“Report on the kitchen equipment market in France and forecast 2021-2026”
The French kitchen equipment market will be driven by the increasing prevalence of quick service restaurants during the forecast period 2021-2026
New Expert Market Research report titled “France Cooking Equipment Market Report and Forecast 2021-2026”, gives an in-depth analysis of the French kitchen equipment market, assessing the market on the basis of its end use, size of the market. equipment and type of level. The report follows the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators while analyzing the market based on Porter’s SWOT and Five Forces models.
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The main highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): USD 61 million
- Forecast CAGR (2021-2026): 9%
The flourishing restaurant and food and beverage industry in France is propelling the development of the French cooking equipment market. The hectic lifestyles of consumers, combined with a shift in their food preferences, has caused an increase in the consumption of ready-to-eat meals. In addition, the increase in the number of restaurants and hotels due to rapid globalization and urbanization is expected to fuel the growth of the commercial cooking equipment market. In addition, the increase in disposable income, the increase in the percentage of working women and increased digitization have resulted in an increase in the number of fast food restaurants, shops and other facilities. However, the high volatility of raw material prices and increasing equipment installation costs could hamper the growth of the industry.
Definition of the industry and main segments
Kitchen equipment refers to the equipment used in restaurants, hotels and fast food establishments, which makes it even easier to prepare and store food.
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Based on the size of the equipment, the market is divided into:
- 700 series
- 800 series
- 900 series
On the basis of end use, the industry is segmented into:
- Full service restaurants
- Institutional canteens
- Hotels and resorts
- Quick service restaurants
Depending on the type of level, the market can be categorized as follows:
- Entry level (600-700)
- Intermediate level (700-800)
- High level (800-900)
The growing preference of people for modular kitchens, along with the growing demand for attractive and innovative kitchen appliances, are expected to drive the market growth during the forecast period. The arrival of new appliances for simple and practical cooking is also expected to attract a large number of consumers in the years to come. The increasing number of market opportunities brings many new players to join the industry and increase their market penetration. The major players in the kitchen equipment market are exploring the potential of new products and innovations, which increases the competition among the players.
Key market players
The main players in the market are Capic Sas, France Kitchen, Bonnet International, Sofinor, Meilleur du Chef, Tournus Equipement, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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