According to a new report published by Allied Market Research, titled, “Industrial Oven Market by Product, Process, Heating Medium, and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2022–2031,” the global industrial oven market size was valued at $9,422.1 million in 2020, and is projected to reach $15,967.7 million by 2031, registering a CAGR of 4.5% from 2022 to 2031.There is a rapid shift among end-users on use of continuous industrial oven over batch industrial oven, as continuous ovens do not require repeated loading and unloading, or heating up and cooling down between each batch, and labor and energy demands often are much lower than batch ovens.
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Continuous technological advancements in the global industrial oven market is expected provide ample growth opportunities for oven manufacturers and suppliers in the near future. Major players in the market have already shifted their focus toward innovation & technological advancements to maintain competitiveness and garner major market share.
Major Key Players:
Other market players (not profiled in report) in the value chain are Ali S.p.A., Duke Manufacturing Co. Inc., The Middleby Corporation, Alto-Shaam, Inc., Edward Don & Company, Fujimak Corporation, Avantco Equipment and Hobart Corporation
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Key Findings Of The Study
- By type, the curing ovens segment dominated the global market in 2020, and is expected to retain its dominance throughout the industrial oven market forecast period.
- On the basis of process, it is bifurcated into batch and continuous. The continuous segment held the dominant industrial oven market share in 2020, and is also expected to register the highest CAGR.
- Depending on heating medium, the market is categorized into electric heat, fuel- & gas-fired, infrared heaters, and others. The infrared heaters segment held the major share in the market, and is projected to remain dominant during the forecast period.
- The end-user industries analyzed in this study are food production & processing, chemical processing, electrical & electronics, automotive & aerospace, pharmaceuticals, and others.Food production & processing accounted for the highest market share in 2020, and is expected to grow at a significant CAGR during the forecast period.Increase in preference for vent less ovens in food production and processing is anticipated to drive the industrial oven market growth during the forecast period.
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Reason to Buy:
✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Industrial Oven market.
✅ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
✅ The key findings and recommendations highlight crucial progressive industry trends in the Industrial Oven market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
✅ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
✅ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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