France Cooking Equipment Market To Be Driven By The Growing Prevalence Of Quick Service Restaurants In The Forecast Period Of 2023-2028
The new report by Expert Market Research titled, ‘France Cooking Equipment Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the France cooking equipment market, assessing the market based on its end-use, size of equipment, and tier type.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 61 Million
- Forecast CAGR (2023-2028): 1.9%
The thriving restaurant and food and beverage industry in France are propelling the development of France cooking equipment market. Consumers’ busy lifestyles, combined with a transition in their food preferences, have caused a spike in consumption for ready-to-eat meals. Furthermore, the rise in the restaurant and hotel numbers as a result of rapid globalisation and urbanisation is expected to fuel the growth of the commercial cooking equipment market.
Moreover, rise in disposable income, an expansion in the percentage of working women, and increased digitisation have resulted in growth of the number of fast-food restaurants, shops, and other facilities. Although, high volatility in raw material prices and increased equipment installation costs could stymie the growth of the industry.
Industry Definition and Major Segments
Cooking equipment refers to the equipment used in restaurants, hotels, and fast-food establishments, making food preparation and preservation even easier.
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Based on equipment size, the market is divided into:
- 700 series
- 800 series
- 900 series
Based on end-use, the industry is segmented into:
- Full-Service Restaurants
- Institutional Canteens
- Hotels and Resorts
- Quick Service Restaurants
- Others
Based on tier type, the market can be categorised as:
- Entry level (600-700)
- Mid-level (700-800)
- High level (800-900)
Market Trends
People’s increasing preference for modular kitchens, as well as surging demand for appealing and innovative kitchen appliances, are expected to drive market growth over the forecast period. The arrival of new appliances for simple and convenient cooking is also likely to draw a large number of consumers in the coming years. The increasing number of market opportunities is garnering numerous new players to join the industry and increase their market penetration. The market’s top players in kitchen equipment are exploring the potential of new products and innovations, which is increasing competition among the players.
Key Market Players
The major players in the market are Capic Sas, France Kitchen, Bonnet International, Sofinor, Meilleur du Chef, Tournus Equipement, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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