Conveyor ovens refer to ovens which are used in the food service industry and comprise one or more belts to efficiently move the food product through a heated chamber. The commercial oven market is classified into different types which include convection ovens, conveyor ovens, deck ovens and brick ovens. Convection and deck ovens are mostly applicable to bakeries, pizzerias, and independent restaurants, whereas brick ovens are mostly used by premium hotels and independent pizza outlets for making pizzas. Conveyor ovens are mostly preferred by the pizzerias which provide delivery and takeaway services, whereas they are used by bakeries and catering companies for different menus.
On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Conveyor Ovens market projected to grow at a CAGR of 3.75% during the period 2017-2021.
Conveyor Ovens Market Drivers, Challenges and Trends: –
Market Driver: – One driver in the market is increasing focus on energy conservation. many food service establishments like pizzerias have intense competition over prices, and most of them are looking to increase their profit margin by minimizing their operating costs. to leverage on this opportunity, many conveyor oven manufacturers are also increasing their focus on providing technologies, which conserve energy and save money of the pizzerias. for instance, conveyor oven manufacturers such as middleby marshall, oem-ali and lincoln are providing energy saving technologies, which includes middleby marshall wow conveyor oven model, which has automatic “energy eye” technology and reduces energy consumption when food is not inside the oven chamber. similarly, oem-ali also provides conveyor oven, which has standby controls allowing equipment to economize the energy consumption. these innovations in the energy conservation technologies help in saving about 30% of energy.
Market Challenge: – One challenge in the market is growing preference for used conveyor ovens. most of the commercial kitchen operators prefer to use high-end conveyor ovens to increase their productivity and operating efficiency based on the demand for respective food. however, many smaller independent food service outlets and pizzerias also prefer used equipment, which they get at reduced prices. smaller independent outlets are more price-sensitive and focus on increasing the profit margins. in addition, due to more number of movable components in conveyor ovens, most of the leading manufacturers provide product warranty of only one year or less. all the above factors contribute to the increasing preference of used conveyor ovens by many foodservice establishments.