Commercial Kitchen Appliances Market 2019
Description: –
Commercial kitchen appliances are used in restaurants, hotels, and other food establishments. They include refrigerators, cooking appliances, dishwashers, and others. These appliances simplify work and help food establishments offer better services to their customers. There is an increasing demand for compact and space-efficient appliances in restaurants. Keeping the requirements of their customers in mind, key players keep introducing new and better products from time to time. According to report analysts, the global commercial kitchen equipment market is likely to reach US$ 138.5 billion by 2026.
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Key Players
The well-known companies profiled in the report include Meiko International, AB Electrolux, Hobart Corporation, Fujimak Corporation, Duke Manufacturing Co. Inc., Ali Group Company, Hoshizaki Corporation, Fagor Industrial, Rational AG, Carrier Corporation among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
There has been a significant increase in the number of restaurants and other food establishments around the world. The tourism industry is also growing at a good pace. Moreover, restaurants and other eateries prefer advanced cooking appliances to provide quality services to their customers. These factors are also driving the global commercial kitchen appliances market. Rising disposable income, changing lifestyles, rapid urbanization, and busy work schedule of the working population are also boosting the restaurant business and increasing the demand for kitchen appliances.
Refrigerators accounted for about 45% of the market revenue share of commercial kitchen appliances. Many restaurants are also using technologically advanced refrigerators to keep the food fresh for a longer time. The demand for energy-efficient kitchen appliances is also on the rise. This is likely to offer many growth opportunities to the key players. Some factors that may restrict market growth are the high cost of commercial kitchen equipment, high installation charges, and strict regulations on the production of these appliances.
Segmentation:
The global commercial kitchen appliances market is split by product types, fuel types, end-users, and structure.
Based on product types, the market is divided into refrigerators, dishwashers, cooking appliances, mixers and blenders, and others.
Based on fuel types, the market is segmented into cooking gas, electricity, and others. According to report analysts, the global market share of gas and electric cooktops and cooking ranges will be about 75% of the total revenue share by 2025.
Based on end-users, the market is segmented into full-service restaurants, quick-service restaurants, corporate kitchens, hotels and resorts, college and university kitchens, and others.
Based on structure, the market is segmented into free stand and built-in.
Regional Analysis:
In this report, the main regions considered for analyzing the global commercial kitchen appliances market are North America (The United States, Mexico, and Canada), Europe (Italy, France, UK, Germany, Russia, Spain, and the rest of the region), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Singapore, and the rest of the region), Central and South America (Brazil, Argentina, Columbia, and the rest of the region), and the Middle East and Africa (UAE, Egypt, Saudi Arabia, Turkey, Nigeria, and South Africa).
North America is the most important region for commercial kitchen equipment. High disposable income, high living standards, multi-cultural environment, and growing popularity of different cuisines are expected to drive the market here. Asia-Pacific will witness remarkable growth over the forecast period.
Industry News:
Falcon Foodservice Equipment, a UK-based company, launched an oven range called Dominator Plus in October 2019. This new model G3101HD is perfect for chefs who need powerful equipment for faster cooking.
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Some Major Key Points Included In This Report:
- Overview and Scope
- Executive Summary
- Commercial Kitchen Appliances Market Insights
- Commercial Kitchen Appliances Market Size and Forecast, 2017-2026 by Product
- Commercial Kitchen Appliances Market Size and Forecast, 2017-2026 by Fuel Type
- Commercial Kitchen Appliances Market Size and Forecast, 2017-2026 by End-Users
- Commercial Kitchen Appliances Market Size and Forecast, 2017-2026 by Structure
- Commercial Kitchen Appliances Market Size and Forecast, 2017-2026 by Region
Continued….
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