DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Commercial Cooking Equipment Market 2017-2021" report to their offering.
Commercial kitchen equipment refers to appliances with electric or gas heating sources that are used in commercial kitchens.
The report covers the present scenario and the growth prospects of the global commercial cooking equipment market for 2017-2021. To calculate the market size, the report considers the end-user segments such as restaurants (QSRs, FSRs, FCRs, cafés, and bakeries), hotels, and the other segments have been considered. Food trucks, retail, and delis have not been considered. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is focus on improving new technologies. The technological aspects of the commercial cooking equipment are improving continuously and are redefining the cooking technology around the world. Manufacturers are providing improved cooking technology to address the needs and demands of end-users.
According to the report, one of the major drivers for this market is growing preference for energy-efficient cooking equipment. The demand for energy-efficient commercial cooking equipment is increasing from foodservice establishments around the world. Manufacturers are also developing technologies that could be certified under ENERGY STAR.
Further, the report states that one of the major factors hindering the growth of this market is increasing raw material prices. One of the major raw materials used in the production of commercial cooking equipment is stainless steel. Even end-users prefer cooking appliances that are made of steel as the metal is durable in comparison to other metals such as aluminum or non-metal elements such as plastic. As steel is a commodity, its price fluctuates frequently. These volatile prices affect both manufacturers as well as end-users.
- Illinois Tool Works (ITW)
Other prominent vendors
- AB Electrolux
- Avantco Equipment
- Duke Manufacturing
- FUJIMAK Corporation
- Standex International
- The Vollrath Company
For more information about this report visit http://www.researchandmarkets.com/research/pt72v8/global_commercial