Global Commercial Kitchen Appliances Market Insights: Business Opportunities, Current Trends and Restraints Forecast 2025
According to a new report published by Reports Monitor titled, “Commercial Kitchen Appliances Market by product and by end user: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Commercial Kitchen Appliances market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America dominates the Commercial Kitchen Appliances market, in terms of value, and is expected to maintain this trend throughout the forecast period.
Globally rising number of restaurants and hotels and adaption of advanced cooking equipment in order to improve services and quality of food are some of the factors enhance the growth of the market.
Increasing importance of hygiene and sanitation in commercial kitchen by consumer as well as service provider along with growing demand of ready to cook food are responsible for expanding the market.
Urbanization changes the lifestyle as most of the peoples belong to working class this increased disposal income of developing economies result in expansion of the market.
Expanding travel and tourism industry increases number of hotels and restaurants this raises demand of commercial kitchen equipment.
High initial investment in developing production plant and volatile prices of raw material are restrains the growth of the market.
Manufacturing of cost effective, lightweight and energy efficient products are challenges to the commercial kitchen appliances.
• Gas & electric appliances is contributing highest market share in product segment.
• Ferry & cruises segment is expected to grow at higher rate owing increased in number of passenger travel by this medium.
• North America dominates the commercial kitchen appliances market.
• Asia Pacific is expected to grow at higher rate due to increased in disposal income and presence of international & local restaurants chain
Major companies profiled in the report include AIHO Corporation, Blue Seal, Bonnet International, Carrier Corporation, Falcon Professional Kitchen L.L.C., Hamilton Beach, Hobart, Middleby Corporation Company, The Vollrath Company, LLC, and True Manufacturing.
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