Global Commercial Oven Market By Product Type (Deck Ovens, Convection Ovens, Brick Oven, Conveyor Oven), Ву Туре (Electric, Gas), By Nature (Smart Commercial Oven, Conventional Commercial Oven), By Distribution Channel (Hypermarket/Supermarket, B to B, B to C, Online Retail, Specialty Stores, Others), By End Use (Restaurant, Hotels, Bakeries, Food Processing, Others), By Region And Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2024-2033

Report Overview

The Global Commercial Oven Market size is expected to be worth around USD 20.0 Billion by 2033, from USD 10.5 Billion in 2023, growing at a CAGR of 6.9% during the forecast period from 2024 to 2033.

The commercial oven market is a crucial component of the global food service industry, driven by the growing demand for advanced cooking technologies that improve operational efficiency, food quality, and energy savings. Commercial ovens are widely used in restaurants, hotels, bakeries, and other food establishments, where they play a key role in preparing large quantities of food quickly and consistently.

The demand for commercial ovens is primarily influenced by the rise of fast food consumption and the need for efficiency in cooking. Operators in the food services industry are increasingly prioritizing kitchen performance, seeking ovens that provide precise control, versatility, and reduced cooking times.

As health-conscious eating habits gain popularity, there is also a growing preference for ovens that enable healthier cooking methods, such as steaming or air frying. The ability to quickly and efficiently prepare a wide range of foods is making commercial ovens more popular and versatile, particularly with the rise of specialized models such as combi ovens, which combine steaming and convection cooking in one unit.

The market for commercial ovens offers significant opportunities for both product innovation and geographic expansion. Manufacturers are exploring the integration of smart technologies, such as IoT-enabled ovens, which allow for better monitoring, remote operation, and predictive maintenance. This shift toward connected kitchens is expected to drive growth in the market.

Additionally, emerging markets, particularly in developing countries across Asia-Pacific, the Middle East, and Africa, are presenting new opportunities. Rapid urbanization and the expansion of the middle class in these regions are fueling growth in the food service sector, driving demand for advanced cooking equipment.

Investment in commercial kitchen equipment, including ovens, has been strong. For example, in the U.S., over $500 million has been allocated under the Clean Energy Incentive Program to support energy-efficient restaurant equipment, including ovens. In the private sector, leading manufacturers like Rational AG and Ali Group secured over $150 million in 2023 for the development of smart, connected ovens, in response to growing demand for automation and energy-efficient solutions.

The trade of commercial ovens is also growing, with North America, Europe, and Asia-Pacific being the main regions driving imports and exports. In 2022, the global import-export value of commercial cooking appliances reached $1.8 billion. North America accounted for 30% of imports, while Europe accounted for 28%. China remains the largest exporter of commercial ovens, representing 25% of global exports, followed by the U.S. and Germany.

Strategic mergers and acquisitions have also played a role in market expansion. For instance, Rational AG acquired Foster Refrigerator to enhance its product portfolio, while Welbilt Inc. merged with The Middleby Corporation in 2022 for $1.3 billion, creating one of the largest manufacturers of commercial kitchen equipment. These moves aim to improve technological capabilities and offer more integrated solutions to customers.

Key Takeaways

• The Global Commercial Oven Market size is expected to be worth around USD 20.0 Billion by 2033, from USD 10.5 Billion in 2023, growing at a CAGR of 6.9% during the forecast period from 2024 to 2033.
• Deck Ovens dominated the Commercial Oven Market with a 39.1% share, offering unmatched versatility and efficiency.
• In 2023, The Electric segment dominated the Commercial Oven Market with a 63.2% share, favored for efficiency and ease.
• Conventional Commercial Ovens dominated the market with a 68.1% share, favored for reliability and cost-effectiveness.
• The Hypermarket/Supermarket segment dominated the market with 34.1%, offering variety and convenience.
• The Restaurants segment dominated the Commercial Oven Market with 38.1%, driven by high demand.
• North America dominated the Commercial Oven Market with a 37.3% share, USD 3.9 Billion.

