Global Commercial Kitchen Appliances Market size was valued at US$ XX Bn in 2019 and the total revenue is expected to grow at 5.8 % through 2020 to 2026, reaching nearly US$ XX Bn.
The global Commercial Kitchen Appliances market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Commercial Kitchen Appliances report also provides trends by market segments, technology, and investment with a competitive landscape.
Overview of Commercial Kitchen Appliances:
Commercial kitchen appliances are used in restaurants, hotels, and clubs for cooking, cleaning, and storage. Restaurants are becoming more popular among customers as a result of changing lifestyles, an increase in the working population, and a growing demand for going out.
The introduction of smart kitchen equipment/appliances is projected to have a positive impact on market growth. Smart technology can monitor the performance of kitchen equipment and improve the consistency of food preparation. Refrigerators, ovens, cooking utensils, and culinary utensils used in commercial settings are examples of commercial kitchen appliances.
Global Commercial Kitchen Appliances Market Dynamics:
Because of the growth of the travel and tourism industry, as well as the increased popularity of Quick Service Restaurants (QSRs) among millennials, the market is expected to increase significantly soon. Other reasons boosting the market for commercial kitchen equipment include rising demand for drive-through meals, fast-paced life in metros and cosmopolitan cities, an increase in the number of working women and nuclear families, and an increase in individual disposable money.
In addition, the growing hotel business, rising food safety concerns, and a growing preference for fast-service restaurants over full-service restaurants are all factors that are anticipated to drive market growth. In addition, technological improvements in the foodservice industry, such as the development of new and improved goods as well as energy-efficient and cost-effective commercial kitchen equipment, are projected to provide significant market growth potential in the upcoming years.
Smart Digital Technologies:
Smart commercial kitchen equipment is built with advanced connectivity capabilities and sensors that connect to portable devices like smartphones and tablets, as well as other household gadgets. By providing remote control and monitoring, a smart combi-oven adds another layer of technology to the appliance.
Because users only need one type of oven for most baking, they can save space and money. End-use businesses are increasingly adopting commercial kitchen equipment that incorporates digital transformation technologies like the Internet of Things (IoT) and Artificial Intelligence (AI), which allow them to provide continuous service to their clients.
Global Commercial Kitchen Appliances Market Segmentation:
Global Commercial Kitchen Appliances Market
Depending upon the product, the commercial kitchen appliances market is segmented into a refrigerator, cooking appliance, dishwasher, and other specialized appliance. The cooking appliance segment is further sub-segmented into cooktop and cooking range, oven, and other cooking appliance. The refrigerator sector had the highest revenue share of nearly XX % in 2019 and is predicted to grow significantly during the projected period.
Due to the increasing requirement for food preservation as a result of changing climatic circumstances, end users are considering deploying refrigerators with cutting-edge technologies.
Due to the rising demand for combination ovens and induction cooktops and cooking ranges, the cooking appliance category is expected to grow at a CAGR of XX% over the forecast period. The induction cooking range includes an induction cooktop and a convection oven with convection technology for equal heat distribution and fast cooking.
• Microblock Zeolite Technology - The refrigerator's food preservation factor is excellent because of Microblock technology, which prevents up to 99 % bacterial growth, and Zeolite technology, which inhibits excessive ripening.
• Radial metal cooling - Its 3D airflow circulates cold air uniformly in a circular manner, thanks to a scientifically built air tower, strategically located vents, and air boosters. Because the cold air does not directly contact the food, moisture loss is reduced and the food stays fresher for longer.
Global Commercial Kitchen Appliances Market 1
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Global Commercial Kitchen Appliances Market Regional Insights:
Global Commercial Kitchen Appliances Market 2
North America had the highest revenue share of almost XX % in 2019. The region's growing number of restaurants, hotels, and food businesses is expected to help the industry develop. Furthermore, the market for commercial kitchen appliances is being driven by the increasing use of various types of kitchen appliances in business spaces, as well as the early acceptance of technologically advanced equipment. Furthermore, North America's macroeconomic situation is improving, which is supporting the regional demand for commercial kitchen appliances.
In North America, the food-service business is focusing on automated technology-enabled equipment. To be competitive in the industry, commercial cooking equipment manufacturers are producing IoT (Internet of Things) infused new equipment and combining new features. Engaged stakeholders in the commercial cooking equipment sector are likely to untap new opportunities developing in the connected commercial equipment market as a result of unique breakthroughs in the field of connected equipment.
In addition, the growing number of food trucks and fast-food restaurants in this region is fueling the market growth. Diverse eating habits, the rising popularity of different cuisines, and a multi-cultural environment are all contributing to market growth in North America.
• In August 2020, with the advent of iCombi Pro, RATIONAL, the market leader with a 60 % share of the North American combi oven market, sets the bar on kitchen equipment intelligence, power, efficiency, and flexibility. Compared to the previous model, the iCombi Pro provides industrial kitchens with increased productivity, faster cooking times, and lower energy consumption while maintaining remarkable uniformity of results.
• Time and energy-optimized cooking for high-production kitchens are one of the new, market-leading capabilities. The iCombi Pro shows which dishes can be cooked together and which items should be prepared as rapidly as possible, in the most energy-efficient manner, or in certain order.
Over the forecast period, MEA is expected to have the highest CAGR of XX %. With the increase in tourists, fast food restaurants in this region are diversifying their menus by offering a varied selection of cuisine items from local culture as well as from other regions of the world. Furthermore, the ferry, cruise, and canteen menus are adapting to other local customs and ethnic dishes from many nations, which is expected to increase demand for commercial kitchen equipment in the region.
The objective of the report is to present a comprehensive analysis of the Global Commercial Kitchen Appliances Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
Porter, svor, pestel analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Commercial Kitchen Appliances Market dynamics, structure by analyzing the market segments and project the global Commercial Kitchen Appliances market size. Clear representation of competitive analysis of key players By Product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Commercial Kitchen Appliances Market make the report investor’s guide.
Global Commercial Kitchen Appliances Market Scope: Inquire before buying
Global Commercial Kitchen Appliances Market 3
Global Commercial Kitchen Appliances Market, by Region
• North America
• Asia Pacific
• Middle East Africa
• South America
Global Commercial Kitchen Appliances Market Key Players
• Bakers Pride
• G.S. Blodgett Corporation
• Garland Group
• Bonnet International
• Ali Group
• True Manufacturing
• AB Electrolux
• Carrier Corporation
• Meiko International
• Falcon Professional Kitchen L.L.C.
• Duke Manufacturing Company
• Monnit Corporation
• American Range
• Hamilton Beach Commercial
• Interlevin Refrigeration Ltd.
• Universal Steel Industries Pte Ltd.
• Other Key Players
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