Global Commercial Drawer Warmer Market 2017-2021
About Commercial Drawer Warmer
Commercial drawer warmers are the electrical equipment used to warm pre-cooked food at safe temperatures while serving it to consumers. These warmers are broadly classified into floor standing and built-in models. The built-in models are also called countertop models as they may be used on the countertop. Built-in drawer warmers save space in the kitchen as they can be installed under workstation cabinets, where chefs can easily access the warmers. Premium hotels and fine dine restaurants primarily use built-in drawer warmers.
Technavio’s analysts forecast the global commercial drawer warmer market to grow at a CAGR of 5.67% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial drawer warmer market for 2017-2021. To calculate the market size, various end-users are considered, which includes restaurants (quick service restaurants, full-service restaurants, fast casual restaurants) and hotels, and bakeries and pizzerias, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Drawer Warmer Market 2017-2021
Technavio recognizes the following companies as the key players in the global commercial drawer warmer market: Alto-shaam, Hatco, Vulcan, and Wells, Bloomfield.
Other Prominent Vendors in the market are: APW Wyott, Archway Sheet Metal Works, Eagle Group, Lincat, Star Manufacturing International, Toastmaster, Winston Industries, and Wittco Food Service Equipment.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is reduced dependency on manual labor to warm food items. Foodservice establishments worldwide are planning to procure kitchen equipment that can reduce the need for manual labor and enhance ease of operation and multitasking. Commercial drawer warmers are becoming popular as they can accommodate different types of food items and heat them at various temperatures.”
According to the report, one driver in market is increase in number of bakeries and pizzerias. The increase in the number of foodservice outlets that use commercial drawer warmers to serve warm food items will lead to a rise in the demand for commercial drawer warmers during the forecast period. Drawer warmers are commonly used to warm bakery food items and pizzas. The pizza chains and bakeries worldwide are planning to invest more on commercial drawer warmers to expand their presence in domestic and foreign territories. For instance, Paris Baguette USA is planning to expand in the US. In 2016, the company announced plans to open more than 300 new bakery outlets by the end of 2020. Paris Baguette USA is opening its outlets in New York, California, New Jersey, and Pennsylvania. Bakeries use drawer warmers to serve warm croissants, pretzels, bread, bun, and bread rolls. They prepare these food items in advance and serve the customers warm when ordered.
Further, the report states that one challenges in market is demand for used commercial drawer warmers. Most premium foodservice establishments such as hotels, FSRs, QSRs, and catering companies prefer to use high-end commercial drawer warmers to serve warm bread, vegetables, and meat preparations. However, some of the independent foodservice establishments that do not have as much capital to invest prefer to invest lower amounts in commercial kitchen equipment to maximize their profit margins. These price-sensitive end-users focus on getting good quality commercial drawer warmers at a lower price, and many of them prefer second-hand or used equipment because of the low price associated with them. Online portals such as eBay, Machines4U, and Gumtree provide used equipment. While Hatco sells its HDW-3B drawer warmer model at $2,700, various online portals provide the used models of the warmer at around $800. Similarly, Toastmaster sells its commercial drawer warmer model 3B80A at a price of $2,100; however, used models of the warmer are offered at around $500.
Alto-shaam, Hatco, Vulcan, Wells, Bloomfield, APW Wyott, Archway Sheet Metal Works, Eagle Group, Lincat, Star Manufacturing International, Toastmaster, Winston Industries, and Wittco Food Service Equipment.
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