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Bespoke Units Market Overview
Bespoke Units market size was valued at $789 million in 2020, and is poised to reach $998 million by the end of 2026 growing at a CAGR of 8.2% during the forecast period 2021-2026. The industry growth rate of the bespoke unit can be attributed to the diversification of culinary operations, such as the introduction of different types of cooking equipment as a result of increased technological advancement, which is expected to bring new opportunities. Bespoke units are a type of equipment that can be tailored to meet a customer's specific needs or specifications such units includes lounge cabinet, fitted wardrobes, etc. Customization range from color to complete overhauls of the unit's architecture, including measurements, decals, and detailing. Bespoke units are not only more aesthetically appealing, but they are also more practical as they are tailored for the consumers. Many Manufacturers provide floating shelves with invisible hooks. Furthermore, the growth of the bespoke unit market is fueled by an increase in the number of high-end restaurants, starred hotels, and large canteens. In addition, diversification in culinary practices, such as the use of various types of cooking equipment, has aided the growth of the bespoke units industry. Furthermore, the increasing demand from skilled chefs for ergonomic kitchen setup, as well as the trend of providing open kitchens in food establishments, all contribute to the growth of the bespoke units market. However, the market's growth is stifled by high installation costs, which attract only a small number of customers.
Report Coverage
The report: “Bespoke Units Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Bespoke Units Market:
By Product Type: Design, Construction and Market.
By End-Users: High Production Kitchen, Starred Restaurants, Commercial Bars & Restaurants, Premium Cafes and Others.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan, India, South Korea, Australia and Others), South America(Brazil, Argentina and Others) and RoW (Middle East and Africa).
Key Takeaways
- Europe dominated the Bespoke Units market with a share of 35.60% in the year 2020.
- The factors such as rising number of the starred restaurants, large eateries, luxury food outlets, and huge canteens are amongst the major factor projected to impel growth of Bespoke Units market.
- Additionally, factors such as wide-ranging application of the bespoke units in the restaurants, commercial kitchens, hotels, and canteens are to create opportunities paving a way for the growth in the market during forecast period 2021-2026.
Global Bespoke Units Market, By End-Users 2020(%)
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Bespoke Units Market Segment Analysis - By End Users
On the basis of end users, starred restaurants segment accounted for the largest segmental revenue of the bespoke units market in 2020. The large share can be attributed to the Rise in disposable income among people and frequent travels have been the major driver for the starred restaurants category in the end user segment of the bespoke units market. On the other hand, high premium café segment is projected to dominate over the forecast period 2021-2026 with a CAGR of 8.5%. Owing to the fact that high-end cafés have become increasingly popular as a result of globalization, the high-end café is expected to rise at a healthy rate. As people's schedules have become more hectic, their reliance on fast food has increased significantly. The rise in customer preference for fast food for nutrition is driving the demand for this category in the end user segment of the bespoke units market.
Bespoke Units Market Segment Analysis - By Geography
Europe is the major region dominating the Bespoke Units market with a market share of 35.60% in the year 2020. This can be attributed to Europe being one of the major tourist attractions with an established food and hospitality industry. Over the last few years, the number of quick-service restaurants, premium full-service restaurants, cafés, luxury hotels, and canteens has increased significantly. Additionally, hospitality in European countries is consolidating its ownership and corporate structure. And with international travels, the demand for luxury hotels has grown substantially. Furthermore, the demand for personalized food equipment by chefs in large hotels, restaurants, and canteens is driving the Europe units market.
However, Middle East is projected to be the significant-growing market during the forecast period 2021-2026 owing to Middle East becoming a regional trading and tourism hub over the years. This regional units market has rapidly expanding tourism and strong consumer demand for eating out. Furthermore, the demand for diversified and innovative cuisines has increased over the years owing to increased frequency of international travel in the country. The market for this area is being driven by an increase in the number of food chains and starred hotels, which demand specialized equipment from skilled chefs.
