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Commercial Cooking Equipment Size, Share, Growth, Trends, Analysis, Forecast, Market to Reach US$ 14.6 Bn by 2027 Globally |CAGR: 4.6%| UnivDatos Market Insights

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Ahasan Ali
Commercial Cooking Equipment Size, Share, Growth, Trends, Analysis, Forecast, Market to Reach US$ 14.6 Bn by 2027 Globally |CAGR: 4.6%| UnivDatos Market Insights

­­­Commercial Cooking Equipment Market Research Report 2021: Global Industry Share, Top Key Players, Regional Study, Upcoming Trends and Growth Segments 2027 | UnivDatos Market Insights

 

 

 

A comprehensive overview of the Commercial Cooking Equipment market is recently added by UnivDatos Market Insights to its humongous database. The Commercial Cooking Equipment report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Commercial Cooking Equipment market. Commercial Cooking Equipment report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates Commercial Cooking Equipment at the global and regional levels. 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.

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.

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

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COVID-19 Impact

The COVID–19 pandemic has negatively impacted several industries, including industries engaged in food and beverages manufacturing. Due to the social distancing norms and regulations by the government. Many F&B industries were operating below capacity. Furthermore, in April and May 2020, worker illnesses from COVID-19 led to the shutdown of several packing plants, as roughly 40% of processing capacity was brought offline in the United States. Also, the shortages of food items and price hikes were registered. 

The Commercial Cooking Equipment Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

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.

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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.  

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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.

For more informative information, please visit us @ https://univdatos.com/report/commercial-cooking-equipment-market/

Key questions resolved through this analytical market research report include:

·        What are the latest trends, new patterns, and technological advancements in the Commercial Cooking Equipment Market?

·        Which factors are influencing the Commercial Cooking Equipment Market over the forecast period?

·        What are the global challenges, threats, and risks in Commercial Cooking Equipment Market?

·        Which factors are propelling and restraining the Commercial Cooking Equipment Market?

·        What are the demanding global regions of the Commercial Cooking Equipment Market?

·        What will be the global market size in the upcoming years?

·        What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

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About UnivDatos Market Insights

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

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UnivDatos Market Insights

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Client Development Lead

Ph: +91-7838604911

Email: [email protected]

Website: https://univdatos.com/

 

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