Global Commercial Oven For Bakery Market Overview
As per MRFR analysis, the Commercial Oven for Bakery Market Size was estimated at 4.07 (USD Billion) in 2022. The Commercial Oven For Bakery Market Industry is expected to grow from 4.23 (USD Billion) in 2023 to 6.1 (USD Billion) by 2032. The Commercial Oven for Bakery Market CAGR (growth rate) is expected to be around 4.14% during the forecast period (2024 - 2032).
Key Commercial Oven For Bakery Market Trends Highlighted
The landscape of the world’s dynamic commercial oven for the bakery market is being shaped by several trends. One such trend is the growing demand for ovens that are energy efficient and can help bakeries reduce their operational costs and achieve sustainability targets. Technological advancements have led to the production of improved ovens with better insulation, distribution of heat as well as heat controls, hence significant energy savings. Bakeries, too, could integrate automation and smart features into their systems to enable them to optimize production processes while cutting down on labor expenses, leading to higher overall efficiency.
An upward trajectory of artisanal and specialty bakeries has also been observed, which necessitates more versatile high-performance ovens that can cater to a variety of baking needs. These establishments prioritize quality and customization, requiring ovens that offer accurate temperature control, even baking, and versatility in product size. Moreover, the growth in online food delivery services and e-commerce platforms provides an opportunity for commercial oven manufacturers to create small-sized compact units that would cater to bakers running from limited spaces or home kitchens.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Commercial Oven For Bakery Market Drivers
Growing Demand for Convenient and Healthy Food Options
The increasing demand for convenient and healthy food options is driving the growth of the Commercial Oven for Bakery Market Industry. Consumers are looking for quick and easy ways to prepare meals, and commercial ovens offer a convenient solution. Additionally, commercial ovens can be used to prepare a variety of healthy foods, such as baked goods, pizzas, and roasted vegetables. This is leading to increased adoption of commercial ovens in both commercial and residential settings.
Technological Advancements
The development of various technologies is another leading factor that fuels the growth of the Global Commercial Oven for the Bakery Market Industry. The latest technology has seen commercial ovens being designed with more advanced features such as digital controls, automatic temperature controls, and self-cleaning functions. Moreover, the ovens that are being developed are easier to use; hence, they can be adopted in the food service equipment.
Rising Disposable Income
Rising disposable income is also contributing to the growth of the Commercial Oven for Bakery Market Industry. As consumers have more money to spend, they are increasingly likely to purchase high-quality appliances, such as commercial ovens. This is leading to increased demand for commercial ovens in both developed and developing countries.
Commercial Oven For Bakery Market Segment Insights
Commercial Oven For Bakery Market Type Insights
The Commercial Oven for Bakery Market is segmented by Type into Deck Ovens, Convection Ovens, Revolving Rack Ovens, Pizza Ovens, and Other Types. By the end of 2022, Deck Ovens were responsible for the largest slice of the market and they will stay on top for five years ahead. Commercial ovens that are popular with several bakers are called deck ovens because they distribute heat evenly to produce uniform baking results. Furthermore, what distinguishes Deck Ovens is their versatility, as they can bake different items such as bread, pastries and pizzas.
Moreover, convection ovens are the type of product that is mostly liked and will have maximum CAGR during the projection period. This kind of oven has fans that assist in circulating hot air, thus making cooking occur quickly and uniformly. For instance, it is ideal for baking cookies or cakes where one wants them to come out crispy outside but fluffy inside. Revolving rack ovens have rotating racks in their bodies so that products inside can be exposed evenly to heat. To make large lots of slices of bread and rolls, commercial bakers often rely on revolving rack ovens.
Pizza ovens are devices used primarily for baking pizza. They have high temperatures and refractory stones like those found in a wood-fired oven, thereby simulating the same conditions. In many urban areas, modern consumers are now seeking specialized shops that only sell pizza made from brick ovens characterized by their crispy crust and tantalizing toppings. Other classifications of commercial ovens are Microwave Ovens, Impingement Ovens and Tunnel Ovens, among others. These products are intended for particular purposes and have different benefits; thus, some, such as microwave ovens, can be used for reheating or quick cooking.
Impingement ovens use fast-flowing hot air to cook food within no time. Tunnel ovens are continuous baking systems usually adopted by large-scale bakeries. The market for Global Commercial Oven Bakery will rise gradually over the forecast period because of the increasing bakery requirements and the expanding food service industry. Furthermore, it will be driven by the rising adoption of convenience foods and increased demand for artisanal breads plus pastries.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Commercial Oven For Bakery Market Fuel Type Insights
The Commercial Oven for Bakery Market is segmented by Fuel Type into Electric, Gas, and Other Fuel Types. Electric ovens accounted for the largest revenue share in 2023, and they are expected to remain the dominant product segment throughout the forecast period. Electric ovens offer even heating and precise temperature control, which is important when baking a wide variety of products.
Gas ovens are also popular in the market for commercial bakery equipment since they provide fast baking times and high heat output. Other fuel types, which include wood-fired ovens, are gaining popularity in the segment of artisanal bakeries. The use of wood creates a unique flavor and aroma of baked goods, making wood-fired ovens popular for creating special types of bread and pizza.
