Global Commercial Drawer Warmer Market 2017-2021

Overview of the global commercial drawer warmer market

Technavio’s market research report predicts that the global commercial drawer warmer market will post a CAGR of nearly 6% during the forecast period. The rise in number of bakeries and pizzerias is one of the primary drivers for market growth. Since bakeries prepare food items such as croissants, pretzels, bread, bun, and bread rolls in advance, they have a high requirement for drawer warmers to serve them warm when ordered. Additionally, pizzerias also utilize drawer warmers to offer warm pizzas, especially in the delivery and takeaway services they offer. With the increasing demand for these food products in several regions across the world, pizzerias and bakeries are already focusing on expanding their geographical presence.  For instance, Pizza Hut Delivery one of the major pizza delivery chains, has plans to open more than 200 stores by the end of 2020 in the UK and Ireland. Since bakeries and pizzerias are the major end-users for commercial drawer warmers, this increase in the number of outlets will consequently increase their investments towards procuring commercial drawer warmers, in turn, propeling market growth.

In terms of geography, the Americas dominated the global commercial drawer warmer market during the 2016 and will continue its dominance during the forecast period as well. The rise in number of pizzerias and bakeries in the region and the increasing preference for commercial drawer warmers with advanced features, will be the major factors fueling the growth of the market in the Americas.

Competitive analysis and key vendors