Global Commercial Conveyor Toaster Market 2018-2022
About Commercial Conveyor Toaster
A commercial conveyor toaster is an appliance that uses a conveyor belt for passing food items such as bread slices, bagels, buns, and muffins through a heating chamber or heated platens for toasting. The conveyor belt is either horizontally aligned or vertically aligned.
Technavio’s analysts forecast the global commercial conveyor toaster market to grow at a CAGR of 8.02% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial conveyor toaster market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Conveyor Toaster Market 2018-2022
Technavio recognizes the following companies as the key players in the global commercial conveyor toaster market: Antunes, APW Wyott, Dualit, Hatco, Star Manufacturing, and Waring.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in offerings of equipment with better features. With the growing demand for commercial cooking equipment with advanced features, cooking equipment manufacturers are focusing on investing in technological advancements such as touchscreen and USB in commercial toasters.”
According to the report, one driver in the market is increase in demand for energy-efficient equipment. End users focus on limiting operating costs. Minimum operating costs means higher profit in business. Energy consumption is one of the cost elements that have to be considered by end-users.
Further, the report states that one challenge in the market is prevailing market for pre-used commercial conveyor toasters. Many end-users especially small to medium-sized end-users, mainly focus on limiting investment and operating cost to increase their profit margins. Generally, used equipment costs 30% to 70% less than brand new equipment.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook