Surge in number of luxury hotels, increase in hospitality sector, and diversification in culinary activities drive the growth of the global bespoke units market
PORTLAND, Oregon, Aug. 12, 2019 /PRNewswire/ -- Allied Market Research published a report, titled, "Bespoke Units Market by End User (High Production Kitchen, Starred Restaurants, Commercial Bars & Restaurants, and Premium Cafés): 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.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5344
Starred restaurants segment to continue its leadership status by 2025
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.
France to maintain its dominant position throughout the forecast period
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.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/5344
Torchbearers of the market
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.
Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree
Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.
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.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
SOURCE Allied Market Research