wants to cook meals in a matter of minutes. Features range from pre-programming controls to air-based technology.
In the last several years, global market of High Speed Oven developed rapidly, with an average growth rate of 8% during 2014 to 2019. In 2018, global revenue of High Speed Oven is nearly 1580 Million USD; the actual sales are about 915 thousand Units.
The global average price of High Speed Oven is in the decreasing trend, from 1901 USD/Unit in 2014 to 1726 USD/Unit in 2018. With the situation of global economy and the technology development, prices will be in decreasing trend in the following five years.
The classification of High Speed Oven Method Principle includes Build-in High Speed Oven, Counter top High Speed Oven, and the sales proportion of Counter top High Speed Oven in 2018 is about 67%, and the revenue proportion of Build-in High Speed Oven is about 33%.
High Speed Oven is widely used in Commercial?Appliances and Home Appliances. The most proportion of High Speed Oven is home Appliances, and the proportion of sales in 2018 is about 56%.
North America is the largest consumption place, with a consumption market share nearly 39% in 2019. Following North America, Europe is the second largest consumption place with the consumption market share of 28.7%.
Market competition is intense. GE, Bosch, Whirlpool (Jenn-Air), Sharp, Siemens, Miele, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers.