Combi Ovens Market By Power Type (Electric, Gas), By End-User (Restaurants, Individuals, Hotels, Bakery, Others) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Growth of Food Industry Worldwide to Boost the Demand for Combi Ovens

The combi ovens market worldwide is likely to grow with a CAGR of 10.6% throughout the forecast period from 2019 to 2027. Continued growth in the food industry is the major driving factor for the combi ovens market. Combi ovens are designed with all three techniques (convection, steam, and both) in one machine for cooking. Growing penetration of microwave ovens is also one of the promising factors driving the combi ovens market. Furthermore, penetration of combi ovens at homes, offices, petrol pumps, and other food places is another prominent factor supporting the market growth. Therefore, we are expecting generous growth in the combi ovens market during the forecast period.

Market Synopsis

Individuals Segment to be the Fastest Growing

In 2018, the combi ovens market was led by the restaurant segment. The restaurant segment accounts for more than 30% of the market share in the same year. On the other side, the individual segment will be the fastest growing segment due to the growing penetration of these home ovens. The major growth factor for the segment is the launch of mini combi ovens by various companies such as Convotherm Elektrogerate GmbH, Electrolux AB, and others. Nowadays, individuals prefer combi ovens over steam and convection ovens for their benefits, such as baking, smoking, roasting, and others. As a result, we expect the individual segment to be the fastest growing segment in the combi ovens market during the forecast period.

The Asia Pacific to be the Fastest Growing Region

In 2018, North America was the most significant contributor to the global combi ovens market, followed by Europe and the Asia Pacific, respectively. North America contributes nearly 30% of the revenue share in the same year. The region has the highest share due to its developed economy and early adoption of the latest technology. On the other hand, Asia Pacific will be the fastest growing region owing to developing economies such as China and India, growing disposable income, and growing food industry. In addition, the other major growth factor is increased consumer inclination towards outside food in the region. Consequently, we expect the Asia Pacific region to be the fastest-growing region during the forecast period.

Some prominent players operating in the combi ovens market include Unox, Convotherm Elektrogerate GmbH, RATIONAL, Turbofan, Electrolux AB, Alto-Shaam, Inc., G.S. Blodgett Corporation, Robert Bosch GmbH, Falcon Foodservice Equipment, Black knight, Inc., Henny Penny, and others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The combi ovens market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global combi ovens market based on power type, end-user, and geography. 

Frequently Asked Questions:

The market for Combi Ovens is expected to reach US$ XX Bn by 2027.

The Combi Ovens market is expected to see significant CAGR growth over the coming years, at 10.6%.

The report is forecasted from 2019-2027.

The base year of this report is 2018.

Unox, Convotherm Elektrogerate GmbH, RATIONAL, Turbofan, Electrolux AB, Alto-Shaam, Inc. are some of the major players in the global market.

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Published Date:  Nov 2019
Category:  Technology & Media
Report ID:   60019
Report Format:   PDF
Pages:   120
Rating:    4.4 (58)
Delivery Time: 24 Hours to 48 Hours   
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