By Product Type Analysis

In 2023, The Deck Ovens segment held a dominant market position, capturing more than 39.1% of the global Commercial Oven Market share. The primary reason for this is the versatility and efficiency of deck ovens, particularly in bakery and pizzeria operations, where high-quality, consistent cooking results are crucial. Deck ovens allow for uniform heat distribution, which is essential for products like bread and pizza, leading to superior taste and texture. Their design enables high-capacity baking, making them highly suitable for commercial kitchens with high output demands.

Deck ovens are also favored for their simplicity and ease of use. They do not require constant monitoring, and operators can manage multiple baking decks at once, which contributes to labor efficiency. These features make deck ovens particularly appealing to establishments like bakeries, pizza shops, and restaurants that need to meet high-volume cooking demands without compromising on quality. The growing trend of artisanal and custom-baked goods further drives the demand for deck ovens, as they allow bakers to control the baking process more effectively compared to other oven types.

In contrast, while convection ovens and brick ovens are still popular, they do not offer the same level of precision and high-volume capabilities as deck ovens. Brick ovens, though valued for their traditional aesthetic and flavor-enhancing qualities, are slower to heat up and require more maintenance, limiting their widespread adoption in fast-paced commercial settings. Conveyor ovens, on the other hand, provide speed but are often seen as less versatile, as they are best suited for standardized, mass-production cooking. This makes deck ovens the preferred choice for establishments prioritizing quality, consistency, and volume.

By Туре Analysis

In 2023, The Electric segment held a dominant market position in the Commercial Oven Market, capturing more than 63.2% of the share. The electric ovens are particularly favored for their ease of use, precise temperature control, and consistent performance. They are ideal for commercial kitchens that require high efficiency and uniform cooking results.

Their ability to quickly reach and maintain optimal temperatures makes them a preferred choice for businesses such as bakeries, cafes, and restaurants, where precision and speed are essential to meeting customer demands. Additionally, electric ovens are more energy-efficient than gas ovens, which further boosts their appeal in energy-conscious operations.

Electric ovens are also easier to install and maintain, contributing to lower operational costs. Unlike gas ovens, which require proper venting and gas line installations, electric ovens can be set up in a variety of commercial environments without the need for complex infrastructure. This ease of installation, combined with their cleaner operation (as they produce no emissions or fumes), has made electric ovens the go-to choice for businesses looking to streamline their kitchen operations.

By Nature Analysis

In 2023, The Conventional Commercial Ovens segment held a dominant market position, capturing more than 68.1% of the global share. The primary reason for this dominance lies in the long-standing reliability, simplicity, and cost-effectiveness of conventional ovens. These ovens are widely recognized for their ability to meet the basic needs of commercial kitchens, providing consistent cooking results without the complexity or high upfront costs associated with smart ovens.

Conventional ovens are particularly favored by businesses with established cooking processes, such as large-scale bakeries, pizzerias, and fast-food chains, where speed and efficiency are key.

The low maintenance costs and familiarity with conventional ovens contribute to their strong presence in the market. Unlike smart ovens, which require specialized knowledge and infrastructure for installation and operation, conventional ovens are easier to use and maintain.

Additionally, conventional ovens do not depend on internet connectivity or complex software, reducing the risk of operational disruptions. As a result, they remain a top choice for businesses that prioritize reliability and ease of use over advanced technological features.

While smart commercial ovens are gaining traction, particularly in high-end establishments that value automation and remote monitoring, their higher price point and additional training requirements limit their widespread adoption.

Conventional ovens offer a straightforward, no-fuss solution, making them more attractive to small and medium-sized businesses that need to keep costs manageable. As such, the conventional commercial ovens segment continues to lead, driven by its proven track record of meeting the fundamental needs of a wide range of commercial kitchens.

By Distribution Channel Analysis

In 2023, The Hypermarket/Supermarket segment held a dominant market position in the Commercial Oven Market, capturing more than 34.1% of the share. The primary factor behind this dominance is the high foot traffic and convenience that hypermarkets and supermarkets offer to customers.

