Global Commercial Kitchen Equipment & Appliances Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Commercial Kitchen Equipment & Appliances Market” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global acne drugs market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2028. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Exhaustive research was conducted in order to ascertain every aspect in the target market to allow a confident presentation of all findings. The global commercial kitchen equipment/appliances market report has been segmented on the basis of type, application, and region.
Commercial kitchen equipment and appliances include measuring spoons, cups, cake pans, rubber scrapers, pastry blenders, pizza cutters, cookie scoops, liquid or glass measuring cups, egg slicers, electric skillets, refrigerators, cooking appliances including cooktop and cooking ranges, ovens, dishwashers. In addition, small appliances such as food processors, juicers and mixers, waffle makers, deep fryers, and coffee & tea vending machines. Commercial kitchens and commercial grade application registered facilities for food services ideally require commercial kitchen equipment and appliances for large-scale food and beverage preparations. However, these products are also used in private homes and settings.
Increasing demand for various ranges of products owing to a rapidly expanding food industry is a key and primary factor expected to drive growth of the global commercial kitchen equipment & appliances market. In addition, growing demand for coffee and tea equipment, microwave ovens, dishwashers, deep washers, etc. is projected to continue to support market growth. Commercial kitchen equipment is used in restaurants, railway pantries and restaurants, cruise ships, resorts, hotels, hospital cafeterias, and canteens in institutions and universities, besides in defense and armed services kitchens and mess halls. Fast food outlets, food trucks, bars & pubs, take-away, bakeries, and cafeterias are included under quick service restaurants. Food services provided for events, business meetings, social gatherings, or functions at locations of choice are considered as catering services. Full service restaurants include traditional or fine dining restaurants.
A growing dependence and preference of a large volume of the global working population on eating on the go or ordering take-away or having food delivered is a major factor contributing to rapidly expanding food chains or franchises. A large number of new eateries and restaurants are being opened, while existing ones are either expanding or renovating. In addition, stringent departmental regulations regarding hygiene in most developed as well as developing countries is another factor for establishments constantly ensuring that all equipment and appliances are in good shape.
The market in Asia Pacific is anticipated to register faster growth in terms of revenue over the next few years owing to growing population and rising demand for healthy food. The markets in North America and Europe account for significantly high revenue shares in the global commercial kitchen equipment market currently owing to presence of a large number of ferry and cruise services for transportation, travel, and pleasure industry purpose, in countries in the region. In addition, the trend of dining out by local populations in most European countries, as well as the vast influx of tourists and travelers to these countries is another factor driving an increase in the number of new and expanding restaurants in these countries. The market in North America is also expected to register significant growth over the forecast period. This is attributable to expansion of International Fast Food Chains (FFCs) and café outlets and focusing on other attractive destinations as well. A rapidly expanding multi-cultural environment, opportunities to explore and try an increasing range of varying traditional cuisines, and changing food preferences and eating habits of consumers is expected to continue to be major factors behind rising demand for commercial kitchen equipment and appliances. An increasing number of restaurants in countries in Asia Pacific are incorporating multiple cuisines, including Italian, Mexican, and intercontinental cuisines, and this is in order to cater to the growing number of customers experimenting with new foods and developing a taste for cuisines other than traditional ones.
Global Commercial Kitchen Equipment & Appliances Market Segmentation:
Global Commercial Kitchen Equipment & Appliances Market Segmentation, by Product:
- Cooking Appliance
- Cooktop & Cooking Range
- Gas & Electric
- Rice Cooker
Global Commercial Kitchen Equipment & Appliances Market Segmentation, by end-use:
- Fast Food Chain
- Resort and Hotel
- Railway Dining
- Ferry and Cruise
- Institutional Canteen
Global Commercial Kitchen Equipment & Appliances Market Segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Hamilton Beach Brands Inc.
- Carrier Corporation
- MEIKO Group
- Universal Steel Industries Pte Ltd.
- Fagor Industrial
- American Range
- Hobart International (S) Pte Ltd.
- Hoshizaki Corporation
- Interlevin Refrigeration Ltd.
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