Overview of the global commercial drawer warmer market
Technavio’s market research report predicts that the global commercial drawer warmer market will post a CAGR of nearly 6% during the forecast period. The rise in number of bakeries and pizzerias is one of the primary drivers for market growth. Since bakeries prepare food items such as croissants, pretzels, bread, bun, and bread rolls in advance, they have a high requirement for drawer warmers to serve them warm when ordered. Additionally, pizzerias also utilize drawer warmers to offer warm pizzas, especially in the delivery and takeaway services they offer. With the increasing demand for these food products in several regions across the world, pizzerias and bakeries are already focusing on expanding their geographical presence. For instance, Pizza Hut Delivery one of the major pizza delivery chains, has plans to open more than 200 stores by the end of 2020 in the UK and Ireland. Since bakeries and pizzerias are the major end-users for commercial drawer warmers, this increase in the number of outlets will consequently increase their investments towards procuring commercial drawer warmers, in turn, propeling market growth.
In terms of geography, the Americas dominated the global commercial drawer warmer market during the 2016 and will continue its dominance during the forecast period as well. The rise in number of pizzerias and bakeries in the region and the increasing preference for commercial drawer warmers with advanced features, will be the major factors fueling the growth of the market in the Americas.
Competitive analysis and key vendors
The market is characterized by the presence of a considerable number of vendors and is competitive. Product pricing, customization, design, and product features are some of the major factors the market players usually compete on. To improve their revenue shares and improve their market positions, the vendors are constantly focusing on enhancing the quality of their equipment to increase the operational and production efficiencies.
Key vendors in the market are:
Other prominent vendors include APW Wyott, Archway Sheet Metal Works, Eagle Group, Lincat, Star Manufacturing International, Toastmaster, Winston Industries, and Wittco Food Service Equipment.
Segmentation by product placement and analysis of the commercial drawer warmer market
Floor standing drawer warmer
Built in drawer warmer
During 2016, the floor standing drawing warmer dominated the product placement segment of the commercial drawer warmer market and is expected to continue its dominance over the next four years. Benefits of these drawer warmers such as effective mobility, easy maneuverability in kitchens, and convenient placement options in commercial kitchens, will be the major factors propeling the segment’s growth.
Segmentation by end-user and analysis of the commercial drawer warmer market
Restaurants and hotels
Bakeries and pizzerias
According to this market research report, the restaurants and hotels segment led the commercial drawer warmer market during 2016 and is anticipated to continue its dominion during the forecast period. The increased utilization of drawer warmers at various restaurant sectors such as quick service restaurants, full-service restaurants, fast casual restaurants, and hotels will be the major factor driving the growth of this market segment.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global commercial drawer warmer market?
What are the key market trends impacting the growth of the global commercial drawer warmer market?
What are the challenges to market growth?
Who are the key vendors in the global commercial drawer warmer market?
What are the market opportunities and threats faced by the vendors in the global commercial drawer warmer market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global commercial drawer warmer market?
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