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Technavio’s market research analysts have identified the rising tax and prices for beverages as one of the primary factors that will trigger the growth of the commercial glasswasher market in the coming years. In the recent times, it has been noticed that the rising price of alcohol is reducing the consumption of beverages from bar restaurant and other food service establishment. There is a strong possibility that the food service establishment is going to witness a reduction in profitability and this can impact the demand for glasswashers. However, the consumers are enticed to the new offerings and discounts from the bars and food establishments which will drive the consumption growth of beverages and this, in turn, will drive the commercial glasswasher market. Technavio’s market research analysts predict that this global market will post a revenue close to USD 125 million by 2022.
The increasing preference for commercial glasswashers with recirculating technology is one of the key trends in the commercial glasswasher market. The manufacturers are increasingly adopting recirculating technology as it utilizes a minimum amount of water and energy. Food service establishments aim for achieving efficiency by reducing water consumption. Commercial glasswashers ensure minimum use of water for longer wash cycles with the help of recirculating technology.
The commercial glasswasher market appears to be moderately fragmented owing to the presence of several vendors. This industry research report offers in-depth analysis of the competitive strategies adopted by the vendors to sustain among the competitors in the glass washing machine market. Technavio’s analysts also study the key market areas along with the product offerings of the vendors in the market.
The report includes an analysis of a number of companies in this marketspace including -
The commercial undercounter glasswasher segment accounted for the major share of the glass washing machine market during 2017. The dominance of this segment is due to the increasing adoption rate that utilizes advanced technologies.These advanced technologies offer cost benefits to the end-users. Our analysts predicted that this segment will perform well in the forthcoming years.
In terms of geography, the Americas accounted for the majority of shares in the glass washing machine market during 2017. The rising adoption of ENERGY STAR certified models of commercial glasswashers is expected to have a positive impact on the growth of the market in this region during the forecast period.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY TECHNOLOGY
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
PART 16: APPENDIX
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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