Product overview
Global Food Service Equipment is the equipment used for the storage and preparation of products for commercial usage. Cooking equipment, ware washing equipment, handling, and storage equipment, food, and beverage equipment, and serving equipment are included in the foodservice equipment market, which is used in hotels, restaurants, and other commercial industries.
Market Highlights
Global Food Service Equipment Market grew at USD 31.64 billion in 2018 and is expected to reach USD XXX billion by 2030 at a CAGR of 5% in the forecast period. High-end technologies demand along with the expansion of the food industries is increasing the demand for the foodservice equipment market. Increased population with rising disposable income and their changing lifestyle also increase market growth.
Global Food Service Equipment Market: Segments
Global Food Service Equipment Industry can be segmented on the basis of product, end-use, and region.
By Product, it can be further categorized as cooking equipment storage and handling equipment, ware washing equipment, food, and beverage preparation equipment and serving equipment.
By End-use it can be sub-segmented into full-service restaurants and hotels, quick-service restaurants and pubs, and caterings.
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.
Global Food Service Equipment Market: Drivers and Restraints
Increase in the foodservice sector to propel the market growth
The increase in the growth of foodservice sectors globally and rising processed food consumption as well as the need for quick-service restaurants to drive the market growth. The foodservice equipment manufacturers aim to focus on the long term cost-effective services that can be provided to improve food quality.
The high cost of food service equipment and lack of skilled operators are hindering the market growth.
Global Food Service Equipment Market: Regions
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.
APAC region is predicted to register the highest growth in the market due to the high standard of living of people in developing countries such as India, China, Japan, and the growth of hotels and restaurant businesses. An increased population is also a driving factor in the growth of the market in APAC. Ware washing has increased preference in MENA due to the changing consumer spending patterns and rapid urbanization.
Global Food Service Equipment Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global Food Service Equipment Market: Key players:-
- Duke Manufacturing Co. Inc
- Business Strategy
- Key Product offerings
- Financial performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Alto-Shaam, Inc.
- Cambro Manufacturing Co. Inc.
- Castle Stove
- Dover Corporation
- Electrolux
- Illinois Tool Works Inc.
- Ali S.p.A
- Middleby Corporation
- Welbilt, Inc.
Global Food Service Equipment Market report also contains analysis on:
Global Food Service Equipment Market segmentation
- By Product
- Cooking Equipment
- Storage and Handling Equipment
- Ware washing Equipment
- Food and Beverage Preparation Equipment
- Serving Equipment
- By End-use
- Full-service Restaurants and Hotels
- Quick-service Restaurants and Pubs
- Caterings
FAQs on Food Service Equipment Market
- Which segment is anticipated to hold the largest market share?
- At what CAGR is the market anticipated to grow between 2020 and 2030?
- Who are the key players in the Global Food Service Equipment Market?
- What could be the challenging factors for the growth of Global Food Service Equipment Market?
- What are the growth drivers for Global Food Service Equipment Market?
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