Commercial Kitchen Equipment Market Trends and Driver Forecast to 2025

4^th September 2019 – Commercial Kitchen Equipment Market is anticipated to reach USD 112.47 billion by 2025. Commercial cooking equipment are an important part of food processing & service industry. This equipment is commonly used in hotels, restaurants, and the other commercial kitchens for ease in food preparation, and reduction in labor & operational cost and rising concerns regarding food safety will boost the commercial kitchen equipment industry growth in the years to come. Increase in disposable income is bound to boost the market growth.

On the other hand, there are factors that may hamper the growth of the commercial kitchen appliances market such as volatile prices of raw material, and high cost of initial investment in with regards to the production plant. The market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Commercial kitchen equipment industry may be explored by type, end user, and geography. The market may be explored by type as Char Broilers/Broilers/Griddles/Grills, Braising Pans/Tilting Skillets, Cook-chill Systems, Steamers, Fryers, Ovens, Ranges, Cookers, Kettles, and Others. The “Cookers” segment dominated the commercial kitchen equipment market in 2016 and is anticipated to maintain its dominance by 2025 owing to utilization of cookers by several catering companies, end-users, hotels, and restaurants.

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Commercial kitchen appliances industry may be explored by end user as Fast Food Chain (FFC), Café & Bar, QSR, Railway Dining, Institutional Canteen, Ferry & Cruise, Resort & Hotel, Hospital, FSR, and Others. The “QSR” segment dominated the market in 2016 and is anticipated to maintain its dominance by 2025. The QSR segment is anticipated to grow at the highest CAGR of 7.5% over the forthcoming period.

North America accounted for the major share of the commercial kitchen equipment market size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include surge in the number of fast food outlets due to hectic & busy lifestyle, rise in eating out expenditure, and increase in the number of working women. North America is followed by Europe and Asia-Pacific.

Some of the key players that fuel the growth of the commercial kitchen equipment industry comprise Hamilton Beach, Hobart, Carrier Corporation, Middle by Corporation Company, True Manufacturing, The Vollrath Company, LLC, and AIHO Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Luxury Hotel Market Benefits, Business Opportunities and Future Scope Till 2025

8^th Aug 2019 – The global luxury hotel market size is predicted to value at USD 115.80 billion by 2025. The market is subject to undergo a substantial growth due to the rising personal expenditure in both developed and developing countries, growing preference towards international and local tourism, and numerous initiatives and advertisement by regional government to promote tourism.

Globally, the luxury hotel market is predicted to grow at CAGR of 4.3% in forecast period, providing numerous opportunity to the market players for further investment to upgrade the existing services offered by luxury hotels.

Organizing sporting events such as Olympics, world cups and commonwealth games by local governments tends to attract large audience, is one of the key factor escalating growth of the industry. Other factors responsible for driving consumers towards luxury hotels are growing number of musical concerts, travelling spectators for the sports tournaments and business meetings; thus leading to expansion of the luxury hotel industry in recent years.

With the rising investment by leading industry players to establish luxury hotel chains, need for high-class accommodations for corporate events, and holiday trips is further propelling growth of the market.

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Increasing number of travelers are opting for luxurious holiday packages that includes required comfort features and finest quality of services, while cost associated with such packages have become a secondary consideration. Many organizations are opting for necessary modification and upgradation in the services and infrastructure to provide full-filling experience to the customers, and to sustain themselves in the vast competitive market. Formulating various methodologies to engage and maintain customer relations by offering the high degree of hospitality is one of the key factors driving the market growth.

The luxury hotel sector truly sets itself apart from rest of the lodging industry sectors by providing world-class services to customers in return. The adoption of latest technologies such as IoT for betterment of opulent facilities and top-line catering services are some of the modern feature affixed in the luxury hotel industry segment in recent years. Luxury hotels are considered as one of the most impulsive industry in the market, for instance, thriving in the economical good times while suffering from heavy losses during financial downturn. Due to which, it has become extremely important to identify latest trends and market potential, while modifying or constantly changing the services accordingly. In near future, it is predicted that the luxury hotel market segment is likely to witness expeditious expansions in the general hospitality industry.

The luxury hotels not only offers customers the world-class services but also feature finest quality of infrastructure to provide an astonishing outlook to the hotel. The infrastructural luxury packages involving the premium quality marble or granite flooring and countertops, adoption of sub-zero appliances, and range of handpicked hard-wood flooring are some of the stand out feature of luxury hotels. As growing number of countries across the globe are relying on the international tourism to generate revenue and maximize GDP growth, thus leading to market growth over the forecast period.

The luxury hotel market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to increasing upgradation in existing services offered by luxury hotels and existence leading industry players. Asia-Pacific region is predicted to hold major market share in the luxury hotel industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with increase in number of the travelers each year and rise in the investment by leading industry players due to potential market opportunities.

European region has also shown significant growth in the luxury hotel industry during recent years owing to the large number of initiatives undertaken by local governments to promote tourism in the region. The key players in the market are Marriott Incorporations, Shangri-La International Limited, InterContinental Hotels Group, Accor Hotels Inc., Taj Hotels, and Four Seasons Hotels Ltd.

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Hair Care Market Share, Emerging Trends, Analysis and Forecasts 2025

2^nd Aug 2019 – The global hair care market is estimated to value at USD 211.1 Billion by 2025 and is expected to continue growing at a higher rate during the forecast period. Rise in demand for hair color products, rise in aging population coupled with increasing air pollution are expected to contribute to the market growth in the forecast period. Rise in hair problems and growing need for natural products are likely to contribute to the market growth in the forecast period. Enlarging opportunities coupled with technological innovation and rising need for professional hair services propel the market growth in the forecast period. Overall, the hair care market is expected to witness a CAGR of 3.1% during the forecast period.

Hair cosmetics can be categorized into two broad categories, namely cosmetic colors and permanent colors. Cosmetic colors have temporary effect on hair whereas permanent colors such as permanent waxes, bleaches, and relaxers have a permanent effect on hair. The end-result is to reduce the hair abnormalities. From the medical perspective, hair cosmetics cater to scalp treatments according to diversity of hair types and ethnicity.

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Hair conditioners are also used for hair color preservation to enhance its smoothness and strength. Typical ingredients of conditioners include cationic surfactants, propyltrimonium, and stearamidopropyl dimethylamine. Other conditioner components include fatty alcohols, wax, guar gums, and emulsifiers such as ethoxylated alcohols. Instant hair conditioners, as the name suggests, are applied immediately to stay in hair for a specific time.

The hair care market is segmented into type, product, and geography. “Type” category is segmented into services and products. “Services” category will account for a significant share in the forecast period. “Product” segment is anticipated to rise at a staggering CAGR in the coming years owing to rise in consumer spending and expansion of salon services to accelerate the product demand. Product category further includes shampoo, conditioning, color, soil, and styling products.

Geographic segmentation for hair care market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. North American hair care market is expected to account for a significant market share in the forecast period. Factors such as presence of small and large MNCs emphasizing on quality hair care products are fueling the customer base. Subsequently, rise in annual expenditure on hairstyle products is expected to bolster the regional growth.

Asia-Pacific’s market growth accounts for a significant growth in the forecast period with India and China being the largest manufacturers of hair care products. Rise in expansion of international brands in the APAC sector is expected to fuel the market demand in these regions.

The key players in the hair care industry include L’Oréal, P&G, Kao Corporation, Hindustan Unilever Ltd, Henkel Corporation, Marico Limited, Aveda Corporation, Combe Inc, and Johnson & Johnson. Prominent players are entering into collaborations and partnerships to enhance their market share.

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