These large retail chains provide a wide variety of commercial kitchen appliances, including ovens, in one location, making it easier for buyers to browse, compare, and purchase products in person. Additionally, these stores offer competitive pricing and promotional discounts, which further attract business owners looking for cost-effective solutions.

The ability of hypermarkets and supermarkets to cater to both small businesses and large-scale commercial kitchens has also contributed to the dominance of this distribution channel. These retail outlets often carry a broad range of oven types and brands, allowing customers to find products that best suit their specific needs, whether it’s a small countertop oven or a larger, heavy-duty model.

This variety and accessibility make hypermarkets and supermarkets the preferred choice for a wide range of buyers, from small restaurant owners to large commercial kitchen operators.

Another reason for the dominance of hypermarkets and supermarkets is their extensive geographical reach and established customer base. With numerous outlets across various regions, these retail chains have built a strong reputation for offering convenience and reliability.

Many buyers prefer purchasing commercial ovens from these locations due to the trust established over time and the immediate availability of products. The ability to physically inspect the products and receive immediate customer support further enhances the attractiveness of this channel.

While other distribution channels like online retail and specialty stores are growing, they do not offer the same immediate, hands-on shopping experience that hypermarkets and supermarkets provide. Online retail, for example, while convenient, cannot physically inspect products before purchase and may involve longer shipping times.

Specialty stores, on the other hand, cater to niche markets but may not have the same broad appeal or range of options as larger retail chains. Therefore, the Hypermarket/Supermarket segment remains the leading channel in the commercial oven market.

By End-Use Analysis

In 2023, The Restaurants segment held a dominant market position in the Commercial Oven Market, capturing more than 38.1% of the share. The primary reason for this dominance is the high demand for versatile, high-performance ovens in the restaurant industry, where speed, consistency, and quality are essential to meet customer expectations.

Restaurants require a range of oven types, from compact countertop models to larger, heavy-duty units, allowing them to bake, roast, broil, and grill a variety of menu items. This demand for multi-functional ovens has solidified the restaurant sector as the largest end-user in the commercial oven market.

Restaurants also benefit from the growing trend of delivery and takeout services, which has amplified the need for commercial ovens that can maintain consistent cooking results in high-volume operations. Fast cooking times, even heating, and energy efficiency are critical for businesses looking to serve large numbers of customers quickly, making commercial ovens indispensable.

As restaurants continue to expand and innovate their menus, the demand for specialized ovens with advanced features, such as smart controls or energy-saving technologies, has further driven growth in this segment.

Additionally, the restaurant industry is highly competitive, with establishments constantly looking for ways to improve operational efficiency while maintaining food quality. Commercial ovens play a crucial role in this effort by helping restaurants reduce cooking time, minimize waste, and optimize energy consumption.

The demand for high-quality equipment that supports fast-paced kitchen environments makes restaurants the dominant segment in the commercial oven market.

While other end-user segments, such as hotels, bakeries, and food processing industries, also contribute significantly to the market, they do not have the same high-volume, daily demand as restaurants. Hotels often use ovens for batch cooking or specialty meals, while bakeries focus on specific types of baking.

The food processing sector typically requires larger, industrial-grade ovens, which cater to bulk production but do not have the same level of ongoing, day-to-day use as restaurant kitchens. Therefore, the Restaurant segment remains the leading end-user group in the commercial oven market.

Key Market Segments

By Product Type

• Deck Ovens
• Convection Ovens
• Brick Oven
• Conveyor Oven

Ву Туре

• Electric
• Gas

By Nature

• Smart Commercial Oven
• Conventional Commercial Oven

By Distribution Channel

• Hypermarket/Supermarket
• B to B
• B to C
• Online Retail
• Specialty Stores
• Others

By End Use

• Restaurant
• Hotels
• Bakeries
• Food Processing
• Others

Driving factors

Growing Demand for Energy-Efficient Solutions

One of the key drivers for the commercial oven market is the increasing demand for energy-efficient solutions across the food service industry. As energy costs continue to rise and sustainability becomes a priority for businesses worldwide, commercial kitchens are increasingly adopting energy-efficient ovens to reduce operational expenses.

