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Under the Background of COVID-19, the Conveyor Oven Market May Shrink in 2020

The conveyor oven moves the food through the heating chamber at a constant speed. The speed and temperature of the conveyor belt are adjustable to stably cook many similar products. Use forced air shock, radiant heat or infrared heat to cook food. Compared to conventional ovens, the timing of the product is perfect. Which can prevent food from drying out. Forced air cooking in an impingement oven creates a film around the food, which helps the food to cook faster while retaining moisture. Using a lower-skilled labor pool will reduce labor costs. Get more capacity in the same space. Separate cooked and raw foods because they are loaded from one side and unloaded from the other, so they can be divided between the kitchens. The belt width, whether it is a double belt, the style of the control panel, and whether it can be stacked are the factors that need to be considered when buying a conveyor oven.

The outbreak of COVID-19 is affecting almost every region in the world. Each region has been affected by a significant growth and demotion. Emerging markets and developing economies will be hit by economic resistance from multiple quarters: a weak medical system, losses in trade and tourism, reduced remittances, insufficient capital flows, and increasing debt pressures that have led to tight financial conditions. And the outbreak of COVID-19 will aggravate the phenomenon of poverty and inequality. The sharp economic contraction marked the worst contraction since the Great Depression in the 1930s.

COVID-19 Outbreak-Global Conveyor Oven Industry Market Current Situation in 2020

The impact of COVID-19 on the conveyor oven industry will involve all major links and all entities in the industry chain. The raw materials of conveyor oven are refractory materials and stainless-steel. As factories need to protect workers and help curb the spread of the COVID-19 virus, as the factory closes elsewhere, the damage to the production supply chain is expected to intensify further, such as shortages of raw materials, increased raw material price fluctuations, and labor shortages. In addition, sales of conveyor oven were affected due to restrictions on movement. The expected lower demand may cause some conveyor oven manufacturers to adjust output throughout the year.

The management of company efficiency has declined, commuting has been severely impeded, production plans have been severely impeded, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee income have been damaged. The impact on the conveyor oven industry depends on the prevention and control effects of COVID-19. COVID-19 has a huge impact on the operation of the industry, of which the impact on SMEs is more obvious. The suspension of production not only exacerbates the shortage of funds for SMEs but also reduces the solvency of the enterprise and may affect production and sales. Some enterprises have difficulty operating and even go bankrupt. Therefore, the conveyor oven market may shrink this year.

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In 2019, the top three companies covered a market share of 56.08%. And the market value of this industry decreases from 117.04M USD in 2019 to 109.31M USD in 2020. This industry is facing fierce competition, and there are already many companies doing business in the industry. First of all, they are very concerned about the needs of customers, and customers who are willing to spend time in researching and analyzing the products that have been issued return. Secondly, they attach great importance to research and development and product innovation. For example, many companies are cultivating key technological advantages. As customers demand higher and higher taste, conveyor oven also need technological innovation to keep up with the needs of the times. The conveyor oven industry not only faces competition from the same industry, but the development of alternatives also threatens the development of the industry. The most typical is the pizza oven. In order to expand market share, many companies and media have vigorously promoted that pizza ovens can make food have a better taste. This kind of commercial behavior has undoubtedly intensified cross-industry competition and limited the development of the conveyor oven industry to a certain extent.

Global Conveyor Oven Industry Market Forecast

Although the current shutdown is disruptive, but as the epidemic is controlled step by step, the restaurants and hotels, the two major application fields of conveyor oven, some demand will appear later this year. In the food service industry, labor costs are also one of the larger expenditures. The conveyor oven does not require constant maintenance, which allows the kitchen staff to perform multiple tasks, thereby saving more manpower. In addition, due to the large turnover of employees in the food service industry, it is still a challenge to train the right people quickly in most restaurants. Conveyor ovens require lower kitchen skills, which can save money by reducing training time and hiring cheap employees.

Economic globalization and the development of the Internet have promoted global political, economic, and cultural communications, and the downstream industry of pizza oven has been greatly affected. For example, pizza, as one of the representatives of Western cuisine, has become a popular cuisine in Asia after localization. The development of tourism has brought new blood to the local restaurants a steady stream of tourists. These factors have enhanced the development of downstream industries (mostly referred to as pizza restaurants), resulting in increasing demand for conveyor oven, thereby promoting the development of the entire industry. As the largest revenue market, Europe will realize a market value of 66.48M USD by 2025 and reach a production of 6303 units, and the global market value will reach 153.46M USD.

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