Europe - Commercial Convection Oven Market by Distribution Channel and Product - Forecast and Analysis 2024-2028
| Published: Jan 2024 | Pages: 152 | SKU: IRTNTR45553 |
Europe - Commercial Convection Oven Market 2024-2028
The Europe - Commercial Convection Oven Market size is forecast to increase by USD 85.59 million, at a CAGR of 2.65% between 2023 and 2028. The growth rate of the market depends on several factors, such as the growing European food service industry, the growing inclination toward energy-efficient convection ovens, and the increasing availability of customized commercial convection ovens.
The report offers extensive research analysis on the Europe - Commercial Convection Oven Market, with a categorization based on Distribution Channel, including offline and online. It further segments the market by Product, encompassing electric and gas. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments.
Europe Commercial Convection Oven Market Forecasting
Europe Commercial Convection Oven Market Forecast 2024-2028
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Europe Commercial Convection Oven Market Dynamics
Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the Europe commercial convection oven market growth during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges of market growth and forecasting will help companies refine marketing strategies to gain a competitive advantage.
Driver - Growing European foodservice industry
Commercial convection ovens are one of the major cooking equipment in several bakeries and pizzerias across the world. In addition, these ovens are used for baking croissants, bread, pizzas, pies, and pastries, among others. Furthermore, the sales of commercial convection ovens are directly proportional to the increase in the number of foodservice establishments such as bakeries and pizzerias.
Moreover, rapid urbanization across Europe and rising disposable income have been the major factors driving the growth of the foodservice industry in Europe. In addition, the demand for Food-Away-From-Home (FAFH), which includes meals and snacks supplied by commercial foodservice establishments, increased in 2022. Furthermore, FAFH consumption is very high in countries such as the UK and Germany. Hence, such factors are driving the Europe commercial convection oven market growth during the forecast period.
Trends - Development of new commercial convection ovens
Manufacturers are launching updated convection oven technologies with enhanced designs to cater to the increasing demand from customers. In addition, the convenience and short delivery period have been major factors driving the growth of the QSR and fast-casual restaurant models in the region. Furthermore, most of the QSRs and fast-casual restaurants in Europe have small kitchen and service areas, which has increased the demand for compact kitchen equipment.
Therefore, to cater to the growing demand for convection ovens from QSRs and fast-casual restaurants, companies in the market are focusing on developing compact convection ovens. In addition, to further minimize the size of the ovens, companies are developing and launching ventless convection ovens. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the Europe commercial convection oven market growth during the forecast period.
Challenge - Availability of pre-used convection ovens
The availability of pre-used ovens, also known as the secondary or used equipment market, poses a significant threat to the growth of the Europe commercial convection oven market. In addition, businesses, especially those operating on tight budgets or in the early stages of establishment, may opt for pre-owned ovens as a cost-saving measure.
Moreover, this preference can slow down the adoption of new equipment, negatively affecting the sales and market penetration of manufacturers offering brand-new convection ovens. In addition, many small-scale end-users in the restaurants, bakeries, and pizza segments prefer investing in pre-used models of food service equipment such as convection ovens instead of purchasing new units of the same equipment. Hence, such factors are hindering the Europe commercial convection oven market growth during the forecast period.
Europe Commercial Convection Oven Market Segmentation by Distribution Channel and Product
Distribution Channel Segment Analysis:
The offline segment is estimated to witness significant growth during the forecast period. The offline segment comprises traditional brick-and-mortar stores, kitchen equipment showrooms, and specialty retailers, which remain prevalent. In addition, this physical presence allows buyers to experience products firsthand. Furthermore, traditional brick-and-mortar stores remain a cornerstone of the market, with established retailers providing dedicated sections for kitchen appliances, including commercial convection ovens.
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The offline segment was the largest segment and was valued at USD 400.98 million in 2018. Moreover, examples include household appliance stores such as MediaMarkt or specialized kitchen equipment retailers including Lakeland. In addition, kitchen equipment showrooms are another integral offline distribution channel, allowing customers to physically inspect and interact with a variety of convection ovens. Furthermore, these showrooms often provide expert assistance and personalized guidance. Hence, such factors are fuelling the growth of this segment which in turn drives the Europe commercial convection oven market growth during the forecast period.
Product Segment Analysis
Based on the product, the market has been segmented into electric and gas. The electric segment will account for the largest share of this segment. Powered by electricity, electric ovens offer consistent and even heating throughout the cooking chamber, ensuring uniform results for different culinary applications. In addition, one of the notable advantages of electric convection ovens is their precision in temperature regulation, enabling chefs to maintain accurate cooking temperatures for different recipes. Moreover, this level of control is particularly crucial in commercial kitchens where consistency in food quality is paramount. Furthermore, commercial electric convection ovens are less expensive and more energy efficient than gas convection ovens and are easy to install in commercial kitchens. Hence, such factors are fuelling the growth of this segment which in turn drives the Europe commercial convection oven market growth during the forecast period.
Who are the Major Europe Commercial Convection Oven 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.
