Global Commercial Electric Fryer Market to Exhibit 4.31% CAGR 2016-2020, Commercial Kitchen Renovations to Stoke Demand
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Kitchen renovations in restaurants and end users seeking more efficient frying technologies will be the two most important factors accelerating the growth of the global commercial electric fryers market, says a new report featured on MarketResearchReports.biz. The report is titled, “Global Commercial Electric Fryer Market 2016-2020.” Already, most leading companies in the fast food industry make use of electric fryers and this trend is now sweeping over small- and mid-sized restaurants as well.
The findings of the report show that the opportunity in the global commercial electric fryer market will expand at a steady 4.31% CAGR between 2016 and 2020, which is the forecast period of the report. The demand is currently the highest for commercial electric fryers that can offer the highest cost efficiency, the report finds. Trends such as these are expected to have a visible impact on the direction that the global commercial electric fryers market takes in the coming years.
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Since the sales of fried foods comprise an appreciable portion of all items sold at quick service restaurants, restaurant managers are highly concerned about the maintenance costs associated with commercial electric fryers. Thus, options with lower operating and maintenance costs are expected to fare well in terms of unit sales, the report states. However, the trend of consumers purchasing refurbished or used commercial electric fryers is eroding the profits of manufacturers. This challenge can be only overcome by introducing aggressively priced products that can compete on price with used products.
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With a more clear idea about how restaurant operations are changing, manufacturers of commercial electric fryers are now able to offer products with a more refined suite of features. A number of commercial air fryers now available on the market, for instance, come with features such as basket lifts, programmable control units, and inbuilt filtration systems. Products that offer enhanced value to users will gain favor among users, says the report.
An external trend that is also proving to be extremely crucial for manufacturers of commercial electric fryers is the fact that ventilation designs are being constantly tweaked for improvement. Commercial kitchen ventilation systems are receiving a greater focus now than ever before and manufacturers of commercial electric fryers can benefit immensely by launching products that are compatible with these changing trends.
This report covers the commercial electric fryer market in North America, Asia Pacific, Europe, and Rest of the World. The key vendors studied in this report include Pitco, Frymaster, Ultrafryer Systems, Imperial Commercial Cooking Equipment, and others.
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