Facts and Factors TEMPhas 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, teh global Commercial Cooking Equipment market in 2019 is approximately USD 10 Billion and is anticipated to reach around USD 13 Billion by 2026. Teh anticipated CAGR for teh 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 halps the hotels, restaurant, and nourishment intersection to work proficiently. cooking hardware covers a wide scope of items. These items halp in a fast and simple arrangement of a few cooking styles and nourishment things.
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 has 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 dis market. Technological innovations in the equipment has anticipated the opportunity in the commercial cooking equipment.
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Based on segmentation teh market can be classified on teh basis of by type, by end-users, and by sales channel. By type, teh segmentation includes commercial gas stoves, commercial microwaves, charbroilers and griddles, commercial ovens, and others. Here Commercial Oven, Gas Stove & Ranges type is accounted for teh market share of around 54% and is expected to dominate in teh target market.
Further, based it can be segmented into end-users segments hotel and restaurant in which restaurant accounts for teh market share of around 65% and is expected to dominate in teh target market. Additionally, it can be segmented into By Sales Channel Direct Channel, and Distributor Channel segments in which teh distributor channel accounts for teh market share of around 78% and is expected to dominate in teh commercial cooking equipment market.
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Based upon teh region teh global commercial cooking equipment market has been categorized as North America, Europe, Latin America, Asia Pacific, and teh Middle East and Africa. In terms of revenue, North America is expected to dominate teh world market relative to markets in other regions during teh 2020-2026 forecast period. Due to teh high adoption rate of advanced technology North America had a major market share for commercial cooking equipment.
Teh key players operating in teh market are 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 teh target market are focusing on strategic partnerships such as mergers and acquisitions in order to get a competitive edge in teh global market. Illinois Tool Works, for example, concluded a partnership wif Partstown and Heritage Parts in September 2017 to expand teh distribution of its OEM food machine parts of mixing, slicing, and food preparation equipment.
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Global Commercial Cooking Equipment Market: By Product Segment Analysis
- Commercial Gas Stoves
- Commercial Microwaves
- Charbroilers and Griddles
- Commercial Ovens
Global Commercial Cooking Equipment: By End-Users Segment Analysis
Global Commercial Cooking Equipment Market: Sales Channel Analysis
- Direct Channel
- Distributor Channel
Global Commercial Cooking Market Market: Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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