USD 1.80 Billion
Report ID:
SQMIG25H2019 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
63
|Figures:
75
Pizza oven Market size was valued at USD 1.80 Billion in 2022 and is poised to grow from USD 1.90 Billion in 2023 to USD 2.89 Billion by 2031, at a CAGR of 5.4% during the forecast period (2024-2031).
Pizza ovens are used in both residential and commercial settings, including homes, restaurants, pizzerias, and foodservice establishments. The purpose of the pizza oven market is to provide consumers and businesses with efficient and effective tools for preparing high-quality pizzas. As the popularity of pizza continues to rise globally, the demand for pizza ovens has witnessed significant growth. Pizza enthusiasts and businesses in the food industry rely on these ovens to achieve authentic flavors, textures, and cooking techniques associated with different styles of pizza.
The driving factors behind the growth of the global pizza oven market is the increasing consumer preference for homemade pizzas. As people seek to recreate restaurant-quality pizzas in their own kitchens, the demand for high-performance pizza ovens has surged. Additionally, the growth of the foodservice industry, including pizza chains and delivery services, has contributed to the market's expansion. Challenges in the pizza oven market include intense competition among manufacturers and the need to continually innovate and differentiate their products.
With a wide range of options available in the market, manufacturers must focus on product quality, performance, energy efficiency, and user-friendly features to stay competitive. Meeting diverse customer preferences, such as accommodating gluten-free or vegan pizza preparations, can also present challenges. Opportunities in the global pizza oven market lie in expanding consumer awareness and education about the benefits and versatility of pizza ovens.
Manufacturers can explore collaborations with renowned chefs or culinary experts to promote their products and showcase unique pizza recipes. Moreover, advancements in technology, such as smart features, temperature control systems, and energy-efficient designs, can provide opportunities for manufacturers to cater to the evolving needs of consumers. The global pizza oven market serves the purpose of providing individuals and businesses with specialized equipment to prepare high-quality pizzas. While driving factors like the rising popularity of homemade pizzas and the growth of the foodservice industry contribute to market expansion, factors such as high costs and competition pose challenges. However, opportunities exist in consumer education and technological advancements to further fuel the growth of the pizza oven market.
US Pizza Oven Market is poised to grow at sustainable CAGR for the next forecast year
Global Market Size
USD 1.80 Billion
Largest Segment
Commercial
Fastest Growth
Residential
Growth Rate
5.4% CAGR
To get more reports on the above market click here to Buy The Report
The global pizza oven market is segmented on the basis of end-use, application, and region. In terms of end-use, the market is segmented into residential, and commercial. Based on Distribution channel, the market is segmented into Wholesalers/Distributors, Specialty Stores, Online Retailers, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Pizza oven Market Analysis by End-use
The commercial segment emerged as the dominant end-use segment in the global pizza oven market, capturing a significant share of 72.0% in 2022. This segment is driven by the increasing adoption of pizza in various foodservice establishments, including restaurants, cafes, and pizzerias. These businesses are responding to the growing consumer demand for pizzas with diverse toppings and flavors, incorporating them into their menus. As a result, there is a rising need for efficient and reliable commercial pizza ovens to meet the high production volume and quality requirements of these establishments. The expansion of both local and international pizza chains further contributes to the demand for commercial pizza ovens, as these chains require advanced equipment to maintain consistency across their locations and cater to a large customer base.
The residential segment is projected to witness significant growth during the forecast period, with an estimated compound annual growth rate (CAGR) of 6.0%. This growth is attributed to the increasing popularity of home cooking and the desire of individuals to recreate the authentic taste and experience of restaurant-style pizzas in the comfort of their own homes. With the rise of food-related media platforms, cooking shows, and social media, more people are engaging in cooking as a hobby and seeking equipment that allows them to achieve professional-level results. Residential pizza ovens provide homeowners with the opportunity to experiment with different pizza recipes, control the cooking process, and customize their pizzas according to their preferences. The convenience and versatility offered by residential pizza ovens make them an attractive option for pizza enthusiasts who value the authentic flavors and textures associated with brick-oven pizzas.
Pizza oven Market Analysis by Distribution channel
In 2022, The specialty stores emerged as the dominant distribution channel segment in the global pizza oven market, capturing a significant share of 34.2%. These specialty stores specialize in selling pizza ovens and related equipment, offering a dedicated space where customers can explore different options and receive expert guidance. With knowledgeable staff who possess expertise in pizza ovens, these stores can provide valuable insights and recommendations based on customers' specific needs, preferences, and budget. The personalized assistance offered by specialty stores creates a positive shopping experience for customers, who can rely on the expertise of the staff to make informed decisions about selecting the right pizza oven. Additionally, these stores often provide assistance with installation and maintenance, further enhancing customer satisfaction and loyalty.
