The market for electric pizza ovens will reportedly grow at a tame CAGR of 6.7% during the forecast period. Using the market’s present valuation as a guide, US$ 237.9 million will be the estimated value in 2023. By 2033, according to market analysts, the electric pizza oven is expected to produce US$455.1 million. Future Market Insights analysts discovered that the historical market valuation for the subject market was US$ 222.6 million in the base year, when the market was increasing at a CAGR of 5.8%. Pizza ovens powered by electricity provide benefits beyond portability and speedy cooking times. The following additional benefits of electric pizza ovens are what fuel the market:
Many commercial food chains, including restaurants, fast food chains, hotels, cafés, coffee shops, catering businesses, resorts, pizza outlets, inns, and others, depend heavily on pizza ovens.
Each pizza produced by an electric pizza maker often has a uniform, same flavour.
Because it bakes with the door closed the majority of the time to avoid heat loss, it requires less energy than a wood-burning oven.
The main advantage of an electric oven is that it virtually looks after itself thanks to computerised temperature management.
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Most contemporary electric pizza ovens enable regulating the vault and floor temperatures separately to create the optimal balance of heat and humidity emanating from the top and bottom.
Because it is compact and takes up little space, it is highly useful and simple to keep.
Pizza is incredibly popular in almost every restaurant because of customer demand and desire, which has created it that way.
Commercial establishments are increasingly looking for electric pizza ovens due to their ease as pizza demand rises.
When it comes to pizza joints, millennials are in it for the money.
Due to urbanisation and an increase in consumer purchasing power, pizza shops have become a very popular place for people, particularly millennials, to spend their excess cash. As a result, even in developing countries where brand-new hotel facilities are being constructed, there is a great chance.
One of the current trends in the industry is to offer specialised solutions because every commercial kitchen has different requirements with regard to size, fuel used, cleaning ease, size of the grill, number of burners, ease of regulating temperature, cost-effective pricing, custom heat settings and timer, etc. In electric pizza ovens, they have everything. With these traits, which are current industry trends, the market participants are seeking to satisfy these client needs. These customised goods and the creative blending of essential components are giving brands a competitive edge.
Additionally, it is simpler to enter because this industry is already established and pizza ovens are nearly standard in commercial kitchens in industrialised countries. Offering avant-garde designs and aesthetics can open up new possibilities for players. Producers of commercial electric pizza ovens may develop lucrative market opportunities by incorporating well-liked features in response to customer demand.
The cost of electricity might be reduced by investing in renewable energy sources like solar panels, which are subsidised in many countries. Although initially more expensive, electric ovens generally require less maintenance and time, which makes them perfect for a busy restaurant.
Some of the other key companies proliferating in the market are
- Bakers Pride
- Benchmark USA
- Blodgett
- Turbochef
- Vollrath
- Waring
- Akasa International
- Omcan Inc.
- APW Wyott
- Doyon
Key Segments in the Electric Pizza Oven Market
By Type:
- Conveyor
- Deck Ovens
- Rapid Cook Ovens
By Automation Type:
- Automatic
- Semi-automatic
By Load:
- 1600W
- 2400W
- 4500W
- Others
By Maximum Temperature:
- 350°F
- 400°F
- 600°F
- 800°F
- 1000°F
- Others
By Application:
- Residential
- Commercial
By Sales Channel:
- Wholesalers/Distributors
- Direct Sales
- Online Retailers
- Specialty Stores
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia Pacific
- East Asia
- Middle East and Africa
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