Friday, 10 November 2017

Commercial Kitchen Equipment Appliances Market Strategic initiatives Report 2014-2025 by 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 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.
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
About Radiant Insights, Inc:Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Contact Details:Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
Web: http://www.radiantinsights.com
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