The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Maldives Kitchen Equipment Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Maldives Kitchen Equipment Industry (2023-2028):
According to the latest report, TheMaldives Kitchen Equipment Market is projected to grow at a CAGR of around 5.2% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Maldives Kitchen Equipment industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2023-28
- CAGR (2023-2028): 5.2%
What are the major Driver the Maldives Kitchen Equipment industry?
Thriving Tourism Industry Necessitating More Restaurants, Cafes, And Food Establishments – The kitchen equipment industry in Maldives has experienced significant growth and development in recent years, driven by the country’s thriving tourism sector, followed by soaring demand for high-quality kitchen appliances. The Maldives is renowned for its luxury resorts and hotels, attracting a steady stream of international visitors seeking a memorable culinary experience. For example, in 2022, the arrival of 1,675,294 tourists was recorded in Maldives, up by 26.7% from 2021.
The market is dominated by an extensive presence of equipment suppliers, both local and international. These suppliers offer diverse products, including commercial-grade stoves, ovens, refrigerators, dishwashers, and other essential kitchen appliances. The increasing number of restaurants, cafes, and food establishments nationwide has further fueled the demand for kitchen equipment.
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Maldives Kitchen Equipment Market Segmentation
The Maldives Kitchen Equipment Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Refrigerators – Market Size & Forecast 2018-2028, (USD Million)
- Ovens- Market Size & Forecast 2018-2028, (USD Million)
- Cooking Appliances- Market Size & Forecast 2018-2028, (USD Million)
- Dishwashers- Market Size & Forecast 2018-2028, (USD Million)
- Cooktops and Cooking Ranges- Market Size & Forecast 2018-2028, (USD Million)
- Others- Market Size & Forecast 2018-2028, (USD Million)
- By Application
- Quick Service Restaurant (QSR) – Market Size & Forecast 2018-2028, (USD Million)
- Railway Dining- Market Size & Forecast 2018-2028, (USD Million)
- Institutional Canteen- Market Size & Forecast 2018-2028, (USD Million)
- Resort and Hotel- Market Size & Forecast 2018-2028, (USD Million)
- Hospital- Market Size & Forecast 2018-2028, (USD Million)
- Full-Service Restaurant (FSR) – Market Size & Forecast 2018-2028, (USD Million)
- Others- Market Size & Forecast 2018-2028, (USD Million)
- By Distribution Channel
- Online Stores- Market Size & Forecast 2018-2028, (USD Million)
- Offline Stores- Market Size & Forecast 2018-2028, (USD Million)
- By Region
- North
- South
- Central
As per the regional aspect, the Maldives Kitchen Equipment Market is expected to be dominated by Maldives by capturing the potential market share.
Explore further details about this research report – https://www.marknteladvisors.com/research-library/maldives-kitchen-equipment-market.html
Top Companies in the Maldives Kitchen Equipment Market
Bosch, Dacor Inc, LG Corporation, Maxsun, Mayer, Midea, Morphy Richards, Panasonic Corporation, Samsung Electronics, Others
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