0

Commercial Electric Fryer Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2020-2024

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR41648
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The commercial electric fryer market share is expected to increase by USD 324.53 million from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 5.61%. This commercial electric fryer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The commercial electric fryer market report also offers information on several market vendors, including AB Electrolux, Bayou Classic Fryers, Conair Corp., Gourmia Inc., Hakka Brothers Machinery Co. Ltd., Henny Penny Corp., Illinois Tool Works Inc., The Middleby Corp., Welbilt Inc., and Yescom USA, Inc. among others. Furthermore, this report extensively covers commercial electric fryer market segmentation by type (floor standing and countertop), product placement (commercial floor-standing electric fryer and commercial countertop electric fryer), and geography (APAC, North America, Europe, and South America).

What will the Commercial Electric Fryer Market Size be During the Forecast Period?

Commercial Electric Fryer Market Size

Download the Free Report Sample to Unlock the Commercial Electric Fryer Market Size for the Forecast Period and Other Important Statistics

 

Commercial Electric Fryer Market: Key Drivers, Trends, and Challenges

The increasing adoption of commercial electric fryers with energy star certification is notably driving the commercial electric fryer market growth, although factors such as the growing market for pre-used commercial electric fryers may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the commercial electric fryer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Commercial Electric Fryer Market Driver

The increasing adoption of commercial electric fryers with energy star certification is notably driving the commercial electric fryer market growth. Foodservice establishments are mainly focused on using commercial electric fryers that help in improving production efficiency with minimal operating costs. This enables manufacturers of commercial electric fryers to offer equipment with energy-saving features to increase the profitability of food service establishments. Manufacturers are focusing on achieving ENERGY STAR certification through advanced burner and heat exchanger designs. Most of the end-users, such as fast food establishments and FSRs, use large volume commercial electric fryers. The use of ENERGY STAR-certified commercial electric fryers provides significant cost advantages to end-users. For instance, standard-sized commercial electric fryers with ENERGY STAR certification are around 14% more energy-efficient than commercial electric fryers without ENERGY STAR certification. Hence, these cost-saving advantages is expected to influence the growth of the market during the forecast period.

Key Commercial Electric Fryer Market Trend

Increasing adoption of commercial electric fryers with safety certifications is the key trend driving the commercial electric fryer market growth. Commercial electric fryer manufacturers are focused on offering equipment that meet all the industry standards. Safety certifications help manufacturers to expand their market presence in various countries where it is highly mandatory to comply with industry standards. Foodservice establishments ensure that food items prepared using the equipment do not cause any harmful effects on consumers. Hence, the increasing adoption of commercial electric fryers with safety standard certifications is expected to influence the growth of the market during the forecast period.

Key Commercial Electric Fryer Market Challenge

The major challenge impeding the commercial electric fryer market growth is the growing market for pre-used commercial electric fryers. Many independent foodservice establishments that plan to invest in commercial electric fryers prefer to purchase pre-used commercial electric fryers that offer good performance as well as enable restaurant owners to save on high equipment purchase costs. Many small and medium foodservice establishments, especially in developing countries, mainly prefer pre-used commercial electric fryers to minimize initial investments when they plan to start or expand fried food offerings. For instance, a pre-used electric floor standing fryer model 2ER50AF offered by Illinois Tool Works under the brand Vulcan can be availed at a price of around $10,500. However, the market price for a new unit of the same model is around $18,000. However, the market price for a new unit of the same model is around $4,300. Such significant price differences are encouraging many end-users to opt for pre-used equipment rather than investing in high-priced new units. The growing market for pre-used commercial electric fryers is expected to affect the potential growth prospects of the global commercial electric fryer market during the forecast period.

This commercial electric fryer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global commercial electric fryer market as a part of the global household appliances market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial electric fryer market during the forecast period.

Who are the Major Commercial Electric Fryer Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AB Electrolux
  • Bayou Classic Fryers
  • Conair Corp.
  • Gourmia Inc.
  • Hakka Brothers Machinery Co. Ltd.
  • Henny Penny Corp.
  • Illinois Tool Works Inc.
  • The Middleby Corp.
  • Welbilt Inc.
  • Yescom USA, Inc.

 

This statistical study of the commercial electric fryer market encompasses successful business strategies deployed by the key vendors. The commercial electric fryer market is concentrated and the vendors are deploying growth strategies such as M&A and collaborations to expand their business lines and shield themselves from the threat of rivalry to compete in the market.

