The latest report on Commercial Kitchen Appliances/Equipment Market by Infinium Global Research gives complete coverage of the Commercial Kitchen Appliances/Equipment Market by product type (refrigerator, cooking appliance, washing and drying equipment, mixers and blenders, and kitchen ventilation), end-user (QSR (quick service restaurants), institutional canteen, railway dining, ferry & cruise, resort & hotel, FSR (full-service restaurant), and hospital in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Commercial Kitchen Appliances/Equipment such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Modern Lifestyles Across the Globe are the Driving Factors for the Growth of the Commercial Kitchen Equipment Industry
Commercial kitchen equipment consists of a range of cooking, storing and cleaning equipment that has been designed to meet the demands of professional chefs and kitchen operators. Commercial kitchen equipment ranges from freezers, slicers & mixers, food processors, sinks, microwave & ovens, safety equipment and several other types of equipment. These equipment are manufactured in such a way that it can withstand a busy restaurant or food joint schedule. The commercial cooking equipment is easy to use and cooks food more quickly than traditional cooking methods, which eventually leads to lower energy consumption. These products reduce the time required for cooking as well as cleaning kitchenwares.
Growing popularity among the consumer related to restaurants and increasing inclination towards modern lifestyles across the globe are the driving factors for the growth of the commercial kitchen equipment market. Furthermore, growing demand for energy-efficient and cost-effective commercial kitchen equipment are facilitating growth in this market. Moreover, rising hospitality business across the globe is also supporting factors for market growth. However, huge capital investments required for a commercial kitchen set up may hamper the growth of commercial kitchen equipment market. Going forward, improvements in existing appliances design and the introduction of new features may provide growth opportunities for the commercial kitchen equipment market.
Among the geographies, North America region holds the highest revenue in the Commercial kitchen equipment’s market. The growth in this region is mainly attributed, owing to the high spending capacity of the people starting a restaurant business. The new entrants in this business are purchasing a range of commercial cookware in order to innovate menu and also increase the efficiency of the kitchen. Moreover, an increasing number of food trucks and fast food joints in this region are also the reason for facilitating growth in this region. The Asia Pacific region is anticipated to grow at the highest CAGR during the forecast period owing to growing food services industries in this region. Rising popularity among the people related to the Quick service restaurants brand is projected to have the highest growth in this region over the forecast period.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Commercial Kitchen Appliances/Equipment.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.