Global Commercial Oven Market Overview
As per MRFR analysis, the Commercial Oven Market Size was estimated at 22.1 (USD Billion) in 2022.The Commercial Oven Market Industry is expected to grow from 23.16(USD Billion) in 2023 to 35.3 (USD Billion) by 2032. The Commercial Oven Market CAGR (growth rate) is expected to be around 4.8% during the forecast period (2024 - 2032).
Key Commercial Oven Market Trends Highlighted
Key market trends like market evolution of technology, emphasis on sustainability, and changes in customer taste are playing a critical role in determining the commercial oven market. The commercial oven market is gaining momentum owing to the presence of technological innovations in precision temperature control, programmable cooking cycles, and energy-efficient oven designs.
Growing inclination of people towards green consumerism is leading to the consumption of sustainable commercial ovens which use less energy and have sustainable characteristics as well. In addition to these, soccer consumers have increased the demand of commercial ovens for various types of cooking and several cuisines, which in turn enhances the demand for such versatile ovens. Engaging in smart ovens possessed with IoT features and monitoring features poses great opportunity to increasing efficiency and delivering data driven insights. All of these patterns are cultivating the market for competition and promoting growth and progress of the designs in the commercial ovens market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Commercial Oven Market Drivers
Rising Demand for Fast and Convenient Food Preparation
The increase in the preference for fast food and convenience meals has massively driven the demand for commercial ovens. These additional huge-sized machines can quickly prepare relatively big amounts of food. This property has become critical in the food industry. Businesses such as working restaurants and food service establishments depend on these tools to manage their fast-paced trends.
On the other hand, the rising number of working women and dual-income household heads is also influencing the demand for these machines as it is easier to prepare meals at home.Thus, according to the prospect of the Commercial Oven Market Industry, the global market will grow exponentially in the next few years since there is an increasing demand for fast and convenient food preparation means.
Technological Advancements and Innovations
The commercial oven market is constantly evolving, with new technologies and innovations being introduced all the time. These advancements are making commercial ovens more efficient, versatile, and user-friendly. For example, some of the latest commercial ovens feature advanced cooking modes, such as convection cooking and steam cooking, which can help to improve the quality and consistency of cooked food. Other innovations include self-cleaning features, which can save time and labor costs.
The Commercial Oven Market Industry is expected to benefit from these technological advancements and innovations, as they make commercial ovens more attractive to potential buyers.
Growing Awareness of Health and Nutrition
Consumers are becoming increasingly aware of the importance of health and nutrition, which is leading to a growing demand for healthy and nutritious food options. Commercial ovens can be used to prepare a variety of healthy and nutritious dishes, such as grilled chicken, roasted vegetables, and baked goods. The Commercial Oven Market Industry is expected to benefit from this growing awareness of health and nutrition, as commercial ovens can help to meet the demand for healthy and nutritious food options.
Commercial Oven Market Segment Insights:
Commercial Oven Market Product Type Insights
The Commercial Oven Market is segmented by product type into electric ovens, gas ovens, convection ovens, and combination ovens. Electric ovens are the most popular type of commercial oven, accounting for over 50% of the market share in 2023. This is due to their versatility and ease of use. Gas ovens are another popular choice, accounting for around 30% of the market share. Gas ovens are more efficient than electric ovens, but they require a gas line to operate. Convection ovens use a fan to circulate hot air around the food, which results in faster and more even cooking.
This growth is being driven by the increasing demand for commercial ovens from the foodservice industry. The foodservice industry is growing rapidly, as more and more people are eating out. This is leading to an increased demand for commercial ovens, as restaurants and other food service establishments need to be able to cook food quickly and efficiently. The Commercial Oven Market is a competitive market, with a number of major players. Some of the key players in the market include Rational, Welbilt, Middleby Corporation, and The Manitowoc Company.
These companies are constantly innovating and developing new products to meet the needs of the foodservice industry. The Commercial Oven Market is a mature market, but there is still room for growth. The market is expected to grow at a steady pace over the next few years, as the food service industry continues to grow.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Commercial Oven Market Capacity Insights
The Commercial Oven Market is segmented by capacity into small (100 liters), medium (100-500 liters), and large (>500 liters). The small capacity segment is expected to account for the largest share of the market in 2023, due to the increasing demand for compact and energy-efficient ovens in small businesses and foodservice establishments. The medium capacity segment is also expected to witness significant growth, as it caters to the needs of mid-sized restaurants and bakeries.
The large capacity segment is expected to account for a smaller share of the market due to its higher cost and specialized applications.However, it is expected to grow at a steady pace as demand for large-scale baking and roasting operations increases in the food industry.
