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Bespoke Units Market is Expected to Grow High CAGR of 7.6% by 2025 | Key Players Molteni, Marrone, Maestro, and Athanor

03-18-2020 06:31 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Bespoke Units Market

Bespoke Units Market

"Bespoke Units Market by End User (High Production Kitchen, Starred Restaurants, Commercial Bars & Restaurants, and Premium Cafs): Opportunity Analysis and Industry Forecast, 2018-2025." According to the report, the global bespoke units market garnered $213.9 million in 2018, and is expected to reach $357.2 million in 2025, registering a CAGR of 7.6% from 2018 to 2025.

Surge in number of luxury hotels, increase in hospitality sector, and diversification in culinary activities drive the growth of the market. However, high cost of bespoke units restrains the market growth. On the other hand, technological advancements and effects of TVs & media create new opportunities in the industry.

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Based on end user, the starred restaurants segment accounted for the major market share in 2018, contributing more than two-fifths of the total share, and is estimated to continue its leadership status during the forecast period. This is due to high frequency in cross country travels and surge in disposable income of people. The premium cafes segment is expected to register the largest CAGR of 8.2% from 2018 to 2025. This is attributed to rise in affinity of consumers toward fast food and caffeinated drinks with changes in lifestyle.

On the basis of country, France contributed the major market share in 2018, accounting for nearly one-fifth of the total share. This region would to maintain its dominant position throughout the forecast period. This is due to cultural preferences for food and wine, increase in number of food outlets, and rise of the transport and hospitality industry. However, Iberia is expected to register the fastest growth rate with a CAGR of 9.0% from 2018 to 2025, owing to rise in demand for cooked food from restaurants, premium food outlets, canteen, and hotels along with utilization of bespoke units for raising visual appeal and efficiency.

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Leading market players analyzed in the report are Molteni, Marrone, Maestro, and Athanor. The report offers insights on key strategies, product portfolio, pain point analysis, and overview of these market players.

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Kitchen Appliances Market :

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About Us

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. 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.

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