FACTS AT A GLANCE
Editing: 6; Posted: April 2021
Executive pool: four hundred ninety seven
Companies: 106 – Players covered include Alto-Shaam, Inc .; Baker Perkins Ltd .; Blodgett Corporation; Manufacture of canals; Doyon & NU-VU; Empire bakery equipment; Eurodib Inc .; Globe food equipment company; Hobart; ITW Food Equipment Group LLC-Vulcan; Middleby Celfrost Innovations (P) Ltd .; NU-VU Food Service Systems; Robot Coupe and others.
Blanket: All major geographies and key segments
Segments: Product (Ovens, mixers, bakery display cases, bread slicers, dividers and sheeters, holding and lifting, accessories)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Commercial Cooking Equipment Market To Reach $ 2.5 billion by 2026
In the midst of the COVID-19 crisis, the global commercial bakery equipment market is estimated at US $ 2 billion in 2020, is expected to reach a revised size of US $ 2.5 billion by 2026, with a CAGR of 3.5% over the analysis period. Ovens, one of the segments analyzed in the report, is expected to register a CAGR of 3.5% and reach US $ 817.5 million at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the Mixers segment growth is readjusted to a revised CAGR of 3.4% for the next 7 year period.
The US market is estimated at $ 568.5 million in 2021, when China is expected to reach $ 511.1 million by 2026
The market for commercial cooking equipment in the United States is estimated at US $ 568.5 million in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 511.1 million by 2026, with a CAGR of 6.2% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 1% and 2.6% respectively over the analysis period. In Europe, Germany is expected to grow at around 1.7% CAGR.
Bakery display cabinet segment to reach US $ 437.7 million by 2026
In the global bakery display segment, United States, Canada, Japan, China and Europe will lead to the estimated 3.3% CAGR for this segment. These regional markets representing a combined market size of US $ 261.8 million in 2020 will reach a projected size of US $ 329.7 million at the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach US $ 61.8 million by 2026, while Latin America will increase at a CAGR of 4.8% throughout the analysis period. Following
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