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)
·
Refrigerator
·
Cooking Appliance
Commercial Kitchen Appliances Product Outlook by End-Use
(Revenue, USD Million; 2014 - 2025)
·
QSR
·
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)
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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