Bartscher GmbH: The company offers commercial convection oven such as Convection oven AT120 with cooking intelligence for grilling, roasting and baking, full steam up to 300 degrees, the AT series offers high-performance hot air oven versatility.
We also have detailed analyses of the market’s competitive landscape and offer information on 12 market companies, including:
Angelo Po Grandi Cucine Spa, Duke Manufacturing, Electrolux Professional AB, Illinois Tool Works Inc., Kolb Huizhou Ltd., Montague, ONNERA Group, Salva, The Manitowoc Co. Inc., The Middleby Corp., UNOX Spa, and Victorian Baking Ovens Ltd.
Technavio Europe commercial convection oven market forecast the in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
Segment Overview
The Europe commercial convection oven market analysis and report forecasts market growth by revenue and provides a market growth analysis of the latest trends and growth opportunities from 2018 to 2028.
- Distribution Channel Outlook
- Offline
- Online
- Product Outlook
- Electric
- Gas
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Europe Commercial Convection Oven Market Scope |
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Report Coverage |
Details |
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Page number |
152 |
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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 2.65% |
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Market Growth 2024-2028 |
USD 85.59 million |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
2.22 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Angelo Po Grandi Cucine Spa, Bartscher GmbH, Duke Manufacturing, Electrolux Professional AB, Illinois Tool Works Inc., Kolb Huizhou Ltd., Montague, ONNERA Group, Salva, The Manitowoc Co. Inc., The Middleby Corp., UNOX Spa, and Victorian Baking Ovens Ltd. |
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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, 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. |
What are the Key Data Covered in this Europe Commercial Convection Oven Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the Europe commercial convection oven market between 2023 and 2028
- Precise estimation of the Europe commercial convection oven market growth and trends and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming Europe commercial convection oven market trends and analysis and changes in consumer behavior
- Europe commercial convection oven market growth and forecasting across Europe
- A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of the Europe commercial convection oven market companies
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Europe: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
4 Historic Market Size
- 4.1 Commercial convention oven market in Europe 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on commercial convention oven market in Europe 2018 - 2022 ($ million)
- 4.2 Distribution Channel Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ million)
- 4.3 Product Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ million)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 28: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Distribution Channel
- 6.1 Market segments
- Exhibit 29: Chart on Distribution Channel - Market share 2023-2028 (%)
- Exhibit 30: Data Table on Distribution Channel - Market share 2023-2028 (%)
- 6.2 Comparison by Distribution Channel
- Exhibit 31: Chart on Comparison by Distribution Channel
- Exhibit 32: Data Table on Comparison by Distribution Channel
- 6.3 Offline - Market size and forecast 2023-2028
- Exhibit 33: Chart on Offline - Market size and forecast 2023-2028 ($ million)
- Exhibit 34: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Chart on Offline - Year-over-year growth 2023-2028 (%)
- Exhibit 36: Data Table on Offline - Year-over-year growth 2023-2028 (%)
- 6.4 Online - Market size and forecast 2023-2028
- Exhibit 37: Chart on Online - Market size and forecast 2023-2028 ($ million)
- Exhibit 38: Data Table on Online - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Chart on Online - Year-over-year growth 2023-2028 (%)
- Exhibit 40: Data Table on Online - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Distribution Channel
- Exhibit 41: Market opportunity by Distribution Channel ($ million)
- Exhibit 42: Data Table on Market opportunity by Distribution Channel ($ million)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 43: Chart on Product - Market share 2023-2028 (%)
- Exhibit 44: Data Table on Product - Market share 2023-2028 (%)
- 7.2 Comparison by Product
- Exhibit 45: Chart on Comparison by Product
- Exhibit 46: Data Table on Comparison by Product
- 7.3 Electric - Market size and forecast 2023-2028
- Exhibit 47: Chart on Electric - Market size and forecast 2023-2028 ($ million)
- Exhibit 48: Data Table on Electric - Market size and forecast 2023-2028 ($ million)
- Exhibit 49: Chart on Electric - Year-over-year growth 2023-2028 (%)
- Exhibit 50: Data Table on Electric - Year-over-year growth 2023-2028 (%)
- 7.4 Gas - Market size and forecast 2023-2028
- Exhibit 51: Chart on Gas - Market size and forecast 2023-2028 ($ million)
- Exhibit 52: Data Table on Gas - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Chart on Gas - Year-over-year growth 2023-2028 (%)
- Exhibit 54: Data Table on Gas - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Product
- Exhibit 55: Market opportunity by Product ($ million)
- Exhibit 56: Data Table on Market opportunity by Product ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 58: Chart on Market share by geography - 2023-2028 (%)
