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Stock impact report

Commercial Kitchen Appliances Market to Hit USD 149.70 Billion by 2030, Growing at a Strong 6.0% CAGR, with North America Leading the Market Due to Increasing Adoption of Advanced Technolo...

The Middleby Corporation (MIDD) 
Last the middleby corporation earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
was registered at USD 93.95 billion in 2022 and is projected to grow to USD 149.70 billion by 2030, recording a robust CAGR of 6.0% through the projection period of 2023-2030. The increasing number of foodservice establishments and the requirement for efficient and top-notch equipment are the key factors contributing to the rising demand for commercial kitchen appliances. Moreover, technological advancements have resulted in the emergence of energy-efficient appliances, which aid in reducing operating expenses for businesses in the foodservice industry. Commercial kitchen appliances refer to a distinct classification of kitchen equipment and machines specifically created and constructed for utilization in professional foodservice environments such as restaurants, hotels, catering companies, cafeterias, and institutional kitchens. Commercial appliances differ from residential ones in terms of their size, robustness, efficiency, and sometimes their functionalities. They are specifical Show less Read more
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