­­­Commercial Cooking Equipment Market to Reach US$ 14.6 Bn by 2027 Globally with CAGR: 4.6%| UnivDatos


 Market Overview

Commercial kitchen equipment is appliances that are used to produce, store and, cook food which ranges from cooling equipment, Heating equipment, Preparation Equipment, Washing equipment to kitchen display systems. The benefits of smart cooking equipment such as reduced labor cost, higher productivity, minimal wastage, etc. are adding pace to the growth of the market.

According to UnivDatos Market Insights, The Commercial Cooking Equipment Market is expected to grow at a CAGR of 4.6% from 2021-2027 to reach US$ 14.6 billion by 2027.

For More Detailed Analysis in PDF Format, Visit- https://univdatos.com/get-a-free-sample-form-php/?product_id=10592

A rise in the number of restaurants, cafes, QSR, etc. is leading to the growing demand for commercial kitchen equipment. According to ‘the Pizza Power Report 2021’ in the United States the total number of pizza locations increased from 77,724 to 78,092, a nudge of 0.47% in 2020. Also, in the same year, the number of independent pizzerias rose from 41,573 to 41,879, while the chains added a few stores, too, from 36,151 to 36,213. Also, India’s QSR market is expected to clock a compound annual growth rate of 23% between now to the fiscal year 2025, as revealed by Edelweiss Securities

By Product Type, the market is primarily bifurcated into

•       Ovens

•       Ranges

•       Burners

•       Grills

•       Griddles

•       Deep Fryers

•       Other (Kettle, Steamer, etc.)

The ovens segment dominated the product type segment and gathered major market share of the Commercial Cooking Equipment Market in 2020. The market of this segment is expected to witness robust growth due to the growing demand for baked products and the launch of smart appliances. For instance: Smart ovens are the next generation of kitchen appliances with improved functionality for receiving, analyzing, and transmitting data via smartphones.

By End-Use, the market is primarily bifurcated into

•       Hotels and Restaurant

•       Hospitals

•       Others (Ferry & Cruise, Institutional Canteens)

The hotels and restaurants segment grabbed the major market share and dominated the market in 2020. The market of this segment is promulgating since the rate of expansion in the number of rooms is more than double the rate of expansion of hotels indicates that the average hotel size has been growing.

Commercial Cooking Equipment Market Geographical Segmentation Includes:

·       North America

·       Europe

·       Asia-Pacific

·       Rest of the World

Based on the estimation, the North America region grabbed a major market share in 2020. The market of this region registered a rise on account of the rising number of hotels and restaurant chains. However, a rise in disposable income, emerging quick service restaurants, cafes, etc. are some of the prominent reasons for the growth of the Asia-Pacific market.  

Explore the Comprehensive Research Overview - https://univdatos.com/report/commercial-cooking-equipment-market

The major players targeting the market includes

•       AB Electrolux

•       Ali S.p.A.

•       Carrier Corporation

•       Duke Manufacturing.

•       Falcon Professional Kitchen L.L.C

•       FUJIMAK CORPORATION

•       Illinois Tool Works Inc.

•       Manitowoc Foodservice

•       Rational AG

•       The Middleby Corporation

Competitive Landscape

The degree of competition among prominent regional companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in Commercial Cooking Equipment Market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.

Contact Us:

UnivDatos Market Insights

Email - contact@univdatos.com

Website - https://univdatos.com/

Location: United States

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