The global conveyor oven market size was valued at USD 128.4 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.6% from 2021 to 2028. The growing acceptance for advanced tools in the food processing industry and increasing demand from restaurants will drive the market globally. Conveyor oven makes use of belts to move food products through a heated chamber at a constant speed. For preparing a large volume of similar products, the temperature and belt speed of the conveyor ovens are adjustable. Demand for conveyor ovens is high among restaurants and hotels as they have to prepare a large number of food items at the same time to deliver customers’ orders at their table or at their doorstep.
To meet the consumers’ demand, it is convenient for the restaurants to cook food through conveyor ovens as they are equipped with air impingement technology, which is capable of saving up to 30% of cooking time than conventional ovens. The product has the ability to cook from all sides and in lesser time than conventional ovens, which makes it a must-have tool in every restaurant. The growing need for serving the consumers in lesser time is leading to significant demand from restaurants, hotels, and bakeries, thus creating growth opportunities for conveyor ovens in the near future.
Technologically advancements and innovations in conveyor ovens will drive the market. Manufacturing companies are coming with new product developments with added features, like providing a digital display, which makes it easy to operate and adjust the speed and temperature. Cooking the food products in less time and at lower temperature with the help of air impingement benefits by saving energy and getting baked products in quick time. Manufacturers design the products in such a way that they are energy conservable by recycling the air from the heater to product, easily cleanable and serviceable, and consistent by delivering the product with perfect time.
The COVID-19 pandemic has brought economic slowdown all over the world. Many countries imposed a strict lockdown all over the states, which brought restrictions on the physical movement of people. All the shops, malls, and restaurants were closed during the period. Like other industries, the food equipment industry also witnessed a slowdown in economic growth during the pandemic period. The market for conveyor ovens was also affected negatively during the pandemic period. It is expected that as things get normalized post-2021, the food industry will also get on track, which will open new growth opportunities for conveyor ovens.
Electric conveyor ovens held the largest share of more than 55.0% in 2020. Ovens with electric power supply are the most accessible in the market. These are easy to install without any complications. Electric ovens are fairly economical, easy to run, simple to clean, easily portable where power supply is available, and suitable for industrial as well as home cooking. The higher running cost of these ovens is the only restraining factor. The easy availability of electric ovens and rising demand will drive the segment.
Conveyor ovens with gas as a power source are estimated to expand at a substantial growth rate from 2021 to 2028. Gas ovens use either natural gas or propane to generate the heat from the flame burner at the bottom of the oven. The running cost for gas-based ovens is lesser as natural gas is more economical as compared to electricity. However, high maintenance cost and gas leakage risk are expected to restrain the segment growth.
The industrial/heavy ovens segment held the largest share of over 70.0% in 2020 and is expected to grow at a steady rate from 2021 to 2028. Heavy conveyor ovens witness growing demand from restaurants, bakeries, and pizzerias. These heavy ovens are capable of cooking a large volume of products at the same time and are also available in a stackable manner, which saves a lot of floor space. The growing demand from the industries and restaurants will drive the market in years to come.
The countertop segment is expected to expand at the fastest CAGR of 3.9% from 2021 to 2028. Countertop models are smaller in size and require less floor space compared to industrial ovens. These models are ideal for food trucks, convenience stores, and small quick food-serving restaurants. The growing use of countertop ovens in households leads to the increasing demand for conveyor ovens.
The convection segment accounted for the largest revenue share of over 59.0% in 2020 and is projected to witness the fastest growth from 2021 to 2028. An external force is used to transfer the heat within the air, which helps to cook the product even at the darker and cooling spots. Convection oven even reduces the cooking time and offers a complete cooked product.
The radiation segment is expected to grow at a decent rate from 2021 to 2028. In the radiation-based cooking method, there is no direct contact between food and power source. Food is cooked by applying the electromagnetic energy waves at the top and bottom of the conveyor belt. Food is being cooked in the same way as in conventional ovens.
North America accounted for the largest share of over 35.0% in 2020. The presence of a large number of restaurant chains, the availability of products from top manufacturing companies, and the growing demand for bakery products will augment the market growth.
Europe is estimated to register the fastest CAGR of 4.0% from 2021 to 2028. Increased demand for conveyor ovens from bakeries, restaurants, food industries, and households will drive the regional market in the forecast period.
The market has a large number of global as well as regional players. Manufacturing companies are establishing their presence in the market by taking up strategies such as mergers and acquisitions, launching new products keeping consumers’ needs in mind, the expansion of distribution channels, improving the supply chain management, and reaching out to the consumers through promotional activities. Companies are also involved in technological advancements and product innovations to provide a better and safe experience to the consumers. Some prominent players in the global conveyor oven market include:
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Report Attribute |
Details |
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Market size value in 2021 |
USD 132.5 million |
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Revenue forecast in 2028 |
USD 169.8 million |
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Growth Rate |
CAGR of 3.6% from 2021 to 2028 |
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Base year for estimation |
2020 |
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Historical data |
2017 - 2019 |
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Forecast period |
2021 - 2028 |
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Quantitative units |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Power source, technology, type, region |
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Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
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Country scope |
U.S.; Germany; U.K.; China; India; Brazil; South Africa |
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Key companies profiled |
Davron Technologies Inc.; Doyon; Dvorson's Food Service Equipment, Inc.; Infratrol LLC; International Thermal Systems; Lewco Inc.; Welbilt, Inc. ( Lincoln ); Mahan Oven & Engineering Co. Inc.; Middleby Corporation; Italforni Pesaro S.r.l; Oem Ali Group S.r.l; Ovention, Inc.; PICARD OVENS INC.; Star Manufacturing; Wisconsin Oven Corporation; XLT Inc. |
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Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Million Insights has segmented the global conveyor oven market report on the basis of power source, technology, type, and region:
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