What Commercial Oven Market Change in China?

As per Chinese Ministry of Commerce’s data, The market status and competition landscape of China's commercial oven industry is quite complex. Due to oven technological improving and right investment decisions, the kitchen commercial oven industry is developing rapidly.

The current situation of China's kitchen commercial oven industry market is developing rapidly as per past data. From 2016 to 2019, the market size has doubled, growing from 3.3 trillion yuan to 5.2 trillion yuan. Besides,government’s support accelerated the pace of its development. The development of key technologies in this industry has reached the international advanced level, and more powerful product performance is also promoting the development of this industry.

As a type of commercial oven, the competitive landscape of the bread oven industry is also quite complex, and the competitors in the industry are extremely strong. The current industry mainly includes many domestic companies, such as Xinjiang SEG, Shanghai Dahua, Shenzhen Oplast, etc., as well as multinational companies, such as American oven companies and Korean industrial oven companies. Competition within the Chinese industry has begun to become more intense, with industrial oven manufacturers developing new technologies to improve product performance and expand their market share.