Government regulations, such as the Energy Star program in the U.S. and the EU Eco-Design Directive in Europe, have encouraged businesses to invest in appliances that meet specific energy-saving standards. Energy-efficient ovens help businesses lower their utility bills, which is particularly important for large-scale food service operations that rely on ovens for long hours of cooking.

Additionally, consumers and businesses are becoming more environmentally conscious, driving the shift toward eco-friendly solutions. This demand for energy-efficient ovens is also supported by advancements in cooking technologies, such as convection ovens and combi ovens, which use less energy while improving cooking quality and speed. These innovations not only meet energy consumption standards but also offer features like smart controls for energy optimization, further enhancing operational efficiency.

Restraining Factors

High Initial Investment

A major restraint in the commercial oven market is the high initial investment required for advanced, energy-efficient models. While these ovens provide long-term savings through lower energy consumption, the upfront cost can be a significant barrier for small- and medium-sized businesses, particularly in emerging markets. For example, a top-tier combi oven can cost upwards of $20,000, which might be out of reach for smaller establishments or new entrants to the market.

Although businesses can recover the cost through energy savings over time, the high initial capital required can deter operators from upgrading or investing in high-tech solutions. This is especially true in regions where labor and operational costs are low, and there is a preference for more affordable, traditional cooking equipment.

The high price tag also limits the adoption of advanced ovens in the restaurant and catering segments, where profit margins can be tighter. Despite these challenges, many businesses are turning to financing options and government incentives to manage the costs, but the initial investment remains a significant hurdle in the widespread adoption of these advanced ovens.

Growth Opportunity

Expansion in Emerging Markets

The commercial oven market presents a significant opportunity for expansion in emerging markets, particularly in regions like Asia-Pacific, the Middle East, and Latin America. Rapid urbanization, increasing disposable incomes, and a growing middle class in countries like China, India, and Brazil are driving the expansion of the food service sector.

As a result, there is a rising demand for modern kitchen equipment, including commercial ovens, to meet the needs of a growing population with more diverse and convenient food options. In these regions, the food service industry is evolving, with new restaurant chains, hotels, and catering businesses opening at a rapid pace. This growth creates an opportunity for commercial oven manufacturers to enter new markets and offer products tailored to local needs. Additionally, the growing trend toward fast food and convenience foods in these regions further fuels the demand for high-efficiency ovens that can handle bulk cooking.

To tap into these markets, manufacturers can offer cost-effective, locally adapted solutions, while also benefiting from government incentives aimed at promoting energy-efficient equipment. The potential for growth in emerging markets is significant, and companies that strategically position themselves in these regions stand to gain a competitive edge.

Challenge

Technological Integration and Maintenance

One of the biggest challenges in the commercial oven market is the complexity of integrating advanced technologies, such as IoT connectivity and smart kitchen solutions, into commercial kitchens. While smart ovens offer advantages like remote operation, predictive maintenance, and energy management, their integration can be challenging for food service operators.

Many small and medium-sized businesses lack the technical expertise or infrastructure to adopt and fully utilize these sophisticated systems. The installation and configuration of these systems can require specialized knowledge, and without proper training, employees may struggle to use the technology effectively. Additionally, maintenance of high-tech ovens can be costly and requires specialized service, leading to higher operational costs for businesses that rely on these advanced machines.

In some cases, issues like software malfunctions or connectivity problems can disrupt kitchen operations, leading to delays and inefficiencies. For businesses to successfully navigate these challenges, manufacturers must focus on providing comprehensive training, user-friendly interfaces, and reliable after-sales support. Balancing innovation with practicality and ensuring seamless integration will be crucial to overcoming these technological barriers.

Emerging Trends

The commercial oven market is evolving rapidly, driven by technological advancements, sustainability concerns, and shifting consumer preferences. One key emerging trend is the increasing adoption of energy-efficient and eco-friendly ovens. These innovations are designed to reduce energy consumption and minimize environmental impact.

