The Latin America, Middle East and Africa Industrial Oven Market would witness market growth of 7.9% CAGR during the forecast period (2021-2027).
Due to rising industrialization, particularly in emerging economies around the world, the worldwide industrial oven market is predicted to rise steadily. In addition, the substitution of industrial furnaces with industrial ovens in heat treatment activities in manufacturing plants where temperatures less than 1,000 degrees F are required, would help the industry to expand further. On the other hand, the industrial oven's initial cost prevents its widespread use. Furthermore, manufacturers' lack of knowledge of the need for industrial ovens over furnaces for identical purposes is expected to hinder the market growth during the forecasting period.
In the near future, continued technological improvements in the global industrial oven market are projected to give sufficient growth prospects for oven manufacturers and suppliers. To stay competitive and gain market share, key industry players have already turned their focus to innovation and technical breakthroughs. In addition, the advent of novel heating technologies, high-speed convection ovens, interactive oven interfaces, and ventless ovens would help the industry players to keep up the growing demand.
According to USDA Foreign Agricultural Service, Brazil's food processing business was worth US$179 billion in 2018, making it one of the leading worldwide participants in the industry. Brazil's food processing industry grew by 2% in 2018 compared to the previous year, owing to the country's slow recovery from one of the worst economic crises in its history. Considering this, it is expected that the country would witness massive demand for industrial ovens in order to satisfy the demand in food processing industry.
Moreover, many global players are entering the regional market to capitalize on untapped opportunities. For this, these are rolling out effective as well as affordable industrial ovens to both small and large businesses. Further, these players are highly engaged in promotional strategies like marketing their products on social media channels to gain the trust of existing and new customers.
The Brazil market dominated the LAMEA Industrial Oven Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $232.8 million by 2027. The Argentina market is poised to grow at a CAGR of 8.4% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 7.6% during (2021 - 2027).
Based on Process, the market is segmented into Continuous and Batch. Based on Industry, the market is segmented into Food Production & Processing, Automotive & Aerospace, Chemical Processing, Electricals & Electronics, Pharmaceuticals and Others. Based on Heating Medium, the market is segmented into Infrared Heaters, Electric Heat, Fuel & Gas-fired and Others. Based on Product, the market is segmented into Curing Ovens, Baking Ovens, Drying Ovens, Reflow Ovens and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Industrial Oven Market is Predict to reach $12.3 Billion by 2027, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ASC Process Systems, Harper International Corporation, Thermal Product Solutions LLC (Wisconsin Oven Corporation), JPW Industrial Ovens & Furances, Davron Technologies Inc., Grieve Corporation, JLS Ovens and Furnaces Ltd., Steelman Industries, Inc., and Eastman Manufacturing, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Process
By Industry
- Food Production & Processing
- Automotive & Aerospace
- Chemical Processing
- Electricals & Electronics
- Pharmaceuticals
- Others
By Heating Medium
- Infrared Heaters
- Electric Heat
- Fuel & Gas-fired
- Others
By Product
- Curing Ovens
- Baking Ovens
- Drying Ovens
- Reflow Ovens
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- ASC Process Systems
- Harper International Corporation
- Thermal Product Solutions LLC (Wisconsin Oven Corporation)
- JPW Industrial Ovens & Furances
- Davron Technologies Inc.
- Grieve Corporation
- JLS Ovens and Furnaces Ltd.
- Steelman Industries, Inc.
- Eastman Manufacturing, Inc.
