DUBLIN–(BUSINESS WIRE)–The “Commercial Bakery Equipment – Global Market Trajectory and Analysis” report has been added to from ResearchAndMarkets.com offer.
Amid the COVID-19 crisis and impending economic recession, the global commercial bakery equipment market is expected to grow by US$548.6 million, over the analysis period, driven by a growth rate Compound Annual Compound (CAGR) revised by 3.5%. Ovens, one of the segment analyzed and sized in this study, is expected to grow over 3.5% and reach a market size of US$817.5 million by the end of the analysis period.
The overall analysis and forecast periods covered in the report are 2020-2027 (current and future analysis) and 2012-2019 (historical review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
An unusual time in history, the coronavirus pandemic has triggered an unprecedented series of events affecting all industries. The Ovens Market will be reset to a new normal which, going forward in a post COVID-19 era, will be continuously redefined and reimagined. Staying abreast of trends and performing accurate analysis is more critical than ever to managing uncertainty, change and continuously adapting to new and changing market conditions.
Under the new emerging geographic scenario, the United States is expected to readjust at a CAGR of 2.2%. In Europe, Germany will add more than US$13.2 million to the size of the region over the next 7-8 years. Additionally, more than US$14.1 million of forecasted demand in the region will come from the rest of the European markets. In Japan, the Ovens segment will reach a market size of US$33.7 million by the end of the analysis period. Blame for the pandemic, China faces significant political and economic challenges. Amid growing pressure for decoupling and economic distancing, the evolving relationship between China and the rest of the world will influence competition and opportunity in the commercial cooking equipment market.
Against this backdrop and shifting geopolitical, business and consumer sentiments, the world’s second largest economy will grow 6.7% over the next two years and add an estimated US$175.6 million in addressable market opportunities. Continuous monitoring for emerging signs of a possible New World Order after the COVID-19 crisis is a must for budding businesses and their astute leaders looking to succeed in the changing commercial cooking equipment market landscape. All research insights presented are based on validated engagements of market influencers, whose opinions prevail over all other research methodologies.
Identified competitors in this market include, among others,
Baker Perkins Ltd.
Doyon & NU-VU
Empire Bakery Equipment
Globe Food Equipment Company
ITW Food Equipment Group LLC-Vulcan
Middleby Celfrost Innovations (P) Ltd.
NU-VU Food Service Systems
Main topics covered:
I. INTRODUCTION, METHODOLOGY AND SCOPE OF THE REPORT
1. MARKET OVERVIEW
Global market shares of competitors
Global Commercial Bakery Equipment Competitor Market Share Scenario (%): 2019 and 2025
Impact of Covid-19 and a looming global recession
2. FOCUS ON CERTAIN PLAYERS
3. MARKET TRENDS AND DRIVERS
4. GLOBAL MARKET OUTLOOK
III. MARKET ANALYSIS
Total number of companies profiled: 56
For more information on this report, visit https://www.researchandmarkets.com/r/4inlou