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No Waste, More Sales
Sales of commercial kitchens in the DACH area will increase by 3.0% in 2019, reaching a volume of over € 1.6 billion. This is a continuation of the industry’s moderate growth in previous years. The average annual increase in sales will be 2.7% until 2022, as shown in a study by Interconnection Consulting. The main factor behind this growth is the increasing demand in the restaurant and tourism sector.
Frontrunner Germany
Germany is not only the largest market for commercial kitchens, but also the market with the biggest growth. In 2018, the increase was more than 4.0%, with the market volume exceeding € 1.1 billion. Growth in Austria and Switzerland was correspondingly more moderate and amounted to around 3.0%.
Zero Waste is Trendy
In terms of product groups, the cleaning segment (dishwashers, pots and utensils, cleaning systems, cutlery polishing machines, glasswashers, etc.) ranks first with a share of 41.3%. In second place, we have extraction hoods (25.5%) and then refrigerators, freezers and food dispensers. The biggest growth can be seen in the cooling segment. “Expert surveys showed that there is an increasing focus on cooling and service equipment, driven by the desire for a ‚zero-waste kitchen‘,”says Chems Joly, the author of the study. Restaurants are the largest customer of commercial kitchens with a share of 31.4%. Sales in this area will increase by 3.1% annually until 2022, as shown in the forecast by Interconnection Consulting. A similar increase in demand is expected in tourism.
Moderate Market Concentration
Although the sector is dominated by international suppliers such as Electrolux, Hobart, Hupfer or Ali Group, market concentration in the DACH region remains relatively low. The market concentration of the top 10 companies in Austria was 66.3%, and even less in Germany , at only 56.2%.
04/11/2019
Copyright: Interconnection, Publication free of charge for coverage regarding the study and InterConnection Consulting.
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