Bespoke Units Market Drivers
Rising Number of Large Food Joints to Fuel Demand
The Bespoke Units market is poised to receive upswing owing to rising number of large eateries, starred restaurants, luxury food outlets, and huge canteens. The market for bespoke units is being fueled by the diversity of culinary activities around the world. Besides, product innovations, in terms of designs, and technological advancements, such as the use of smartphones to control the temperature of oven, and the application of appropriate marketing techniques will create lucrative growth opportunities for this market during the forecast period 2021-2026.
Bespoke Units Market Challenges
Inflated Cost And Preferable Alternative
Despite a variety of factors, one of the most significant roadblocks is the high cost of installing bespoke units, which attracts a small number of customers. However, the popularity of cooking shows and celebrity chefs has transformed the conventional view of the kitchen into an entertainment hub, as open plan kitchens have given way to kitchens that are not only practical but also aesthetically appealing, and as a result, are being designed and launched to meet such challenges, resulting in market development.
Bespoke Units Market Landscape
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Bespoke Units Market. In 2020, Bespoke Units market share is fragmented by the top ten players present in the market. The Bespoke Units market top companies are Molteni, Marrone, Maestro, Athanor and others.
Relevant Reports:
Report Code: ESR 0305
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1. Bespoke Units Market - Overview
1.1 Definitions and Scope
2. Bespoke Units Market - Executive Summary
2.1 Market Revenue and Key Trends by Company
2.2 Key trends by Product Type
2.3 Key trends by End Users
2.4 Key trends by Geography
3. Bespoke Units Market – Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis – Key Companies
3.5 Pricing Analysis
4. Bespoke Units Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Bespoke Units Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Bespoke Units Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Bespoke Units Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Bespoke Units Market - By Product Type (Market Size –$Million/$Billion)
8.1 Design
8.2 Construction
8.3 Market
9. Bespoke Units Market - By End-Users (Market Size –$Million/$Billion)
9.1 High Production Kitchen
9.2 Starred Restaurants
9.3 Commercial Bars & Restaurants
9.4 Premium Cafes
9.5 Others
10. Bespoke Units Market - By Geography(Market Size –$Million/$Billion)
10.1 North America
10.1.1 U.S.
10.1.2 Mexico
10.1.3 Canada
10.2 Europe
10.2.1 U.K.
10.2.2 France
10.2.3 Germany
10.2.4 Russia
10.2.5 Italy
10.2.6 Spain
10.2.7 Rest of Europe
10.3 Asia Pacific
10.3.1 China
10.3.2 India
10.3.3 Japan
10.3.4 South Korea
10.3.5 Australia & New Zealand
10.3.6 Rest of APAC
10.4 South America
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Others
10.5 Rest of the World
10.5.1 Middle East
10.5.2 Africa
10.5.3 South America
11. Bespoke Units Market - Entropy
12. Bespoke Units Market – Industry/Segment Competition Landscape Premium
12.1 Market Share Analysis
12.1.1 Global Market Share – Key Companies
12.1.2 Market Share by Region – Key companies
12.1.3 Market Share by Countries – Key Companies
12.1.4 Best Practices for Companies
13. Bespoke Units Market – Key Company List by Country Premium Premium
14. Bespoke Units Market Company Analysis
14.1 Company 1
14.2 Company 2
14.3 Company 3
14.4 Company 4
14.5 Company 5
14.6 Company 6
14.7 Company 7
14.8 Company 8
14.9 Company 9
14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global BESPOKE UNIT MARKET, BY END USER Market 2019-2024 ($M)1.1 High production kitchens Market 2019-2024 ($M) - Global Industry Research
1.2 Starred restaurants Market 2019-2024 ($M) - Global Industry Research
