LONDON–(BUSINESS WIRE)–Technavio has been monitoring the commercial electric fryer market and it is poised to grow by USD 324.53 million during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. AB Electrolux, Bayou Classic Fryers, Conair Corp., Gourmia Inc., Hakka Brothers Machinery Co. Ltd., Henny Penny Corp., Illinois Tool Works Inc., The Middleby Corp., Welbilt Inc., and Yescom USA, Inc. are some of the major market participants. The adoption of commercial electric fryers with improved designs will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Adoption of commercial electric fryers with improved designs has been instrumental in driving the growth of the market.
Commercial electric fryer market 2020-2024: Segmentation
Commercial electric fryer market is segmented as below:
- Commercial Floor-standing Fryer
- Commercial Countertop Fryer
- North America
- South America
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Commercial electric fryer market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our commercial electric fryer market report covers the following areas:
- Commercial electric fryer market size
- Commercial electric fryer market trends
- Commercial electric fryer market industry analysis
This study identifies increasing adoption of commercial electric fryers with ENERGY STAR certification as one of the prime reasons driving the commercial electric fryer market growth during the next few years.
Commercial electric fryer market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the commercial electric fryer market, including some of the vendors such as AB Electrolux, Bayou Classic Fryers, Conair Corp., Gourmia Inc., Hakka Brothers Machinery Co. Ltd., Henny Penny Corp., Illinois Tool Works Inc., The Middleby Corp., Welbilt Inc., and Yescom USA, Inc. Backed with competitive intelligence and benchmarking, our research reports on the commercial electric fryer market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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commercial electric fryer market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist commercial electric fryer market growth during the next five years
- Estimation of the commercial electric fryer market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the commercial electric fryer market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of commercial electric fryer market vendors
Table Of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Floor standing – Market size and forecast 2019-2024
- Countertop – Market size and forecast 2019-2024
- Market opportunity by Type
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher priced units
- Market challenges
- Market trends
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- AB Electrolux
- Bayou Classic Fryers
- Conair Corp.
- Gourmia Inc.
- Hakka Brothers Machinery Co. Ltd.
- Henny Penny Corp.
- Illinois Tool Works Inc.
- The Middleby Corp.
- Welbilt Inc.
- Yescom USA, Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.