US-based Verified Market Research (VMR) has published a new report on the global commercial cooking equipment market.
The research firm valued the sector at US$9.56bn (£7.11bn) in 2018 and despite the Covid impact, the market is projected to reach US$12.80bn (£9.52bn) by 2026, growing at a CAGR of 3.73% to 2026.
The report takes account of how the pandemic has negatively affected the cooking equipment trade and looks into the post-Covid market. VMR believes the segment is still solid, as although it is fragmented, the market features large players which are adaptable.
Brands covered in the research include Ali Group, ITW, The Middleby Corporation, Duke Manufacturing Co, Alto-Shaam, Edward Don & Company, Fujimak Corporation, Welbilt, Rational and Electrolux.
The report offers a comprehensive analysis of the commercial cooking equipment market inclusive of product portfolio, categories, applications, and a comprehensive analysis of the value chain structure. The study investigates several factors influencing the growth of the market.
By type, the publication studies: braising pans, broilers, cook-chill systems, fryers, ovens, cookers, ranges, kettles and steamers, while end users markets covered are: full service restaurant and hotels, quick service restaurants and catering service.
The research also includes information pertaining to cost assessment and evaluation of trends over the forthcoming decade, the market scope of the money related factors affecting the advancement of the businesses and the provincial perspective with an assessment of key factors driving the market.