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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Rapid Industrialisation and Growing Utilisation of Industrial Ovens in Various Applications to Boost the Industry Growth
The growing industrialisation and urbanisation, particularly in developing regions, are driving the growth of the global market for industrial oven. This is further supported by the growing adoption of industrial ovens over industrial furnaces in various end use sectors. The growing awareness regarding the benefits offered by industrial oven is driving the demand for the product.
Over the forecast period, the rapid technological advancements and the growing investments to develop industrial ovens that consume less electricity while meeting the international standards are expected to have a positive effect on the expansion of the global market. Meanwhile, the growing demand for walk-in ovens is expected to be a major trend in the forecast period.
Industrial Oven Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 18.70 billion by 2032.
The major drivers of the market are the growing industrialisation, need to enhance productivity and reduce manufacturing cost, rising demand from developing regions, and growing technological advancements.
The key trends guiding the growth of the market include the growing awareness and rising demand for walk-in ovens.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading product types of industrial oven in the market are curing oven, baking oven, drying oven, and reflow oven, among others.
The major process types of industrial oven in the market are batch and continuous.
The significant heating mediums in the market are natural gas, electric heat, steam coal, and fuel oil, among others.
The leading applications in the market are aerospace, furniture, marine, automotive, pharmaceutical, and food production, among others.
The major players in the global industrial oven market are ASC Process Systems, Eastman Manufacturing Ltd., Wisconsin Oven Corporation, JPW Industrial Ovens & Furnaces Inc., The Grieve Corporation, and Steelman Industries, Inc., among others.
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