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Market Size in USD Billion
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USD 55,019.37 Million |
| USD 72,450.00 Million | |
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Global 900 Series Cooking Equipment Market, Product Type (Ambient Worktops, Base Unit Ovens, Boiling Kettles, Bratt Pans, Fryers, Griddles, Hobs, Pasta Cookers, Others), End User (Full-Service Restaurants, Institutional Canteen, Hotel and Resorts, Quick Service Restaurants, Others) – Industry Trends and Forecast to 2029
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Market Analysis and Size
Over the recent years, there has surge in number of full service restaurants, hotels, commercial institutes, popular QSRs and budgetary hotels. Additionally, the increased popularity in creative cooking and baking among consumers further results in a variety of dine-out options. Therefore, the market is estimated to grow rapidly over forecast period.
Global 900 series cooking equipment market was valued at USD 55019.37 million in 2021 and is expected to reach USD 72450 million by 2029, registering a CAGR of 3.5% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
Market Definition
The 900 series cooking equipment is commercial cooking equipment with a depth of 900 mm that is used to cook and preserve food products. Ambient worktops, base unit ovens, boiling kettles, bratt pans, fryers, griddles, hobs, pasta cookers, and other commercial cooking equipment are included. These pieces of equipment are widely used in hotels, full-service restaurants, commercial institutes, QSRs, and budget hotels to make food preparation easier, increase food safety, and reduce labour and operational costs.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Ambient Worktops, Base Unit Ovens, Boiling Kettles, Bratt Pans, Fryers, Griddles, Hobs, Pasta Cookers, Others), End User (Full-Service Restaurants, Institutional Canteen, Hotel and Resorts, Quick Service Restaurants, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Charvet (France), Capic (Canada), Ali Group S.r.l (Italy), AB Electrolux (Sweden), ATA Srl (Italy), BigTem Makine (Turkey), Fagor Professional (Spain), Illinois Tool Works Inc. (U.S.), MKN Maschinenfabrik Kurt Neubauer GmbH & Co. KG (Germany), Modular Professional Srl (Italy), GEA Group Aktiengesellschaft (Germany), Alfa Laval (Sweden), Bühler Group (Switzerland), Tetra Laval (Switzerland), Dover Corporation (U.S.), Robert Bosch GmbH(Germany), Krones AG (Germany) and The Middleby Corporation (U.S.)
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Market Opportunities
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This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
The increased usage in commercial kitchens and an increase in the number of full-service restaurants, luxury hotels, and restaurants are propelling the 900 Series Cooking Equipment Market forward, which is projected to create outstanding demand for the 900 series cooking equipment services during the forecasted period.
These equipment helps to reduce cost, improves food safety, and minimize operational cost, which will further propel the growth rate of the 900 series cooking equipment market. Additionally, they also aid in the quick and easy preparation of various food items and cuisines. Furthermore, it provides additional benefits such as increased food safety, avoiding costly breakdowns, improved functionality, reducing all types of waste, and saving energy, which boosts the overall market’s growth.
Opportunities
Furthermore, the customized product development by 900 series cooking equipment manufacturers and favorable government regulations and increase in demand for energy-efficient equipment further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the increased investments by restaurants in 900 series cooking equipment will further expand the future growth of the 900 series cooking equipment market.
Restraints/Challenges
However, the installation costs of the equipment is very costly. This factor will create hindrances for the growth of the 900 series cooking equipment market.
The integration capabilities required for the initial setup will prove to be a demerit for the 900 series cooking equipment market. Therefore, this factor is anticipated to challenge the 900 series cooking equipment market growth rate.
This 900 series cooking equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the 900 series cooking equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The recent outbreak of coronavirus had a huge impact on the 900 series cooking equipment market as the market witnessed huge supply chain disruptions along with suspension of various operations due to lockdown regulations to curb the disease. These factors affected market negatively and therefore revenues have dropped. Furthermore, as various venues such as hotels and restaurants account for a substantial portion of 900 series cooking equipment revenue, their closures have an impact on revenue production in these regions. In comparison to the previous year, lockdowns have resulted in huge income losses.
On the brighter side, the market restrictions are loosening, leading to the continuation of various operations. Moreover, the restaurants, hotels and other venues have opened up with restrictions which have revived the market growth.
The 900 series cooking equipment market is segmented on the basis of product type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
End-User
The 900 series cooking equipment market is analysed and market size insights and trends are provided by country, type, end user and channel type as referenced above.
The countries covered in the 900 series cooking equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the 900 series cooking equipment market because of the presence of advanced technology coupled with developed infrastructure and increase in popularity about creative cooking within the region.
On the other hand, Asia-Pacific is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the increase in tourism and hospitality industry coupled with increase in restaurants within the emerging economies in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The 900 series cooking equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to 900 series cooking equipment market.
Some of the major players operating in the 900 series cooking equipment market are
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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