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The commercial foodservice equipment market in US share is expected to increase by USD 2.43 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.76%.
This commercial foodservice equipment market in us research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers commercial foodservice equipment market in us segmentations by product (foodservice disposables and gloves, refrigeration and ice machine, primary cooking equipment, storage and handling equipment, and others), end-user (restaurants, hotels, retail, and others), and geography (US). The commercial foodservice equipment market in us report also offers information on several market vendors, including AB Electrolux, Ali Group Srl, Alto-Shaam Inc., Cambro Manufacturing Co., Dover Corp., Duke Manufacturing, HOSHIZAKI Corp., Illinois Tool Works Inc., The Middleby Corp., and Welbilt Inc. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growth of foodservice market is notably driving the commercial foodservice equipment market in us growth, although factors such as high installation cost and maintenance may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the commercial food service equipment in US industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Commercial Foodservice Equipment Market In US Driver
The growth of the foodservice market is one of the key factors driving the growth of the commercial foodservice equipment market in the US. The growth of the foodservice market in US will directly influence the growth of the commercial foodservice equipment market in US. The increasing demand for ready-to-eat food in the country drives the expansion of food service establishments, mainly limited-service restaurants. For instance, in 2019, limited-service restaurants accounted for nearly two-fifth of the sales in the food away-from-home market in US. Full-service restaurants held a share of around one-third in the same year. The massive expansion of limited-service restaurants drives the growth of the commercial foodservice equipment market in US. For instance, Marco's Pizza opened 100 new stores in 2019, out of which 84 were located in the US and the remaining in Puerto Rico. Similarly, Dunkin Brands Group LLC opened 76 new Dunkin' and Baskin-Robbins stores in the US in the fourth quarter of 2019. These companies are expected to open several new stores in the country during the forecast period.
Key Commercial Foodservice Equipment Market In US Trend
The growing focus on advanced technology will fuel the commercial foodservice equipment market growth in the US. Consumers in the US are among the quickest adopters of advanced technologies. They also intend to replace their old commercial foodservice equipment with advanced ones. Hence, the manufacturers of commercial food service equipment in the country must effectively address the needs of the customers for innovative technologies. For instance, vendors of primary cooking equipment are looking to reduce the cooking time by improving the technology and including better sensors and controls in the equipment, which would help in ensuring the efficiency of the equipment. The addition of pre-programmable features and display screens in food preparation equipment can make the cooking experience more interactive and enhance the user experience. Many market players are also increasing their focus on advancing storage and handling equipment where food items can be secured from cross-contamination. The above factors will increase the market growth during the forecast period.
Key Commercial Foodservice Equipment Market In US Challenge
The high installation cost and maintenance are a major challenge for the commercial foodservice equipment market growth in the US. Various commercial kitchens incur different costs to set up equipment. For instance, the cost of outfitting a commercial kitchen for a small food service establishment can usually be as low as $15,000 and as high as $150,000. Also, the setting up of ventilation and refrigeration equipment can incur more costs than that of some cooking equipment. Certain commercial foodservice equipment that is used in various end-user segments incur high installation costs and require high maintenance. For instance, the initial installation of floor model electric fryers is high. Therefore, smaller food service establishments refrain from installing new equipment. High-power rating switch socket outlets need to be installed for kitchen equipment like fryers. Similarly, the installation of ventilation systems is also a costly prospect for commercial kitchens. For instance, the average cost of installing a good ventilation system is $5,500-$30,000, depending on the size and scope of the installation. In addition to this, the refrigerators and ice machines used by end-users such as retail stores, hotels, and restaurants require high maintenance. Such factors will hinder the market growth during the forecast period.
This commercial foodservice equipment market in us analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the commercial foodservice equipment market in US as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial foodservice equipment market in us during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the commercial foodservice equipment market in us encompasses successful business strategies deployed by the key vendors. The commercial food service equipment market in us is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The commercial foodservice equipment market in us forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the commercial foodservice equipment market in us, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global industrial machinery market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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100% of the market’s growth will originate from US during the forecast period. US are the key markets for commercial foodservice equipment market in us in US. Market growth in this region will be faster than the growth of the market in regions.
The growth of the foodservice market will facilitate the commercial foodservice equipment market in us growth in US over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 outbreak in 2020 majorly impacted the US market. An increase in the number of COVID-19 cases led to nationwide lockdowns, social distancing, and travel restrictions that negatively impacted the market growth of commercial foodservice equipment in the US. Owing to the lockdowns, various food service providers such as hotels, restaurants, caterers, and pubs were shut down temporarily in 2020, which negatively impacted the demand for commercial food service equipment in the US. This led to an inventory pileup, resulting in an increase in the prices of raw materials. In addition, the logistic services of commercial foodservice equipment were majorly disturbed during the outbreak. Due to this, the demand for commercial food service equipment reduced in 2020. However, in 2021, the initiation of large-scale vaccination drives has lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.
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The commercial foodservice equipment market in US share growth by the foodservice disposables and gloves segment will be significant during the forecast period. The foodservice disposables and gloves segment is expected to witness strong growth during the forecast period. This is mainly due to the increasing demand for food service disposables and gloves in various food service establishments like quick-service restaurants (QSRs), full-service restaurants (FSRs), bakeries, cafes, and catering companies. The rising number of end-users is also expected to drive the sales of food service disposables and gloves in the country.
This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial foodservice equipment market in us size and actionable market insights on post COVID-19 impact on each segment.
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Commercial Foodservice Equipment Market In US Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.76% |
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Market growth 2021-2025 |
$ 2.43 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
2.89 |
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Regional analysis |
US and US |
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Performing market contribution |
US at 100% |
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Key consumer countries |
US |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
AB Electrolux, Ali Group Srl, Alto-Shaam Inc., Cambro Manufacturing Co., Dover Corp., Duke Manufacturing, HOSHIZAKI Corp., Illinois Tool Works Inc., The Middleby Corp., and Welbilt Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Market Segmentation by End-user
7 Customer landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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