Market Forecast By Number of Trays (Less Than 6 Trays, Between 6-10 Trays, Between 11-15 Trays, Between 15-20 Trays, Above 20 Trays), By Power (Gas, Electric), By Applications (Food Service, Food), By Distribution Channels (Multi-branded Stores, Speciality Stores, Online Stores, B2B) and Competitive Landscape
Product Code: ETC4624269 | Publication Date: Sep 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 17 | No. of Tables: 10 | |
During the pre-COVID years, Australia commercial cooking ovens market witnessed decent growth on account of the growing purchases from quick and service restaurants for instance Aussies spent $19 billion on fast food in 2018 and QSR revenue from online orders amounted to $278 million in 2019. However, the market was negatively impacted in 2020 owing to restrictions imposed to curtail the spread of the COVID-19 pandemic. Moreover, the tourism activities were temporarily halted which further hampered the growth of the market. However, the commercial cooking market has recovered owing to the growing use of online meal delivery applications, such as UberEats as well as the rise in popularity of these services with online food sales in Melbourne and Sydney increasing by 10.8% in 2021. Currently, Australians are spending an average of $60 on food delivery services per week, almost double as per the previous year which is boosting the growth of the food sector and driving the demand for commercial cooking ovens in the country.
According to 6Wresearch, Australia Commercial Cooking Ovens Market revenue is projected to grow at a CAGR of 4.5% during 2023-2029. The demand for commercial cooking ovens is primarily driven by the growing tourism industry with an estimated 11 million international tourists by 2027 that would continuously make hoteliers establish new hotels in the country. Furthermore, the construction of 151 new four- and five-star hotels, altogether comprising 26,776 new rooms during 2022-2025 is expected to result in a greater need for commercial ovens in these establishments for cooking a variety of cuisines such as pizzas, roasted chicken, desserts and others and thus, would contribute to the growth of the Australia commercial cooking ovens during the forecast period.
In 2022, Between 6-10 trays captured the largest revenue share in the Australia commercial cooking ovens market. This trend is fuelled by high capacity enables them to handle significant quantities of food at once., which is crucial for restaurants, bakeries, and catering businesses. In terms of several trays, the current market is majorly occupied by Less than 6 trays of commercial cooking ovens owing to its less space requirement as smaller ovens are more space-efficient. Additionally, the lower power requirements and ease of installation, maintenance, and operation are also contributing factors to the growth of less than 6 Trays commercial ovens in Australia.
Growth opportunities lie in electric commercial ovens, as they are 75%-80% more efficient in producing heat for cooking. Additionally, there are growing initiatives from various organizations looking to promote this method for health concerns as well as environmental reasons.
Growth opportunities lies in the food service segment as the growing number of fast-food chains along with increasing fast-food spending for instance consumers spending an average of $60 on food delivery services per week in 2023 an increase from $32 per week in the previous year.
Multi-branded segment garnered maximum revenue share owing to the ease of availability of various verities and it provides a wide variety of options to choose from in a single place such as convection ovens, deck ovens, combi ovens, and more. The online segment has chance to rise in the years to come.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of the Report |
2.3 Market Scope and Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Australia Commercial Cooking Ovens Market Overview |
3.1 Australia Commercial Cooking Ovens Market Revenues and Volume (2019-2029F) |
3.2 Australia Commercial Cooking Ovens Market Industry Life Cycle |
3.3 Australia Commercial Cooking Ovens Market Porter’s Five Forces Model |
4. Australia Commercial Cooking Ovens Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Australia Commercial Cooking Ovens Market Trends & Evolution |
6. Australia Commercial Cooking Ovens Market Overview, By Number of Trays |
6.1 Australia Commercial Cooking Ovens Market Revenue Share and Revenues, By Number of Trays (2019-2029F) |
6.1.1 Australia Commercial Cooking Ovens Market Revenues, By Less Than 6 Trays (2019-2029F) |
6.1.2 Australia Commercial Cooking Ovens Market Revenues, By Between 6-10 Trays (2019-2029F) |
6.1.3 Australia Commercial Cooking Ovens Market Revenues, By Between 11-15 Trays (2019-2029F) |
6.1.4 Australia Commercial Cooking Ovens Market Revenues, By Between 15-20 Trays (2019-2029F) |
6.1.5 Australia Commercial Cooking Ovens Market Revenues, By More Than 20 Trays (2019-2029F) |
6.2 Australia Commercial Cooking Ovens Market Volume Share and Volume, By Number of Trays (2019-2029F) |
6.2.1 Australia Commercial Cooking Ovens Market Volume, By Less Than 6 Trays (2019-2029F) |
6.2.2 Australia Commercial Cooking Ovens Market Volume, By Between 6-10 Trays (2019-2029F) |
6.2.3 Australia Commercial Cooking Ovens Market Volume, By Between 11-15 Trays (2019-2029F) |
