Global Commercial Milkshake Machines Market 2017-2021
About Commercial Milkshake Machines
Commercial milkshake machines use a spindle, either one or multiple, and a cup, which is generally made of stainless steel, to mix various ingredients to prepare milkshakes. These machines can be operated manually or automatically, with timer functions to set the desired time duration. Besides making regular milkshakes, these machines can also be used for making frappe, smoothies, malted milkshakes and mixing hard ice cream, frozen yogurts, gelatos, frozen custards, and candy.
Technavio’s analysts forecast the global commercial milkshake machines market to grow at a CAGR of 7.45% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial milkshake machines market for 2017-2021. 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 Milkshake Machines Market 2017-2021
Technavio recognizes the following companies as the key players in the global commercial milkshake machines market: Electro Freeze, Hamilton Beach Brands, Vita-Mix, and Waring.
Other Prominent Vendors in the market are: Ceado, Federal Hospitality Equipment, Omega Products, Roband Australia, Rotor Lips, Royal Ice Technologies, Sammic, Santos, Semak Australia, and Sirman.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing preference for milkshake machines with maximum power and precision. Commercial milkshake machine vendors are enhancing the quality of milkshake machines by providing more power and higher efficiency to tackle competition, stimulate sales, and gain market share. For instance, Roband Australia provides powerful motors in its commercial milkshake machines. The motors have two-speed functions and can generate 13,000 RPM, along with separate two-speed on/off switch. The powerful motors allow the easy mixing of ingredients in the preparation of milkshakes.”
According to the report, one of the major drivers for this market is High profit margins from milkshakes. Milkshakes, on an average, account for profit margins in the range 50%-70%. The average selling price of a cup of milkshake with different ingredients such as milk, ice cream, syrups, sugar, cookies, nuts, chocolate, coffee, and others generally ranges from $2 to $5, while the cost of production is less than $1. For instance, Sonic banana milkshake and Wendy's chocolate frosty milkshake are priced less than $3, Five Guys malted vanilla milkshake and Chick-fil-A cookies and cream milkshake are priced around $4, and Smashburger salted caramel milkshake and Bobby's Burger Palace pistachio milkshake are priced around $5.
Further, the report states that one of the major factors hindering the growth of this market is High price of inputs. Aluminum and steel are among the main commodities that are used in manufacturing commercial milkshake machines. Since 2016, aluminum prices have been rising and trading at around $1,900 per million tons. Further, aluminum is expected to trade at above $2,000 per million tons by the end of 2018. Similarly, steel is trading at around $300 per million tons and is expected to trade at above $400 per million tons in 2018. Thus, during the forecast period, manufacturers of commercial milkshake machines may face pressure on margins due to the inflated cost of inputs, and to retain market share, they may not be able to pass on the inflated price to consumers.
Electro Freeze, Hamilton Beach Brands, Vita-Mix, Waring, Ceado, Federal Hospitality Equipment, Omega Products, Roband Australia, Rotor Lips, Royal Ice Technologies, Sammic, Santos, Semak Australia, and Sirman.