Dublin, Oct. 26, 2020 (GLOBE NEWSWIRE) -- The "Commercial Kettles and Braising Pans - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 6th edition of this report. The 184-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Commercial Kettles and Braising Pans Market to Reach US$1.2 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Commercial Kettles and Braising Pans estimated at US$788.4 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at a CAGR of 6.6% over the period 2020-2027.
Commercial Kettles, one of the segments analyzed in the report, is projected to grow at a 6.5% CAGR to reach US$760.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial Braising Pans segment is readjusted to a revised 6.8% CAGR for the next 7-year period. This segment currently accounts for a 38.1% share of the global Commercial Kettles and Braising Pans market.
The U.S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 10.3% CAGR for the Period of 2020-2027
The Commercial Kettles and Braising Pans market in the U.S. is estimated at US$227.7 Million in the year 2020. The country currently accounts for a 28.89% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$232.9 Million in the year 2027 trailing a CAGR of 10.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR while Rest of European market (as defined in the study) will reach US$232.9 Million by the year 2027.
Competitors identified in this market include, among others:
MKN (Maschinenfabrik Kurt Neubauer GmbH & Co. KG)
Oztiryakiler Madeni Esya San. ve Tic. A. S
The Middleby Corporation
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Global Competitor Market Shares
Commercial Kettles and Braising Pans Competitor Market Share Scenario Worldwide (in %): 2018E
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Total Companies Profiled: 35
For more information about this report visit https://www.researchandmarkets.com/r/z3yvdx
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