In the present era, with the significant
growth in the restaurants and the Quick Service Restaurants are expected to
present the highest user base for the commercial kitchen equipment. Not only
has this, due to the rise in urbanization the demand for commercial kitchen
equipment is rising from the household sector as such equipment takes less time
and demand least efforts for making an effective dish. The modern generation of
this era, is shifting towards the low-calorie and healthy food, are anticipated
to fuel the demand for nutritious food chains and outlets. Furthermore, many of
the players in this market are developing the some specifications of the
commercial kitchen equipment for making it more convenient and easy to use at a
reasonable price which further increase the demand for such equipment and lead
the market growth more positively with the handsome amount of share across the
globe throughout the forecasted period more positively.
According to the report analysis, ‘Global
Commercial Kitchen Equipment/Appliances Market Size Study, by Product
(Dishwasher, Refrigerator, Cooking Appliances, Others), by End-Use (Quick
Service Restaurant, Ferry & Cruise, Institutional canteen, Hospital, Resort
& Hotel), Regional Forecasts, 2017-2025 (USD Billion/Million)’
states that there are several key players which are recently functioning in
this sector more actively for dominating the highest value of market share and
leading the fastest market growth across the globe during the coming years
while improving the technologies and techniques of producing the commercial
kitchen equipment and increasing the popularity of the products globally for
increasing the demand and generating the high amount of revenue more
significantly includes True Manufacturing, Foster Refrigerator, Alto-Shaam
Asia, The Vollrath Company, LLC, Hobart International, Hamilton Beach
Commercial, Hoshizaki Corporation, Fukushima Industries Corp., Garland Group
and several others. Moreover, many of the players in this market are adopting
the effective strategies for knowing the coming trends, changing behavior of
the consumers and several other factors for leading the fastest market growth
around the globe with the handsome amount of share in the global commercial
kitchen equipment in the coming years more significantly.
Global Commercial Kitchen Equipment/Appliances
Market industry valued around USD 69.8 billion in 2016 is expected to increase
with a healthy growth rate of more than 5.44% over the forecast period of
2017-2025. Moreover, the global market of commercial kitchen equipment is
sectored into different sectors which mainly includes product, end user and
region. However, based on the product, the market is further split into cooking
appliances, refrigerator, dishwasher and several others, while the sector of
end use includes institutional canteen, hospital, resort and hotel, quick
service restaurants and ferry and cruise. Nevertheless, due to the effective
market segmentation and increasing the demand for commercial kitchen equipment,
the market of this is spread across the globe such as North America, Europe,
Asia Pacific, Latin America and Rest of the World.
Additionally, the foremost factors driving the
growth is owing to the Expanding tourism and the significant Development of the
Railways, increasing popularity of Quick Service Restaurants (QSRs) among the
youth. Therefore, in the near future, it is anticipated that the market of
commercial kitchen equipment will increase around the globe more positively
over the recent few years.
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