Portland, OR, April 13, 2023 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, the global pizza oven market generated $1.8 billion in 2021 and is expected to reach $3.0 billion by 2031, witnessing a CAGR of 5.0%. . From 2022 to 2031. The report provides detailed analysis of market trends, top segments, key investment pockets, value chains, regional scenarios, and competitive landscape. The report is a useful source of information for leading market players, new entrants, investors and stakeholders to formulate future strategies and take steps to strengthen their position in the market.
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Report coverage and details:
|
Report coverage |
Details |
|
Forecast period |
2022–2031 |
| base year |
2021 |
| Market size in 2021 | $1.8 billion |
| Market size in 2031 | $3.0 billion |
| CAGR | 5.0% |
| Number of pages in the report | 356 |
| Sections covered | Type, product type, application, and region |
|
Drivers |
Growing consumer demand for pizza |
|
Increased interest in home cooking and outdoor cooking |
|
|
The growing popularity of pizza |
|
|
opportunities |
Introducing the eco-friendly pizza oven |
|
Introduction to advanced designs and styles |
|
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Increase in demand for processed foods |
|
|
Restrictions |
High prices of pizza ovens and other cooking options |
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Competition from other cooking methods |
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Limited space in urban areas |
Covid-19 scenario:
- The outbreak of COVID-19 had a mixed effect on the pizza oven industry. On the one hand, due to non-operation of HoReCa, the world market has to suffer revenue loss during the lockdown period.
- On the other hand, the pandemic forced people to stay at home which increased the interest in home cooking which increased the demand for pizza ovens in the middle phase of the pandemic.
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The report provides detailed segmentation of the global pizza oven market based on type, product type, application, and region. The report provides analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants to determine the sub-segments to achieve growth in the coming years.
Based on type, the gas oven segment will account for the largest share in 2021, accounting for more than two-fifths of the global pizza oven market. Furthermore, the electric oven segment is expected to rule the roost in terms of revenue during the forecast period. The wood oven segment, on the other hand, is expected to register the highest CAGR of 6.1% from 2022 to 2031.
By product type, the pre-assembled segment accounted for the largest share in 2021, contributing more than two-thirds of the global pizza oven market, and is expected to maintain its leadership in terms of revenue over the forecast period. This segment is expected to reveal the highest CAGR of 5.1% from 2022 to 2031.
On the basis of application, the commercial segment held the largest share in 2021, accounted for approximately three-fifths of the global pizza oven market and is expected to continue its leadership position during the forecast period. However, the residential segment is expected to register the highest CAGR of 5.6% from 2022 to 2031.
On the basis of region, North America accounted for the largest share in 2021, contributing more than one-third of the global pizza oven market share, and is projected to retain its dominant share in terms of revenue in 2031. Also, the LAMEA region is expected. To reveal the fastest CAGR of 6.0% during the forecast period.
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Major market players of the global pizza oven market analyzed in the research include Italoven, Marra Forni, Wachtel GmbH, Forno Bravo, Cuppone srl, Peppino Cement Ornaments CC, Earthstone Wood-fire Ovens, Fiero Group, Morello Forni Italia Srl, and Henny Penny. Corporation
The report provides a detailed analysis of these key players in the global Pizza Oven market. These players have adopted various strategies such as new product launches, collaborations, expansions, joint ventures, agreements, and others to increase their market share and maintain dominance in various sectors. The report is valuable in highlighting the strategic moves of market players to showcase business performance, operational areas, product portfolios, and competitive landscape.
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About us:
Allied Market Research (AMR) is the full-service market research and business-consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides unmatched quality to global enterprises as well as medium and small businesses”Market research reports” and “Business Intelligence Solutions.” AMR has a targeted approach to providing business insights and consulting to help its clients take strategic business decisions and achieve sustainable growth in their respective market domains.
We have professional corporate relationship with various companies and it helps us to dig market data which helps us to generate accurate research data tables and confirms utmost accuracy in our market forecast. Pawan Kumar, CEO of Allied Market Research, has been instrumental in inspiring and motivating everyone associated with the company to maintain high quality of data and help clients achieve success in every possible way. Each and every data presented in the reports published by us is extracted through primary interviews with top executives of leading companies in respective domains. Our secondary data procurement methodology includes in-depth online and offline research and discussions with knowledgeable industry professionals and analysts.