- Exhibit 59: Data Table on Market share by geography - 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 60: Chart on Geographic comparison
- Exhibit 61: Data Table on Geographic comparison
- 9.3 Germany - Market size and forecast 2023-2028
- Exhibit 62: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 63: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 64: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 65: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.4 UK - Market size and forecast 2023-2028
- Exhibit 66: Chart on UK - Market size and forecast 2023-2028 ($ million)
- Exhibit 67: Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 69: Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.5 France - Market size and forecast 2023-2028
- Exhibit 70: Chart on France - Market size and forecast 2023-2028 ($ million)
- Exhibit 71: Data Table on France - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Chart on France - Year-over-year growth 2023-2028 (%)
- Exhibit 73: Data Table on France - Year-over-year growth 2023-2028 (%)
- 9.6 Italy - Market size and forecast 2023-2028
- Exhibit 74: Chart on Italy - Market size and forecast 2023-2028 ($ million)
- Exhibit 75: Data Table on Italy - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Chart on Italy - Year-over-year growth 2023-2028 (%)
- Exhibit 77: Data Table on Italy - Year-over-year growth 2023-2028 (%)
- 9.7 Rest of Europe - Market size and forecast 2023-2028
- Exhibit 78: Chart on Rest of Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 79: Data Table on Rest of Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Chart on Rest of Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 81: Data Table on Rest of Europe - Year-over-year growth 2023-2028 (%)
- 9.8 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
- Exhibit 83: Data Table on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 84: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 85: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 86: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 87: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 88: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 89: Matrix on vendor position and classification
- 12.3 Angelo Po Grandi Cucine Spa
- Exhibit 90: Angelo Po Grandi Cucine Spa - Overview
- Exhibit 91: Angelo Po Grandi Cucine Spa - Product / Service
- Exhibit 92: Angelo Po Grandi Cucine Spa - Key offerings
- 12.4 Bartscher GmbH
- Exhibit 93: Bartscher GmbH - Overview
- Exhibit 94: Bartscher GmbH - Product / Service
- Exhibit 95: Bartscher GmbH - Key offerings
- 12.5 Duke Manufacturing
- Exhibit 96: Duke Manufacturing - Overview
- Exhibit 97: Duke Manufacturing - Product / Service
- Exhibit 98: Duke Manufacturing - Key offerings
- 12.6 Electrolux Professional AB
- Exhibit 99: Electrolux Professional AB - Overview
- Exhibit 100: Electrolux Professional AB - Business segments
- Exhibit 101: Electrolux Professional AB - Key news
- Exhibit 102: Electrolux Professional AB - Key offerings
- Exhibit 103: Electrolux Professional AB - Segment focus
- 12.7 Illinois Tool Works Inc.
- Exhibit 104: Illinois Tool Works Inc. - Overview
- Exhibit 105: Illinois Tool Works Inc. - Business segments
- Exhibit 106: Illinois Tool Works Inc. - Key news
- Exhibit 107: Illinois Tool Works Inc. - Key offerings
- Exhibit 108: Illinois Tool Works Inc. - Segment focus
- 12.8 Kolb Huizhou Ltd.
- Exhibit 109: Kolb Huizhou Ltd. - Overview
- Exhibit 110: Kolb Huizhou Ltd. - Product / Service
- Exhibit 111: Kolb Huizhou Ltd. - Key offerings
- 12.9 Montague
- Exhibit 112: Montague - Overview
- Exhibit 113: Montague - Product / Service
- Exhibit 114: Montague - Key offerings
- 12.10 ONNERA Group
- Exhibit 115: ONNERA Group - Overview
- Exhibit 116: ONNERA Group - Product / Service
- Exhibit 117: ONNERA Group - Key offerings
- 12.11 Salva
- Exhibit 118: Salva - Overview
- Exhibit 119: Salva - Product / Service
- Exhibit 120: Salva - Key offerings
- 12.12 The Manitowoc Co. Inc.
- Exhibit 121: The Manitowoc Co. Inc. - Overview
- Exhibit 122: The Manitowoc Co. Inc. - Business segments
- Exhibit 123: The Manitowoc Co. Inc. - Key news
- Exhibit 124: The Manitowoc Co. Inc. - Key offerings
- Exhibit 125: The Manitowoc Co. Inc. - Segment focus
- 12.13 The Middleby Corp.
- Exhibit 126: The Middleby Corp. - Overview
- Exhibit 127: The Middleby Corp. - Business segments
- Exhibit 128: The Middleby Corp. - Key offerings
- Exhibit 129: The Middleby Corp. - Segment focus
- 12.14 UNOX Spa
- Exhibit 130: UNOX Spa - Overview
- Exhibit 131: UNOX Spa - Product / Service
- Exhibit 132: UNOX Spa - Key offerings
- 12.15 Victorian Baking Ovens Ltd.
- Exhibit 133: Victorian Baking Ovens Ltd. - Overview
- Exhibit 134: Victorian Baking Ovens Ltd. - Product / Service
- Exhibit 135: Victorian Baking Ovens Ltd. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 136: Inclusions checklist
- Exhibit 137: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 138: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 139: Research methodology
- Exhibit 140: Validation techniques employed for market sizing
- Exhibit 141: Information sources
- 13.5 List of abbreviations
- Exhibit 142: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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commercial convection oven market in europe market
Key Questions Answered
- What are the key global market and the regional market share?
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- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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