Commercial Oven For Bakery Market Capacity Insights
The Commercial Oven for Bakery Market is segmented by capacity into small (below 500 loaves/hour), medium (500-1000 loaves/hour), and large (over 1000 loaves/hour). The medium capacity segment is expected to account for the largest share of the market in terms of revenue by 2024. This is due to the growing demand for medium-sized ovens from small and medium-sized bakeries.
The large capacity segment is expected to witness the highest growth rate during the forecast period. This is attributed to the increasing demand for large-scale ovens from industrial bakeries to meet the growing demand for baked goods. The small capacity segment is expected to account for a significant share of the market, primarily driven by the increasing popularity of home baking and the growing demand for small-scale ovens from artisan bakeries.
Commercial Oven For Bakery Market Automation Level Insights
The Commercial Oven for Bakery Market's automation level segment plays a crucial role in shaping the market dynamics. In 2023, the semi-automatic segment held a significant market share, accounting for approximately 42.5% of the global revenue. Semi-automatic ovens offer a balance between manual labor and automation, providing bakers with greater control over the baking process while streamlining operations. Fully automatic ovens, on the other hand, are projected to witness notable growth in the coming years, driven by the increasing demand for efficiency and productivity in the bakery industry.
By 2032, fully automatic ovens are anticipated to capture a market share of around 30.2%, owing to their ability to handle high-volume production and reduce labor costs. Manual ovens, while still prevalent in smaller bakeries and artisan operations, are expected to maintain a steady market presence, contributing to the overall growth of the commercial oven for the bakery market.
Commercial Oven For Bakery Market End Use Insights
The end-user segment of the Commercial Oven for Bakery Market holds significant importance in understanding the diverse applications of commercial ovens in the bakery industry. Bakery shops represent a major end-use segment, accounting for a substantial share of the market. These establishments rely on commercial ovens to produce a wide range of baked goods, including bread, pastries, cakes, and cookies. The growing popularity of artisanal bakeries and the increasing demand for fresh, high-quality baked goods are expected to drive growth in this segment.
Industrial bakeries, another key end-use segment, utilize commercial ovens for large-scale production of baked goods. These bakeries cater to the needs of retail stores, food service establishments, and other commercial customers. With the increasing demand for packaged and processed food products, the industrial bakery segment is poised for significant growth. Food service establishments, including restaurants, cafes, and hotels, constitute a growing end-use segment for commercial ovens. These establishments require ovens for baking pizzas, bread, pastries, and other baked goods to meet the needs of their customers.
The rising popularity of food delivery and takeout services is expected to contribute to the growth of this segment. Other end uses of commercial ovens include research and development facilities, educational institutions, and home-based businesses. These segments represent a smaller but growing portion of the market, with niche applications for commercial ovens. As the bakery industry continues to evolve, new and innovative applications for commercial ovens are likely to emerge, further expanding the end-use segmentation of the market.
Commercial Oven For Bakery Market Regional Insights
The Commercial Oven for Bakery Market is segmented into North America, Europe, APAC, South America, and MEA. North America is expected to hold the largest market share, followed by Europe. The growth in the APAC region is attributed to the increasing demand for baked goods in countries such as India, China, and Indonesia. Key factors driving the market growth include the increasing demand for baked goods, the rising popularity of home baking, and the growing number of bakeries and pastry shops.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Commercial Oven For Bakery Market Key Players And Competitive Insights
The key players present in the Commercial oven for bakery market are engaged in expanding their presence on a global scale and enriching their product portfolio to keep their position in the market competitive. The leading market incumbents are quite active in carving out a strong niche in the market with strategic partnerships, acquisitions and collaborations. For example, Rational AG and Welbilt, Inc. entered into a strategic partnership in the year 2022 to develop an all-new cooking suite tailored for a professional kitchen. This strategic partnership will bring core innovative technologies for consolidating both companies' positions in commercial food infrastructure, providing the product portfolio with a global distribution network and creative flair, offering a large market share for the players.
The industry players invested in commercial oven or baking machinery markets remain highly competitive with established players such as multinational corporations and, regional manufacturers and specialty businesses. Key market players employ cutting-edge technology, established distribution channels, and reputable brand names to maintain their market position. Along with the addition of new products major market players also frequently engage in continuous product development and partnerships with other key players.
The notable competitor present in the commercial oven for the bakery market is WP Haton Corporation. WP Haton is an American company that offers a wide range of commercial ovens, such as static ovens, convection ovens and combi-ovens. With more than a century of presence the company has brought in high-quality commercial ovens and innovative designs of ovens. The company is globally known for manufacturing ovens that are durable, efficient and technologically advanced, offering a wide range of uses to a number of bakeries and foodservice businesses across the globe. With a notable emphasis on research and development, the company has been able to produce ovens on a pan-global scale and hence can be considered a notable competitor in commercial ovens for the bakery market.
