Global Commercial Countertop Fryers Market 2017-2021

Overview of the global commercial countertop fryers market

Technavio’s market research report predicts that the global commercial countertop fryers market will grow at a CAGR of above 5% during the forecast period. The increase in number of food service establishments is one of the primary drivers for market growth. The rising demand for added food options in developing countries is inspiring numerous food service establishments to widen internationally and domestically. This, in turn, increases the demand for countertop deep fryers. For instance, the burger chain company Super Duper Burger, has recently announced its plans to increase its presence in San Francisco, US by the end of 2018. Barbeque Nation Hospitality that offers a blend of American, Mediterranean, Pan-Asian, Oriental, and Continental Cuisines has also announced plans to open close to 50 new restaurant sites during the forecast period.

In terms of geography, the Americas dominated the global commercial countertop fryers market during 2016 and is expected to continue the dominion during the forecast period. Factors such as investments for improvements of products, rising consumer preference for mobile cuisine, and the increase in number of food trucks offering various food types, propel the growth of the commercial fryers market in this region.

Competitive analysis and key vendors

The leading players in the commercial countertop fryers market distinguish their products based on frying capacity and product features. Local and regional vendors dominate the market in numerous developing and underdeveloped countries. The competitive environment in the commercial deep fryers market is expected to grow higher with the rise in product and service extensions and technological innovations.

Key vendors in the market are:

• APW Wyott
• Perfect Fry
• Star manufacturing International             
• The Vollrath Company

Other prominent vendors include Birko, Falcon Foodservice Equipment, Globe Food Equipment, Grindmaster-Cecilware, Lincat, PITCO, Roband Australia, Sofraca , Toastmaster, Waring, and Wells- Bloomfield.

Segmentation by source of heat and analysis of the commercial countertop fryers market

• Electric Countertop fryers
• Gas Countertop fryers

During 2016, the electric countertop fryers segment led the commercial countertop fryers market and is expected to continue the dominion over the next four years. The major contributor to the growth of the electric deep fryer segment is the high heat transmission capacity and the availability of output requirement categories such as light-duty, medium-duty, and heavy-duty.

Segmentation by end-user and analysis of the commercial countertop fryers market

• Restaurants
• Hotels
• Clubs and pubs

As per Technavio’s market research report, the restaurants segment accounted for the majority shares of the commercial deep fryers market during 2016 and is expected to continue its domination over the next four years. The increase in development of restaurants and menu expansion by numerous restaurants will propel the growth of this segment in the next few years.

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 countertop fryers market?
• What are the key market trends impacting the global commercial countertop fryers market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial countertop fryers market?
• What are the market opportunities and threats faced by the vendors in the global commercial countertop fryers 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 countertop fryers market?

Technavio also offers customization on reports based on specific client requirement.