The conveyor oven moves food through the heating chamber at a constant speed and adjustable speed and temperature, allowing for stable cooking of a wide range of similar products. Transfer ovens use strong air shock, radiant heat, or infrared heating to cook food. Compared to conventional ovens, conveyor ovens have perfect timing and can prevent food from drying out. Cooking in an impact oven creates a film around the food, which helps the food cook faster and retains moisture. The use of conveyor ovens will reduce labor costs, gain more capacity in the same space, and separate cooked and raw foods as they are loaded from one side and removed from the other. The width of the conveyor belt, whether it is a double belt, the style of the control panel, whether it can be stacked are factors to consider when buying a conveyor oven.
The pandemic in 2020 affected all regions of the world, with emerging market and developing economies suffering multiple blows: weak health systems, tourism and trade losses, reduced capital flows, and mounting debt pressures that led to tighter fiscal conditions, a sustained sharp economic downturn, increased poverty and inequality, and the worst economic contraction since the Great Depression of the nineteen-thirties.
The status quo of the global conveyor oven industry in the context of the outbreak of the new coronavirus in 2020
The impact of the new crown epidemic on the conveyor oven industry will involve all major links in the industrial chain, the supply of upstream raw materials and the downstream consumer market, and all physical enterprises. The main raw materials for conveyor ovens are ceramic refractories and stainless steel, and the massive closure of factories due to the need to protect workers and curb the spread of the coronavirus has further exacerbated the damage to the production supply chain, leading to raw material shortages, increased volatility in raw material prices, and labor shortages. In addition, conveyor oven sales were affected due to restrictions on people's movement outside the home. Lower demand may cause some manufacturers to adjust production volumes during 2020.
The company's management efficiency has declined, commuting has been severely hindered, the production plan of the conveyor oven industry has been blocked, marketing and expansion have been blocked, the brand has been forced to adjust, the market sales have declined, and the company and employee income have been damaged. The impact of the coronavirus pandemic on the conveyor oven industry depends on the effectiveness of the coronavirus pandemic. The new crown epidemic has a huge impact on the operation of the industry, especially on small and medium-sized enterprises. The shutdown not only exacerbates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises and affects production and sales. Some enterprises are in difficulty or even go bankrupt. Therefore, the development of the conveyor oven industry will shrink seriously in 2020.
In 2019, the total market share of the top three industries in this industry was 56.08%. The global conveyor oven market was valued at $109.31 million in 2020, down from $117.04 million in 2019. In addition to the impact of the new crown epidemic, fierce market competition and the emergence of substitutes also threaten the development of the conveyor oven industry. There are already many companies that have operations in the industry. First and foremost, they care deeply about the needs of their customers and are willing to take the time to research and analyze returned products. Second, they place a strong emphasis on R&D and product innovation. For example, many companies are cultivating key technological advantages. As customers demand more and more taste, conveyor ovens also need to be innovated to keep up with the needs of the times. The conveyor oven industry is not only facing pressure from its peers, but the development of its alternatives is also threatening the development of the industry. The most typical is a pizza oven. Many businesses and media outlets, in order to expand their market share, advertise that food made in pizza ovens tastes better. This kind of business practice has undoubtedly intensified cross-industry competition and hindered the development of the conveyor oven industry to a certain extent.
Global Conveyor Oven Industry Market Forecast
While the current shutdown is disruptive, demand for conveyor ovens is set to grow later this year as the pandemic is brought under control and the main application areas for conveyor ovens, restaurants, and hotels are opening up one after another. Moreover, in the foodservice industry, labor costs are also one of the larger ones, conveyor ovens do not require constant maintenance, which allows kitchen staff to perform other tasks at the same time, thus saving more manpower. In addition, due to the high turnover of employees in the catering industry
In the service industry, developing the right talent is a challenge, and conveyor ovens don't require too high a skill set and can reduce costs by reducing training time and hiring cheap employees.
Economic globalization and the development of the Internet have promoted global political, economic and cultural exchanges. For example, pizza is popular in Asia as a representative of one of the Western dishes. The growth of tourism has brought a steady stream of tourists to local restaurants. These factors have contributed to the growth of the downstream market, mainly pizza shops, leading to an increase in the demand for conveyor ovens, thereby boosting the industry as a whole. Europe is the largest market by revenue, with a market value of USD 66.48 million by 2025, with a production volume of 6,303 units and a global transfer oven market value of USD 153.46 million.