Commercial Oven Market Research Report covers the present scenario and the growth prospects of the Commercial Oven Industry for 2016-2021. Commercial Oven Market, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Commercial Oven globally.
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The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Commercial Oven Market:
• Bakers Pride
Other Prominent Vendors of Commercial Oven Market Are:
“Leading commercial oven manufacturers offering energy efficient commercial oven include G. S. Blodgett, Vulcan, and Bakers Pride. Blodgett Zephaire-200-E, an ENERGY STAR certified commercial electric oven, saves up to $500 per year and approximately $6,000 over its entire lifecycle. Similarly, Vulcan VC6GD gas commercial oven saves up to $400 per year and approximately $4,000 over its full lifetime. So, commercial oven manufacturers are introducing new equipment in compliance with ENERGY STAR ratings to get the necessary certifications and improve the product positioning. ENERGY STAR certifications are also being used as a marketing tool since in addition to helping manufacturers promote their equipment, these certifications also help enhance brand image.”
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According to the report, many restaurant chains and bakeries are focusing on renovating the outlets to provide improved customer experience and enhanced cooking process. In early 2016, Domino’s Pizza completed the renovation of its three outlets in North Virginia, US. In 2016, Pizza Hut also announced its plan to renovate around 10% of its franchised store annually till 2025, through its franchise operator NPC International. The operator is expected to spend over $20 million per year to carry out the remodeling.
Report also presents Geographical Segmentation analysis of Commercial Oven Market of Americas, APAC, EMEA region.
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Further, the report states that most commercial kitchens use commercial ovens made of stainless steel as stainless steel equipment can withstand high temperature and enhance the aesthetic appeal of the commercial kitchen décor. The body of a commercial oven is mainly composed of stainless steel. So, steel prices directly impact the production and pricing of commercial ovens. As steel is a commodity, its prices keep on fluctuating frequently. The volatile prices affect the manufacturers and end-users in the industry. The expanding demand-supply gap in steel is also contributing to an increase in the cost of raw materials. For instance, during 2014-2016, due to oversupply, there was a downward pressure on the prices of iron ore. During the forecast period, the demand for steel is expected to increase in most regions, except China. Global steel prices are expected to grow at a CAGR of around 5% during the forecast period, which is expected to influence the pricing of commercial ovens.
Key questions answered in Commercial Oven market report:
No of Pages: 70
Price of Report: $ 3500 (Single User License)
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