What is Bakery Tools Market?
The Bakery tools are the machines and the equipment that help the bakery industry to attain the particular task. The bakery tools are the most important equipments as it aids the making of bakery products easily. The market has witnessed a surge in demand for the tools by restaurants, home bakers, and bakeries. The impact of the process of automation and advanced robotics is growing the demand for the market for clean labels and organic products. The standard of living of individuals has increased and it has made bakery products a necessity. The market is primarily impacted by the technological innovations that the companies are engaged in in the launch of new processing techniques. The change in the consumer requirements is the second reason which is affecting the sales of the market. There is a lot of demand from the youngsters.
The market study is being classified by Type (Ovens, Mixers, Sheeter, Molders and Others), by Application (Residential Use and Commercial Use) and major geographies with country level break-up.
Ali Group (Italy), Bühler Holding AG (Switzerland), Baker Perkins Ltd (United Kingdom), GEA Group AG (Germany), Markel Corporation (United States), Middleby Corporation (United States), Key Technology (United States), Rheon Automatic Machinery (United States), JBT Corporation (United States) and Anko Food Machine Co., Ltd. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Heat & Control, Inc (United States) and Koenig Maschinen GmbH (Germany).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Bakery Tools market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Bakery Tools market by Type, Application and Region.
On the basis of geography, the market of Bakery Tools has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Energy and Labour Costs
- Rising Awareness Amongst Bakers Regarding the Operations of Upgraded Bakery Processing
- Increased Appetite for Convenience Food
- A Rise in Demand of Machines with Minimum Wastage of Food Ingredients
- Increasing Number of Bakery Schools
- Higher Demand for Organic and Healthier Food
- A Rise in Standard of Living
- Rising Energy Cost
- The Growing Raw Material Cost of Bakery Tools
- Demand for Advanced Automated Bakery Processing Machines
Market Leaders and some development strategies
In April 2019, JBT Corporation announced a definitive agreement for acquiring Proseal (U.K.) is a leading provider of Tray Sealing Technology. This acquisition of Proseal would act as a significant expansion of the JBT's capabilities by significantly adding to the end-of-line market position and by advancing the strategy of offering full-line customer solutions. and In August 2018, Key Technology, Inc., and Heat and Control Pty Ltd formed a strategic partnership in New Zealand, India, and Australia. This strategy of the partnership will help the company to strengthen its position in respective regions and enhance the customer base.
In October 2018, Rheon Automatic Machinery Co., Ltd. opened a new office in New Jersey. The new office is equipped with a huge laboratory with the key equipment for conducting tests to meet the customers requests. This would help in the expansion of the company.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Bakery Tools, Suppliers and Distributors of Bakery Tools, Venture Capitalists and Private Equity Firms and End-Use Industry
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