Conveyor Oven Market 2024 Energy Conservation Trend Will Boost The Market Growth

March 2, 2021

The global conveyor oven market to rise at a CAGR of 3.7% during the forecast period between 2019 and 2027, for the market to become worth US$135.4 Mn by the end of 2027.

Stacked conveyor ovens are witnessing an increasing demand, as more food can be cooked at a single time. For most of the pizzerias the space required for the equipment of kitchen is a serious issue, as the rent for the commercial area is high. Many pizzerias are also unable to generate substantial profits and perhaps have to shut down their operations, stacked ovens require less space and save energy and time are likely to help pizzerias optimize their operations and improve productivity. Stacked conveyor ovens can cook more food at a single time, at faster rate.

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Industrial Type Conveyor Oven to Contribute Substantial Revenue through 2027

In terms of type, the conveyor oven market is divided into countertop and industrial/heavy. Industrial oven segment is expected to grow at good growth rate during the forecast period and is contributing largest revenue till 2018 and is expected to have largest contribution by 2027. Restaurants, hotels are in need of faster and convenient mode of cooking which makes industrial segment most attractive. Furthermore, countertop ovens requires less space on floor and are cheaper than industrial ovens. This segment is expected to provide substantial growth opportunities during the forecast period.

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Based on power source, electric conveyor oven and gas conveyor oven are the segments into which the global conveyor oven market is divided in this report. In 2018, electric conveyor oven segment held the leading share in the overall market; going forward, electric conveyor oven segment is likely to surpass gas conveyor oven segment over the forecast period.

On the basis of technology, the global conveyor oven market is divided into convection and radiation. The convection technology segment is contributing largest revenue till 2018 and is expected to have largest contribution by 2027. Radiation segment is expected to grow at good growth rate during the forecast period. Faster and convenient cooking are the features of radiation heating which is why the segment becomes most attractive.

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North America Accounted For Major Market Share

In terms of geography, the global conveyor oven market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America is currently the leading regional market for conveyor oven due to the increasing adoption of fast and convenient cooking practices in the commercial food segment. In 2018, Europe stood as the second-leading market for conveyor oven in terms of revenue contribution to the overall market; going forward, the region is anticipated to display the leading growth rate in the conveyor oven market over the forecast period. The rising adoption of modern equipment to cook more food in less time in restaurants, bakery, hotels, and food catering services contribute to the growth of European conveyor oven market.

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Key players operating in the global conveyor oven market that have been profiled in this report include