Asia Pacific Commercial Cooking Equipment Market By End users (Quick Service Restaurants, Full-service Restaurants & Hotels), Types (Ovens, Broilers/char Broilers/grills/griddles, Braising Pans/tilting Skillets, Ranges, Cook-chill Systems, Fryers & Steamers, Braising Pans/tilting Skillets & Life Sciences, Kettles), By Region, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Asia Pacific Commercial Cooking Equipment Market would grow at a CAGR of 10.3% during 2020-2026. Rapid expansion of hotels and restaurants has contributed to the demand for commercial cooking equipment. Advanced cooking equipment has been the choice of most of the restaurants, as it helps in enhances the services and quality of food.
Demand for energy efficient cooking equipment and rising concerns over saving energy has had a tremendous impact on the commercial cooking equipment. Also, with the introduction of compact and easy to use cooking equipment for commercial purposes, commercial cooking equipment market would witness significant adoption. Growing expenditure in the hospitality sector along with flourishing travel and tourism industry has driven the need for better and quality services.
Based on End-Users, the market is segmented into Quick Service Restaurants, Full-Service Restaurants & Hotels, and Other End User. Based on Types, the market is segmented into Ovens, Broilers/Char Broilers/Grills/Griddles, Braising Pans/Tilting Skillets, Ranges, Cook-chill Systems, Fryers & Steamers, Cookers, Kettles, and Others. Based on a country, Asia Pacific Commercial Cooking Equipment market is segmented into China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific.
China remained the dominant country in the Asia Pacific Commercial Cooking Equipment market in 2019. India and Malaysia would witness promising CAGR during the forecast period (2020-2026).
The report covers the analysis of key stake holders of the Commercial Cooking Equipment market. Key companies profiled in the report include ALI S.P.A, Illinois Tool Works (ITW) Inc., Duke Manufacturing Co. Inc., The Middleby Corporation, Alto Shaam, Inc., Edward Don & Company, Fujimak Corporation, Welbilt, Inc., AB Electrolux, and Rational AG.