6.2.4 Australia Commercial Cooking Ovens Market Volume, By Between 15-20 Trays (2019-2029F) |
6.2.5 Australia Commercial Cooking Ovens Market Volume, By More Than 20 Trays (2019-2029F) |
7. Australia Commercial Cooking Ovens Market Overview, By Power |
7.1 Australia Commercial Cooking Ovens Market Revenue Share and Revenues, By Power (2019-2029F) |
7.1.1 Australia Commercial Cooking Ovens Market Revenues, By Electric (2019-2029F) |
7.1.2 Australia Commercial Cooking Ovens Market Revenues, By Gas (2019-2029F) |
7.2 Australia Commercial Cooking Ovens Market Volume Share and Volume, By Power (2019-2029F) |
7.2.1 Australia Commercial Cooking Ovens Market Volume, By Electric (2019-2029F) |
7.2.2 Australia Commercial Cooking Ovens Market Volume, By Gas (2019-2029F) |
8. Australia Commercial Cooking Ovens Market Overview, By Applications |
8.1 Australia Commercial Cooking Ovens Market Revenue Share and Revenues, By Applications (2019-2029F) |
8.1.1 Australia Commercial Cooking Ovens Market Revenues, By Food Service (2019-2029F) |
8.1.2 Australia Commercial Cooking Ovens Market Revenues, By Food (2019-2029F) |
8.1.3 Australia Commercial Cooking Ovens Market Revenues, By B2B (2019-2029F) |
9. Australia Commercial Cooking Ovens Market Overview, By Distribution Channels |
9.1 Australia Commercial Cooking Ovens Market Revenue Share and Revenues, By Distribution Channels (2019-2029F) |
9.1.1 Australia Commercial Cooking Ovens Market Revenues, By Multi-Branded Stores (2019-2029F) |
9.1.2 Australia Commercial Cooking Ovens Market Revenues, By Speciality Stores (2019-2029F) |
9.1.3 Australia Commercial Cooking Ovens Market Revenues, By Online Stores (2019-2029F) |
9.1.4 Australia Commercial Cooking Ovens Market Revenues, By B2B (2019-2029F) |
10. Australia Commercial Cooking Ovens Market Average Selling Price, By Brands |
11. Australia Commercial Cooking Ovens Market Key Performance Indicators |
12. Australia Commercial Cooking Ovens Market - Opportunity Assessment |
12.1 Australia Commercial Cooking Ovens Market Opportunity Assessment, By Number of Trays (2029F) |
12.2 Australia Commercial Cooking Ovens Market Opportunity Assessment, By Power (2029F) |
12.3 Australia Commercial Cooking Ovens Market Opportunity Assessment, By Applications (2029F) |
12.4 Australia Commercial Cooking Ovens Market Opportunity Assessment, By Distribution Channels (2029F) |
13. Australia Commercial Cooking Ovens Market - Competitive Landscape |
13.1 Australia Commercial Cooking Ovens Market Revenue Share, By Companies |
13.2 Australia Commercial Cooking Ovens Market Competitive Benchmarking, By Technical Parameters |
13.3 Australia Commercial Cooking Ovens Market Competitive Benchmarking, By Operating Parameters |
14. Company Profiles |
14.1 Moffat Pty Ltd. |
14.2 Rational Australia pty ltd |
14.3 Hobart Australia |
14.4 Electrolux Group |
14.5 Middleby Corporation |
14.6 Winston Industries |
14.7 TechnoBake Pty Ltd |
14.8 Cookon |
14.9 UNOX Spa |
14.10 Garland Group |
15. Key Strategic Recommendations |
16. Disclaimer |
List of Figures |
1. Australia Commercial Cooking Ovens Market Revenues and Volume, 2019-2029F ($ Million, Units) |
2. Australia Meal Delivery Services By Generation, 2020-2022 |
3. Australia Fast Food Revenues, 2022-2028F ($ Billion) |
4. Australia Commercial Cooking Ovens Market Revenue Share, By Number of Trays, 2022 & 2029F |
5. Australia Commercial Cooking Ovens Market Volume Share, By Number of Trays, 2022 & 2029F |
6. Australia Commercial Cooking Ovens Market Revenue Share, By Power, 2022 & 2029F |
7. Australia Commercial Cooking Ovens Market Volume Share, By Power, 2022 & 2029F |
8. Australia Commercial Cooking Ovens Market Revenue Share, By Applications, 2022 & 2029F |
9. Australia Commercial Cooking Ovens Market Revenue Share, By Distribution Channels, 2022 & 2029F |
10. Australia Food Service Restaurants, 2019-2022 (Units) |
11. Australia International Tourists, 2022-2027F (Million) |
12. Australia Commercial Cooking Ovens Market Opportunity Assessment, By Number of Trays, 2029F |
13. Australia Commercial Cooking Ovens Market Opportunity Assessment, By Power, 2029F |
14. Australia Commercial Cooking Ovens Market Opportunity Assessment, By Applications, 2029F |
15. Australia Commercial Cooking Ovens Market Opportunity Assessment, By Distribution Channels, 2029F |
16. Australia Commercial Cooking Ovens Market Revenue Share, By Companies, 2022 |
17. Australia Number of Upcoming Hotel Projects, 2022-25F |
List of Tables |
1. Australia Pizza Outlets, 2020-2022 (Units) |
2. Australia Commercial Cooking Ovens Market Revenues, By Number of Trays, 2019-2029F ($ Million) |
3. Australia Commercial Cooking Ovens Market Volume, By Number of Trays, 2019-2029F (Units) |
4. Australia Commercial Cooking Ovens Market Revenues, By Power, 2019-2029F ($ Million) |
5. Australia Commercial Cooking Ovens Market Volume, By Power, 2019-2029F (Units) |
6. Australia Commercial Cooking Ovens Market Revenues, By Applications, 2019-2029F ($ Million) |
7. Australia Commercial Cooking Ovens Market Revenues, By Distribution Channels, 2019-2029F ($ Million) |
8. Average Selling Price of Commercial Cooking Ovens – By Number of Trays, 2022, (In $/ Unit) |
9. Australia Fast food Restaurants Food Chain, 2020 |
10. Australia Upcoming Major Hotel Projects |