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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.
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.
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
Other prominent vendors in the market include Vulcan, Doyon, Hobart, Southbend, Waring, and Turbofan.
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.
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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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Competitor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: Explore Technavio
Tags: convection ovens, conveyor oven, kitchen products, electronic appliances, commercial over market research, commercial over market size,
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