The commercial kettles and braising pans market share is expected to increase by USD 81.52 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 1.43%.
This commercial kettles and braising pans market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers commercial kettles and braising pans market segmentations by-product (commercial kettles and commercial braising pans) and geography (North America, Europe, APAC, South America, and MEA). The commercial kettles and braising pans market report also offers information on several market vendors, including AB Electrolux, Ali Group Srl, CAPIC SAS, Dover Corp., Illinois Tool Works Inc., Jøni AS, Legion Industries Inc., Nilma Spa, The Middleby Corp., and Welbilt Inc. among others.
What will the Commercial Kettles And Braising Pans Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Commercial Kettles and Braising Pans Market Size for the Forecast Period and Other Important Statistics
Commercial Kettles And Braising Pans Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and after post COVID-19 era. The increasing number of end-users is notably driving the commercial kettles and braising pans market growth, although factors such as the impact of the covid-19 pandemic may impede the 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 kettles and braising pans industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Commercial Kettles And Braising Pans Market Driver
The versatility offered by commercial braising pans is one of the key factors driving the growth of the global commercial kettles and braising pans market. A commercial braising pan is one of the most versatile commercial foodservice equipment available in the market. Commercial braising pans can function as ovens, griddles, fryers, steamers, and warming units. So, a commercial braising pan offers greater flexibility to its end-users and helps them expand their food offerings. It also helps end-users save space in their commercial kitchens by overcoming the need to install multiple units of foodservice equipment. This makes commercial braising pans an ideal option for food service establishments with limited kitchen space. It offers additional labor savings, as many of the menu items can be prepared in commercial braising pans. The precision controls offered by commercial braising pans ensure a suitable environment for cooking various food products in commercial kitchens. This includes the delivery of injecting the necessary temperature for cooking various food products. Therefore, the versatility offered by commercial braising pans helps in cost-saving and expanding the menu offerings, thereby increasing the overall profitability of the food service establishments. This, in turn, will fuel the growth of the market during the forecast period.
Key Commercial Kettles And Braising Pans Market Trend
The growing end-user preference toward commercial kettles and braising pans with improved control and safety features will fuel the global kettles and braising pans market growth. Food service establishments prefer cooking equipment such as commercial kettles and braising pans with advanced features to ensure more control over cooking activities. This has also encouraged the vendors of commercial kettles and braising pans to offer equipment with improved features. It is mainly achieved by integrating automated features into the commercial kettles and braising pans. For instance, Ali Group offers Proveno 3G 60E commercial kettles, which offer unlimited programming options and customizable user settings. The customizable user settings help the end-users to program their unique recipes in the equipment. However, the growing end-user inclination toward commercial kettles and braising pans with improved control and safety features may influence the accelerated growth momentum of the market during the forecast period.
Key Commercial Kettles And Braising Pans Market Challenge
The impact of the COVID-19 pandemic is a major challenge for the global kettles and braising pans market growth. The World Health Organization has declared the coronavirus outbreak as a global pandemic, as it has affected nearly about 214 countries. Almost all the economies across the globe are expected to witness a significant contraction in growth, extending up to early 2021. COVID-19 has taken the world on the verge of a global recession, which would be a challenge for sectors such as the food service sector. For the foodservice sector, surviving and emerging strongly at the end of the crisis would require deep thinking beyond the next fiscal year. Social distancing, travel restrictions, and lockdowns across the globe would negatively impact the sector in the long run as well. However, the supply chain has been disrupted due to COVID-19. Therefore, the demand for commercial kitchen equipment such as commercial kettles and braising pans is declining. However, the full impact of COVID-19 is yet to be felt. This is mainly due to the slowdown in manufacturing (supply-demand imbalance) and the shutdown of facilities. The outbreak of the COVID-19 pandemic would impact the global commercial kettles and braising pans market and affect its growth until the second half of 2021.
This commercial kettles and braising pans 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 2021-2025.
Parent Market Analysis
Technavio categorizes the global commercial kettles and braising pans market as a part of the global industrial machinery 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 kettles and braising pans market during the forecast period.
Who are the Major Commercial Kettles And Braising Pans Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AB Electrolux
- Ali Group Srl
- CAPIC SAS
- Dover Corp.
- Illinois Tool Works Inc.
- Jøni AS
- Legion Industries Inc.
- Nilma Spa
- The Middleby Corp.
- Welbilt Inc.
This statistical study of the commercial kettles and braising pans market encompasses successful business strategies deployed by the key vendors. The commercial kettles and braising pans market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- AB Electrolux - The company offers different types of products such as braising pans, kettles, and pressure braising pans.
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 kettles and braising pans 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 Kettles And Braising Pans Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the commercial kettles and braising pans 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 value chain of the global industrial machinery market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Commercial Kettles And Braising Pans Market?
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 commercial kettles and braising pans market in APAC. Market growth in this region will be faster than the growth of the market in regions.
The increasing number of end-users will facilitate the commercial kettles and braising pans 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
A significant increase in the number of COVID-19 cases in major markets, such as the US, India, Germany, the UK, and France, will have a major impact on the global commercial kettles and braising pans market. The massive decline in offline retail sales has had a significant impact on the market. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.
What are the Revenue-generating Product Segments in the Commercial Kettles And Braising Pans Market?
To gain further insights on the market contribution of various segments Request for a FREE sample
The commercial kettles and braising pans market share growth in the Commercial kettles segment will be significant during the forecast period. Steam is supplied from an external source in commercial direct steam kettles. Similarly, in commercial electric kettles, steam is supplied from an electric boiler contained in the kettle’s stand. Also, in commercial gas kettles, steam is supplied from a gas boiler. Due to all these factors, commercial kettles will grow during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial kettles and braising pans market size and actionable market insights on post COVID-19 impact on each segment.
|
Commercial Kettles And Braising Pans Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 1.43% |
|
Market growth 2021-2025 |
$ 81.52 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
1.20 |
|
Regional analysis |
North America, Europe, APAC, South America, and MEA |
|
Performing market contribution |
APAC at 39% |
|
Key consumer countries |
US, China, Germany, UK, and Canada |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
AB Electrolux, Ali Group Srl, CAPIC SAS, Dover Corp., Illinois Tool Works Inc., Jøni AS, Legion Industries Inc., Nilma Spa, The Middleby Corp., and Welbilt 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. |
What are the Key Data Covered in this Commercial Kettles And Braising Pans Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive commercial kettles and braising pans market growth during the next five years
- Precise estimation of the commercial kettles and braising pans market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the commercial kettles and braising pans industry across North America, Europe, APAC, South America, and MEA
- 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 kettles and braising pans market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch