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Tunnel Oven Market Research Report Offers Growth Prospects

07-03-2017 01:25 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Tunnel Oven Market Research Report Offers Growth Prospects

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. 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.

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Tunnel OvenMarket: Market Segmentation

The Tunnel Oven Market is segmented into three parts based on type, conveyer availability, volume and power type:

Based on product type, the tunnel oven market is segmented into:

Direct Gas Fired Multi-Burner
Forced Convection
Radiant
Hybrid Oven
Others

Based on conveyer availability, the tunnel oven market is segmented into:

Tunnel Oven with Conveyer
Tunnel Oven without Conveyer

Based on volume, the tunnel oven market is segmented into:

500 cubic feet

Based on power type, the tunnel oven market is segmented into:

Gas
Electric
Hybrid

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. 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 .

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Tunnel Oven Market: Key Players

Some of the players identified in Global Tunnel Oven market are:-

UTF Oven
Koenig Graz
Farhat Bakery Equipment
Italfroni
Besto Oven Industries
The Henry Group
Ideal Engineering A/S
Reading Bakery Systems
Alitech SRL
Bakery Technology Equipment, LLC
ELIN S.A.
Steelman Industries Inc.
Middleby Bakery Group
Gemini Bakery Equipment Company

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
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Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
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Email: sales@futuremarketinsights.com
Website: http://www.futuremarketinsights.com/

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