Product Insights and News

  • AB Electrolux - The company offers counter top fryers with a capacity that ranges between 5 litres to 12 litres. This range comes with an overheat protection thermostat as standard on all units

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The commercial electric fryer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Commercial Electric Fryer Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the commercial electric fryer market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Commercial Electric Fryer Market?

Commercial Electric Fryer Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

39% of the market's growth will originate from APAC during the forecast period. China is the key market for the commercial electric fryer market in APAC. Market growth in this region will be slower than the growth of the market in other regions.

The growth opportunities and expansions will provide opportunities for the sales of new units and will facilitate the commercial electric fryer market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, China and India were the most affected countries in the region, owing to the COVID-19 pandemic. The second and third waves of the outbreak were witnessed in the second half of 2020 and early 2021. The total number of cases in India reached 23.3 million as of May 11, 2021. The governments in the region imposed nationwide lockdowns in 2020, which resulted in the closure of manufacturing facilities of commercial electric fryers. It also led to a temporary closure of various foodservice establishments. This resulted in a decline in the sales of commercial electric fryers in this region in 2020. However, the lifting of lockdowns will positively impact the growth of the commercial electric fryer market in APAC during the forecast period

What are the Revenue-generating Type Segments in the Commercial Electric Fryer Market?

Commercial Electric Fryer Market Segmentation

To gain further insights on the market contribution of various segments Request for a FREE sample

The commercial electric fryer market share growth by the floor standing segment will be significant during the forecast period. The increasing availability of commercial electric floor standing fryers with improved features is anticipated to have an impact on market growth. Commercial floor standing electric fryers with built-in filtration systems help foodservice establishments in ensuring better food quality and oil life. They also help in the easy removal of large sediments. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial electric fryer market size and actionable market insights on post COVID-19 impact on each segment.

 

Commercial Electric Fryer Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 5.61%

Market growth 2020-2024

$ 324.53 million

Market structure

Concentrated

YoY growth (%)

5.22

Regional analysis

APAC, North America, Europe, South America, APAC, North America, Europe, and South America

Performing market contribution

APAC at 39%

Key consumer countries

US, Canada, China, and Australia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AB Electrolux, Bayou Classic Fryers, Conair Corp., Gourmia Inc., Hakka Brothers Machinery Co. Ltd., Henny Penny Corp., Illinois Tool Works Inc., The Middleby Corp., Welbilt Inc., and Yescom USA, Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Commercial Electric Fryer Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive commercial electric fryer market growth during the next five years
  • Precise estimation of the commercial electric fryer market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the commercial electric fryer industry across APAC, North America, Europe, South America, APAC, North America, Europe, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of commercial electric fryer market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Household appliances

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 15: Type - Market share 2020-2025 (%)
    • 5.2 Comparison by Type
      • Exhibit 16: Comparison by Type
    • 5.3 Floor standing - Market size and forecast 2020-2025
      • Exhibit 17: Floor standing - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Floor standing - Year-over-year growth 2020-2025 (%)
    • 5.4 Countertop - Market size and forecast 2020-2025
      • Exhibit 19: Countertop - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Countertop - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 21: Market opportunity by Type

