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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 Forecast 2024-2028
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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.
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.
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.
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.
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.
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.
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.
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.
Europe Commercial Convection Oven Market Scope |
|
Report Coverage |
Details |
Page number |
152 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.65% |
Market Growth 2024-2028 |
USD 85.59 million |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
2.22 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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. |
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 |
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. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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