The global conveyor oven market size reached US$ 96.53 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 127.45 Million by 2028, exhibiting a growth rate (CAGR) of 4.80% during 2023-2028. The rapid expansion of the food and beverage (F&B) industry, widespread product utilization in various industries, and the introduction of smart conveyor ovens represent some of the key factors driving the market.
A conveyor oven is a thermal processing equipment used for baking, toasting, and cooking applications. It is comprised of several components, such as a conveyor belt, heating element, temperature controls, rollers, drive system, control panel, insulation, and exhaust system. Conveyor oven is manufactured using various durable materials, such as stainless steel, aluminum, Teflon, ceramic, and fiberglass. It is widely used in commercial kitchens, restaurants, cafeterias, bakeries, fast food chains, and industrial manufacturing. A conveyor oven is a versatile, user-friendly, and highly efficient device that offers long service life, requires low maintenance, reduces manual labor, and enhances safety. It also aids in increasing manufacturing speed, maintaining consistent quality, augmenting production rate, and improving overall efficiency. As a result, a conveyor oven finds extensive applications in food and beverage, packaging, textile, electronics, healthcare, aerospace, printing, and manufacturing industries.
Conveyor Oven Market Trends:
The rapid expansion of the food and beverage (F&B) industry is one of the primary factors propelling the market growth. A conveyor oven is widely used in commercial kitchens, bakeries, and food manufacturing plants to cook and process large quantities of products, such as sandwiches, pizzas, burgers, wraps, bread, pastries, bagels, croissants, muffins, potato chips, pretzels, meats, seafood, and snacks. In addition to this, the increasing number of fast-food chains and quick-service restaurants owing to changing dietary habits and rising disposable incomes is acting as another growth-inducing factor. Furthermore, the widespread product utilization in various industries, such as automotive, semiconductor, packaging, and electronics, to heat-treat, cure, anneal, and dry products, coatings, adhesives, and composite materials is providing an impetus to the market growth. Additionally, the introduction of smart conveyor ovens that are equipped with advanced control systems and sensors to optimize cooking time and temperature, ensure consistent quality, and provide real-time monitoring capabilities is positively influencing the market growth. Apart from this, the recent development of energy-efficient conveyor ovens that automatically switch to energy saver mode when food is not present, thus saving costs, improving efficiency, and promoting sustainability are contributing to market growth. Moreover, the growing demand for factory automation is facilitating product adoption as it reduces manual labor, increases processing speed, saves time, and enhances production rate. Other factors, including rapid industrialization, extensive research and development (R&D) activities, and the growing demand for convenience food products, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global conveyor oven market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type, technology, power source, distribution channel, and end use.
- Vertical Conveyor Oven
- Overhead Conveyor Oven
- Belt Conveyor Oven
- Chain-on-Edge Conveyor Oven
- Tunnel Conveyor Oven
The report has provided a detailed breakup and analysis of the conveyor oven market based on the type. This includes vertical, overhead, belt, chain-on-edge, tunnel, and other conveyor ovens. According to the report, belt other conveyor oven represented the largest segment.
A detailed breakup and analysis of the conveyor oven market based on the technology has also been provided in the report. This includes radiation and convection. According to the report, convection accounted for the largest market share.
Power Source Insights:
- Gas Conveyor Oven
- Electric Conveyor Oven
A detailed breakup and analysis of the conveyor oven market based on the power source has also been provided in the report. This includes gas and electric conveyor oven. According to the report, electric conveyor oven accounted for the largest market share.
Distribution Channel Insights:
- Direct Sales
- Indirect Sales
A detailed breakup and analysis of the conveyor oven market based on the distribution channel has also been provided in the report. This includes direct and indirect sales.
End Use Insights:
- Food Processing
A detailed breakup and analysis of the conveyor oven market based on the end use has also been provided in the report. This includes countertop, industrial/heavy, restaurants, food processing, bakery, and others.
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for conveyor oven. Some of the factors driving the North America conveyor oven market included rapid industrialization, increasing number of restaurants, and various product innovations.
The report has also provided a comprehensive analysis of the competitive landscape in the global conveyor oven market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Davron Technologies Inc., Dvorson's Food Service Equipment Inc., Infratrol LLC, International Thermal Systems, Lewco Inc., Mahan Oven And Engineering Co. Inc., Moretti Forni Spa, Oem Ali Group S.r.l, The Middleby Corporation, Wisconsin Oven Corporation, XLT Ovens, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis
||Vertical Conveyor Oven, Overhead Conveyor Oven, Belt Conveyor Oven, Chain-on-Edge Conveyor Oven, Tunnel Conveyor Oven, Others
|Power Sources Covered
||Gas Conveyor Oven, Electric Conveyor Oven
|Distribution Channels Covered
||Direct Sales, Indirect Sales
|End Uses Covered
||Countertop, Industrial/Heavy, Restaurants, Food Processing, Bakery, Others
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Davron Technologies Inc., Dvorson's Food Service Equipment Inc., Infratrol LLC, International Thermal Systems, Lewco Inc., Mahan Oven And Engineering Co. Inc., Moretti Forni Spa, Oem Ali Group S.r.l, The Middleby Corporation, Wisconsin Oven Corporation, XLT Ovens, etc.
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Key Questions Answered in This Report:
- How has the global conveyor oven market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global conveyor oven market?
- What is the impact of each driver, restraint, and opportunity on the global conveyor oven market?
- What are the key regional markets?
- Which countries represent the most attractive conveyor oven market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the conveyor oven market?
- What is the breakup of the market based on technology?
- Which is the most attractive technology in the conveyor oven market?
- What is the breakup of the market based on power source?
- Which is the most attractive power source in the conveyor oven market?
- What is the breakup of the market based on distribution channel?
- Which is the most attractive distribution channel in the conveyor oven market?
- What is the breakup of the market based on end use?
- Which is the most attractive end use in the conveyor oven market?
- What is the competitive structure of the global conveyor oven market?
- Who are the key players/companies in the global conveyor oven market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the conveyor oven market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global conveyor oven market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the conveyor oven industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.