The market for portable buffets and drop-in ranges was valued at US$ 868.2 million in 2023, and from 2023 to 2033, it is anticipated to grow at a 6.5% CAGR. An estimated valuation of US$ 1,629.7 million is anticipated at the conclusion of the projected period.
Cooking appliances that are designed and built for comfort, functionality, and ease of use are in demand due to the continued popularity of home entertainment. Recent years have seen a steady increase in eating at home and socializing, creating a need for appliances that improve the kitchen’s design and allow for customized cooking options.
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As consumers seek to improve their physical and mental well-being by making home cooking more convenient, leading to the rise of guided cooking and different cooking modes has added to the growth of the market. Portable buffets and drop-in ranges are designed for frequent transportation and use, so it is important that they are durable enough to withstand frequent use. As a result, consumers want long-lasting products.
In response, manufacturers are turning to high-quality materials like stainless steel as well as features like shock-absorbing feet and reinforced corners to ensure that equipment can withstand wear and tear. Street food stalls and cloud kitchens led to the United States capturing the largest share of the market at 37.20% in 2022.
Mobile buffets and drop-in ranges are no exception to customers’ desire for products that can serve multiple functions. In recent models, cooking surfaces, such as griddles and charbroilers, are most preferred due to their ability to be easily adapted to menus and cooking requirements.
Key Takeaways from the Portable Buffet and Drop-In Ranges Market Study:
- Portable buffet and drop-in ranges are expected to grow at a compound annual growth rate of 6.10% between 2023 and 2032.
- Based on 2022 market projections, Japan held a market share of 4.90% in 2022.
- Portable buffet and drop-in ranges brought in the most revenue, which held a 2.90% share during the forecast period.
- The portable buffet and drop-in range market in the United Kingdom is expected to grow at a CAGR of 5.80%.
- India is projected to exhibit the fastest growth rate with a CAGR of 6.30% in the forecast period.
“The trend of growing parties, home events, and the demand for mobile kitchens will continue to take hold at a lucrative rate in years. As a consequence, automated and digital applications are becoming more prevalent in the market.” comments a Future Market Insights analyst.
Competitive Landscape
Future expansion of product lines, acquisitions, and mergers will make the market more competitive.
In February 2023, Credit Key, a fintech startup that enables businesses to buy now and pay later, announced signings from 119 merchants in 2022, which included Doosan, Dun & Bradstreet, Rocket Industrial, and WebstaurantStore. During 2021, Credit Key grew borrower volume over three times over the previous year.
- Avantco Equipment
- Vollrath
- Cadco, Ltd.
- Globe Food Equipment Company
- APW Wyott
- Hatco Corporation
- Nemco Food Equipment
- Warning Commercial
- Adcraft
- Fagor Commercial
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global portable buffet and drop-in ranges to market, presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of type (portable gas ranges, electric buffet ranges, drop-in ranges), by distribution channel (commercial, residential) by application (online retailers, specialty stores) and regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
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Key Segments Profiled in the Portable Buffet and Drop-in Ranges Market Industry Survey
Portable Buffet and Drop-in Ranges Market by Type:
- Portable Gas Ranges
- Electric Buffet Ranges
- Drop-In Ranges
Portable Buffet and Drop-in Ranges Market by Distribution Channel:
- Commercial
- Residential
Portable Buffet and Drop-in Ranges Market by Application:
- Online Retailers
- Specialty Stores
Portable Buffet and Drop-in Ranges Market by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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