Product ID: UCMIG25Z2001
Report ID:
UCMIG25Z2001 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Increasing demand for take-out food, fast-paced life in cosmopolitan subways and cities, an increase in the number of working women and nuclear families, and an increase in people's disposable income are some of the other factors driving the commercial kitchen appliance market. The increase in consumer spending in tourism and hospitality encourages restaurant owners to upgrade their infrastructure and offer better services. Therefore, the increasing demand for the implementation of upgraded kitchen appliances in commercial premises is expected to positively contribute to the growth of the market. Equipped with advanced connectivity features, these smart commercial kitchen appliances are equipped with sensors that can be connected to portable devices such as smartphones and tablets or other household appliances.Growing food safety awareness as well as smart kitchen appliances will create high demand for advanced catering machinery in the years to come.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Internet & Direct Marketing Retail by segment aggregation, the contribution of the Internet & Direct Marketing Retail in Retailing and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG25Z2001