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Industrial bakery processing equipment market size to grow by USD 3,315.12 million between 2022 and 2027; North America to account for 31% of the market growth - Technavio


NEW YORK, March 21, 2023 /PRNewswire/ -- The industrial bakery processing equipment market size is estimated to grow by USD 3,315.12 million between 2022 and 2027, accelerating at a CAGR of 6.84% during the forecast period. North America will account for 31% of the market growth during the forecast period. The growth of the segment is driven by the introduction of new food products due to changing consumer demands and the increasing complexity of the production of food products. Such factors will increase the market growth in this region during the forecast period. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) ? Request a report sample

Industrial bakery processing equipment market 2023-2027: Market Dynamics

Industrial bakery processing equipment market 2023-2027: Segmentation

The industrial bakery processing equipment market is segmented as below:

Based on the end-user, the market will witness significant growth in the bakery processing industry segment. The growth of the segment is driven by the introduction of new food products due to changing consumer demands and the increasing complexity of the production of food products. Moreover, such complexity of production is further increased by these recent product introductions, which are geared toward meeting the shifting consumer demand for taste, flavor, and nutrients. This is expected to increase demand for industrial bakery processing equipment, which can handle a range of materials and serve many purposes across the production line. Hence, such factors will positively affect the growth of the market segment during the forecast period.

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Industrial bakery processing equipment market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our industrial bakery processing equipment market report covers the following areas:

Industrial bakery processing equipment market 2023-2027: Vendor Analysis

We provide a detailed analysis of around 15 vendors operating in the power electronics market, including Ali Group Srl, Allied Bakery Equipment and Machine Co. Inc., ANKO Food Machine Co. Ltd., Buhler AG, Colom Bakery Equipment SL, Erika record LLC, FRITSCH Bakery Technologies GmbH and Co. KG, GEA Group AG, Gemini Bakery Equipment Co., Global Bakery Solutions Ltd., Heat and Control Inc., Industrial Bakery Line Srl, John Bean Technologies Corp., Koenig Maschinen GmbH, Markel Corp., Peerless Food Equipment, Rademaker BV, Schenck Process Holding GmbH, The Middleby Corp., and Wilkinson Baking Co.

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Industrial bakery processing equipment market 2023-2027: Key Highlights

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Industrial Bakery Processing Equipment Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.84%

Market growth 2023-2027

USD 3,315.12 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.6

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 31%

Key countries

US, China, Japan, Italy, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Ali Group Srl, Allied Bakery Equipment and Machine Co. Inc., ANKO Food Machine Co. Ltd., Buhler AG, Colom Bakery Equipment SL, Erika record LLC, FRITSCH Bakery Technologies GmbH and Co. KG, GEA Group AG, Gemini Bakery Equipment Co., Global Bakery Solutions Ltd., Heat and Control Inc., Industrial Bakery Line Srl, John Bean Technologies Corp., Koenig Maschinen GmbH, Markel Corp., Peerless Food Equipment, Rademaker BV, Schenck Process Holding GmbH, The Middleby Corp., and Wilkinson Baking Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse through Technavio's Industrials Market Reports

Table Of Contents :

1 Executive Summary

·  2 Market Landscape

·  3 Market Sizing

·  4 Historic Market Size

·  5 Five Forces Analysis

·  6 Market Segmentation by End-user

·  7 Market Segmentation by Product

·  8 Customer Landscape

·  9 Geographic Landscape

·  10 Drivers, Challenges, and Trends

·  11 Vendor Landscape

·  12 Vendor Analysis

·  13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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