Commercial baking equipment market overview
Technavio’s market research analyst predicts the global commercial baking equipment market to grow steadily at a CAGR of above 5% by 2021. One of the primary drivers for this market is the rise in the number of food service establishments preparing baked goods. This increase in the rapid rise of the food service establishments can be attributed to the change in customer preferences towards simple baked goods that are both healthy and organic.
Also, the expansion of bakery chains is significantly contributing to the growth of the commercial baking equipment market. Owing to the growing demand for healthy and organic baked products, a number of vendors are attempting to open several stores in various regions of the globe. For instance, in 2015, Croatia-based Mlinar Bakery announced its plans to open multiple bakeries across Germany by the end of 2020. This consumer shift towards freshly baked products will segment the growth of the commercial baking equipment market during the forecast period.
Commercial baking equipment market trends
One of the latest trends gaining traction in this market is the development of advanced technology and new product launches. The commercial baking equipment market is at a growing stage and is witnessing rapid technological advances. The focus of these advances is primarily to the operations or control of the equipment, where they are being designed with unique features such as touchscreen controllers, smart and automatic functions, and inbuilt safety sensors. Moreover, the rising demand from the end-users for more energy and water efficient equipment will propel the growth of the commercial baking equipment market in the coming years.
Commercial baking equipment market: Competitive landscape and key vendors
The global commercial baking equipment market is experiencing intense competition due to the introduction of several innovative and advanced solutions in the market. The key market players compete in terms of price, reliability, size, and service. Price is the major factor driving the competition among players. In order to survive this intensive competition, it is imperative for vendors to expand across regions while reviving domestic demand.
Leading vendors in the commercial baking equipment market
Other prominent vendors in the commercial baking equipment market include Alto-Shaam, Baker Perkins, Blodgett, Empire Bakery Equipment, Eurodib, Globe Food Equipment Company, Middleby Celfrost Innovations, Robot Coupe, and Vulcan.
Baking equipment market segmentation by product
- Ovens
- Mixers
- Bakery display cases
- Bread slicers
- Dividers and sheeters
- Holding and proofing cabinets
- Accessories
During 2016, ovens dominated the commercial baking equipment market and accounted for a major part of the overall market share. The major reason for the dominance of this market is the wide adoption of commercial ovens by bakeries across the globe.
Baking equipment market as per geographies
In this market study, analysts have estimated APAC to dominate the commercial baking equipment market during the forecast period. The high sale volumes of cookies and high fiber biscuits is the key contributor to the dominance of this region in the commercial baking equipment market.
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 baking equipment market?
- What are the key market trends impacting the growth of the global commercial baking equipment market?
- What are the challenges to market growth?
- Who are the key vendors in the global commercial baking equipment market?
- What are the market opportunities and threats faced by the vendors in the global commercial baking equipment 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 baking equipment market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market definition
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by product
- Market segmentation by product
- Ovens
- Mixers
- Bakery display cases
- Bread slicers
- Dividers and sheeters
- Holding and proofing
- Accessories
PART 07: Geographical segmentation
- Global commercial baking equipment market by geographical segmentation
- APAC
- EMEA
- Americas
PART 08: Market drivers
- Availability of artisanal baking products leading to a rising indulgence in cakes and pastries
- Increase in number of food service establishments preparing baked goods
- Constant innovation and economies of scale
PART 09: Impact of drivers
PART 10: Market challenges
- Prevailing market for second-hand baking equipment
- High operational cost and shortage of skilled labor
- Difficulties in maintaining hygiene of baking equipment
PART 11: Impact of drivers and challenges
PART 12: Market trends
- Advances in technology and new product launches
- Rise in strategic alliances
- Availability of financing and leasing options for commercial baking equipment
PART 13: Vendor landscape
PART 14: Key vendor analysis
- Channel Manufacturing
- Doyon Baking Equipment
- Hobart
- NU-VU
- Other prominent vendors
PART 15: Appendix
PART 16: Explore Technavio
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
- 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape