Product Code: ETC005930 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Vietnam Commercial Cooking Equipment market currently, in 2023, has witnessed an HHI of 1548, Which has increased slightly as compared to the HHI of 1287 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Vietnam Commercial Cooking Equipment Market refers to the segment of the foodservice industry that involves the production, distribution, and use of cooking equipment for commercial establishments, such as restaurants, hotels, cafes, and catering services.
Vietnam foodservice industry has been experiencing rapid growth, driven by a rising middle-class population, urbanization, and changing consumer lifestyles. This growth fuels the demand for commercial cooking equipment. As Vietnam hospitality and tourism sectors continue to expand, there is an increased demand for food preparation equipment in hotels, resorts, and other accommodation facilities. The country`s diverse culinary scene, including street food culture and local cuisines, has led to a demand for various types of commercial cooking equipment to cater to different cooking styles. As foodservice businesses seek to modernize their kitchens and improve efficiency, they invest in advanced and high-quality commercial cooking equipment.
Cost considerations can be a challenge for some foodservice businesses, especially smaller establishments, which may delay or limit investments in new commercial cooking equipment. The market may face competition from imported cooking equipment, and price sensitivity among customers can impact sales for certain segments.The shortage of skilled labor in the foodservice industry might affect the proper use and maintenance of advanced commercial cooking equipment.
Middleby Corporation, Rational AG, Ali Group S.p.A., Electrolux AB, ITW Food Equipment Group, Hoshizaki Corporation, True Manufacturing Co., Inc., and Manitowoc Foodservice Companies, Inc are some popular market players.
The COVID-19 pandemic likely had several impacts on the Vietnam Commercial Cooking Equipment Market. The foodservice industry faced significant disruptions due to lockdowns and restrictions on dine-in services, leading to reduced investments in new cooking equipment during the pandemic.However, with the easing of restrictions and the gradual recovery of the foodservice sector, there may have been an increased demand for modern and efficient cooking equipment as businesses sought to improve their operations and adapt to changing consumer preferences.The extent of the Covid-19 impact on the Vietnam Commercial Cooking Equipment Market would have depended on various factors, including the duration and severity of the pandemic, government responses, and changes in consumer behavior.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Commercial Cooking Equipment Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Commercial Cooking Equipment Market Revenues & Volume, 2020 & 2030F |
3.3 Vietnam Commercial Cooking Equipment Market - Industry Life Cycle |
3.4 Vietnam Commercial Cooking Equipment Market - Porter's Five Forces |
3.5 Vietnam Commercial Cooking Equipment Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Vietnam Commercial Cooking Equipment Market Revenues & Volume Share, By End-User, 2020 & 2030F |
4 Vietnam Commercial Cooking Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Commercial Cooking Equipment Market Trends |
6 Vietnam Commercial Cooking Equipment Market, By Types |
6.1 Vietnam Commercial Cooking Equipment Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Commercial Cooking Equipment Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 Vietnam Commercial Cooking Equipment Market Revenues & Volume, By Fryers, 2020-2030F |
6.1.4 Vietnam Commercial Cooking Equipment Market Revenues & Volume, By Ovens, 2020-2030F |
6.1.5 Vietnam Commercial Cooking Equipment Market Revenues & Volume, By Cookers, 2020-2030F |
6.1.6 Vietnam Commercial Cooking Equipment Market Revenues & Volume, By Kettles, 2020-2030F |
6.1.7 Vietnam Commercial Cooking Equipment Market Revenues & Volume, By Steamers, 2020-2030F |
6.1.8 Vietnam Commercial Cooking Equipment Market Revenues & Volume, By Cook-Chill Systems, 2020-2030F |
6.1.9 Vietnam Commercial Cooking Equipment Market Revenues & Volume, By Others, 2020-2030F |
6.1.10 Vietnam Commercial Cooking Equipment Market Revenues & Volume, By Others, 2020-2030F |
6.2 Vietnam Commercial Cooking Equipment Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Commercial Cooking Equipment Market Revenues & Volume, By Full Service Restaurant & Hotels, 2020-2030F |
6.2.3 Vietnam Commercial Cooking Equipment Market Revenues & Volume, By Catering Service, 2020-2030F |
6.2.4 Vietnam Commercial Cooking Equipment Market Revenues & Volume, By Quick Service, 2020-2030F |
6.2.5 Vietnam Commercial Cooking Equipment Market Revenues & Volume, By Others, 2020-2030F |
7 Vietnam Commercial Cooking Equipment Market Import-Export Trade Statistics |
7.1 Vietnam Commercial Cooking Equipment Market Export to Major Countries |
7.2 Vietnam Commercial Cooking Equipment Market Imports from Major Countries |
8 Vietnam Commercial Cooking Equipment Market Key Performance Indicators |
9 Vietnam Commercial Cooking Equipment Market - Opportunity Assessment |
9.1 Vietnam Commercial Cooking Equipment Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Vietnam Commercial Cooking Equipment Market Opportunity Assessment, By End-User, 2020 & 2030F |
10 Vietnam Commercial Cooking Equipment Market - Competitive Landscape |
10.1 Vietnam Commercial Cooking Equipment Market Revenue Share, By Companies, 2023 |
10.2 Vietnam Commercial Cooking Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |