Global Commercial Beverage Dispensers Market 2017-2021
About Commercial Beverage Dispensers
Commercial beverage dispensers refer to containers that keep beverages fresh for a long period of time. This equipment also allows beverages to be dispensed in prescribed amounts and is mainly used by foodservice establishments such as hotels, restaurants, catering companies, clubs, and pubs.
Technavio’s analysts forecast the global commercial beverage dispensers market to grow at a CAGR of 3.20% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial beverage dispensers market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of new units of commercial beverage dispensers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Beverage Dispensers Market 2017-2021
Technavio recognizes the following companies as the key players in the global commercial beverage dispensers market: Lancer, Cal-Mil, Grindmaster-Cecilware, Cambro, and BUNN.
Other Prominent Vendors in the market are: Avantco Equipment, Carlisle, Cornelius, Middleby Celfrost, Omcan, Omega Products, Professional Beverage Systems, TableCraft, Vollrath, and Wells, Bloomfield
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing preference for beverage dispensers with polycarbonate containers. Polycarbonate plastics are available in a variety of colors for commercial use. Like glasses, they allow the transmission of light. The polycarbonate material has a high heat resistant capacity. This makes them suitable for use in commercial beverage dispensers. The use of polycarbonate containers is expected to reduce the chance of breakage of the containers compared with other components. The use of polycarbonate containers in commercial beverage dispensers gives customers a clear view of the contents inside.”
According to the report, one of the major drivers for this market is growing preference for commercial beverage dispensers with improved features. Improved features in commercial beverage dispensers are expected to help attract new customers. These include attractive designs, features that reduce electricity consumption, and increase the convenience of customers leading to operational efficiency. For instance, Lancer offers this feature in its IBD4500 model, which comes with an ice storing capability that can be altered based on customer specifications.
Further, the report states that one of the major factors hindering the growth of this market is volatility in raw material prices. The vendors of commercial beverage dispensers mainly use stainless steel, plastic, glasses, acrylic, and bamboo for manufacturing beverage dispensers. The price changes of these raw materials can affect the global commercial beverage dispensers market.
Lancer, Cal-Mil, Grindmaster-Cecilware, Cambro, BUNN, Avantco Equipment, Carlisle, Cornelius, Middleby Celfrost, Omcan, Omega Products, Professional Beverage Systems, TableCraft, Vollrath, and Wells, Bloomfield
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