About the Report
Conveyor ovens have now become an important product for the food processing businesses. It consists of belts, at least one, to move the food proficiently through a heated chamber at the required speed. It has the features to control the speed and temperature according to the prerequisite. The food inside is cooked utilizing radiant and convection based technology.
One of the considerable parameter which accounts for the proliferating demand of conveyor oven is significant amount of food processing units are moving towards the automation techniques which aid them to speed up the production process for satisfying the demand from customers.
Also, since the conveyor ovens are very easy to operate and do not require any specialized skills, it saves the costs needed for labour training.
Foremost objective of the report by Fact.MR on the conveyor oven market is to pitch insights on the market scenario, demand generators, and technological advancements in this space. The report provides a taxonomy elaborating on key segments.
The report also outlines visionary insights on the dynamics of the market, including the drivers, restraints, opportunities, trends and pricing analysis, along with key success factors. Market trends have been tracked in 20+ high-growth countries, pointing towards countries in North America, Europe, Asia Pacific, Middle East & Africa and South America holding bulk of the market share.
Historical Trends Vs. Future Market Outlook
The global conveyor ovens market is expected to grow at a consistent rate and will post a CAGR of around 3.7% during the forecasting period from 2021 to 2031. The expanding need for reduced labour reliance will drive the growing possibilities for the global conveyor ovens market in the upcoming years.
The beginning of the novel COVID-19 Pandemic in 2020 affected the development of the conveyor oven market. While the interest from consumers of conveyors oven was reduced because of lockdowns and social distancing standards, especially in developed countries like Norway, Australia, Japan, the U.S., Canada. This not only affected the scale of production but also the growth of the conveyer oven industry.
Owing to these factors, demand over the long-term forecast period can be estimated by breaking the forecast timeline into three parts.
- Short-run: Moderate recovery growth is set to be observed over this term.
- Medium-run: Demand and price normalization are set to be observed over this period.
- Long-run: Gas based conveyors oven is expected to lead the market in this period.
All in all, the conveyor oven industry is to expand at a lower rate of around 3.7% through 2031.
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What are the Primary Applications that Generate Demand for Conveyor Ovens?
The use of conveyor oven in the modular food processing units provides growth platform at a global level. Additionally, the rising demand of modern equipment to cook more food in less time in restaurants, bakery, hotels, and food catering services contribute to the growth of conveyor oven market.
Which Region Offers Great Potential for Conveyor Ovens?
The worldwide conveyor oven market has been characterized into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Currently, North America is the main provincial market for conveyor oven because of the expanding opportunities of quick and convenient cooking practices in the business food section.
In 2019, Europe remained as the second most promising market for conveyor oven regarding revenue contribution in the global market. Additionally, the region is expected to show leading role in the growth rate of the conveyor oven market during the forecast period (2021-2031).
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Why is the U.S. a Huge Market for Conveyor Ovens?
The U.S. remains the major contributor to the growth of the conveyor oven market. The demand of conveyor ovens are increasing day by day in U.S. Tendency of people to opt for fast foods as compared to homemade food is what really provides a kick of the US conveyor oven market. At least 1 out of 4 individual consume some kind of fast food daily. Further, the presence of branded food chains providing astonishing offers and discounts would continue to make US the most lucrative market in the near future.
What Makes China the Growth Epicentre for Conveyor Oven Manufacturers?
The Chinese market remains the growth epicentre for conveyor ovens, amid the government’s strong push towards developing sustainable infrastructure. Asia Pacific currently accounts for a significant demand for conveyor oven, followed by South America. This is due to the fact that, China is the dominant Conveyor oven manufacturer globally and satisfies the demand for consumers at cost effective prices, which attracts the consumers from across the globe.
Which Conveyor Oven Technology Accounts for Highest Demand?
On the basis of technology, the global conveyor oven market is fragmented into convection and radiation technology. The convection technology segment is anticipated to contribute largest revenue till 2022 and is poised to have highest contribution by 2031. Radiation segment is expected to grow at a convenient growth rate during the forecast period. Moreover, the demand of faster and convenient cooking are increasing day by day, this will lead to give positive impact to the market of conveyor oven.
Which Power Source of Conveyor Ovens is anticipated to Be Most Popular?
On the basis of power source, the global conveyor oven market is segmented into electric conveyor oven and gas conveyor oven. In 2019, electric conveyor oven segment hold the leading share in the overall market. But over the forecast period gas conveyor oven segment is more likely to surpass electric conveyor oven segment, this is due to the fact that all the governments across the globe are focusing towards the gas based power utility system in every segment.
Which Type of Conveyor Oven is Poised to Remain Lucrative for Market Players?
In terms of type, the conveyor oven market is characterised into countertop and industrial/heavy. Industrial oven segment is anticipated to develop at a significant growth rate during the forecast period and is more likely to contribute highest value in the market by 2031 across the globe.
Hotels, restaurant and huge food processing units are in demand of faster and convenient practise of cooking which makes industrial segment more lucrative. Furthermore, countertop ovens require less space on floor and are economic than industrial ovens. This segment is expected to provide substantial growth opportunities during the forecast period.
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Aforementioned players rely on a blend of organic and inorganic strategies to deepen penetration across lucrative markets. These strategies include product launches, collaborations with key players, partnerships, acquisitions, and strengthening of regional and global distribution networks.
The players are focusing on improving the effectiveness of conveyer ovens owing to high competition in the market. Players are most likely to focus on adding some advanced features in the ovens that will help to reduce the cooking time and increase production.
For example, a company named Lincoln is offering gas based conveyor oven with the extraordinary FastBake technology that helps in reducing the cooking time by almost 30%.
Manufacturers are also providing options to use split belt in conveyors. The speed of the belt and temperature can be controlled by the operators to achieve a particular task in comparatively lesser amount of time.
Historical Data Available for
US$ Mn for Value
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Customization & Pricing
Available upon Request
Key Market Segments Covered
- Electric Conveyor Ovens
- Gas Conveyor Ovens
- Convection Conveyor Ovens
- Radiation Conveyor Ovens
- Countertop Conveyor Ovens
- Industrial/ Heavy Conveyor Ovens
- Food Processing
- Other Food Catering Services
- North America
- Asia Pacific
- Middle East & Africa
- South America
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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.
What research methodology is followed by Fact.MR?
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.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
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