The online retailers' segment is projected to experience significant growth during the forecast period, with an estimated compound annual growth rate (CAGR) of 5.9%. The increasing trend of online shopping has extended to the pizza oven market, with consumers gravitating towards online channels for their convenience and accessibility. Online retailers offer a wide range of pizza ovens from various brands, allowing customers to compare options and find the one that best suits their requirements. The convenience of online shopping, including significant discounts, easy payment options, and doorstep delivery, attracts consumers who value a hassle-free purchasing experience. Furthermore, online channels provide a platform for customers to access customer reviews and ratings, enabling them to make informed purchasing decisions. The convenience and extensive product selection offered by online retailers contribute to the growth of this distribution channel segment in the pizza oven market.
To get detailed analysis on other segments, Request For Free Sample Report
In 2022, Europe emerged as the dominant region in the global pizza oven market, capturing a substantial share of 28.7%. This can be attributed to Europe's rich heritage and expertise in pizza oven manufacturing. European manufacturers boast generations of experience and craftsmanship in designing and constructing pizza ovens. Their deep-rooted knowledge and skill set enable them to create high-quality, durable, and reliable products that cater to a diverse range of customer needs. Italy, in particular, holds a significant place in the history of pizza, and its influence on the pizza oven industry is undeniable. The longstanding tradition of pizza consumption in Europe has fostered the growth of a robust pizza oven manufacturing industry, solidifying the region's dominance in the market.
Asia Pacific is poised to experience substantial growth in the pizza oven market, with a projected CAGR of 6.2% from 2023 to 2030. The rapid economic growth and urbanization witnessed in countries across Asia Pacific have led to an increase in disposable income and the expansion of the middle class. As a result, more consumers in the region can afford consumer goods, including pizza ovens, thereby driving demand. Additionally, the flourishing food service industry in Asia Pacific has contributed to the market's growth. The region has witnessed a surge in the number of restaurants, pizzerias, and cafes, creating a greater need for commercial pizza ovens. This rise in demand has attracted both domestic and international manufacturers to enter the market and cater to the growing customer base.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Pizza oven Market Drivers
Increasing Popularity of Homemade Pizza
Expansion of Food Service Industry
Pizza oven Market Restraints
High Cost of Commercial Pizza Ovens
Limited Consumer Awareness in Certain Regions
Request Free Customization of this report to help us to meet your business objectives.
The global pizza oven market is highly competitive, with numerous players operating in the industry. These companies strive to gain a competitive edge by offering innovative products, expanding their distribution networks, and providing exceptional customer service. The competitive landscape is characterized by continuous product innovation, strategic partnerships, and expansion into new markets. Manufacturers are also emphasizing the development of energy-efficient and eco-friendly ovens to align with changing consumer preferences. Overall, the competitive landscape of the global pizza oven market remains dynamic and driven by the pursuit of delivering superior products and experiences to customers.
Pizza oven Market Top Player’s Company Profiles
Pizza oven Market Recent Developments
In March 2024, Gozney launched its long-awaited Arc and Arc XL pizza ovens, setting a new standard for baking delicious pizzas at home. Arc allows you to make restaurant-level pizza in just 60 seconds with the brand’s professional performance, intuitive features and a groundbreaking new side gas burner.
In February 2024, Worthington Enterprises Inc. added pizza ovens and grills to its product portfolio. The Columbus-based company made its first acquisition since splitting off into its own business by acquiring an 80% stake in an affiliate of Elizabethtown, Kentucky-based Halo Products Group.
In January 2024, the Fiero Group announced a strategic partnership with ASM Culinary Equipment, based in Mechanicsville, MD. The partnership is set to leverage ASM's dominance in the Mid-Atlantic Pizza category to significantly expand the Fiero brand's footprint in the region.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global pizza oven market analysis, the demand for pizza ovens is primarily driven by the growing number of pizzerias, restaurants, and food service establishments globally. These businesses are expanding their menus to include pizza, leading to an increased demand for efficient and high-quality pizza ovens. Additionally, the rising trend of home cooking and the desire to recreate restaurant-style pizzas at home have boosted the demand for residential pizza ovens. The market is also influenced by factors such as advancements in technology, innovative product designs, and the availability of various types of pizza ovens, including wood-fired, gas-fired, and electric ovens.
However, the market does face certain challenges, such as high initial costs of commercial-grade pizza ovens, limited kitchen space in residential settings, and intense competition among market players. Nevertheless, the market presents significant opportunities for growth, including expanding consumer awareness and preference for artisanal and gourmet pizzas, increasing adoption of online sales channels, and the development of compact and portable pizza ovens to cater to outdoor and mobile cooking needs. Overall, the global pizza oven market is expected to witness sustained growth in the coming years as more people indulge in the joy of pizza-making and seek authentic and convenient pizza baking experiences.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.80 Billion |
Market size value in 2031 | USD 2.89 Billion |
Growth Rate | 5.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Pizza Oven Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pizza Oven Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pizza Oven Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pizza Oven Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG25H2019
sales@skyquestt.com
USA +1 351-333-4748