Portland, OR, Oct. 25, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, The global commercial undercounter dishwasher market generated $286.40 billion in 2020, and is expected to reach $407.27 billion by 2030, witnessing a CAGR of 3.8% from 2021 to 2030.The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Rise in popularity of dining-out culture, increase innumber of small-sized foodservice entities, and expansion of the food-service industry in emerging countries drive the growth of the global commercial undercounter dishwasher market. However, long replacement cycles and high cost of investment restrain the market growth. On the other hand, penetration of robotics and artificial intelligence-guided dishwashers and advent of smart dishwashers present new opportunities in the coming years.
Covid-19 Scenario:
- Manufacturing activities of commercial undercounter dishwashersstopped due to lockdown measures implemented in many countries. Moreover, disruptions in the supply chain and shortage of raw materials presented new challenges in continuing manufacturing with full capacity.
- Owing to closure of restaurants, hotels, and others during the lockdown, the demand for commercial undercounter dishwashers reduced considerably. However, the demand is expected to increase as lockdown restrictions are put off.
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The report offers detailed segmentation of the global commercial undercounter dishwasher market based onproduct, end user, distribution channel, and region.
Based on product,the low-temperature segment accounted for the highest share in 2020, holding around two-thirds of the total share, and is expected to maintain its leadership status during the forecast period. However, the high-temperature segment is projected to portray the fastest CAGR of 4.1% from 2021 to 2030.
Based on end user, the restaurants segment contributed to the largest share in 2020, accounting for more than half of the total share of the global commercial undercounter dishwasher market, and is estimated to continue its lead position during the forecast period. However, the hotels segment is expected to generate the highest CAGR of 4.2% from 2021 to 2030.
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Based on region, Europe held the highest share in 2020, contributing to more than two-fifths of the total market share, and is projected to maintain its dominant share by 2030. However, Asia-Pacific is estimated to manifest the fastest CAGR of 4.8% during the forecast period.
Leading players of the global commercial undercounter dishwasher market analyzed in the research includeAB Electrolux, CMA Dishmachine, Ali Group SRL, Illinois Tool Works, Inc., Fisher & Paykel Appliances, Inc., Jacksons WWS, Inc., JLA Ltd., the Clarke Associates Co., Miele &Cie KG, and Winterhalter Gastronom GmbH.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
