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15 May 2022

900 Series Cooking Equipment Market to Witness Healthy Growth; Europe Region to Register Fastest Growth through 2025

900 Series Cooking Equipment Market to Witness Healthy Growth; Europe Region to Register Fastest Growth through 2025

Development of the hospitality industry is anticipated to drive Europe 900 series cooking equipment market growth

According to a new report published by Allied Market Research, titled, “Europe 900 Series Cooking Equipment Market by Product Type and End User: Regional Opportunity Analysis and Industry Forecast, 2018-2025,”Europe 900 series cooking equipment market size was $51.34 million in 2017, and is projected to reach $59.15 million by 2025, registering a CAGR of 1.7% from 2018 to 2025. In 2017, the base unit ovens segment accounted for approximately 20.5% share in the 900 series cooking equipment market, and is projected to grow at the highest CAGR of 2.5%.

Regional Outlook Of Europe 900 Series Cooking Equipment Market 2025 :-

UK dominated the overall market in terms of revenue, and is expected to maintain its dominant position throughout the 900 series cooking equipment market analysis period, growing at a CAGR of 2.3%. This is attributed to high adoption of advanced technology and rise in demand for ready-to-eat food in the market. However, Germany 900 series cooking equipment market is anticipated to grow at the highest CAGR of 2.0%.

Request For Sample :- https://www.alliedmarketresearch.com/request-sample/5309

Driving growth of Europe 900 Series Cooking Equipment Market -2025 :-

Development of the hospitality industry is anticipated to drive Europe 900 series cooking equipment market growth. Moreover, rise in business related travel, surge in urban population, and increase in number of food joints such as hotels and restaurants fuel the growth of the hospitality industry, thereby driving the growth of the market. Moreover, changes in trends of food consumption and growth in need to reduce food wastage have led to the development of innovative kitchen equipment. These factors altogether are anticipated to drive market growth during Europe 900 series cooking equipment market forecast period.

Continuous developments in food industry and favorable government regulations to promote the production of eco-friendly and advanced equipment are expected to open new avenues for the cooking equipment manufacturers. However, volatile prices of raw materials and higher installation cost of equipment is anticipated to limit their adoption. A key market trend that is anticipated to gain traction in Europe 900 series cooking equipment market is the growth in demand for certified equipment.


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