The global combi ovens market is anticipated at USD 1.9 billion in 2022. Demand is likely to remain high for combi ovens during the assessment period. This is due to the increased demand for technologically advanced kitchen equipment’s and garnering USD 5.8 billion in 2033, recording a CAGR of 10.7% from 2023 to 2033. The market is likely to secure USD 2.1 billion in 2023.
| Data Points | Key Statistics |
|---|---|
| Combi Ovens Market Size Value in 2023 | USD 2.1 billion |
| Combi Ovens Market Forecast Value in 2033 | USD 5.8 billion |
| Global Growth Rate | 10.7% |
| Forecast Period | 2023 to 2033 |
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| Historical CAGR (2018 to 2022) | 6.7% |
|---|---|
| Forecasted CAGR (2023 to 2033) | 10.7% |
Combi Ovens are meant to do a range of tasks including baking, roasting, broiling and steaming. It is becoming more popular for preparing continental cuisine. Combi Ovens are becoming a popular alternative to traditional foodservice equipment due to their features and high utility. Electric Combi Ovens are also becoming more popular in high-altitude settings.
Their demand is expected to skyrocket in the future years. The ability to self-clean is the most significant characteristic of a combi oven, which makes it a popular choice.
The majority of combi ovens offer self-cleaning systems that use either tablets or liquid detergents. Maintenance time and cost are significantly reduced. This is expected to shoot up the demand for combi ovens in will help to augment supply.
Combi ovens are available for Convection, steaming, and combination cooking. The combination mode employs both dry heat and steam to maintain precise humidity levels in the food, allowing for more control over moisture levels.
When it comes to professional food preparation, a combi oven can be utilized to replace both equipment’s, saving time, space, and money. The global businesses is anticipated to witness a considerable value CAGR of 10.7% during the period of 2023 and 2033.
FMI has identified Western Europe to remain a key market for combi oven over the forecast period owing to increasing demand from end-use applications. The region is estimated to witness a value of a CAGR 8.6% during the period 2023 and 2033. Global Combi Ovens Market is expected to account for about 1.3% of the global machine tool market.
Even individuals are spending money on high-end, opulent goods like combi ovens that might satisfy their needs. Premium and luxury hotels are expanding all over the world to satisfy individual demand, which will also spur the market for combi ovens to rise.
Increasing Application in Various End-Use Industries to Drive the Market Growth
Consumer preferences have shifted from full-service restaurants to fast-service restaurants as a result of rapid lifestyle changes. Transporting LPG at such high altitudes is costly. The use of LPG-powered appliances has reduced significantly over time. Investors are eager to invest in hotel and restaurant development.
The demand for combi ovens for applications in cruise ships, ships, and marine vessels is expected to expand dramatically as a result of its unique features and capacity to perform in any situation. In many areas, hotel construction is still in its early stages. The upmarket and premium hotel segment is expected to develop significantly in the future years.
Pressurized fuel systems are ineffective at high elevations. The supply of LPG is influenced by two factors: pressure differences and a shortage of oxygen. The pressure differential between the pressurized tank and the lower outside pressure drops at high altitudes, allowing the gas to exit the canister more easily.
Combi Ovens are becoming attractive options in high-altitude settings as a result of this. This is expected to provide a vital boost to demand as well as prospects for the Combi Ovens market to expand in the future years.
Principal Consultant
Shortage of Skilled Operator and High Initial Cost Hamper the Global Market Growth of Combi Ovens
The high cost of combi ovens is the biggest hurdle for foodservice operators, as they account for a large portion of the entire capital cost of new restaurants. Most foodservice outlets are mid-sized, and as a result, operators particularly in developing nations such as Latin America and India are unable to support the cost of sophisticated equipment. The rate of equipment replacement in developing countries is substantially lower than in developed countries.
There is a scarcity of skilled chefs who can operate combi ovens effectively. The majority of chefs aren't educated to use combi ovens. This may have a detrimental impact on investors' motivation to invest in technologically advanced equipment like combi ovens for their hotels and restaurants. This may have a negative influence on combi oven sales due to slowing the market's growth throughout the projection period.
Presence of Leading Players in The Region to Boost the Market Demand
United States is estimated to grow at a value CAGR of 12.9% during the forecasted period between 2023 and 2033. The United States is expected to increase at a pretty stable rate over the projected period because of rising awareness about the usage of energy-efficient food service equipment.
Many key businesses are pursuing a mergers and acquisitions strategy in order to work with local developing players, access the North American market and strengthen their global sales channel distribution. The quick service business has exploded in the United States because of the fast-paced lifestyle and increased consumption of bakery products.
