The industry is composed of various product segments, including copiers and office machinery, commercial cooking equipment, vacuum cleaners and vending machines. Revenue has exhibited fluctuations through the end of 2023, as performance is determined by commercial demand, which is influenced by consumer spending and the overall economic conditions. Consequently, revenue from commercial cooking ovens and food-warming appliances, the industry's largest product segment, is estimated to have endured significant complications amid the pandemic in 2020, as many dine-in options for restaurants were forced to completely shut down. Driven by the contracted demand in 2020, revenue is expected to decline at a CAGR of 2.3% over the past five years to $28.2 billion through the end of 2023. Profit is projected to also decline during the five-year period, as costs have outpaced revenue growth. This industry mainly manufactures commercial cooking equipment, floor-cleaning machines (excluding residential vacuums), electronic teaching machines and automotive maintenance equipment (excluding hand tools). Operators also manufacture parts for service-industry equipment; optical instruments and lenses; copiers and office machinery (excluding printers); photographic equipment (excluding digital); automatic vending machines; and commercial laundry and dry-cleaning equipment. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.Fine print: A recovery in economic growth and a projected increase in corporate profit will buoy demand
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Rinnai Corporation
- Emerson Electric Co.
- Miele, Inc.
- Welbilt, inc.
- Quadient S.A.
- Barco Nv
- Dover Corporation
- Alfred Kärcher SE & Co. KG
- Thales
- Leonardo SpA
- Cummins Allison Corporation
- De La Rue Plc
- Tennant Co
- SharkNinja Operating LLC
- Glory Ltd.
- Verifone Inc.
- Briggs & Stratton Corp
- Nilfisk Group
- Edward Don & Company
- Hoshizaki Corporation
- Elbit Systems Ltd
- Nikon Corp
- Singer Equipment Company LP
- Auto-Chlor System
- Diamond Products Limited
- Phillips Service Industries Inc.
- Central Products LLC
- Bissell Inc.
- Shop Vac Corp
- Girbau S.A.
- Photonis Technologies
- Draper, Inc.
- TAKKT AG
- Stewart Filmscreen Corporation
- Jon-Don, LLC
- FP Mailing Solutions
- Cubic Corporation
- Flowbird
- Omnitracs, Llc
- Samsara Networks Inc.
- Lytx, Inc.
- EOS GmbH Electro Optical Systems
- Safety Vision, Llc
- American Technologies Network
- Ballantyne Strong, Inc.
- Pro-Vision Inc.
- The Boelter Companies, Inc.
- Optomec, Inc.
- OMRON Corporation
- Lynred
- Goodway Technologies Corporation
- Cassida Corporation
- Mission Restaurant Supply Company
- Puregreen International LLC
- Billcon Corporation
- Alkota Cleaning Systems Inc.
- Forward Thinking Systems Inc.
- Data-Pac Mailing Systems Corp
- Southeastern Equipment and Supply Inc.
- Suzhou RIBAO Technology Co. Ltd.
- Spartan Manufacturing Corporation
- Hilton Trading Corp.
- The Insinger Machine Company
- Wirepath Home Systems, LLC
- CMA Dishmachines
- Harkness Screens International Ltd
- Semacon Business Machines Inc.
- Vapamore
- Pittasoft Co. Ltd.
- Meiko
- Daimer Industries
- Elite Screens Inc.
- Consolidated Laundry Machinery LLC
- Royal Sovereign International Inc.
- Nikro Industries Inc.
- Carnation Enterprises
- Lavatec Laundry Technology GmbH
- Kyungdong Navien Co., Ltd.
- Paloma Co. Ltd.
- Seiko Epson Corp
- Low Energy Systems Inc.
- SASE Company Inc.
Methodology
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