Market Overview
According to the report, the global Commercial Ovens market was valued at approximately USD 487 million in 2019 and is expected to generate revenue of around USD 1,171 million by 2026, growing at a CAGR of roughly 13.59% from 2019 and 2026.
The commercial oven is suitable for fast, even cooking and is ideal for dishes that must be baked, such as lasagna and other casseroles. The combination oven combines a convection oven with a steamer. They can cook a lot of vegetables for a fraction of the time they need to boil.
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Key Players
Key players in the Commercial Ovens market cover OEM - Pizza System, Tecnoeka, Blodgett, Doyon, AS Term, Electrolux Professional, PIRON, Elangrill, SALVA, Alpina, Josper, Convotherm, Forni Ceky, RETIGO, UNOX, Garland, Bakers Pride, TurboChef, Alto-Shaam, Vulcan, Hobart, Southbend, Waring, and Turbofan.
Market Drivers
Growing number of working women and preoccupied schedule of people in urban cities are likely to fuel the demand for ovens. A large part of new households comprises working singles who prefer to dine out rather than setting up their kitchen. Furthermore, robust growth of the hospitality sector and rising catering contracts for large-scale functions, seminars, and other social gatherings are also expected to stir up the demand for commercial appliances over the forecast period. Macroeconomic factors such as growing population, rising disposable income of consumers, and increasing awareness of different cooking media such as microwave oven, grills, and barbeques are projected to impact the market positively.
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Forecast by Geography
Global Commercial Ovens Industry Revenue (Million USD), Market Share (%), Growth Rate (%) by Regions in 2018
|
Regions |
Revenue (Million USD) |
CAGR 2019-2026(%) |
|
|
North America · United States · Canada · Mexico |
XXXX |
32.41% |
XXXX% |
|
Europe · Germany · UK · France · Italy · Nordic Countries · Spain · Belgium · Poland · Russia · Turkey · Others |
XXXX |
28.98% |
XXXX% |
|
Asia-Pacific · China · Japan · India · South Korea · Australia and New Zealand ASEAN Countries |
XXXX |
31.52% |
XXXX% |
|
Latin America, Middle East & Africa · GCC Countries · Brazil · Nigeria · South Africa · Argentina · Others |
XXXX |
7.09% |
XXXX% |
|
Total |
XXXX |
100% |
XXXX% |
Type Segment
l Deck oven
l Convection oven
l Conveyor oven
l Brick oven
Application Segment
l Restaurant
l Hotels
l Schools
l Bakery
l Other
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Target Audience
l Commercial Ovens manufacturers
l Distributors and resellers of Commercial Ovens
l Commercial Ovens industry associations
l Product managers, Commercial Ovens industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
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