Global Food Service Equipment Market Is Expected To Grow At A CAGR Of 5.16% By 2023
Food service equipment are widely used for food handling and processing applications, and are popular in full-service restaurants. The equipment plays a vital role in food service industry for preparing and serving a variety of food items.
The growth of global food service equipment market can majorly be attributed to growth of hospitality, industry resulting in rising number of hotels and restaurants. Increasing demand for energy-efficient products and growing demand for quick service restaurants is also expected to boost the market growth. Moreover, the rising number of hotel industry is also augmented by increasing tourism. However, high capital investment is the major restraint that could hinder the growth of the market.
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Key Players of Food Service Equipment Market:
Meiko (Germany), Hobart Corporation (U.S.), Ali Group S.p.A (Italy), Fujimak Corporation (Japan), Manitowoc Company Inc. (U.S.), Hoshizaki Electric Co., Ltd. (Japan), Dover Corporation (U.S.), Duke Manufacturing Co. Inc. (U.S.), Tupperware Brands Corporation (U.S.) and Electrolux AB (Sweden) are some of the leading players operating in the global food service equipment market.
Market Research Analysis:
The global food service equipment market has been analyzed based on the three segments, namely product, end-user and regions. On the basis of product, the global food service equipment market is segmented as cooking equipment, storage & handling equipment, warewashing equipment, food holding & serving equipment and others. Warewashing equipment segment is expected to dominate, as they are used in maintaining the cleanliness of the kitchen and also in automatic cleaning of the used utensils.
Based on end-users, the global food service equipment market is bifurcated as full service restaurants, quick service restaurants, caterers, hotels & clubs and others. Among these, full service restaurants segment is projected to lead, owing to growth in hotel industry in developing nations.
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
Scope of the Report:
This study provides an overview of the global Food Service Equipment Market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global food service equipment market by its product, by end-user and regions.
- Cooking Equipment
- Storage & Handling Equipment
- Warewashing Equipment
- Food Holding & Serving Equipment
- Full Service Restaurants
- Quick Service Restaurants
- Hotels & Clubs
- Asia Pacific
- North America
- Rest of World
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List Of Tables
Table 1 Global Food Service Equipment Market, By Product
Table 2 Global Food Service Equipment Market, By End-User
Table 3 Global Food Service Equipment Market, By Region
Table 4 Asia-Pacific Food Service Equipment Market, By Product
Table 5 Asia-Pacific Food Service Equipment Market, By End-User
Table 6 Asia-Pacific Food Service Equipment Market, By Country
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