Global Commercial Oven Market 2017-2021

Global commercial oven market insights

The global commercial oven market is anticipated to grow at a steady rate and will post a CAGR of close to 6% during the forecast period. The growing preference for high-speed convection ovens will drive the growth prospects for the global commercial oven market during the forecast period. High-speed convection ovens are preferred over conventional ovens because they deliver quality food products in minimal time. Also, high-speed convection ovens operate ten times faster than the conventional oven products. For instance, Tornado series by TurboChe can cook food at high speeds using a combination of microwave and air impingement technology. Some of the oven products available in the market are used to cook, reheat, and defrost the food at a significantly higher speed. Moreover, high-speed convection ovens can bake pizzas, croissants, sub sandwiches, cookies, and pastries in less time, especially when compared to traditional ovens. The time taken to cook a pizza in high-speed convection ovens is just three minutes while the same takes eight minutes in conventional ovens. Moreover, to increase the profit margin, the food service establishments are looking for ovens that will lead to improved operating efficiency and increased volume of production.

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Increasing preference for ventless ovens will drive the market’s growth during the forecast period. Generally, commercial oven users set up an expensive ventilation system inside the commercial kitchen to expel harmful gas emissions and excess heat. Subsequently, to cut down on operating costs for ventilation system installation, the commercial oven manufacturers are introducing ventless oven technology. Ventless ovens operate on the catalyst technology, which converts the grease and volatile organic compounds into carbon dioxide and water and limits the gas emissions. The increasing adoption of ventless technology is resulting in the growth of the market. 

Competitive landscape and key vendors

The vendors in the market are categorized as champions, market pillars, innovators, and emerging players. These vendors are competing on factors such as energy conservation, pricing, and enhanced operational efficiency to gain maximum market traction. The competition in the market is expected to grow during the forecast period.

Key vendors in this market are 

• Blodgett
• Garland
• Bakers Pride
• TurboChef
• Alto-Shaam

Other prominent vendors in the market include Vulcan, Doyon, Hobart, Southbend, Waring, and Turbofan.

Segmentation by product and analysis of the commercial oven market

• Deck oven
• Convection oven
• Conveyor oven
• Brick oven

Convection oven segment accounts for the maximum market share in 2016 and will continue to dominate the market during the forecast period. They are popular among the operators because they require less time to bake the food. The most popular types of convection ovens include combination and hybrid convection ovens. Combination ovens use both pressureless steam and convection heat to cook the food while hybrid convection ovens use microwave and air impingement technology to bake the food. These two types of convection ovens require less time to bake the food. In addition, the countertop convection ovens require less space than deck ovens, which are highly preferred in small pizzerias and bakeries with limited space.

Segmentation by geography and analysis of the commercial oven market

• APAC
• Europe
• North America
• ROW

In terms of geography, North America leads the market during 2016 and will continue to dominate the market during the forecast period. Some of the key factors that drive the market’s growth in the region include the growth of pizzerias and bakeries and the growing trend for renovating and remodeling food service establishments.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global commercial oven market?
• What are the key market trends impacting the growth of the global commercial oven market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial oven market?
• What are the market opportunities and threats faced by the vendors in the global commercial oven market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global commercial oven market?

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