North America 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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The North America Commercial Cooking Equipment Market would grow at a CAGR of 9.2% during 2020-2026. The commercial cooking equipment market is driven due to unprecedented growth in the hospitality industry and lifestyle changes. Also, growing concern over food safety and growing demand for quick service restaurants over full service restaurants have had an impact on the market growth. However, volatile raw material prices and need for significant initial capital to set a new manufacturing facility are some of the major restraints to the market growth. Launch of new & advance, energy efficient and cost-effective products would significantly contribute to the market expansion.
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 country, North America Commercial Cooking Equipment market is segmented into US, Canada, Mexico and Rest of North America. US remained the dominant country in the North America Commercial Cooking Equipment market in 2019. Canada and Mexico 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.