Research Report: Global Commercial Electric Fryer Market 2020-2024 | Expansion of End-users to Boost Market Growth | Technavio

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global commercial electric fryer market size and it is poised to grow by USD 324.53 million during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions:

• Based on segmentation by product, which is the leading segment in the market?
  Floor standing fryers is the leading product segment in the market.
• What are the major trends in the market?
  Increasing adoption of commercial electric fryers with TRIAC controls is a key trend in the market.
• At what rate is the market projected to grow?
  The global market is expected to grow at a CAGR of almost 6% during the forecast period
• Who are the top players in the market?
  AB Electrolux, Bayou Classic Fryers, Conair Corp., Gourmia Inc., Hakka Brothers Machinery Co. Ltd., Henny Penny Corp., Illinois Tool Works Inc., The Middleby Corp., Welbilt Inc., and Yescom USA, Inc. are some of the major market participants.
• What are the key market drivers and challenges?
  The expansion of end-users is one of key factors driving the market. However, the growing market for pre-used commercial electric fryers might hamper the market growth.
• How big is the APAC market?
  APAC will contribute 36% of the market.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Electrolux, Bayou Classic Fryers, Conair Corp., Gourmia Inc., Hakka Brothers Machinery Co. Ltd., Henny Penny Corp., Illinois Tool Works Inc., The Middleby Corp., Welbilt Inc., and Yescom USA, Inc. are some of the major market participants. The expansion of end-users will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Commercial Electric Fryer Market 2020-2024: Segmentation

Commercial Electric Fryer Market is segmented as below:

• Product
  • Commercial Floor-standing Fryer
  • Commercial Countertop Fryer
• Geographic Landscape
  • APAC
  • North America
  • Europe
  • South America
  • MEA

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Commercial Electric Fryer Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The commercial electric fryer market report covers the following areas:

• Commercial Electric Fryer Market Size
• Commercial Electric Fryer Market Trends
• Commercial Electric Fryer Market Industry Analysis

This study identifies the increasing adoption of commercial electric fryers with TRIAC controls as one of the prime reasons driving the Commercial Electric Fryer Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Commercial Electric Fryer Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist commercial electric fryer market growth during the next five years
• Estimation of the commercial electric fryer market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the commercial electric fryer market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of commercial electric fryer market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type
• Floor standing - Market size and forecast 2019-2024
• Countertop - Market size and forecast 2019-2024
• Market opportunity by Type

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• AB Electrolux
• Bayou Classic Fryers
• Conair Corp.
• Gourmia Inc.
• Hakka Brothers Machinery Co. Ltd.
• Henny Penny Corp.
• Illinois Tool Works Inc.
• The Middleby Corp.
• Welbilt Inc.
• Yescom USA, Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

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