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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Ankur Gupta, Head Marketing & Communications