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 25: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • 9.2 Vendor landscape
            • Exhibit 38: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 39: Landscape disruption
            • Exhibit 40: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 41: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 42: Market positioning of vendors
          • 10.3 AB Electrolux
            • Exhibit 43: AB Electrolux - Overview
            • Exhibit 44: AB Electrolux - Business segments
            • Exhibit 45: AB Electrolux- Key news
            • Exhibit 46: AB Electrolux - Key offerings
            • Exhibit 47: AB Electrolux - Segment focus
          • 10.4 Avantco Equipment
            • 10.5 Conair Corp.
              • Exhibit 51: Conair Corp. - Overview
              • Exhibit 52: Conair Corp. - Product and service
              • Exhibit 53: Conair Corp. - Key offerings
            • 10.6 Gourmia Inc.
              • Exhibit 54: Gourmia Inc. - Overview
              • Exhibit 55: Gourmia Inc. - Product and service
              • Exhibit 56: Gourmia Inc. - Key offerings
            • 10.7 Hakka Brothers Machinery Co. Ltd.
              • Exhibit 57: Hakka Brothers Machinery Co. Ltd. - Overview
              • Exhibit 58: Hakka Brothers Machinery Co. Ltd. - Product and service
              • Exhibit 59: Hakka Brothers Machinery Co. Ltd. - Key offerings
            • 10.8 Henny Penny Corp.
              • Exhibit 60: Henny Penny Corp. - Overview
              • Exhibit 61: Henny Penny Corp. - Product and service
              • Exhibit 62: Henny Penny Corp. - Key news
              • Exhibit 63: Henny Penny Corp. - Key offerings
            • 10.9 Illinois Tool Works Inc.
              • Exhibit 64: Illinois Tool Works Inc. - Overview
              • Exhibit 65: Illinois Tool Works Inc. - Business segments
              • Exhibit 66: Illinois Tool Works Inc. - Key offerings
              • Exhibit 67: Illinois Tool Works Inc. - Segment focus
            • 10.10 The Middleby Corp.
              • Exhibit 68: The Middleby Corp. - Overview
              • Exhibit 69: The Middleby Corp. - Business segments
              • Exhibit 70: The Middleby Corp. - Key news
              • Exhibit 71: The Middleby Corp. - Key offerings
              • Exhibit 72: The Middleby Corp. - Segment focus
            • 10.11 Welbilt Inc.
              • Exhibit 73: Welbilt Inc. - Overview
              • Exhibit 74: Welbilt Inc. - Business segments
              • Exhibit 75: Welbilt Inc. - Key news
              • Exhibit 76: Welbilt Inc. - Key offerings
              • Exhibit 77: Welbilt Inc. - Segment focus
            • 10.12 Yescom USA Inc.
              • Exhibit 78: Yescom USA Inc. - Overview
              • Exhibit 79: Yescom USA Inc. - Product and service
              • Exhibit 80: Yescom USA Inc. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 81: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 82: Research Methodology
                • Exhibit 83: Validation techniques employed for market sizing
                • Exhibit 84: Information sources
              • 11.4 List of abbreviations
                • Exhibit 85: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
              Get your sample now!
              Commercial Electric Fryer Market market growth will increase by $324.53 mn during 2020-2024.
              The commercial electric fryer market market is expected to grow at a CAGR of 5.61% during 2020-2024.
              Technavio has segmented the commercial electric fryer market market by type (floor standing and countertop) and geography (APAC, North America, Europe, South America, APAC, North America, Europe, South America, and APAC).
              AB Electrolux, Bayou Classic Fryers, Conair Corp., Gourmia Inc., Hakka Brothers Machinery Co. Ltd., Henny Penny Corp., Illinois Tool Works Inc., The Middleby Corp., Welbilt Inc., Yescom USA, Inc. are a few of the key vendors in the commercial electric fryer market market.
              APAC will register the highest growth rate of 39% among the other regions. Therefore, the commercial electric fryer market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the commercial electric fryer market market growth are:
              • Increasing adoption of commercial electric fryers with ENERGY STAR certification
              • Increasing adoption of commercial electric fryers with built-in and automatic filtration systems
              The commercial electric fryer market market vendors should focus on grabbing business opportunities from the floor standing segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

              Certified ISO 9001 : 2015

              We are ISO recognized

              We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

              We are GDPR and CCPA compliant

              We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

              Safe and Secure SSL Encrypted
              Technavio

              info
              close
              • Single:

                One user only.
                Quick & easy download option

              • Enterprise:

                Unlimited user access (Within your organization)
                Complimentary Customization Included

              2500 USD

              Technavio Get the report (PDF) sent to your email within minutes.

              Subscribe & Save

              Get lifetime access to our
              Technavio Insights

              Customized Report as per your Business Needs

              • Our analysts will work directly with you and understand your needs
              • Get data on specified regions or segments, competitor and Vendors
              • Data will be formatted and presented as per your requirements
              • We offer $1000 worth of FREE customization at the time of purchase

              Let us help you make report more suited to your requirements.

              • Get a competitive breakdown as per your niche industry
              • Customize the data with various metrics that meet your business prerequisite
              • Understand Revenue Sources, Customers and many more
              • Details on Market Share
              • These customizations are done in a short amount of time by our analysts and industry experts
              Technavio
              Enquire Before Buying
              17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>