Key Companies in the Commercial Oven For Bakery Market Include
- Wolf
- Electrolux
- Bertos
- Bongard
- Hobart
- Sveba Dahlen
- Pavailler
- Blodgett
- XLT Ovens
- Cuppone Industria Alimentare
- Wiesheu
- Miwe
- Lincat
- Rational
- Maremonti
Commercial Oven For Bakery Market Industry Developments
The Commercial Oven for Bakery Market is projected to reach USD 6.1 billion by 2032, exhibiting a CAGR of 4.14% during the forecast period (2024-2032). The growing demand for baked goods, particularly in emerging economies, is a key driver of market growth. Moreover, advancements in oven technology, such as the development of energy-efficient and automated models, are further propelling market expansion.
Recent news developments in the market include the launch of new products by leading manufacturers.
For instance, in 2023, Rational AG introduced the iCombi Pro, a combi oven designed to enhance productivity and reduce operating costs. Additionally, the acquisition of smaller players by larger companies is shaping the competitive landscape.
In 2022, Welbilt Inc. acquired Merrychef, a leading manufacturer of high-speed ovens, to strengthen its position in the bakery equipment market.
Commercial Oven For Bakery Market Segmentation Insights
-
Commercial Oven For Bakery Market Type Outlook
- Deck Ovens
- Convection Ovens
- Revolving Rack Ovens
- Pizza Ovens
- Other Types
-
Commercial Oven For Bakery Market Fuel Type Outlook
-
- Electric
- Gas
- Other Fuel Types
-
Commercial Oven For Bakery Market Capacity Outlook
-
- Small (Below 500 loaves/hour)
- Medium (500-1000 loaves/hour)
- Large (Over 1000 loaves/hour)
-
Commercial Oven For Bakery Market Automation Level Outlook
-
- Manual
- Semi-Automatic
- Fully-Automatic
-
Commercial Oven For Bakery Market End Use Outlook
-
- Bakery Shops
- Industrial Bakeries
- Food Service Establishments
- Other End Uses
-
Commercial Oven For Bakery Market Regional Outlook
-
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Report Attribute/Metric |
Details |
Market Size 2022 |
4.07(USD Billion) |
Market Size 2023 |
4.23(USD Billion) |
Market Size 2032 |
6.1(USD Billion) |
Compound Annual Growth Rate (CAGR) |
4.14% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
Wolf, Electrolux, Bertos, Bongard, Hobart, Sveba Dahlen, Pavailler, Blodgett, XLT Ovens, Cuppone Industria Alimentare, Wiesheu, Miwe, Lincat, Rational, Maremonti |
Segments Covered |
Type, Fuel Type, Capacity, Automation Level, End Use, Regional |
Key Market Opportunities |
1 Rising bakery industry Estimated market value of US300 billion in 2022, growing at 45 CAGR until 20322 Increasing demand for convenience foods, Packaged baked goods and frozen doughs driven by urbanization and changing lifestyles3 Advancements in oven technology Innovations in energy efficiency temperature control and automation enhancing quality and efficiency4 Growing popularity of artisan bakeries Emphasis on craft and unique flavors driving demand for specialized ovens5 Increasing demand for glutenfree and specialty baked goods Rising prevalence of dietary restrictions and health consciousness |
Key Market Dynamics |
1 Increasing demand for convenience foods2 Rapid urbanization and rising disposable income3 Growing awareness of healthy eating habits4Technological advancements and innovation5Expansion of e-commerce |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Commercial Oven for Bakery Market is expected to reach a value of USD 4.23 billion in 2023 and is projected to grow at a CAGR of 4.14% to reach USD 6.1 billion by 2032.
North America is expected to hold the largest market share in the Commercial Oven for Bakery Market. The region is home to a large number of commercial bakeries and food processing facilities, which drives the demand for commercial ovens.
The bakery segment is expected to hold the largest market share in the Commercial Oven for Bakery Market. The demand for commercial ovens is primarily driven by the growing demand for baked goods such as bread, pastries, and cakes.
Some of the key competitors in the Commercial Oven for Bakery Market include Rational AG, Middleby Corporation, The Hobart Corporation, and Welbilt, Inc.
The key trends driving the growth of the Commercial Oven for Bakery Market include the rising demand for baked goods, the increasing popularity of home baking, and the growing adoption of advanced technologies in commercial ovens.
The challenges faced by the Commercial Oven for Bakery Market include the high cost of commercial ovens, the intense competition in the market, and the stringent regulations governing the food industry.
The growth opportunities for the Commercial Oven for Bakery Market include the increasing demand for baked goods in developing countries, the growing popularity of online food delivery services, and the rising adoption of automation in commercial bakeries.
The COVID-19 pandemic had a negative impact on the Commercial Oven for Bakery Market in the short term. However, the market is expected to recover in the long term as the demand for baked goods rebounds.
The key factors to consider when selecting a commercial oven for a bakery include the size of the oven, the type of oven, the energy efficiency of the oven, and the cost of the oven.
The latest innovations in the Commercial Oven for Bakery Market include the development of ovens with advanced features such as automatic temperature control, programmable baking cycles, and remote monitoring capabilities.