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Worldwide Commercial Cooking Equipment Industry to 2027 - Surge in Demand for Energy-efficient and Cost-effective Products Presents Opportunities

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The global commercial cooking equipment market was valued at $10,680.0 million in 2019, and is projected to reach $12,948.1 million by 2027, registering a CAGR of 5.2% from 2021 to 2027.
Commercial cooking equipment provides ease of food preparation in addition to food safety in commercial kitchens. Commercial cooking equipment majorly consist of braising pans, kettles, cook chill system, oven, and fryers, which are used to cook food products for commercial purposes. These equipment are widely adopted in caterings, full-service restaurants, quick service restaurants, for preparation and storage of various cuisines. Rise in business-related travel and increase in number of food joints such as hotels & restaurants are the major factors that fuel the growth of the food service industry, which, in turn, drives the demand for commercial cooking equipment. ....

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Food Service Equipment Market Share, Demand Analysis, Growth, Trends and Forecast

Food Service Equipment Market Share, Demand Analysis, Growth, Trends and Forecast
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Food Service Equipment Market Share, Demand Analysis, Growth, Trends and Forecast

Food Service Equipment Market Share, Demand Analysis, Growth, Trends and Forecast
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Food Service Equipment Market Trends, Global Analysis with Focus on Opportunities, Sales Revenue, Comprehensive Plans, Growth Potential & Forecast 2021 - 2023

Food Service Equipment Market Trends, Global Analysis with Focus on Opportunities, Sales Revenue, Comprehensive Plans, Growth Potential & Forecast 2021 - 2023
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Food Service Equipment Market to Reach $44.81 Bn, Globally, by 2027 at 5.7% CAGR: Allied Market Research

Product Type (Cooking Equipment, Storage & Handling Equipment, Ware Washing Equipment, and Serving Equipment) and End Use (Full-Service Restaurants & Hotels, Quick Service Restaurants & Pubs, and Catering): Global Opportunity Analysis and Industry Forecast, 2021–2027. According to the report, the global food service equipment market generated $34.25 billion in 2019, and is expected to garner $44.81 billion by 2027, growing at a CAGR of 5.7% from 2021 to 2027.
Drivers, restraints, and opportunities
Growth in food service industry and increase in preference for quick-service restaurants drive the growth of the global food service equipment market. However, high capital requirement restrains the market growth. On the other hand, regulatory benefits and rise in demand for energy-efficient and cost-effective products present new opportunities in the coming years. ....

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