TABLE 1 LAMEA Industrial Oven Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Industrial Oven Market, 2021 - 2027, USD Million
TABLE 3 LAMEA Industrial Oven Market by Process, 2017 - 2020, USD Million
TABLE 4 LAMEA Industrial Oven Market by Process, 2021 - 2027, USD Million
TABLE 5 LAMEA Continuous Market by Country, 2017 - 2020, USD Million
TABLE 6 LAMEA Continuous Market by Country, 2021 - 2027, USD Million
TABLE 7 LAMEA Batch Market by Country, 2017 - 2020, USD Million
TABLE 8 LAMEA Batch Market by Country, 2021 - 2027, USD Million
TABLE 9 LAMEA Industrial Oven Market by Industry, 2017 - 2020, USD Million
TABLE 10 LAMEA Industrial Oven Market by Industry, 2021 - 2027, USD Million
TABLE 11 LAMEA Food Production & Processing Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Food Production & Processing Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Automotive & Aerospace Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Automotive & Aerospace Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Chemical Processing Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Chemical Processing Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA Electricals & Electronics Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA Electricals & Electronics Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Pharmaceuticals Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Pharmaceuticals Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Industrial Oven Market by Heating Medium, 2017 - 2020, USD Million
TABLE 24 LAMEA Industrial Oven Market by Heating Medium, 2021 - 2027, USD Million
TABLE 25 LAMEA Infrared Heaters Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA Infrared Heaters Market by Country, 2021 - 2027, USD Million
TABLE 27 LAMEA Electric Heat Market by Country, 2017 - 2020, USD Million
TABLE 28 LAMEA Electric Heat Market by Country, 2021 - 2027, USD Million
TABLE 29 LAMEA Fuel & Gas-fired Market by Country, 2017 - 2020, USD Million
TABLE 30 LAMEA Fuel & Gas-fired Market by Country, 2021 - 2027, USD Million
TABLE 31 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 32 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 33 LAMEA Industrial Oven Market by Product, 2017 - 2020, USD Million
TABLE 34 LAMEA Industrial Oven Market by Product, 2021 - 2027, USD Million
TABLE 35 LAMEA Curing Ovens Market by Country, 2017 - 2020, USD Million
TABLE 36 LAMEA Curing Ovens Market by Country, 2021 - 2027, USD Million
TABLE 37 LAMEA Baking Ovens Market by Country, 2017 - 2020, USD Million
TABLE 38 LAMEA Baking Ovens Market by Country, 2021 - 2027, USD Million
TABLE 39 LAMEA Drying Ovens Market by Country, 2017 - 2020, USD Million
TABLE 40 LAMEA Drying Ovens Market by Country, 2021 - 2027, USD Million
TABLE 41 LAMEA Reflow Ovens Market by Country, 2017 - 2020, USD Million
TABLE 42 LAMEA Reflow Ovens Market by Country, 2021 - 2027, USD Million
TABLE 43 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 44 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 45 LAMEA Industrial Oven Market by Country, 2017 - 2020, USD Million
TABLE 46 LAMEA Industrial Oven Market by Country, 2021 - 2027, USD Million
TABLE 47 Brazil Industrial Oven Market, 2017 - 2020, USD Million
TABLE 48 Brazil Industrial Oven Market, 2021 - 2027, USD Million
TABLE 49 Brazil Industrial Oven Market by Process, 2017 - 2020, USD Million
TABLE 50 Brazil Industrial Oven Market by Process, 2021 - 2027, USD Million
TABLE 51 Brazil Industrial Oven Market by Industry, 2017 - 2020, USD Million
TABLE 52 Brazil Industrial Oven Market by Industry, 2021 - 2027, USD Million
TABLE 53 Brazil Industrial Oven Market by Heating Medium, 2017 - 2020, USD Million
TABLE 54 Brazil Industrial Oven Market by Heating Medium, 2021 - 2027, USD Million
TABLE 55 Brazil Industrial Oven Market by Product, 2017 - 2020, USD Million
TABLE 56 Brazil Industrial Oven Market by Product, 2021 - 2027, USD Million
TABLE 57 Argentina Industrial Oven Market, 2017 - 2020, USD Million
TABLE 58 Argentina Industrial Oven Market, 2021 - 2027, USD Million
TABLE 59 Argentina Industrial Oven Market by Process, 2017 - 2020, USD Million
TABLE 60 Argentina Industrial Oven Market by Process, 2021 - 2027, USD Million
TABLE 61 Argentina Industrial Oven Market by Industry, 2017 - 2020, USD Million
TABLE 62 Argentina Industrial Oven Market by Industry, 2021 - 2027, USD Million
TABLE 63 Argentina Industrial Oven Market by Heating Medium, 2017 - 2020, USD Million
TABLE 64 Argentina Industrial Oven Market by Heating Medium, 2021 - 2027, USD Million
TABLE 65 Argentina Industrial Oven Market by Product, 2017 - 2020, USD Million