With rising energy costs and sustainability becoming more important, commercial kitchens are increasingly opting for ovens with better energy ratings and environmentally friendly designs. According to experts, energy-efficient ovens can cut operational costs by 20-30%, providing long-term savings for businesses.

Another notable trend is the integration of smart technology in commercial ovens. IoT-enabled ovens now offer features such as remote monitoring, predictive maintenance, and precise cooking controls. These features help operators optimize cooking processes, ensure consistency, and reduce the risk of human error.

For example, operators can monitor oven temperatures remotely, adjusting settings in real-time, thus enhancing efficiency and reducing food waste. The rise of cloud-based control systems allows businesses to track multiple oven units across various locations, improving central management and operation.

In addition, the demand for versatile ovens is growing. As commercial kitchens strive for operational efficiency and space-saving solutions, multifunctional ovens that combine baking, roasting, grilling, and steaming are becoming increasingly popular. These all-in-one appliances can streamline workflows, reduce equipment clutter, and improve productivity. The popularity of such ovens is expected to continue growing as businesses seek to maximize output without expanding kitchen space.

Business Benefits

Investing in advanced commercial ovens can offer numerous benefits to businesses in the food service industry. One of the most significant advantages is cost savings. As energy-efficient ovens consume less power, businesses can lower their utility bills, which is crucial given the rising costs of energy. Over time, the savings on energy consumption can offset the initial cost of the oven, making it a wise long-term investment.

Smart commercial ovens also enhance operational efficiency. Features such as automated cooking cycles, programmable timers, and remote monitoring allow kitchen staff to focus on other tasks while the oven ensures precise cooking. This not only improves consistency and quality but also reduces labor costs by minimizing the need for constant supervision. Additionally, the ability to schedule maintenance alerts and monitor oven performance helps prevent costly downtime due to equipment failure.

Moreover, multifunctional ovens that can perform multiple tasks in one unit provide significant space and labor savings. They help businesses avoid the need to purchase separate ovens for different cooking processes, thus freeing up valuable kitchen space and simplifying operations. This can be particularly advantageous for smaller kitchens with limited space. By investing in versatile ovens, businesses can achieve greater flexibility, allowing them to adapt quickly to changing menu demands and customer preferences.

Regional Analysis

In 2023, North America dominated the Commercial Oven Market with a 37.3% share, USD 3.9 Billion.

In 2023, North America held a dominant market position in the Commercial Oven Market, capturing more than 37.3% of the total market share, equivalent to a revenue of approximately USD 3.9 Billion. This leadership can primarily be attributed to the robust demand for commercial ovens across the region’s extensive food service industry, including restaurants, hotels, and catering businesses.

The U.S. and Canada, in particular, are home to a high concentration of food processing companies and food service chains, which further contributes to the increasing demand for advanced commercial oven solutions. Additionally, the presence of major oven manufacturers and continuous innovations in energy-efficient and smart oven technologies have bolstered market growth in this region.

Europe follows as the second-largest market, driven by the steady demand from established markets like the UK, Germany, and France, and emerging markets in Eastern Europe. The region’s focus on sustainability and energy-efficient solutions has spurred interest in more advanced commercial oven technologies, particularly in the hotel and restaurant sectors. The European market is expected to maintain consistent growth, driven by government regulations favoring energy-efficient appliances and the growing popularity of baking ovens in artisan food production.

Asia-Pacific (APAC) is also experiencing significant growth, driven by rapidly urbanizing countries such as China, India, and Japan, where the expanding middle class is increasing demand for processed food and restaurant services. The ongoing shift towards modern cooking techniques in both small and large-scale foodservice operations is contributing to the rising adoption of commercial ovens in the region.

The Latin America, Middle East, and Africa (LAMEA) markets are expected to grow at a relatively slower pace compared to the North American and APAC markets. In these regions, the commercial oven market is primarily driven by the growing food service sectors, particularly in countries like Brazil, the UAE, and South Africa.

