The global conveyor oven market was valued at around USD 82.07 Million in 2022 and is projected to exceed USD 104 Million by 2031, expanding at a CAGR of 2% during the forecast period, from 2023 to 2031. A conveyor oven is an important equipment in the food service industry. These ovens are used in automated production of food and are designed to fit into a specific manufacturing process. Conveyor ovens are batch ovens that operate with product moving through it. The conveyor oven is used for high production volumes, production automation, and process flexibility.
A conveyor oven includes one or more belts to move the food efficiently at a required speed through a heated chamber. As per the requirement, the speed and temperature can be controlled. The food inside the oven is being cooked using infrared heat, radiant-based heat, or air impingement. The uses of conveyor oven includes drying, pre-heating, baking, tempering, aging, annealing, curing (coatings and adhesives), stress relieving, and bonding.
Market Trends, Drivers, Restraints, and Opportunities
Increasing expenditure on food products by consumers is driving the market.
Growing restaurant businesses across the globe is boosting the market.
Rising investments in R&D activities and increasing advancements in technology in the food service equipment for food preparation are propelling the market.
Advancements in technology such as air-impingement technology, helps in controlling the temperature and air flow within the baking chamber, which in turns, reduce the preparation time. Such advancements are fueling the demand for conveyer ovens among end-users.
High cost of the conveyor oven hampers the market.
Growing manufacturing of innovative conveyor oven equipped with easily removable panels, multiple stacks, and advance sensor technology are anticipated to provide lucrative opportunities to the players during the forecast period.
Scope of Conveyor Oven Market Report
The report on the global conveyor oven market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Conveyor Oven Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Product Types (Countertop Conveyor Oven and Industrial Conveyor Oven), Applications (Restaurants, Hotels, Bakery, and Others), Power Sources (Electric and Gas), Technology (Convection and Radiation)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Westran Thermal Processing, International Thermal Systems, SAKAV OVENS DRYERS & FURNACES, LEWCO, Inc., HeatTek Inc., Wisconsin Oven Corporation, Thermal Product Solutions, Kerone, The Grieve Corporation, MV International, PICARD OVENS INC., Star Manufacturing, Infratrol, LLC, Italforni Pesaro s.r.l., and Mahan Oven & Engineering Co., Inc.
Conveyor Oven Market Segment Insights
Industrial conveyor oven segment to hold significant market share
In the terms of product types, the conveyor oven market can be bifurcated into countertop conveyor oven and industrial conveyor oven. The industrial conveyor oven segment held a considerable share of the market in 2020 due to the mass production, reduced time spent on the processes. The demand for industrial conveyor oven is increasing due to its quick heating capability. The countertop conveyor oven segment is anticipated to grow at a considerable pace during the forecast period, as it requires less space and is less costly.
Restaurant segment held substantial market share
On the basis of applications, the market can be fragmented into restaurants, hotels, bakery, and others. The restaurants segment constituted a significant share of the market in 2020 and is projected to expand at a rapid pace during the forecast period. Conveyor oven helps in timely production and delivery at a consistent basis.
Electric segment held significant market share
Based on power sources, the conveyor oven market can be segregated into electric and gas. The electric segment held a significant share of the market during the forecast period, as electricity is more cost-efficient and is less prone to fire as compared to the gas conveyor oven. Electric conveyor ovens do not emit gasses such as carbon monoxide. Increasing demand for sustainable sources of energy boosts the demand for electric conveyor oven.
Convection segment is projected to hold significant market share
In terms of technology, the market can be divided into convection and radiation. The convection segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period. The radiation segment is anticipated to grow at a considerable pace during the forecast period, as these are fast and offer various convenient cooking features.
North America dominates the global market
On the basis of regions, the global conveyor oven market can be split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America constituted a significant share of the market in 2020 due to the growth in the bakery industry in the region, which in turn, increased the demand for conveyor ovens. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period due to growing number of pizzerias, thus fueling the demand for conveyor ovens in the region.
By Product Types
- Countertop Conveyor Oven
- Industrial Conveyor Oven
By Power Sources
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
By Key Players
- Westran Thermal Processing
- International Thermal Systems
- SAKAV OVENS DRYERS & FURNACE
- LEWCO, Inc.
- HeatTek Inc.
- Wisconsin Oven Corporation
- Thermal Product Solutions
- The Grieve Corporation
- MV International
- PICARD OVENS INC.
- Star Manufacturing
- Infratrol, LLC
- Italforni Pesaro s.r.l.
- Mahan Oven & Engineering Co., Inc.
Key players are focused on improving the efficiency of conveyor ovens due to high competition in the market. Manufacturers are focusing on adding features in the ovens that increase the production capacity and reduce the cooking time. Key players are providing options to use split belt in conveyors. The air flow, speed, and temperature can be controlled by operators to achieve menu differentiation in relatively less time.
Key players in the global conveyor oven market include Westran Thermal Processing, International Thermal Systems, SAKAV OVENS DRYERS & FURNACES, LEWCO, Inc., HeatTek Inc., Wisconsin Oven Corporation, Thermal Product Solutions, Kerone, The Grieve Corporation, MV International, PICARD OVENS INC., Star Manufacturing, Infratrol, LLC, Italforni Pesaro s.r.l., and Mahan Oven & Engineering Co., Inc.