LONDON–(BUSINESS WIRE)–Technavio has been monitoring the commercial soft-serve machines market, operating under the industrial sector. The latest report on commercial soft-serve machines market, 2020-2024 estimates it to register an incremental growth of $ 142.64 mn, at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Ali Group Srl, BRAVO Spa, Gram Equipment AS, Huangshi Dongbei Refrigeration Co. Ltd., SANISERV, Shenzhen Oceanpower Food Equipment Tech Co. Ltd., Spaceman Ice Systems Co. Ltd., Stoelting Foodservice Equipment, Taylor Co., and Tetra Laval International SA are among some of the major market participants.
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Growing inclination toward frozen yogurts has been instrumental in driving the growth of the market. However, the growing market for pre-used commercial soft-serve machines might hamper market growth.
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Commercial Soft-Serve Machines Market 2020-2024: Segmentation
Commercial Soft-Serve Machines Market is segmented as below:
Based on geographic segmentation, over 33% of the market’s growth originated from APAC during the forecast period. In addition, floor standing segment led the growth under the type segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial soft-serve machines market size.
- Floor Standing
- North America
- South America
Commercial Soft-Serve Machines Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The commercial soft-serve machines market report covers the following areas:
- Commercial Soft-Serve Machines Market Size
- Commercial Soft-Serve Machines Market Trends
- Commercial Soft-Serve Machines Market Industry Analysis
This study identifies the Availability of commercial soft-serve machines with improved features as one of the prime reasons driving the Commercial Soft-Serve Machines Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Commercial Soft-Serve Machines Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist commercial soft-serve machines market growth during the next five years
- Estimation of the commercial soft-serve machines market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the commercial soft-serve machines market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of commercial soft-serve machines market, vendors
Table of Contents:
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers