06-Feb-2020 | Facts and Factors
Facts and Factors has authored “Commercial Cooking Equipment Market By Product (Commercial Gas Stoves, Commercial Microwaves, Charbroilers and Griddles, Commercial Ovens, and Others), and By End-Users (Restaurant, Hotels, and Others), and By Sales Channel (Direct Channel, and Distributor Channel): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 - 2026”. Based on our analysis, the global Commercial Cooking Equipment market in 2019 is approximately USD 10 Billion and is anticipated to reach around USD 13 Billion by 2026. The anticipated CAGR for the Commercial Cooking Equipment market is around 3.80% from 2020 to 2026.
Commercial cooking equipment is the cooking equipment that is just utilized for the cooking of others. A portion of the instances of commercial cooking hardware is cooking equipment in hotels, restaurants, cafes, and so on. Commercial cooking is a cooking administration typically for preparing food in large amounts. The assembling of commercial cooking hardware includes a high level of carefulness and accuracy. Different cooking equipment helps the hotels, restaurant, and nourishment intersection to work proficiently. cooking hardware covers a wide scope of items. These items help in a fast and simple arrangement of a few cooking styles and nourishment things.
Browse the full “Commercial Cooking Equipment Market By Product (Commercial Gas Stoves, Commercial Microwaves, Charbroilers and Griddles, Commercial Ovens, and Others), and By End-Users (Restaurant, Hotels, and Others), and By Sales Channel (Direct Channel, and Distributor Channel): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 - 2026” report at https://www.fnfresearch.com/commercial-cooking-equipment-market
An increase in the number of eateries in hotels and restaurants is one of the factors driving the development of the commercial cooking equipment market. Additionally, the changing ways of life of individuals have been another factor that is driving the market growth. The initial huge capital required to set the commercial cooking equipment is one of the restraints of this market. Technological innovations in the equipment have anticipated the opportunity in the commercial cooking equipment.
Based on segmentation the market can be classified on the basis of by type, by end-users, and by sales channel. By type, the segmentation includes commercial gas stoves, commercial microwaves, charbroilers and griddles, commercial ovens, and others. Here Commercial Oven, Gas Stove & Ranges type is accounted for the market share of around 54% and is expected to dominate in the target market. Further, based it can be segmented into end-users segments hotel and restaurant in which restaurant accounts for the market share of around 65% and is expected to dominate in the target market. Additionally, it can be segmented into By Sales Channel Direct Channel, and Distributor Channel segments in which the distributor channel accounts for the market share of around 78% and is expected to dominate in the commercial cooking equipment market.
Based upon the region the global commercial cooking equipment market has been categorized as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. In terms of revenue, North America is expected to dominate the world market relative to markets in other regions during the 2020-2026 forecast period. Due to the high adoption rate of advanced technology North America had a major market share for commercial cooking equipment.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 10 Billion |
Projected Market Size in 2026 |
USD 13 Billion |
CAGR Growth Rate |
4% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Middleby Corporation, Ali Group S.r.l., Illinois Tool Works, Welbilt, Inc., Duke Manufacturing, AB Electrolux, Fujimak Corporation, Rational Ag, Thermador, Bosch Group., and Others |
Key Segment |
By Product, End-Users, Sales, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
Middleby Corporation, Ali Group S.r.l., Illinois Tool Works, Welbilt, Inc., Duke Manufacturing, AB Electrolux, Fujimak Corporation, Rational Ag, Thermador, Bosch Group. Companies operating in the target market are focusing on strategic partnerships such as mergers and acquisitions in order to get a competitive edge in the global market. Illinois Tool Works, for example, concluded a partnership with Partstown and Heritage Parts in September 2017 to expand the distribution of its OEM food machine parts of mixing, slicing, and food preparation equipment.
By Product Segment Analysis
- Commercial Gas Stoves
- Commercial Microwaves
- Charbroilers and Griddles
- Commercial Ovens
- Others
By End-Users Segment Analysis
By Sales Channel Analysis
- Direct Channel
- Distributor Channel
By Regional Segment Analysis
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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