Combi Ovens Market

Combi Ovens Market Outlook (2023 to 2033)

The global combi ovens market is valued at US$ 2.13 billion in 2023 and is forecasted to reach US$ 5.18 billion by the end of 2033, expanding at a CAGR of 9.3% over the next ten years.

Combi ovens are generally used for steaming, convection, and combination cooking. This combination mode employs not only steam but also heat to maintain precise levels of humidity in food products. This feature further allows more control of moisture levels in eatables. A combi oven can be used to save money, space, and time in the preparation of food products in professional settings.

• Demand for combi ovens with boilers is forecasted to increase at a CAGR of 9.4% and reach a market valuation of US$ 3.74 billion by the end of 2033.
• Sales of combi ovens in Japan are anticipated to rise rapidly at a CAGR of 10.6% and reach a market value of US$ 238.54 million by 2033.
• Demand for combi ovens in South Korea is predicted to evolve at a CAGR of 10.6% and reach US$ 191.87 million by the end of 2033.

Growth opportunities in the industry are primarily driven by the need for more effective and faster cooking methods in restaurants. Because of their great usefulness and advantages, combi ovens are replacing conventional food service equipment. High-altitude settings are witnessing an increase in the adoption of electric combi ovens.

Self-cleaning options in the majority of combination ovens are estimated to make them an ideal choice in the present time-constrained world. Consumers are spending a significant amount on high-end products, including high-speed ovens, which may satisfy their requirements. Luxury and premium hotels are using baking equipment extensively, which is also predicted to contribute to growth opportunities.

There are certain areas around the world where disposable income and expenditure on lifestyle products are comparatively low. The high cost of combi ovens is predicted to adversely impact their demand in these areas.

This recently published research report by Fact.MR, a provider of market research and competitive intelligence, provides a comprehensive analysis of different market strategies adopted by industry players. Key trends, regional overview, new developments, sales analysis of combi ovens, growth drivers, and numerous other aspects are also included in this research report.

Report Attributes	Details
Combi Ovens Market Size (2023)	US$ 2.13 Billion
Projected Market Value (2033)	US$ 5.18 Billion
Global Market Growth Rate (2023 to 2033)	9.3% CAGR
China Market Growth Rate (2023 to 2033)	9.6% CAGR
South Korea Market Growth Rate (2023 to 2033)	10.6% CAGR
United States Market Value (2033)	US$ 949 Million
Bakeries/Confectioneries Segment Value (2033)	US$ 248.9 Million
Key Companies Profiled	Convotherm Unox Rational AG Electrolux Professional Alto-Shaam, Inc. Turbofan Carbolite Gero Vulcan Equipment G.S. Blodgett Lincat Catering Equipment Henny Penny Corp. Retigo Ltd. Falcon Foodservice Equipment The Middleby Corp.

What’s Contributing to the Rising Use of Combi Ovens Globally?

“Growing Demand for Energy-efficient Kitchen Appliances”

Increasing need for energy-efficient appliances in recent years has led manufacturers to introduce smart appliances. Three methods are used by combi ovens in the cooking process, which include steam, convection, and a combination of convection and steam. Circulation of dry heat or convection is utilized to roast meats or bake bread.

The combination mode of combi ovens is a prime feature, which utilizes steam as well as dry heat to maintain levels of humidity and therefore provides more control over moisture in food products. Consumers with a stable economic status adopt changing technologies, which ensure an easy life. Online platforms and social media have an increasing impact on consumers’ purchasing decisions

“Decreasing Use of LPG at High Altitudes”

Due to fast-paced lifestyles, consumers are increasingly favoring fast-service restaurants over full-service ones. The transportation of LPG at high altitudes incurs higher costs. A decrease in the use of LPG-powered appliances is noticed over time. This factor is predicted to lead to increased investments by industry players to offer more efficient products.

The unique features and capabilities of combi ovens to perform in every situation are expected to propel their demand in ships, cruise ships, and marine vessels. Hotel construction, across many areas, is in its early stages, which is also predicted to have a significant impact on the demand for combi ovens.

Which are the Hindrances to the Expansion of the Combi Ovens Market?