Commercial Oven Market Application Insights
The Commercial Oven Market segmentation by Application comprises Bakery Confectionery, Food Processing Catering, Restaurants Hotels, and Commercial Kitchens. The Commercial Oven for Bakery Confectionery segment held the largest revenue share in 2023, attributed to the rising demand for baked goods such as bread, pastries, and cakes.
The Food Processing Catering segment is projected to witness significant growth over the forecast period, owing to the increasing adoption of commercial ovens in food processing facilities and catering services. Restaurants Hotels segment is also expected to contribute to the market growth, driven by the expansion of the hospitality industry and the growing popularity of dining out.Commercial Kitchens segment is anticipated to grow at a steady pace, supported by the increasing number of commercial kitchens in schools, hospitals, and other institutions.
Commercial Oven Market Control Type Insights
Control Type Segment Insights and Overview The Commercial Oven Market segmentation by Control Type includes Manual, Semi-Automatic, and Fully-Automatic. The Fully-Automatic segment held the largest market share in 2023, accounting for over 45% of the Commercial Oven Market revenue. This dominance is attributed to the increasing adoption of advanced technologies and the need for efficient and labor-saving solutions in commercial kitchens.
The Semi-Automatic segment is expected to witness significant growth in the coming years due to its affordability and ease of use.The Manual segment, while still widely used in smaller establishments, is expected to decline in market share as businesses invest in more automated solutions. Overall, the Commercial Oven Market is driven by the growing food and beverage industry, urbanization, and the rising demand for convenience and efficiency in commercial kitchens.
Commercial Oven Market End User Insights
The Commercial Oven Market is segmented into various end-user industries, including commercial (businesses and institutions) and industrial (manufacturing facilities). The commercial segment is expected to account for a larger share of the market in 2024, owing to the growing demand for commercial ovens in restaurants, hotels, and other foodservice establishments. The industrial segment is also expected to witness significant growth during the forecast period, driven by the increasing demand for ovens in manufacturing facilities for various industrial processes, such as baking, drying, and curing.
The Commercial Oven Market is estimated to be valued at USD 23.16 billion in 2023 and is projected to reach USD 35.3 billion by 2032, exhibiting a CAGR of 4.8% during the forecast period. The market growth is attributed to the rising demand for efficient and versatile cooking equipment in commercial and industrial settings, increasing urbanization and population growth, and the expanding food and beverage industry.
Commercial Oven Market Regional Insights
Regionally, the market is segmented into North America, Europe, APAC, South America, and MEA. North America held the largest market share in 2023, accounting for about 35% of the global revenue. The region's market growth is primarily driven by the increasing demand for commercial ovens in the food service industry, particularly in the quick-service restaurant segment. Europe is another significant market, representing approximately 28% of the global revenue in 2023.
The region's market is characterized by the presence of established players and a growing demand for energy-efficient and technologically advanced commercial ovens.The APAC region is expected to witness the highest CAGR of 5.2% during the forecast period. The growing hospitality and tourism industry, coupled with the expanding foodservice sector, is contributing to the market growth in this region. South America and MEA are also expected to exhibit steady growth, driven by factors such as increasing urbanization, rising disposable income, and the adoption of modern cooking techniques.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Commercial Oven Market Key Players And Competitive Insights:
Major players in Commercial Oven Market industry are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolios, and strengthening their distribution networks. Leading Commercial Oven Market players are focusing on developing innovative and energy-efficient ovens that meet the evolving needs of commercial kitchens. The Commercial Oven Market development is driven by factors such as the growing demand for convenience foods, the increasing popularity of home cooking, and the rising number of restaurants and cafes.
The Competitive Landscape of Commercial Oven Market is characterized by a mix of established players and emerging entrants. Established players have a strong brand presence and a wide distribution network, while emerging entrants are focusing on offering innovative products and competitive pricing.A leading company in the Commercial Oven Market, Rational, has been consistently investing in research and development to enhance its product offerings. The company's focus on innovation has resulted in the development of advanced features such as automatic cooking programs, energy-saving modes, and remote monitoring capabilities. Rational's ovens are designed to meet the high-volume cooking demands of commercial kitchens, and the company has a strong presence in the hospitality, healthcare, and education sectors. With its commitment to quality and customer satisfaction, Rational has established itself as a trusted brand in the Commercial Oven Market.
Another major competitor in the Commercial Oven Market is Middleby Corporation, which offers a diverse range of commercial ovens under various brands such as Blodgett, Viking, and Garland. The company has a wide distribution network and a strong presence in North America, Europe, and Asia. Middleby Corporation is focused on providing customized solutions to meet the specific requirements of its customers. The company's ovens are known for their durability, efficiency, and ease of use.