1.3 Commercial bar restaurant Market 2019-2024 ($M) - Global Industry Research
1.4 Premium cafs Market 2019-2024 ($M) - Global Industry Research
2.Global BESPOKE UNIT MARKET, BY END USER Market 2019-2024 (Volume/Units)
2.1 High production kitchens Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Starred restaurants Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Commercial bar restaurant Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Premium cafs Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America BESPOKE UNIT MARKET, BY END USER Market 2019-2024 ($M)
3.1 High production kitchens Market 2019-2024 ($M) - Regional Industry Research
3.2 Starred restaurants Market 2019-2024 ($M) - Regional Industry Research
3.3 Commercial bar restaurant Market 2019-2024 ($M) - Regional Industry Research
3.4 Premium cafs Market 2019-2024 ($M) - Regional Industry Research
4.South America BESPOKE UNIT MARKET, BY END USER Market 2019-2024 ($M)
4.1 High production kitchens Market 2019-2024 ($M) - Regional Industry Research
4.2 Starred restaurants Market 2019-2024 ($M) - Regional Industry Research
4.3 Commercial bar restaurant Market 2019-2024 ($M) - Regional Industry Research
4.4 Premium cafs Market 2019-2024 ($M) - Regional Industry Research
5.Europe BESPOKE UNIT MARKET, BY END USER Market 2019-2024 ($M)
5.1 High production kitchens Market 2019-2024 ($M) - Regional Industry Research
5.2 Starred restaurants Market 2019-2024 ($M) - Regional Industry Research
5.3 Commercial bar restaurant Market 2019-2024 ($M) - Regional Industry Research
5.4 Premium cafs Market 2019-2024 ($M) - Regional Industry Research
6.APAC BESPOKE UNIT MARKET, BY END USER Market 2019-2024 ($M)
6.1 High production kitchens Market 2019-2024 ($M) - Regional Industry Research
6.2 Starred restaurants Market 2019-2024 ($M) - Regional Industry Research
6.3 Commercial bar restaurant Market 2019-2024 ($M) - Regional Industry Research
6.4 Premium cafs Market 2019-2024 ($M) - Regional Industry Research
7.MENA BESPOKE UNIT MARKET, BY END USER Market 2019-2024 ($M)
7.1 High production kitchens Market 2019-2024 ($M) - Regional Industry Research
7.2 Starred restaurants Market 2019-2024 ($M) - Regional Industry Research
7.3 Commercial bar restaurant Market 2019-2024 ($M) - Regional Industry Research
7.4 Premium cafs Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Bespoke Units Market Revenue, 2019-2024 ($M)2.Canada Bespoke Units Market Revenue, 2019-2024 ($M)
3.Mexico Bespoke Units Market Revenue, 2019-2024 ($M)
4.Brazil Bespoke Units Market Revenue, 2019-2024 ($M)
5.Argentina Bespoke Units Market Revenue, 2019-2024 ($M)
6.Peru Bespoke Units Market Revenue, 2019-2024 ($M)
7.Colombia Bespoke Units Market Revenue, 2019-2024 ($M)
8.Chile Bespoke Units Market Revenue, 2019-2024 ($M)
9.Rest of South America Bespoke Units Market Revenue, 2019-2024 ($M)
10.UK Bespoke Units Market Revenue, 2019-2024 ($M)
11.Germany Bespoke Units Market Revenue, 2019-2024 ($M)
12.France Bespoke Units Market Revenue, 2019-2024 ($M)
13.Italy Bespoke Units Market Revenue, 2019-2024 ($M)
14.Spain Bespoke Units Market Revenue, 2019-2024 ($M)
15.Rest of Europe Bespoke Units Market Revenue, 2019-2024 ($M)
16.China Bespoke Units Market Revenue, 2019-2024 ($M)
17.India Bespoke Units Market Revenue, 2019-2024 ($M)
18.Japan Bespoke Units Market Revenue, 2019-2024 ($M)
19.South Korea Bespoke Units Market Revenue, 2019-2024 ($M)
20.South Africa Bespoke Units Market Revenue, 2019-2024 ($M)
21.North America Bespoke Units By Application
22.South America Bespoke Units By Application
23.Europe Bespoke Units By Application
24.APAC Bespoke Units By Application
25.MENA Bespoke Units By Application
26.ATHANOR, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.MAESTRO, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.MARRONE SRL, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.MOLTENI C SPA, Sales /Revenue, 2015-2018 ($Mn/$Bn)