“High Initial Cost and Shortage of Skilled Operators”

Food service operators need to invest a handsome amount for the installation of combi ovens. They account for a significant portion of the total cost of new restaurants. There are a lot of food service outlets, which are of medium size, and therefore, operators from developing countries are unable to bear the cost of this sophisticated appliance. Compared to developed countries, the rate of equipment replacement is comparatively lower in developing countries.

There is a dearth of skilled chefs who can effectively operate combi ovens. A majority of chefs are not well-versed in the use of combi ovens. This factor is predicted to have a detrimental impact on investments in these technologically advanced appliances for restaurants and hotels. All these factors are restricting sales of combi ovens.

What are the Initiatives Adopted by Start-Ups to Boost Their Growth in the Combi Ovens Market?

“Focus of New Manufacturers on Producing User-friendly and Technologically Advanced Combi Ovens”

In recent years, there is a noteworthy increase in the demand for smart combi ovens owing to their technologically advanced features and high degree of user-friendliness. New companies are predicted to invest in the development of more user-friendly appliances. They have a connected feature similar to smart kitchen appliances. The integration of advanced technologies can facilitate the preparation of newer cooking products owing to the increasing requirements for convenience food products globally.

Country-wise Insights

How is Demand for Combi Ovens Shaping Up in the United States?

“Presence of Prominent Confectioneries/Bakeries & Restaurants”

Sales of combi ovens in the United States are projected to progress at a CAGR of 9.6% and reach a market value of US$ 949 million by the end of 2033. The presence of prominent confectionery/bakery and restaurant businesses is estimated to contribute to the rising demand for combi ovens there.

What are the Demand Projections for Combi Ovens in the United Kingdom?

“Increasing Investments by Industry Players in Product Innovation”

The United Kingdom market is anticipated to advance at a CAGR of 9.8% and reach a valuation of US$ 357.82 million by 2033-end. The presence of some prominent suppliers of combi ovens in the United Kingdom is contributing to market growth there. These industry players are investing a significant amount in product innovations.

What Makes Japan a Lucrative Market for Manufacturers of Combi Ovens?

“High Use of Combi Ovens in Commercial Settings”

Sales of combi ovens in Japan are projected to rise at a CAGR of 10.6% and reach US$ 238.54 million by the end of 2033. Combi ovens are more popular in commercial settings for different purposes, which is predicted to contribute to market growth in this country.

Category-wise Insights

Which Type of Combi Oven Seems to Be Most Popular?

“Combi Ovens with Boilers Becoming Popular Around the World”

Based on type, the market is classified into combi ovens with boilers and boiler-less combi ovens. Combi ovens with boilers are estimated to hold a significant share of the global market. Their sales are projected to increase at a CAGR of 9.4% and reach US$ 3.74 billion by the end of 2033.

Which End-use Segment is Significantly Contributing to Market Expansion?

“Rising Use of Combi Ovens in Bakeries/Confectioneries”

The wide use of combi ovens by restaurants, individuals, bakeries/confectioneries, and other applications is expected to boost their demand in the coming years. The bakeries/confectioneries segment is predicted to expand at a CAGR of 10% and reach a market value of 248.9 million by 2033.

High demand for bakery products for different occasions and their rising popularity among youngsters are contributing to the increased use of combi ovens in the preparation of these items.

Key Market Players

Leading manufacturers of combi ovens are investing heavily to provide high-quality products to consumers and ensure efficient supply chain management for safe and timely delivery.

With the presence of several companies worldwide, the market is highly competitive, and players are enhancing their product portfolio and expansion strategies.

For instance :

• RATIONAL AG is a company that is actively working in combi oven technology. In August 2020, the company announced to launch iCombi Pro in the market of the United States. These next-generation combi ovens are available across the world.

Leading players in the combi ovens market are Convotherm, Unox, Rational AG, Electrolux Professional, Alto-Shaam, Inc., Turbofan, Carbolite Gero, Vulcan Equipment, G.S. Blodgett, Lincat Catering Equipment, Henny Penny Corp., Retigo Ltd., Falcon Foodservice Equipment, and The Middleby Corp.

Segmentation of Combi Ovens Industry Research

• By Type :

  • Combi Ovens with Boilers
  • Boiler-less Combi Ovens

• By Application :

  • Restaurants
  • Individuals
  • Bakeries/Confectioneries
  • Others

• By Sales Channel :

  • Offline
  • Online

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa