Development of the hospitality industry is anticipated to drive Europe 900 series cooking equipment market growth
According to a new report published by Allied Market Research, titled, “Europe 900 Series Cooking Equipment Market by Product Type and End User: Regional Opportunity Analysis and Industry Forecast, 2018-2025,”Europe 900 series cooking equipment market size was $51.34 million in 2017, and is projected to reach $59.15 million by 2025, registering a CAGR of 1.7% from 2018 to 2025. In 2017, the base unit ovens segment accounted for approximately 20.5% share in the 900 series cooking equipment market, and is projected to grow at the highest CAGR of 2.5%.
Regional Outlook Of Europe 900 Series Cooking Equipment Market 2025 :-
UK dominated the overall market in terms of revenue, and is expected to maintain its dominant position throughout the 900 series cooking equipment market analysis period, growing at a CAGR of 2.3%. This is attributed to high adoption of advanced technology and rise in demand for ready-to-eat food in the market. However, Germany 900 series cooking equipment market is anticipated to grow at the highest CAGR of 2.0%.
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Driving growth of Europe 900 Series Cooking Equipment Market -2025 :-
Development of the hospitality industry is anticipated to drive Europe 900 series cooking equipment market growth. Moreover, rise in business related travel, surge in urban population, and increase in number of food joints such as hotels and restaurants fuel the growth of the hospitality industry, thereby driving the growth of the market. Moreover, changes in trends of food consumption and growth in need to reduce food wastage have led to the development of innovative kitchen equipment. These factors altogether are anticipated to drive market growth during Europe 900 series cooking equipment market forecast period.
Continuous developments in food industry and favorable government regulations to promote the production of eco-friendly and advanced equipment are expected to open new avenues for the cooking equipment manufacturers. However, volatile prices of raw materials and higher installation cost of equipment is anticipated to limit their adoption. A key market trend that is anticipated to gain traction in Europe 900 series cooking equipment market is the growth in demand for certified equipment.
Key Findings of The Europe 900 Series Cooking Equipment Market:-
In 2017, base unit oven segment accounted for the highest Europe 900 series cooking equipment market share growing at a CAGR of 2.5% from 2018 to 2025.
By product type, 900 series Pasta cookers and bratt pans are the two potential markets, expected to witness higher growth rates over the forecast period.
In 2017, full-service restaurants accounted for the highest market share and is expected to grow at the considerable CAGR of 1.2%.
The quick-service restaurants segment is projected to grow at the significant CAGR of 3.6%.
In 2017, UK accounted for the highest market share, and is anticipated to grow at a CAGR of 2.3%.
UK and Germany collectively accounts for two-fifths share in Europe 900 series cooking equipment market in 2017.
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Some of the key players analyzed in Europe 900 series cooking equipment industry are :-
Ambient Worktops
Base Unit Ovens
Boiling Kettles
Bratt Pans
Fryers
Griddles
Hobs
Pasta Cookers
Others
Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Europe 900 Series Cooking Equipment Market
– Changing market dynamics of the Europe 900 Series Cooking Equipment Market Industry.
– In-depth segmentation of Europe 900 Series Cooking Equipment Market by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments.
– Competitive landscape of Europe 900 Series Cooking Equipment Market.
– Strategies of key players and product offerings.
– Potential and niche segments/regions exhibiting promising growth.
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LIST OF TABLES :-
TABLE 01. 900 SERIES COOKING EQUIPMENT MARKET, BY PRODUCT TYPE, 2017–2025 ($MILLION)
TABLE 02. 900 SERIES AMBIENT WORKTOPS MARKET, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 03. 900 SERIES BASE UNIT OVENS MARKET, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 04. 900 SERIES BOILING KETTLES MARKET, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 05. 900 SERIES BRATT PANS MARKET, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 06. 900 SERIES FRYERS MARKET, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 07. 900 SERIES GRIDDLES MARKET, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 08. 900 SERIES HOBS MARKET, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 09. 900 SERIES PASTA COOKERS MARKET, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 10. 900 SERIES OTHER EQUIPMENT MARKET, BY COUNTRY, 2017–2025 ($MILLION)
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