The commercial oven market is classified into different types which include convection ovens, conveyor ovens, deck ovens and brick ovens. Convection and deck ovens are mostly applicable to bakeries, pizzerias, and independent restaurants, whereas brick ovens are mostly used by premium hotels and independent pizza outlets for making pizzas. Conveyor ovens are mostly preferred by the pizzerias which provide delivery and takeaway services, whereas they are used by bakeries and catering companies for different menus.

At present, more than 54% of the world population lives in urban areas, which is likely to grow further during the forecast period, resulting in the rise of commercial real estate investments. The stress on incorporating fire safety measures within buildings will provide momentum to the need of fire extinguishers in new and existing commercial buildings.

上周在监管层政策回暖呵护下，市场开始企稳回升，业绩增长确定且回调较多的标的反弹力度较大。展望后续，我们认为市场在没有新的政策变动下或将延续前期市场风格走势，寻找确定性和避险是市场两大关键变量，资金将继续偏好业绩增长确定且估值较低标的，但需要 关注地方总需求会落下，市场龙头业绩不达预期的风险。 

2017 年 4 月中国新能源汽车产量达到 34,974 辆，同比增长11.5%，环比增长 5.6%。4 月产量增长的主要动力依旧是纯电动乘用车，此外 4 月份在荣威 eRX5 4,009 辆产量的支撑下，插电混乘用车销量增速也开始同比转正。纯电动专用车在低基数效应下实现了高增长，但总量依旧偏低。

2016 年 3 个政策影响板块行业和业绩：乘用车购臵税减半（行业高增长）、重卡治超（重卡爆发）、新能源汽车整顿（产销增速下滑）；2017 年：乘用车补贴力度下降，品牌分化加大（日系热销、法系韩系下滑、德系稳健，自主压力和分化加大）；重卡高景气度持续（治超、更换周期、基建复苏等），新能源汽车回归有序发展（产销环比改善，预计 3 季度开始高速增长）。

本周市场继续继续下行，汽车与零部件板块下跌 3.1%。其中，整车子板块下降 2.7%，汽车零部件子板块下降 3.1%，汽车服务子板块下降 4.6%，沪深 300 指数上涨 0.1%。从整车子板块来看，乘用车板块下跌 2。2%，客车下跌 2.9%，货车下跌 4.8%、均低于沪深 300 指数。