Commercial Kitchen Equipment Market Latest Innovations, Drivers and Industry Key Events by 2025: Grand View Research Inc.
San Francisco, 15 January 2019: The Report Commercial Kitchen Equipment/Appliances Market Analysis By Product (Refrigerator; Cooking Appliance; Dishwasher, Others), Product By End-use, By Region, And Segment Forecasts, 2018 – 2025
The global commercial kitchen appliances/ equipment market is expected to reach USD 112.47 billion by 2025, according to a new report by Grand View Research, Inc. Globally, Quick Service Restaurants (QSRs) are projected to represent the highest user base of commercial kitchen equipment. Emerging consumer trends in the U.S. and European countries, such as a shift toward low-calorie and healthy food, are expected to drive the demand for nutritious food chains and outlets.
The consolidated market share of gas & electric cooktops and cooking ranges is anticipated to be more than 75% of the overall revenue share by 2025. Combination ovens are projected to witness increasing demand owing to their performance as compared to convection and microwave ovens. By end-use, the European ferry & cruise segment is one of the fastest growing markets, with the UK being a prominent region witnessing significant demand. The regional ferry & cruise segment is witnessing substantial growth in terms of both, destinations and the number of passengers. These trends are anticipated to positively impact the demand for commercial kitchen equipment market in the region.
The Asia Pacific region’s QSR segment is expected to grow substantially, owing to an increasing presence of international and local chains in the region. The high cost of renting space in most of the populous Asia Pacific cities is one of the major barriers inhibiting the growth of FSRs, while boosting the QSR establishments, and thereby the kitchen equipment associated with them.
Access Research Report of Commercial Kitchen Equipment Market @ www.grandviewresearch.com/industry-analysis/commercial-kitchen-equipment-appliances-market
Further key findings from the report suggest:
- In 2016, refrigerators accounted for almost 45% of the commercial kitchen equipment market revenue share
- Within the Asia Pacific region, the railway dining end-use segment is expected to be the highest user of the induction cooktops and ranges by 2025
- The Average Selling Price (ASP) of kitchen equipment is higher in the U.S. owing to a greater variation in prices and the availability of much diverse product ranges
- By 2025, the North American dishwasher segment is expected to reach USD 6.64 billion
- The key market players include Hobart, Hamilton Beach, Middleby Corporation Company, Carrier Corporation, True Manufacturing, AIHO Corporation, and The Vollrath Company, LLC
Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the commercial kitchen appliances market by product and by end-use (also includes a cross-sectional analysis for product by end-use).
Commercial Kitchen Appliances Product Outlook (Revenue, USD Million; 2014 – 2025)
- Cooking Appliance
Commercial Kitchen Appliances Product Outlook by End-Use (Revenue, USD Million; 2014 – 2025)
- Railway Dining
- Ferry & Cruise
- Institutional Canteen
- Resort & Hotel
Commercial Kitchen Appliances Regional Outlook (Revenue, USD Million; 2014 – 2025)
- North America
- Asia Pacific
- Rest of the World (RoW)
Access Press Release of Commercial Kitchen Equipment Market@ www.grandviewresearch.com/press-release/global-commercial-kitchen-equipment-appliances-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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