TABLE 66 Argentina Industrial Oven Market by Product, 2021 - 2027, USD Million
TABLE 67 UAE Industrial Oven Market, 2017 - 2020, USD Million
TABLE 68 UAE Industrial Oven Market, 2021 - 2027, USD Million
TABLE 69 UAE Industrial Oven Market by Process, 2017 - 2020, USD Million
TABLE 70 UAE Industrial Oven Market by Process, 2021 - 2027, USD Million
TABLE 71 UAE Industrial Oven Market by Industry, 2017 - 2020, USD Million
TABLE 72 UAE Industrial Oven Market by Industry, 2021 - 2027, USD Million
TABLE 73 UAE Industrial Oven Market by Heating Medium, 2017 - 2020, USD Million
TABLE 74 UAE Industrial Oven Market by Heating Medium, 2021 - 2027, USD Million
TABLE 75 UAE Industrial Oven Market by Product, 2017 - 2020, USD Million
TABLE 76 UAE Industrial Oven Market by Product, 2021 - 2027, USD Million
TABLE 77 Saudi Arabia Industrial Oven Market, 2017 - 2020, USD Million
TABLE 78 Saudi Arabia Industrial Oven Market, 2021 - 2027, USD Million
TABLE 79 Saudi Arabia Industrial Oven Market by Process, 2017 - 2020, USD Million
TABLE 80 Saudi Arabia Industrial Oven Market by Process, 2021 - 2027, USD Million
TABLE 81 Saudi Arabia Industrial Oven Market by Industry, 2017 - 2020, USD Million
TABLE 82 Saudi Arabia Industrial Oven Market by Industry, 2021 - 2027, USD Million
TABLE 83 Saudi Arabia Industrial Oven Market by Heating Medium, 2017 - 2020, USD Million
TABLE 84 Saudi Arabia Industrial Oven Market by Heating Medium, 2021 - 2027, USD Million
TABLE 85 Saudi Arabia Industrial Oven Market by Product, 2017 - 2020, USD Million
TABLE 86 Saudi Arabia Industrial Oven Market by Product, 2021 - 2027, USD Million
TABLE 87 South Africa Industrial Oven Market, 2017 - 2020, USD Million
TABLE 88 South Africa Industrial Oven Market, 2021 - 2027, USD Million
TABLE 89 South Africa Industrial Oven Market by Process, 2017 - 2020, USD Million
TABLE 90 South Africa Industrial Oven Market by Process, 2021 - 2027, USD Million
TABLE 91 South Africa Industrial Oven Market by Industry, 2017 - 2020, USD Million
TABLE 92 South Africa Industrial Oven Market by Industry, 2021 - 2027, USD Million
TABLE 93 South Africa Industrial Oven Market by Heating Medium, 2017 - 2020, USD Million
TABLE 94 South Africa Industrial Oven Market by Heating Medium, 2021 - 2027, USD Million
TABLE 95 South Africa Industrial Oven Market by Product, 2017 - 2020, USD Million
TABLE 96 South Africa Industrial Oven Market by Product, 2021 - 2027, USD Million
TABLE 97 Nigeria Industrial Oven Market, 2017 - 2020, USD Million
TABLE 98 Nigeria Industrial Oven Market, 2021 - 2027, USD Million
TABLE 99 Nigeria Industrial Oven Market by Process, 2017 - 2020, USD Million
TABLE 100 Nigeria Industrial Oven Market by Process, 2021 - 2027, USD Million
TABLE 101 Nigeria Industrial Oven Market by Industry, 2017 - 2020, USD Million
TABLE 102 Nigeria Industrial Oven Market by Industry, 2021 - 2027, USD Million
TABLE 103 Nigeria Industrial Oven Market by Heating Medium, 2017 - 2020, USD Million
TABLE 104 Nigeria Industrial Oven Market by Heating Medium, 2021 - 2027, USD Million
TABLE 105 Nigeria Industrial Oven Market by Product, 2017 - 2020, USD Million
TABLE 106 Nigeria Industrial Oven Market by Product, 2021 - 2027, USD Million
TABLE 107 Rest of LAMEA Industrial Oven Market, 2017 - 2020, USD Million
TABLE 108 Rest of LAMEA Industrial Oven Market, 2021 - 2027, USD Million
TABLE 109 Rest of LAMEA Industrial Oven Market by Process, 2017 - 2020, USD Million
TABLE 110 Rest of LAMEA Industrial Oven Market by Process, 2021 - 2027, USD Million
TABLE 111 Rest of LAMEA Industrial Oven Market by Industry, 2017 - 2020, USD Million
TABLE 112 Rest of LAMEA Industrial Oven Market by Industry, 2021 - 2027, USD Million
TABLE 113 Rest of LAMEA Industrial Oven Market by Heating Medium, 2017 - 2020, USD Million
TABLE 114 Rest of LAMEA Industrial Oven Market by Heating Medium, 2021 - 2027, USD Million
TABLE 115 Rest of LAMEA Industrial Oven Market by Product, 2017 - 2020, USD Million
TABLE 116 Rest of LAMEA Industrial Oven Market by Product, 2021 - 2027, USD Million
TABLE 117 Key Information – ASC Process Systems
TABLE 118 key information – Harper International Corporation
TABLE 119 key information – Thermal Product Solutions LLC
TABLE 120 Key Information – JPW Industrial Ovens & Furances
TABLE 121 Key Information – Davron Technologies, Inc.
TABLE 122 Key Information – Grieve Corporation
TABLE 123 Key Information – JLS Ovens and Furnaces Ltd.
TABLE 124 Key Information – Steelman Industries, Inc.
TABLE 125 Key Information – Eastman Manufacturing, Inc.
List of Figures
FIG 1 Methodology for the research