Million Insights - World's Fastest Growing Market Research DatabaseAccording to new report available with Million Insights, the global conveyor oven industry report offers the most up-to-date data on current market scenario, trends and future outlook. This study provides numerous opportunities for market players to invest for research and development in the market.The global Conveyor Oven Market size is expected to reach USD 169.8 million by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 3.6% from 2021 to 2028. Increased need for cooking multiple products in less period will drive the demand for conveyor ovens. Reducing cooking time by 25% and consuming less temperature as compared to conventional ovens will attract a large number of restaurant and bakery chains, resulting in a growing demand for conveyor ovens. A conveyor oven is capable of preparing a large volume of food of a similar type without human intervention and uses belts to move food products through a heated chamber at a constant speed.
Manufacturers are coming up with new product developments with added features, like providing a digital display, which makes it easy to operate and adjust the speed and temperature. Cooking the food products in less time and at lower temperature with the help of air impingement benefits by saving energy and getting baked products in quick time. Manufacturers design the products in such a way that they are energy conservable by recycling the air from the heater to product, easily cleanable and serviceable, and consistent by delivering the product with perfect time.
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Electric conveyor ovens held the largest share of more than 55.0% in 2020. Ovens with electric power supply are the most accessible in the market. These are easy to install without any complications. Electric ovens are fairly economical, easy to run, simple to clean, easily portable where power supply is available, and suitable for industrial as well as home cooking. The higher running cost of these ovens is the only restraining factor. The easy availability of electric ovens and rising demand will drive the segment.
The industrial/heavy ovens segment held the largest share of over 70.0% in 2020 and is expected to grow at a steady rate from 2021 to 2028. Heavy conveyor ovens witness growing demand from restaurants, bakeries, and pizzerias. These heavy ovens are capable of cooking a large volume of products at the same time and are also available in a stackable manner, which saves a lot of floor space. The growing demand from the industries and restaurants will drive the market in years to come.
The convection segment accounted for the largest revenue share of over 59.0% in 2020 and is projected to witness the fastest growth from 2021 to 2028. An external force is used to transfer the heat within the air, which helps to cook the product even at the darker and cooling spots. Convection oven even reduces the cooking time and offers a complete cooked product.
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Conveyor Oven Market Report Highlights:
• North America accounted for the largest share of over 35.0% in 2020. The U.S.is significantly contributing to the regional market growth owing to the presence of a large number of global players and the rising demand for conveyor ovens from industries
• On the basis of technology, the convection segment held the largest share of over 59.0% in 2020 and is projected to register the fastest CAGR from 2021 to 2028. Convection technology helps to reduce cooking time by 25% at a lower cooking temperature
• Europe is projected to register the fastest CAGR of 4.0% from 2021 to 2028. Increased use of conveyor ovens in restaurants, bakeries, and households will drive the regional market
• By type, the industrial/heavy conveyor ovens segment captured the largest share of over 70.0% in 2020 and is expected to grow at a steady rate from 2021 to 2028. Demand for industrial/heavy conveyor ovens is increasing in the food processing industry due to their capability of cooking a large volume of products at the same time
• Based on power source, electric conveyor ovens held the largest share of more than 55.0% in 2020. Conveyor ovens with electric power supply are the most accessible in the market
Conveyor Oven Market Segmentation
Million Insights has segmented the global conveyor oven market on the basis of power source, technology, type, and region:
Conveyor Oven Power Source Outlook (Revenue, USD Million, 2017 - 2028)
- Electric Conveyor Oven
- Gas Conveyor Oven
Conveyor Oven Technology Outlook (Revenue, USD Million, 2017 - 2028)
- Convection
- Radiation
Conveyor Oven Type Outlook (Revenue, USD Million, 2017 - 2028)
- Countertop Ovens
- Industrial/Heavy Ovens
Conveyor Oven Regional Outlook (Revenue, USD Million, 2017 - 2028)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
List of Key Players of Conveyor Oven Market
- Davron Technologies Inc.
- Doyon
- Dvorson's Food Service Equipment, Inc.
- Infratrol LLC
- International Thermal Systems
- Lewco Inc.
- Welbilt, Inc. (Lincoln)
- Mahan Oven & Engineering Co. Inc.
- Middleby Corporation
- Italforni Pesaro S.r.l
- Oem Ali Group S.r.l
- Ovention, Inc.
- PICARD OVENS INC.
- Star Manufacturing
- Wisconsin Oven Corporation
- XLT Inc.
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