The commercial oven for bakery market is anticipated to witness a moderate CAGR of 4.7% over the forecast period, indicating steady growth prospects. As of 2023, the market is valued at US$ 1092 million, with projections estimating a rise to US$ 1,635.5 million by 2033.
The surge in demand for baked goods has propelled the popularity of commercial ovens for bakeries. Restaurants, hotels, and bakeries alike are witnessing a rise in demand for these ovens, driven by shifting consumer preferences towards foods like pizzas, burgers, and pastries. As these items become more mainstream, the need for efficient and reliable commercial ovens has become paramount in meeting customer expectations and sustaining business growth.
Manufacturers are increasingly focusing on energy conservation and incorporating energy-efficient designs into their commercial ovens. This trend stems from consumer demand for ovens that can help save on electricity costs while still delivering optimal performance.
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Category-wise Insights
Electrically Operated Segment & Process Type Gaining Prominence
Electrically Operated – By Operation Type Electrically operated commercial ovens for bakeries have emerged as the dominant segment within the operation type category, capturing significant market shares in recent years. Projected to grow at a substantial rate, this segment is anticipated to register a CAGR of 4.4%. During the base period of 2017 to 2022, the electrically operated segment demonstrated a historical CAGR of 3.7%. Several factors contribute to the steady advancement of electrically operated commercial ovens for bakeries:
- Increasing Demand: The rising number of restaurants and hotels, which require large volumes of food reheating and defrosting, drives the demand for electric ovens. These establishments find electric ovens versatile and suitable for various applications.
- Sturdy Design: Electric ovens are known for their robust construction, standard finishes, and higher efficiency compared to other types.
- Easy Maintenance: Electric ovens are relatively easier to clean and maintain, as they do not rely on gas connections that can become clogged with grease and debris over time.
Key Segments
By Operation Mode:
- Gas Operated
- Electrically Operated
By Installation Type:
- Free Standing
- Table Top
By Process:
- Batch
- Process
By Sales Channel:
- Offline
- Online
{Food Equipment Speciality Retailers, Brand Franchised Stores, Modern Trade, E-commerce Platforms, Others}
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
Recent Developments:
- Alto-Shaam: In August 2021, Alto-Shaam introduced the Vector H Series Multi-Cook Oven line, featuring a spacious chamber capable of cooking 16-inch pizzas and baking multiple items simultaneously without flavor transfer.
- Hafele: Hafele launched a high-performance baking oven in May 2021, known for its precise temperature control, ensuring perfectly cooked meat and vegetables while reducing cooking time.
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