Global Commercial Combi Ovens Market to Grow at a CAGR of Almost 8% by 2021: Technavio
May 19 2017 - 6:03PM
Business Wire
Technavio analysts forecast the global commercial
combi ovens market to reach USD 154.36 million during the
forecast period, according to their latest report.
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Technavio has published a new report on
the global commercial combi ovens market from 2017-2021. (Graphic:
Business Wire)
The research study covers the present scenario and growth
prospects of the global commercial combi ovens market for
2017-2021. The report further segments the market based on the
source of power (electric and gas) and geography (the Americas,
APAC, and EMEA).
The increasing demand for energy-efficient commercial combi
ovens from the growing global foodservice market, which triggers
the influx of many new foodservice outlets worldwide, is one of the
critical aspects driving the global commercial combi ovens market.
The growth of the global commercial combi ovens market is also
triggered by the changing eating patterns of consumers around the
world. It has been estimated that on an average, consumers eat out
at various foodservice establishments for more than 40 times a
month. These factors trigger the growth of the global foodservice
market and contribute to the sales of commercial kitchen equipment
such as commercial combi ovens.
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Technavio analysts highlight the following three factors that
are contributing to the growth of the global commercial combi ovens
market:
- Growing preference for compact combi
ovens
- Increasing adoption of energy-efficient
combi ovens
- Increase in the number of foodservice
establishments
Growing preference for compact combi ovens
With various foodservice establishments starting to focus on
procuring commercial kitchen equipment that can perform multi-tasks
and save more commercial kitchen space, the demand for compact
combi ovens has increased considerably around the world.
Manufacturers of combi ovens are trying to meet this demand by
developing high-quality compact combi ovens that can easily fit
into less spacious and cramped places.
Manjunath Reddy, a lead food service research analyst at
Technavio, says, “Vendors like RATIONAL and Lainox offers high-end
quality combi ovens. One of the models called XS by RATIONAL is
around 25 inches wide and has all innovative features that are
available in a standard large-size combi oven. Manufacturers of
compact combi ovens focus on offering innovative features within a
compact size to increase their customer base.”
Increasing adoption of energy-efficient combi ovens
Foodservice establishments around the world have been demanding
energy-efficient commercial combi ovens in a vast number.
Manufacturers are looking to develop commercial combi ovens that
can increase productivity in commercial kitchens and significantly
reduce cooking time.
“The CTP7-20 COMBI OVEN model by Alto-Shaam, which has been
certified by the ENERGY STAR certification program under the
Environment Protection Agency, is capable of increasing
productivity with accelerated and fast cooking that is up to 80%
faster than standard convection technology and around 20% faster
than other standard combi ovens,” adds Manjunath.
Increase in the number of foodservice establishments
Commercial combi ovens are preferred by foodservice
establishments that provide a wide variety of food items and
establishments that require commercial kitchen equipment to perform
various tasks. The increasing number of foodservice establishments
that use commercial combi ovens may positively influence the sales
of the new units of commercial combi ovens around the world.
Top vendors:
- Alto-Shaam
- Convotherm
- Electrolux
- G.S. BLODGETT
- RATIONAL
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About Technavio
Technavio is a leading global technology research and
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every year, covering more than 500 technologies across 80
countries. Technavio has about 300 analysts globally who specialize
in customized consulting and business research assignments across
the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
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modeling tools and proprietary databases. They corroborate this
data with the data obtained from various market participants and
stakeholders across the value chain, including vendors, service
providers, distributors, re-sellers, and end-users.
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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