The combi ovens marketplace remains consolidated among tier 1 players where top players in the combi ovens market accounts for over 63% of the total combi ovens market. Prominent players target commercial kitchens and institutions where demand for medium and heavy capacity combi ovens is increasing significantly. Presence of several small and medium sized players have increased the market competition in the combi ovens market where these players continue to introduce low cost combi ovens.
In a bid to maintain the combi ovens market sustainability amidst increasing competition, Tier 1 players are engaged in expanding manufacturing capacities and strengthening regional presence. For instance, Electrolux, in 2017, acquired Continental Brand in Latin America with an aim to strengthen Electrolux’s growth in the Latin America region.
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Among all the regions, Western Europe is expected to emerge as the leading region in the global combi ovens market with a share of 41% in 2017. However, by the end of the forecast period, Western and Eastern Europe are both likely to witness decline in their market shares and North America will witness a substantial rise in its share in the overall market by the end of 2027. The growth of North America can be attributed to the growing investments being done by leading market players. To expand their market presence and global footprint, numerous players are focusing on investing in the North America market. Key players are adopting the strategy of mergers and acquisitions to collaborate with the local emerging players and to penetrate into the North America and strengthen their sales channel distribution.
By Segmentation:
Region
- Power Unit
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East and Africa (MEA)
- Asia Pacific Excluding Japan (APEJ)
- Japan
End Use
- Hotels & Restaurants
- Bakery Stores
- Retail Outlets
- Domestic & Institutional
- Commercial Kitchens
Product Type
- Steam Generated
- Boilerless
Capacity
- Low
- Medium
- Heavy
Power Unit
- Gas
- Electric
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Demand for energy-efficient appliances has led manufacturers in the combi ovens market to introduce energy-efficient appliances. Amidst the intense competition of the food service industry, end-users of the combi ovens continue to seek energy-efficient models in a bid to increase profit margins. As outcome of commercial kitchens significantly relies on the efficiency of combi ovens, demand for energy efficient models is on the rise which help end users in cost savings.
Gas-based combi ovens are highly preferred for their energy-efficiency. Aware of these end user preferences, manufacturers in the combi ovens market are introducing combi ovens models with ENERGY STAR certification for different powered models including electric combi ovens.
The high manufacturing costs and complex design of combi ovens have led to the emergence of several small and medium-sized players who introduce low cost combi ovens in the market. As these players generate revenues through manufacturing of required units only, their market share remains lower as compared to prominent players. However, with their stronger presence in the regional market, medium-sized players continue to capture steady gainful opportunities in the combi ovens market.
Competitive Landscape
Prominent players in the combi ovens market are engaged in implementing novel technology solutions to align evolving end-user demand. RATIONAL, a leader in the combi ovens market has launched new enhancements in company’s SelfCookingCenter® line of combi ovens. The new next generation compact-sized combi ovens are with multiple advanced technology features and RATIONAL’s customer care service.
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- AB Electrolux
- Ali Group Srl
- Alto-Shaam Inc.
- Fagor Industrial S. Coop
- Henny Penny Corp.
Another leader in the combi ovens market, Alto-Shaam Inc. expanded its Vector Series Multi-Cook Oven Line with F Series full-size electric models. These new combi ovens models are designed to fit full-size pans and allows operators to combine oven chambers to accommodate taller food items.