LONDON--(BUSINESS WIRE)--The new commercial wood-fired pizza ovens market research from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.
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"One of the primary growth drivers for this market is the Rising Focus on Reducing Cooking Time,” says a senior analyst for the Industrials industry at Technavio.
The rising focus on reducing cooking time is one of the key factors driving market growth. Commercial wood-fired pizza ovens reduce the cooking time for end-users. This reduces the waiting time of customers and improves the overall customer experience while also achieving operational efficiency. End-users can deliver products to a maximum number of customers within a shorter period of time compared to other commercial pizza ovens. Commercial wood-fired pizza ovens take around 2-5 minutes for cooking. Moreover, the number of pizzas produced per hour is also higher in commercial wood-fired pizza ovens. The increased output, coupled with shorter cooking time, will attract many potential end-users to invest in the commercial wood-fired pizza ovens market during the forecast period.
As the markets recover, Technavio expects the commercial wood-fired pizza ovens market size to grow by USD 12.83 million during the period 2020-2024.
Commercial Wood-fired Pizza Ovens Market Segment Highlights for 2020
- The commercial wood-fired pizza ovens market is expected to post a year-over-year growth rate of 3.58%.
- As commercial black wood-fired pizza ovens retain heat for long time periods, they are preferred by pizza manufacturers. Moreover, black wood-fired ovens get heated up very fast.
- As a result, they are capable of rapidly baking food products such as pizzas. These factors have been driving the sales of commercial black wood-fired pizza ovens, driving the commercial wood-fired pizza ovens market growth.
- The commercial wood-fired pizza ovens market share growth by the commercial black wood-fired pizza ovens segment will be faster than the growth of the market by the commercial white wood-fired pizza ovens segment.
Regional Analysis
- 29% of the growth will originate from the Europe region.
- Benefits such as customization and convenience will significantly influence the commercial wood-fired pizza ovens market growth in this region over the forecast period.
- Moreover, the fact that fast-casual pizza is one of the popular categories in the region, the sales of commercial wood-fired pizza ovens are expected to increase during the forecast period.
- The UK, Germany, and France are the key markets for commercial wood-fired pizza ovens in Europe. Market growth in this region will be slower than the growth of the market in other regions.
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Notes:
- The commercial wood-fired pizza ovens market size is expected to accelerate at a CAGR of over 4% during the forecast period.
- The commercial wood-fired pizza ovens market is segmented by Product (Commercial black wood-fired pizza ovens and Commercial white wood-fired pizza ovens) and Geographic Landscape (APAC, Europe, MEA, North America, and South America).
- The market is fragmented due to the presence of many established vendors holding significant market share.
- The research report offers information on several market vendors, including Californo, EarthStone Wood-Fire Ovens, Fontana Forni USA, Forza Forni Inc., Gourmet Wood Fired Ovens Perth, Le Panyol, Marra Forni, Mugnaini Imports Inc., The Bushman - Wood Fired Ovens, and The Stone Bake Oven Co.
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December 08, 2020 at 06:00PM
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Commercial Wood-fired Pizza Ovens Market Research Report- COVID-19 Analysis Based on Commercial Black Wood-fired Pizza Ovens and Commercial White Wood-fired pizza Ovens Products | Technavio - Business Wire
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