Tunnel Oven Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027
Valley Cottage, NY -- (SBWIRE) -- 12/11/2017 -- Tunnel Ovens are commonly used in bakeries ranging from small to large ones, to produce hearth and pan products. Tunnel Ovens come across different types based on heating mechanism, which could be direct gas, forced convection, radiant or hybrid meaning a combination of these. Modern day tunnel ovens are manufactured keeping hygiene standards of baking food integrated in design, and companies in the global tunnel oven industry, often offers custom tailored products to better suit the baking. Tunnel ovens are also used in drying lines across a variegated range of industries such as metal finishing, automotive, electronics, printing, aerospace, pharmaceutical, and more. However, when considering market volumes, these applications are very niche.
The global tunnel over market is expected to expand with a decent CAGR over the forecast period.
Tunnel OvenMarket: Drivers & Restraints
The prime factor driving the demand for tunnel oven is the rapidly rising demand for bakery products particularly from the developing nations. Moreover, with the surging popularity of all healthy, organic and natural baked products, and breads, demand for tunnel oven is bound to rise, as bakeries tend to increase their manufacturing facilities.
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Further, with many prominent tunnel oven manufacturers focusing on introducing more and more customized solutions, bakeries are often adopting different grades of tunnel ovens for different purposes, further boosting the demand in the global tunnel ovens market. Further, with the rising disposable income and purchasing power parity of general population, particularly in developing nations of Asia, the demand for bakery products is expected to continuously rise, fuelling more demand for tunnel oven. Furthermore, as economies revive and industry grow, demand for tunnel oven from non-bakery application is also expected to gradually increase throughout the forecast period.
Tunnel Oven Market: Regional Outlook
Geographically, Tunnel Oven market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa.Western Europe is estimated to be the global leader in terms of demand for tunnel oven due to high preference for baked products. This coupled with rising tourism among western European countries demand for tunnel over shall increase over the forecast period. The North America tunnel oven market is expected to be next in line considering demand for tunnel oven, and is anticipated to grow sluggishly over the forecast period, The Asia Pacific Exc, Japan is the anticipated to be the most potent market considering new investments and demand, and many regional players in China and India have ventured into tunnel oven manufacturing, amid, high demand for tunnel ovens in the region.
Further, with rising disposable income people are more likely spend on bakeries, which has resulted in a boom in number of bakeries in the region. Hence, the Asia Pacific tunnel oven market is expected to expand with an impressive CAGR over the forecast period, with demands primarily coming from India, China and Indonesia.
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The Japanese tunnel oven market is forte of customized innovative solution, and rapid innovations is the prime factor driving demand in the market, as more and more bakeries are expected to overcome their legacy installations. Middle East and Africa, being increasingly more influenced by European lifestyles, is tend to increase their expenditure on bakery products over the forecast period, further boosting demand in the global tunnel oven market .