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NEW YORK , July 25, 2022 /PRNewswire/ -- The "Commercial Cooking Equipment Market by Product (cookers, ranges, fryers, ovens, and others) and Geography (North America , APAC, Europe , South America , and MEA) - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the commercial cooking equipment market between 2020 and 2025 is USD 4.95 billion, as per the latest market analysis report by Technavio. The analysts at Technavio have categorized the global commercial cooking equipment market as a part of the global household appliances market. The report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial cooking equipment market during the forecast period.
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The commercial cooking equipment market report is segmented by Product (cookers, ranges, fryers, ovens, and others) and Geography (North America , APAC, Europe , South America , and MEA).
Regional Opportunities: North America will be the leading region with 31% of the market's growth during the forecast period with the US emerging as the largest revenue-generating economy in the region. The commercial cooking equipment market in North America is mainly driven by the growing demand for commercial cooking equipment with high operational efficiency. The increase in wages and salaries is encouraging many foodservice operators to invest in commercial kitchen equipment that requires minimum labor training and intervention. Vendors have started providing cooking technologies that are easy to use. Also, various chain restaurants are expanding in the region, which will directly influence the market for commercial cooking equipment. This will drive the market growth positively in the forthcoming years.
Revenue-generating Segment Highlights: The commercial cookers segment held the largest market share in 2020. This segment includes pasta cookers and rice cookers. These appliances also form an essential part of the food service establishments that serve various food items such as pasta and a variety of rice and rice-based dishes. Vendors of commercial cookers, with advancements in various controls, are focusing on improving the technology used in commercial cookers to reduce energy and water consumption. For instance, AB Electrolux provides its pasta cooker model 900XP, which is equipped with different baskets for menu differentiation and comes with an automatic basket lifting system.
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Commercial Cooking Equipment Market Scope
Accelerate at a CAGR of over 5.4%
North America, APAC, Europe, South America, and MEA
US, China, UK, Germany, and Japan
Leading companies, competitive strategies, consumer engagement scope
Ali Group Srl, Alto-Shaam Inc., ATA Srl, Duke Manufacturing, Electrolux AB, FUJIMAK Corp., Illinois Tool Works Inc., RATIONAL Group, The Middleby Corp., and Welbilt Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
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