Combi Ovens Market
Combi Ovens Market Analysis, By Product Type (Combi Ovens with Boiler, Boiler-Less Combi Ovens), By Application (Restaurants, Bakery/Confectionery, Individual, Others), By Sales Channel (Offline Channels, Online Channels) - Global Market Insights 2021 to 2031
The global combi ovens market is valued at US$ 624 Mn in 2021, and is poised to grow at a CAGR of 7.8% over next ten year. North America is anticipated to dominate the global market and account for higher revenue with 1.8X increment by 2031.
Combi ovens have been huge gaining attention over the past few years, with the market slated to expand at a high CAGR of 7.9% through 2031. As per detailed analysis by Fact.MR, a market research and competitive intelligence provider, combi oven sales account for around 25% of the global ovens market.
|Combi Ovens Market Size (2020A)||US$ 595.7 Mn|
|Projected Year Value (2031F)||US$ 986.7 Mn|
|Global Market Growth Rate (2021-2031)||7.9% CAGR|
|Collective Value Share (U.S., U.K., Germany): Top 3 Countries||45.8%|
|Key Companies Profiled||
Demand Analysis of Combi Ovens (2016-2020) Vs Market Outlook (2021-2031)
Combi ovens, or combination ovens, are relatively a new cooking equipment that have been introduced in the restaurant industry and also for individual use. These were bought in around 15 years ago as a combination of steam and convection ovens, and soon gained popularity for use in hotels and high-volume restaurants.
One of the major features of combi ovens is the combination mode, in which, the oven uses both, dry heat and steam to maintain the required humidity levels, helping control the moisture level in the food. Also, there are smart combi ovens that are highly proficient, with distinct technological features such as self-cleaning combi ovens.
Primary driver for combi ovens is insatiable demand from the foodservice industry, which always pushes for faster and efficient ways of cooking. Curiosity of consumers to explore new tastes in food has pushed chefs to innovate various ways for cooking of different cuisines.
Combi ovens are the best for cooking meat due to the dry heat that is developed in the chamber, which does most of the required cooking, whereas, moisture from the available steam helps prevent the meat from drying out and shrinking.
Globally, the number of restaurants and premium & luxury hotels is multiplying, which is anticipated to boost growth of the combi ovens market.
Fact.MR projects the market to remain steady, exhibiting growth at 7.9% CAGR from 2021 and 2031, in comparison to the CAGR of 6.6% posted from 2016 to 2020.
However, higher price of combi ovens is predicted to be a possible restraint for market growth in places where average spending and income is low as compared to areas where there is economic prosperity.
Why is Popularity of Combi Ovens Surging?
Smart combi oven demand is high mainly due to their high degree of user-friendliness and technological features. They have connected feature just like other smart kitchen appliances.
Moreover, integration of advanced technologies in combi ovens is facilitating newer cooking products in response to rising demand for convenience food across the world. This factor is likely to generate increased combi oven sales over the coming years.
What is the Market Scenario of Combi Ovens in the U.S.?
North America is predicted to be the market leader in terms of value in the global combi ovens market, due to countries such as the U.S. and Canada that have prominent restaurant and confectionery/bakery businesses. It is predicted that the market for combi ovens in North America, particularly in the U.S., will expand rapidly over the decade.
What’s Driving the Asia Pacific Combi Ovens Market?
Asia Pacific is expected to be the most prominent market for combi ovens after North America, since, in this region, restaurants and premium hotels are booming, which is further anticipated to fuel demand growth of combi ovens over the coming years.
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Which Type of Combi Ovens are the Most Used in the Industry?
Development of boiler-less combi ovens has been a boon to several end users. Boiler-less combi ovens have entirely quelled the issues of corrosion, maintenance costs, and increased downtime. Owing to this, boiler-less combi ovens are highly preferred over combi ovens with boilers in commercial kitchens, particularly in locations with differing water quality.
Will Online Sales of Combi Ovens Increase in Future?
Offline sales channels have a high (95.6%) market share than online channels in the combi ovens market. However, sales through online channels is expected to increase at a higher rate of 7.8% CAGR as compared to offline channels in the combi ovens market, over the forecasted period.
Key players in the combi ovens market have adopted various marketing strategies such as mergers & acquisitions, expansions, product launches, and innovation. Alongside, they are focusing on strengthening their retail and distribution channels.
- For instance, in August 2020, RATIONAL announced the launch of iCombi Pro in the United States. These next-gen combi ovens are now available at RATIONAL dealers across the country.
- Alto-Shaam Inc. expanded its Vector Series Multi-Cook Oven Line with F Series full-size electric models. These new combi oven models are designed to fit full-size pans and allow operators to combine oven chambers to accommodate taller food items.
An Adaptive Approach to Modern-day Research Needs
Key Segments of Combi Ovens Industry Research
Combi Ovens Market by Product Type
- Combi Ovens with Boilers
- Boiler-less Combi Ovens
Combi Ovens Market by Application
- Combi Ovens for Restaurants
- Combi Ovens for Bakery/Confectionery
- Combi Ovens for Individuals
Combi Ovens Market by Sales Channel
- Offline Channels
- Independent Stores
- Retail Stores
- Other Sales Channels
- Online Channels
- Brand/Company Websites
- e-Commerce Platforms
- Offline Channels
Combi Ovens Market by Region
- North America Combi Ovens Market
- Latin America Combi Ovens Market
- Europe Combi Ovens Market
- South Asia Combi Ovens Market
- East Asia Combi Ovens Market
- Oceania Combi Ovens Market
- Middle East Africa Combi Ovens Market
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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