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Commercial Kitchen Equipment Market To Reflect A Worldwide Expansion Due To Emerging Demand For Hotels, Restaurants And Food Processing Industry Till 2025 | Million Insights

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Commercial Kitchen Equipment Market To Reflect A Worldwide Expansion Due To Emerging Demand For Hotels, Restaurants And Food Processing Industry Till 2025 | Million Insights

December 02
07:00 2019
Commercial Kitchen Equipment Market To Reflect A Worldwide Expansion Due To Emerging Demand For Hotels, Restaurants And Food Processing Industry Till 2025 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, The “Global Commercial Kitchen Equipment Market – Forecast Up To 2025″. Report provide overview of top key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

Commercial Kitchen Equipment Market is anticipated to reach USD 112.47 billion by 2025. Commercial cooking equipment are an important part of food processing & service industry. This equipment is commonly used in hotels, restaurants, and the other commercial kitchens for ease in food preparation, and reduction in labor & operational cost and rising concerns regarding food safety will boost the commercial kitchen equipment industry growth in the years to come. Increase in disposable income is bound to boost the market growth.

On the other hand, there are factors that may hamper the growth of the commercial kitchen appliances market such as volatile prices of raw material, and high cost of initial investment in with regards to the production plant. The market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Full Research Report On Commercial Kitchen Equipment Market Analysis available at: https://www.millioninsights.com/industry-reports/commercial-kitchen-equipment-market

Commercial kitchen equipment industry may be explored by type, end user, and geography. The market may be explored by type as Char Broilers/Broilers/Griddles/Grills, Braising Pans/Tilting Skillets, Cook-chill Systems, Steamers, Fryers, Ovens, Ranges, Cookers, Kettles, and Others. The “Cookers” segment dominated the commercial kitchen equipment market in 2016 and is anticipated to maintain its dominance by 2025 owing to utilization of cookers by several catering companies, end-users, hotels, and restaurants.

Commercial kitchen appliances industry may be explored by end user as Fast Food Chain (FFC), Café & Bar, QSR, Railway Dining, Institutional Canteen, Ferry & Cruise, Resort & Hotel, Hospital, FSR, and Others. The “QSR” segment dominated the market in 2016 and is anticipated to maintain its dominance by 2025. The QSR segment is anticipated to grow at the highest CAGR of 7.5% over the forthcoming period.

North America accounted for the major share of the commercial kitchen equipment market size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include surge in the number of fast food outlets due to hectic & busy lifestyle, rise in eating out expenditure, and increase in the number of working women. North America is followed by Europe and Asia-Pacific.

Some of the key players that fuel the growth of the commercial kitchen equipment industry comprise Hamilton Beach, Hobart, Carrier Corporation, Middle by Corporation Company, True Manufacturing, The Vollrath Company, LLC, and AIHO Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Request for Free Sample Copy at: https://www.millioninsights.com/industry-reports/commercial-kitchen-equipment-market/request-sample

Market Segment:

Commercial Kitchen Appliances Product Outlook (Revenue, USD Million; 2014 – 2025)
    • Refrigerator
    • Cooking Appliance
        • Cooktop & Cooking Range
            • Induction
            • Gas & Electric
        • Oven
            • Convection
            • Microwave
            • Combination
        • Rice Cooker
    • Dishwasher
    • Others

Commercial Kitchen Equipment Product Outlook by End-Use (Revenue, USD Million; 2014 – 2025)
    • QSR
        • Fast Food Chain (FFC)
        • Café & Bar
    • Railway Dining
    • Ferry & Cruise
    • Institutional Canteen
    • Resort & Hotel
    • Hospital
    • FSR
    • Others

Commercial Kitchen Appliances Regional Outlook (Revenue, USD Million; 2014 – 2025)
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/consumer-goods

About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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