The global conveyor oven market size is expected to reach USD 169.8 million by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 3.6% from 2021 to 2028. Increased need for cooking multiple products in less period will drive the demand for conveyor ovens. Reducing cooking time by 25% and consuming less temperature as compared to conventional ovens will attract a large number of restaurant and bakery chains, resulting in a growing demand for conveyor ovens. A conveyor oven is capable of preparing a large volume of food of a similar type without human intervention and uses belts to move food products through a heated chamber at a constant speed.
Manufacturers are coming up with new product developments with added features, like providing a digital display, which makes it easy to operate and adjust the speed and temperature. Cooking the food products in less time and at lower temperature with the help of air impingement benefits by saving energy and getting baked products in quick time. Manufacturers design the products in such a way that they are energy conservable by recycling the air from the heater to product, easily cleanable and serviceable, and consistent by delivering the product with perfect time.
The ability to provide perfect timely product with consistency, distributed workflow as raw food loading from one side and unloading from another side, and more cooking capacity in the same carpet area due to stackable and versatility of cooking lot of items at the same time are some of the key factors responsible for increasing the market demand.
The COVID-19 pandemic has brought economic slowdown all over the world. Many countries imposed a strict lockdown all over the states, which brought restrictions on the physical movement of people. All the shops, malls, and restaurants were closed during the period. Like other industries, the food equipment industry also witnessed a slowdown in economic growth during the pandemic period. The market for conveyor ovens was also affected negatively during the pandemic period. It is expected that as things get normalized post-2021, the food industry will also get on track, which will open new growth opportunities for conveyor ovens.
The report “Conveyor Oven Market Size, Share & Trends Analysis Report By Power Source (Electric, Gas), By Technology (Convection, Radiation), By Type (Countertop, Industrial/Heavy), By Region, And Segment Forecasts, 2021 - 2028” is available now to Million Insights.
Million Insights has segmented the global conveyor oven market on the basis of power source, technology, type, and region:
Conveyor Oven Power Source Outlook (Revenue, USD Million, 2017 - 2028)
Conveyor Oven Technology Outlook (Revenue, USD Million, 2017 - 2028)
Conveyor Oven Type Outlook (Revenue, USD Million, 2017 - 2028)
Conveyor Oven Regional Outlook (Revenue, USD Million, 2017 - 2028)