Middleby Corporation is actively involved in product development and has introduced innovative features such as touchscreen controls, programmable cooking cycles, and integrated temperature probes. With its comprehensive product portfolio and commitment to customer service, Middleby Corporation is well-positioned to compete in the Commercial Oven Market.
Key Companies in the Commercial Oven Market Include:
- Welbilt, Inc.
- Electrolux AB
- Ovention
- AFEW
- APW Wyott
- Carrier
- Goldstein
- Blue Seal
- The Montague Company
- GGF
- Mareno Uhrenfabrik GmbH Co. KG
- Fujimak Corporation
- Rational AG
- Bakers Pride Oven Company
- Middleby Corporation
Commercial Oven Market Industry Developments
The Commercial Oven Market is projected to reach USD 35.3 billion by 2032, exhibiting a CAGR of 4.8% from 2024 to 2032. Rising demand for convenience foods and baked goods, coupled with increasing urbanization and disposable income, is driving market growth.
Technological advancements, such as the integration of IoT and AI, are further enhancing the efficiency and functionality of commercial ovens. Recent developments include the launch of energy-efficient models, the adoption of smart cooking systems, and the growing popularity of multi-functional ovens. Key players in the market include Rational, Welbilt, Electrolux, and Middleby Corporation.
Commercial Oven Market Segmentation Insights
-
Commercial Oven Market Product Type Outlook
- Electric Ovens
- Gas Ovens
- Convection Ovens
- Combination Ovens
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Commercial Oven Market Capacity Outlook
- Small (100 liters)
- Medium (100-500 liters)
- Large (>500 liters)
-
Commercial Oven Market Application Outlook
- Bakery Confectionery
- Food Processing Catering
- Restaurants Hotels
- Commercial Kitchens
-
Commercial Oven Market Control Type Outlook
- Manual
- Semi-Automatic
- Fully-Automatic
-
Commercial Oven Market End User Outlook
- Commercial (Businesses Institutions)
- Industrial (Manufacturing Facilities)
-
Commercial Oven Market Regional Outlook
-
North America
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Europe
-
South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
22.1(USD Billion) |
| Market Size 2023 |
23.16(USD Billion) |
| Market Size 2032 |
35.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.8% (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 |
Welbilt, Inc., Electrolux AB, Ovention, AFEW, APW Wyott, Carrier, Goldstein, Blue Seal, The Montague Company, GGF, Mareno Uhrenfabrik GmbH Co. KG, Fujimak Corporation, Rational AG, Bakers Pride Oven Company, Middleby Corporation |
| Segments Covered |
Product Type, Capacity, Application, Control Type, End User, Regional |
| Key Market Opportunities |
·      Growth in Hospitality Industry ·      Rising Demand for Ready to Eat Meals ·      Technological Advancements ·      Sustainability and Energy Efficiency ·      Expansion of Quick Service Restaurants |
| Key Market Dynamics |
Rising Demand for Convenience Foods, Growth of Food Delivery Services, Technological Advancements, Increasing Health Consciousness, Expanding Hospitality Sector |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Commercial Oven Market is expected to reach USD 35.3 billion by 2032, growing at a CAGR of 4.8% from 2024 to 2032.
The growth of the commercial oven market is attributed to factors such as increasing demand for convenience foods, rising disposable income, and expanding foodservice industry.
North America is expected to dominate the Commercial Oven Market throughout the forecast period, owing to the presence of a large foodservice industry and high adoption of advanced technologies.
Commercial ovens are widely used in restaurants, bakeries, hotels, and other foodservice establishments for baking, roasting, and grilling a variety of food items.
Major players in the Commercial Oven Market include Rational AG, Welbilt, Inc., Middleby Corporation, The Manitowoc Company, Inc., and Ali Group S.r.l.
The COVID-19 pandemic had a negative impact on the commercial oven market due to lockdowns and restrictions in the foodservice industry. However, the market is expected to recover and grow in the coming years.
Key trends in the commercial oven market include the adoption of energy-efficient technologies, smart ovens with IoT capabilities, and the growing popularity of combi ovens.
The Commercial Oven Market is expected to grow at a CAGR of 4.8% from 2024 to 2032.
Challenges faced by the commercial oven market include rising raw material costs, supply chain disruptions, and intense competition.
Opportunities for growth in the commercial oven market include the increasing demand for convenience foods, the expansion of the foodservice industry, and the adoption of advanced technologies.
