The smart motors market is forecasted to garner revenue of US$ 3.2 billion by 2033, up from US$ 1.9 billion in 2023 advancing at a rate of 5.2% from 2023 to 2033. The smart motors market has been witnessing significant growth in recent years, driven by the increasing adoption of industrial automation and the integration …
Author Archives: Editor AM
Europe Automotive Tire Market to grow at a rate of 4.8% from 2023 to 2033
As per Future Market Insights (FMI), the Europe automotive tire market value is projected to rise from US$ 68.4 billion in 2023 to US$ 108.7 billion by 2033. Sales of automotive tires across Europe are likely to soar at 4.8% CAGR throughout the forecast period. Rapid growth of automotive sector, adoption of electric vehicles, and …
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2033 Commercial Griddle Market: Rising Demand for Efficient Cooking Solutions Drives Growth in Foodservice Industry
According to a report from Future Market Insights (FMI), the market for commercial griddles and flat-top grills is expected to grow at a CAGR of 3% between 2023 and 2033, reaching a total of US$ 2.7 billion in 2033. Between 2018 and 2022, sales and profit growth grew at a CAGR of 10%. The market …
Global Cheese Cutting Machine Market: Automation and Efficiency Driving Growth in Cheese Processing Industry
The Cheese Cutting Machine Market refers to the industry involved in the manufacturing, distribution, and sale of machines specifically designed for cutting cheese. These machines are designed to automate the process of cutting cheese into specific shapes, sizes, or portions, thereby increasing efficiency and reducing labor costs in cheese production facilities, delis, restaurants, and other …
Elevating Banquet Services: Unveiling the Thriving Banquet Cabinets Market
The Banquet Cabinets Market refers to the industry that focuses on the production and sale of banquet cabinets, which are specialized food holding and warming equipment used in the hospitality and catering industry. Banquet cabinets are large, insulated cabinets designed to hold and transport large quantities of hot or cold food for banquet events, catering …
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Heating Up the Foodservice Industry: Exploring the Growing Strip Warmers Market
The Strip Warmers Market refers to the industry that focuses on the production and sale of strip warmers, which are a type of food holding and warming equipment commonly used in commercial foodservice establishments. Strip warmers are heating devices designed to keep food warm, especially in serving areas where food is displayed or plated for …
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Insights into the Booming Food Holding and Warming Equipment Market: Ensuring Safe and Efficient Foodservice Operations
The Food Holding and Warming Equipment Market refers to the industry that focuses on the production and sale of equipment used to hold and warm food in commercial foodservice establishments. This market encompasses a wide range of products designed to keep food at safe temperatures, maintain its quality, and ensure it is ready for service. …
Cooling Efficiency: Exploring the Thriving Reach-in Refrigerators Market
The reach-in refrigerators market refers to the industry segment that encompasses the production, distribution, and sale of refrigeration equipment specifically designed for commercial use, where users can reach inside the refrigerator to access stored items. Reach-in refrigerators are commonly found in various sectors such as restaurants, cafes, convenience stores, supermarkets, and other foodservice establishments. In …
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Chilling Success: Exploring the Booming Hotel Ice Dispensers Market by 2033
The hotel ice dispenser market refers to the industry segment that involves the production, distribution, and sale of ice dispensers specifically designed for use in hotels and hospitality establishments. These ice dispensers are typically larger and more durable than residential or standard commercial ice dispensers, as they need to cater to the higher demands of …
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Ice in Motion: Exploring the Flourishing Flake Ice Machines Market
In 2023, it is anticipated that the global flake ice machines market will be worth US$ 1.3 billion. The overall market for flake ice machines is expected to grow at a CAGR of 6.0% between 2023 and 2033, reaching an estimated US$ 2.3 Billion by that time due to rising consumer awareness of food safety. …
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