Commercial Kitchen Equipment/Appliances Market Size, Growth and Forecast Report to 2025:Radiant Insights, Inc

The global commercial kitchen appliances/ equipment market is expected to reach USD 112.47 billion by 2025, according to a new report by Radiant Insights, 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.

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

To Request A Sample Copy Of This Report at:  https://www.radiantinsights.com/research/commercial-kitchen-equipment-appliances-market/request-sample

Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources

Chapter 2. Executive Summary
2.1. Commercial Kitchen Appliances – Industry Snapshot & Key Buying Criteria, 2014 – 2025

Chapter 3. Commercial Kitchen Appliances Market Industry Outlook
3.1. Market Segmentation & Scope
3.2. Market Size and Growth Prospects
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Varied traditional cuisines, different eating habits of people, and a growing multi-cultural environment
3.4.1.2. Increasing number of students and working singles
3.4.1.3. Rising levels of disposable income and growing preference of young population to dine out
3.4.2. Market restraint analysis
3.4.2.1. High price of specialized commercial appliances
3.5. Key Opportunities – Prioritized
3.6. Industry Analysis – Porter’s
3.7. Commercial Kitchen Appliances Market PEST Analysis

To Browse Full Research Report @: https://goo.gl/DRKpks

About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com

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