DUBLIN, Oct. 19, 2023 /PRNewswire/ — The “Commercial Kitchen Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2023-2028” report has been added to researchandmarkets.com gift.
Thank you for reading this post, don't forget to subscribe!The global commercial kitchen equipment market has achieved remarkable growth, reaching US$93.1 billion in 2022, and is set to reach its peak with a steady compound annual growth rate (CAGR) of 6.4% during the forecast period from 2023 to 2028. Ready to move forward. The market is expected to reach US$137.0 billion by 2028 driven by strong growth.
Enhancing Cooking Excellence with Commercial Kitchen Equipment
Commercial kitchen equipment serve as essential equipment for many types of establishments including resorts, hotels, hospitals, railway dining, institutional canteens and full-service restaurants (FSRs). These appliances include a variety of appliances, including refrigerators, freezers, icemakers, ranges, ovens, grills, microwaves, broilers, slicers, food processors, blenders, mixers and grinders, burners, toasters, griddles, deep fryers, dishwashers, and displays. Are included. Food warmers. They play a vital role in increasing work efficiency, ensuring food preservation, reducing waste, optimizing space and speeding up cooking processes.
Key Market Trends:
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Emerging Hospitality Sector: The thriving hospitality sector stands as a major catalyst for the expansion of the market, witnessing rising demand for commercial kitchen equipment in hotels and resorts.
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Prevalence of Quick-Service Restaurants (QSR): The rapid growth of quick service restaurants, which rely on efficient equipment to provide quick service, is creating substantial demand in the market.
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Diverse Culinary Offerings: QSRs are diversifying their menus with multi-cuisine food preparations to cater to the needs of customers with different taste preferences.
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Increase in drive-thru services: Increase in demand for drive-thru services due to busy lifestyles is further contributing to the growth of the market.
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Innovative solutions: Leading players are introducing advanced equipment variants, thereby increasing competition in the market.
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Stability Focus: Eco-friendly and energy-efficient appliances are becoming increasingly popular in response to environmental concerns.
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Emphasis on food security: Growing awareness regarding food safety is driving the adoption of commercial kitchen equipment.
Major market segments:
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Type: Refrigerators, cooking appliances (cooktops and cooking ranges, ovens), dishwashers, and others.
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distribution channel: Offline and online.
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application: Quick Service Restaurants (QSR), Railway Dining, Institutional Canteens, Resorts and Hotels, Hospitals, Full Service Restaurants (FSR), and others.
Regional Insights:
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North America: The United States and Canada are important markets for commercial kitchen equipment, driven by the growing hospitality sector.
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Asia Pacific: Countries including China, Japan, India, and South Korea are experiencing growth due to rapid urbanization and rising dietary preferences.
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Europe: Germany, France, the United Kingdom and other European countries are seeing growth due to investment in commercial kitchens.
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Latin America: As the food industry expands, Brazil, Mexico and other countries are seeing increased demand for equipment.
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Middle East and Africa: Growth in industries such as hospitality and healthcare is driving market demand in this region.
competitive landscape:
Major players in the commercial kitchen equipment market include Alto-Sham Inc., American Range Corporation, Carrier Global Corporation, Duke Manufacturing Company, Electrolux AB, GS Blodgett Corporation (The Middleby Corporation), Hamilton Beach Brands Inc., Hoshizaki Corporation, Interlavin Refrigeration Are. Ltd., Meiko Maschinenbau GmbH & Co. KG, The Vollrath Company LLC, and True Manufacturing Company Inc. (Please note that this is a partial list of companies; the full list is provided in the report.)
Main questions addressed:
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What was the size of the global commercial kitchen equipment market in 2022?
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What is the estimated growth rate of the global commercial kitchen equipment market during 2023-2028?
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What are the primary factors driving the global commercial kitchen equipment market?
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What has been the impact of COVID-19 on the global commercial kitchen equipment market?
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How is the global commercial kitchen equipment market divided by type?
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What is the distribution channel breakup in the global commercial kitchen equipment market?
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How is the global commercial kitchen equipment market divided by application?
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What are the major stages in the industry’s value chain?
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What are the key drivers and challenges in the industry?
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What is the structure of the global commercial kitchen equipment market, and who are the key players?
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What level of competition exists within the industry?
For more information on this report visit https://www.researchandmarkets.com/r/daqzqg
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