However, regional economic fluctuations and price sensitivity can pose challenges to widespread adoption, leading to slower market expansion. Nonetheless, as these regions continue to urbanize and improve their food service infrastructure, growth opportunities for commercial oven manufacturers will remain, particularly in the high-demand segments such as hospitality and quick-service restaurants.

Key Regions and Countries

North America

• The US
• Canada
• Rest of North America

Europe

• Germany
• France
• The UK
• Spain
• Netherlands
• Russia
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• Singapore
• Thailand
• South Korea
• Vietnam
• India
• New Zealand
• Rest of Asia Pacific

Latin America

• Mexico
• Brazil
• Rest of Latin America

Middle East & Africa

• Saudi Arabia
• South Africa
• UAE
• Rest of the Middle East & Africa

Key Players Analysis

The commercial oven market is experiencing significant growth, driven by the demand for energy-efficient, high-performance cooking equipment in the food service industry. Key players in this market have continually innovated to meet the evolving needs of restaurants, hotels, and institutional kitchens. Among these, Duke Manufacturing, Admiral Craft Equipment, and Alto-Shaam are prominent contributors, known for their robust product offerings and industry expertise.

Duke Manufacturing is a recognized leader in the commercial kitchen equipment industry, particularly known for its versatile and energy-efficient ovens. The company has a long history of providing high-quality cooking solutions, with an emphasis on durability and ease of use. Duke Manufacturing’s products are widely used across various sectors, from restaurants to large-scale institutions, and the company has built a strong reputation for innovation, including energy-saving technologies that enhance operational efficiency.

Admiral Craft Equipment offers a diverse range of commercial ovens, known for their affordability and reliability. Their products are designed to serve the needs of small to medium-sized food service operations. The company emphasizes practicality and cost-effectiveness, making its ovens a preferred choice for many businesses seeking dependable cooking solutions without a high upfront cost.

Alto-Shaam is renowned for its advanced cooking technologies, particularly its innovative combination of ovens and holding cabinets. The company’s products are recognized for their precision and ability to deliver consistent results, making them a favorite among chefs and culinary professionals. Alto-Shaam’s commitment to sustainability, with energy-efficient models, has contributed to its strong presence in the market, especially in high-demand commercial kitchens.

These companies’ ability to combine performance, energy efficiency, and innovation sets them apart in the competitive commercial oven market.

Market Key Players

• Duke Manufacturing
• Admiral Craft Equipment
• Alto-Shaam
• Montague
• Moffat Group
• BKI
• Merrychef
• Cadco
• Machinery Point
• HEATING TOOLS & SYSTEMS
• Safire Industries
• Jomind
• Orange Foodstuff Equipment Pvt. Ltd
• Rehan Engineering
• LEWCO
• HeatTek, Inc.
• TurboChef Technologies
• Toastmaster
• American Range
• Garland Group
• Hadala Kitchen
• Sharp Corporation
• Alto-Shaam
• Whirlpool Corporation
• AB Electrolux.
• Haier Group Corporation
• Dongbu Daewoo Electronics
• SMEG
• Robert Bosch GmbH
• LG Electronics
• Panasonic Corporation

Recent Development

• In June 2024, Admiral Craft Equipment secured a partnership with one of the top restaurant chains in the U.S. to supply over 1,000 units of their convection ovens for new restaurant locations. This partnership is valued at $5.5 million and marks a significant step in expanding Admiral Craft’s presence in large-scale food service operations.
• In April 2024, Alto-Shaam launched a new high-speed oven series that combines advanced microwave and convection technologies, which can cook food up to 40% faster than conventional ovens. This launch is expected to generate $10 million in sales within the first six months, as demand for quick-service restaurants continues to rise.
• In March 2024, Duke Manufacturing introduced a new line of energy-efficient convection ovens, designed to reduce energy consumption by 15%. This new model aims to meet the growing demand for sustainable kitchen solutions. The ovens are already being implemented in over 200 commercial kitchens across North America, showcasing strong early adoption.

Report Scope