Global Conveyor Ovens Market 2016-2020

Overview of the global conveyor ovens market

The global conveyor ovens market is anticipated to grow at a steady rate and will post a CAGR of more than 3% during the forecast period.  The increasing need for reduced labor dependency will drive the growth prospects for the global conveyor ovens market in the forthcoming years. In general, kitchen staffs who work in commercial kitchens find it difficult to balance and maintain several smaller tasks, which leads to chaos and customer dissatisfaction. One of the major factors responsible for this chaos is the high level of manual intervention that slows down the overall workflow. As a result, a large number of foodservice establishments are increasingly investing in conveyor ovens to speed up the production process. Also, since the conveyor ovens are easy to operate and do not require any specialized skills, it saves the costs needed for labor training.

 In terms of geography, North America accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. One of the major factors responsible for the maximum share of revenue generation from this region is the large number of new restaurants that serve high demand food products like pizza, subs, sandwiches, and cookies. Also, since end users in North America rely on commercial kitchen equipment with improved features to reduce labor dependency and cost, the demand for conveyor ovens will surge in the region.

Competitive landscape and key vendors

The global conveyor ovens market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. These vendors are further categorized into champions, market pillars, innovators, and emerging players. Also, the vendors are increasingly competing against each other based on factors such as price, cooking time, technological advances, and services.

Key vendors in this market are -

• Lincoln
• Middleby Marshall
• Moretti Forni
• Ovention
• Star Manufacturing International

Other prominent vendors in the market include Bakers Pride, TurboChef, Doyon, GGM Gastro International, OEM-ALI, PICARD OVENS, and XLT.

Segmentation by source of heat and analysis of the conveyor ovens market

• Electric conveyor oven
• Gas conveyor ovens

Electric conveyor ovens segment accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. One of the major factors responsible for the market segment’s growth is the increasing demand for electric conveyor ovens because they are easy to use and operators need not worry about lighting the gas or carbon monoxide leakage issue.

Segmentation by end user and analysis of the conveyor ovens market

• Restaurants
• Hotels

The restaurant segment accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. One of the major factors responsible for the market segment’s growth is the increasing demand for the conveyor oven at pizzerias.

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 conveyor ovens market?
• What are the key market trends impacting the growth of the global conveyor ovens market?
• What are the challenges to market growth?
• Who are the key vendors in the global conveyor ovens market?
• What are the market opportunities and threats faced by the vendors in the global conveyor ovens market?
• What are the trending factors influencing the market shares of the APAC, Europe, North Americas, and ROW?
• What are the key outcomes of the five forces analysis of the global conveyor ovens market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Commercial Oven Market 2017-2021
• Global Built-in Microwave Oven Market 2016-2020
• Global Wall Oven Market 2016-2020
• Microwave Oven Market in the US 2016-2020