According to Technavio’s latest market research study, the global conveyor ovens market is expected to grow at a CAGR of close to 4% during the forecast period 2016 to 2020.
This report by Technavio provides an in-depth analysis of the global conveyor ovens market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
|
END-USER |
MARKET SHARE 2015 (%) |
|
Restaurants |
65.49% |
|
Hotels |
19.18% |
|
Others |
15.33 |
Source: Technavio
Click here to request a free sample of this report
The top two revenue contributing product segments are discussed below
Global conveyor ovens market in restaurants: The increasing demand for pizzas and baked foods is primarily driving the growth in the global conveyor ovens market. The expansion of services that include offering delivery and takeaway services will boost the requirements for these ovens in the restaurant market. These chain restaurants have online websites and application services, which results in a higher demand for online delivery services. These services contribute to overall delivery and takeaway market which is valued at more than USD 89 billion in 2015.
“The commercial conveyor ovens help pizzerias to produce large volumes of pizza with baking consistency and crispy texture. These chains that have kitchen space constraints prefer to use stacked conveyor ovens to increase their productivity. The introduction of counter top models is gaining popularity in many restaurants, and it helps to prepare sub sandwiches, bake cookies, pretzels, biscuits, and cook appetizers, and sausages in their kitchen or during the buffet,” says Manu Gupta, a lead analyst at Technavio.
Global conveyor ovens market in hotels: The growing number of hotels are focusing on the proper design of commercial kitchens and install high-quality commercial kitchen equipment which will drive the market growth during the forecast period. The construction of various luxury hotels in the Middle East will result in the growth of the market.
Ask an analyst to know more about this report
The top vendors operating in the global conveyor ovens market are:
- Lincoln
- Middleby Marshall
- Moretti Forni
- Ovention
- Star Manufacturing International
Other prominent vendors in the market include Bakers Pride, TurboChef, Doyon, GGM Gastro International, OEM-ALI, PICARD OVENS, and XLT.
A more detailed analysis is available in the Technavio report titled, ‘Global Conveyor Ovens Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Commercial Oven Market 2017-2021
- Global Built-in Microwave Oven Market 2016-2020
- Global Wall Oven Market 2016-2020
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
