DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Commercial Convection Oven Market 2017-2021" report to their offering.
The report forecasts that the global commercial convection oven market to grow at a CAGR of 6.37% during the period 2017-2021.
Global Commercial Convection Oven Market 2017-2021 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion operating in this market.
Commenting on the report, an analyst from the research team said: One trend in the market is new product launches. The manufacturers of commercial convection ovens are looking to improve the convection oven technology and design and are focusing on introducing new convection oven technology to increase the demand for the updated convection oven technology.
According to the report, one driver in the market is increase in number of bakeries and pizzerias. Commercial convection ovens are one of the crucial cooking equipment in many bakeries and pizzerias around the world. The commercial convection ovens are significantly used to bake croissants, bread, pizzas, pies, and pastries. The sales of commercial convection ovens are directly proportional to the increase in the number of foodservice establishments such as bakeries and pizzerias.
Further, the report states that one challenge in the market is reduction in profit margins for manufacturers. Prices of the raw materials used in manufacturing commercial convection ovens play an important role as, on an average, the raw materials constitute more than 20% of the cost of the equipment. Stainless steel is one of the important raw materials required for manufacturing high-quality commercial convection ovens.
- G.S. BLODGETT
- Garland Group
- Moffat Group
Other prominent vendors:
- Admiral Craft Equipment
- American Range
- Bakers Pride
- Duke Manufacturing
- Hestan and Meyer
- Imperial Commercial Cooking Equipment
- Lang World
- Star Manufacturing International
- TurboChef Technologies
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Geographical segmentation
Part 08: Key leading countries
Part 09: Decision framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
For more information about this report visit https://www.researchandmarkets.com/research/fcvsfc/global_commercial