Growing Technological Advances to Drive the Market Demand
Germany has significant share of the global combi ovens market are based in Western Europe. The existence of a large number of significant players in the market allows them to fulfil the supply-and-demand equilibrium. Profit margins by reducing their reliance on fluctuations in the foreign exchange markets.
Businesses in Germany are concentrating their efforts on introducing technologically improved products. Combi ovens are becoming more popular as a result of rising consumer demand. The market in Germany is estimated to dominate the Western Europe Combi oven market throughout the forecast period (2033) with the 6.4% CAGR.
Increased Sales of Food Service Equipment to Drive the Market Demand
During 2023 and 2033, India is estimated to grow at a value CAGR of 17.4% percent. There has been a remarkable increase in the number of retail stores around the India in recent years. Major retailers are expanding their market footprints in these countries to take advantage of the growing consumer buying power in developing countries like India and China.
The organised retail sector's rapid growth as evidenced by the increasing number of hypermarkets, supermarkets and other stores is predicted to promote the total food chain's growth which is expected to boost overall sales of food service equipment like combi ovens.
The adoption of combi ovens has increased considerably in numerous commercial kitchens of worship places and production plants, specifically in developing countries such as India. This is anticipated to create opportunities for augmentation of the combi ovens market in the coming years.
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Electric Power Unit Segment to Capture Maximum Share
Electrical power units is projected to create an absolute dollar opportunity of more than USD 156.3 million during the period of 2023 to 2033. The electric category is expected to fall into the high share-low CAGR quadrant due to its relatively stable growth and mature market backdrop.
Electric combi ovens are one of the most popular options for applications at higher altitudes and areas near the shore. Conventional fuels, such as LPG, cannot be transported in such places. Electricity consumption will continue to rise in the future, and reliance on electrical technology will undoubtedly increase beyond what is already the case. The visibility and expansion of the electrical oven will increase in the near future.
Hotels & Restaurant Segment to Generate High Revenue
Hotels & Restaurants is projected to create an absolute dollar opportunity of more than USD 225.3 million during the period of 2023 to 2033. The need for combi ovens is expected to rise in the future due to changing consumer lifestyles and dietary habits.
Hotels are concentrating on providing excellent meal services, therefore they must maintain food quality and hygiene. Consumers have accepted quick service restaurants as the new normal. People prefer quick services to traditional meal services due to the fast pace of life.
Over the past few years, increment in the number of acquisitions and expansion activities has been witnessed to improve the supply of Combi oven. Several key players are also focusing on improving efficiency of machine mount for various applications. Emergence of various manufacturers had also been witnessed in the global businesses especially in China.
For Instance,
The latest study conducted by Future Market Insights covers all the strategies and success factors of key manufacturers of the market.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis is available in the report.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 10.7% from 2023 to 2033 |
| Market Value in 2023 | USD 2.1 billion |
| Market Value in 2033 | USD 5.8 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product type, Capacity, End-Use, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel, Rest of MEA |
| Key Companies Profiled | Alto-Shaam Inc.; Electrolux AB; Fujimak Corporation; Giorik SpA; The Middleby Corporation; MKN; Rational AG; Retigo S.R.O; Welbilt Inc.; Dover Corporation; UBERT GASTROTECHNIK GMBH; Marmon Holdings, Inc; UNOX S.p.A.; Ali S.p.A; CNA Group |
The market is valued at USD 2.1 billion in 2023.
The growth potential of the market is 10.7% through 2033.
Alto-Shaam Inc., Electrolux AB, and Fujimak Corporation are the top manufacturers.
Rapidly increasing food service industry to boost the market prospects.
The Hotels & Restaurants segment is likely to remain preferred through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Steam Generated 5.2. Boilerless 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Value 6.1. Gas 6.2. Electric 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity 7.1. Low 7.2. Medium 7.3. Heavy 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use 8.1. Hotels & Restaurants 8.2. Bakery Stores 8.3. Retail Outlets 8.4. Domestic & Institutional 8.5. Commercial Kitchens 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Alto-Shaam Inc. 19.2. Electrolux AB 19.3. Fujimak Corporation 19.4. Giorik SpA 19.5. The Middleby Corporation 19.6. MKN 19.7. Rational AG 19.8. Retigo S.R.O 19.9. Welbilt Inc. 19.10. Dover Corporation 19.11. UBERT GASTROTECHNIK GMBH 19.12. Marmon Holdings, Inc 19.13. UNOX S.p.A. 19.14. Ali S.p.A. 19.15. CNA Group 20. Assumptions & Acronyms Used 21. Research Methodology
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Combi Ovens Market
