Conveyor Oven Market: Current Analysis and Forecast (2021-2027)

Global Conveyor oven Market was valued around US$ 100 million in 2020 and is anticipated to cross US$ 130 million by 2027 displaying an CAGR of above 3% over the forecast period (2021-2027). Conveyor ovens are often referred to as continuous ovens and are used for multiple tasks in the kitchen. This type of oven uses a belt to transport foods through a cooking cavity, cook products by blowing hot air from the top and bottom heat sources.
The global conveyor oven market is experiencing significant growth on account of surging demand for various kitchen appliances in the foodservice industry across the globe. The foodservice industries such as hotels, restaurants, and other catering services require efficient and technologically advanced appliances. Also, the increasing demand for these energy-efficient, and technologically advanced products because of the mounting consumer expenditure globally on food products is also propelling the growth of the market. For instance, in 2019, the expenditure on food, drinks, and catering was USD 312 billion in the United Kingdom, as per the Department for Environment Food & Rural Affairs.
Furthermore, the growing technological advancements in the foodservice equipment for food preparation, along with continuous research & development have helped the foodservice industry to make a wide range of innovative baked goods which has encouraged the manufactures to deliver technologically efficient appliances to the clients. Owing to this the conveyor oven market is expected to observe significant growth in the coming years. For example, XLT Conveyor Oven 3870 comprises highly efficient quiet fire burners, removable panels, optical flame sensor technology and comes with triple stacks.
Star Manufacturing, Davron Technologies, Wisconsin Oven Corporation, Middleby Corporation, Mahan Oven & Engineering Co. Inc, Lincoln, XLT Inc., International Thermal Systems, Lewco Inc., Zanolli are some of the prominent players operating in the conveyor oven market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with new and innovative products.
Insights Presented in the Report
“Amongst Power Source, Electric segment holds the major share”
Based on power source, the market is fragmented into gas and electric. The electric segment generated significant revenue share in 2020 as electric ovens are modern, easy to use more cost-efficient, and less prone to fire. Furthermore, the growth of this segment is also attributed to the growing adoption of electric ovens in pizzerias as these conveyor ovens are great for slow cooking and perfecting food items including pizzas.
“Amongst Technology, Convection segment holds the major share”
Based on technology, the market is fragmented into radiation and convection. The convection segment generated held considerable market share in 2020 as these ovens are the preferred choice of chefs and bakers as these ovens use fans to circulate the hot air which improves cooking by ensuring evenly heated air and shorter cooking times. However, the radiation segment is also anticipated to grow at a considerable CAGR during the forecast period.
“Amongst End-Use, Industrial segment holds the major share”
Based on the end-use, the market is fragmented into countertop and industrial/heavy. The industrial segment accounted prominent market share in 2020. The industrial segment is also further segmented into restaurants, hotels, bakery, food processing, and others. The growth of this segment is attributed to the increase in the number of restaurants and hotels coupled with the increase in deployment of conveyor ovens in various restaurants.
“North America represents one of the largest markets of conveyor oven market”
For a better understanding of the market dynamics of the conveyor oven market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market owing to the thriving market for bakery, confectionery, and convenience food. However, Asia-Pacific is also expected to grow at the highest CAGR during the projected timeframe.
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• Deep dive regional level analysis of the industry
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