Global Commercial Baking Equipment Market 2017-2021

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

• Channel Manufacturing
• Doyon Baking Equipment
• Hobart
• NU-VU

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

• Americas
• APAC
• EMEA

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?

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

Related reports

• Global Baking Ingredients Market 2016-2020 
• Global Baker Mixer Market 2017-2021