{"id":582944,"date":"2022-01-21T09:02:01","date_gmt":"2022-01-21T09:02:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=582944"},"modified":"2022-01-21T09:02:01","modified_gmt":"2022-01-21T09:02:01","slug":"food-service-equipment-market-study-report-based-on-trend-top-key-vendor-size-future-growth-trend-and-outlook-2028-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/food-service-equipment-market-study-report-based-on-trend-top-key-vendor-size-future-growth-trend-and-outlook-2028-grand-view-research-inc_582944.html","title":{"rendered":"Food Service Equipment Market Study Report Based On Trend, Top Key Vendor, Size, Future Growth, Trend And Outlook 2028 | Grand View Research, Inc."},"content":{"rendered":"
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“Grand View Research, Inc. \u2013 Market Research And Consulting.”<\/div>\n<\/div>\n<\/div>\n
According to a new report published by Grand View Research, the changing food consumption patterns, increased demand for takeaways, and the expanding hospitality sector are some of the key factors driving the market<\/div>\n

The global food service equipment market<\/strong><\/a> size is estimated to reach USD 50.01 billion by 2028<\/strong>, according to a new report by Grand View Research, Inc.<\/strong> It is projected to expand at an estimated CAGR of 5.5% from 2021 to 2028<\/strong>. The increasing trade activities in the food and beverage industry, upsurge in travel and tourism activities, changing food consumption habits, and rise in disposable incomes are some of the key factors driving the growth of this market.<\/p>\n

Equipment manufacturers are focusing on mergers and acquisitions to introduce state-of-the-art product offerings for attaining a competitive edge in the market. For instance, in 2019, SMEG S.p.A collaborated with Dolce & Gabbana S.r.l. for special styling of Fab28 SMEG refrigerator, which was encouraged by old Sicilian art. This collaboration was aimed at developing products in captivating designs consumers would like to incorporate in their modular, open commercial kitchen spaces. Furthermore, the pressing need to conserve energy has compelled manufacturers to focus on the development of energy-efficient appliances for commercial kitchens. Appliances are being integrated with bidirectional internet of things (IoT) connectivity. These connected appliances can automatically alert kitchen staff to increase the preparation uptime. Additionally, the increasing number of restaurants across the globe is also driving the market. As per the National Restaurant Association, the U.S region itself accounts for more than 1 million restaurants of different kinds and sizes.<\/p>\n

The COVID-19 breakout and the subsequent lockdowns imposed by governments worldwide to minimize its communal spread at the beginning of 2020 had a substantial negative impact on the market for food service equipment. Various industries such as food and beverage, travel and tourism, and hospitality have been severely impacted by the temporary shutdown of manufacturing units, transportation, and logistic operations. Relaxations announced by several governments in the mid of 2020 led to the gradual increase in the online delivery business and takeaway from restaurants and hotels, resulting in some recovery of the food and beverage industry.<\/p>\n

Browse full report with Table of Content @<\/strong> https:\/\/www.grandviewresearch.com\/industry-analysis\/food-service-equipment-market<\/a><\/p>\n

Food Service Equipment Market Report Highlights<\/strong><\/p>\n

• In terms of geography, Asia Pacific is estimated to emerge as the fastest-growing regional market with a CAGR of close to 7.0% from 2021 to 2028<\/p>\n

• In terms of product, the kitchen purpose equipment segment dominated the market with a revenue share of over 35.0% of the overall market in 2020<\/p>\n

• Expanding at a CAGR around 5.0% from 2021 to 2028, the Full Service Restaurant (FSR) end-user segment is estimated to dominate the market over the forecast period<\/p>\n

For Requesting a Sample Copy of This Report, Please Visit @<\/strong> https:\/\/www.grandviewresearch.com\/industry-analysis\/food-service-equipment-market\/request\/rs1<\/a><\/p>\n

Food Service Equipment Market Segmentation<\/strong><\/p>\n

Grand View Research has segmented the global food service equipment market on the basis of product, end-user, and region:       <\/p>\n

Food Service Equipment Product Outlook (Revenue, USD Billion, 2016 – 2028)             <\/strong><\/p>\n

    • Kitchen Purpose Equipment                      <\/p>\n

    • Cooking Equipment     <\/p>\n

    • Food & Beverage Preparation Equipment<\/p>\n

    • Refrigeration Equipment          <\/p>\n

    • Ware Washing Equipment<\/p>\n

    • Food Holding & Storing Equipment<\/p>\n

    • Others<\/p>\n

Food Service Equipment End-user Outlook (Revenue, USD Billion, 2016 – 2028)        <\/strong><\/p>\n

    • Full Service Restaurant (FSR)<\/p>\n

    • Quick Service Restaurant (QSR)<\/p>\n

    • Institutional<\/p>\n

    • Others<\/p>\n

Food Service Equipment Regional Outlook (Revenue, USD Billion, 2016 – 2028)<\/strong><\/p>\n

    • North America       <\/p>\n

        • U.S.<\/p>\n

        • Canada<\/p>\n

    • Europe<\/p>\n

        • Germany<\/p>\n

        • U.K.<\/p>\n

    • Asia Pacific<\/p>\n

        • China<\/p>\n

        • India<\/p>\n

        • Japan<\/p>\n

    • Latin America<\/p>\n

        • Brazil<\/p>\n

        • Mexico<\/p>\n

    • Middle East & Africa<\/p>\n

Inquire more or share questions if any before the purchase on this report @<\/strong> https:\/\/www.grandviewresearch.com\/inquiry\/2866\/ibb<\/a><\/p>\n

Browse More Related Report:<\/strong><\/p>\n

QSR Food Service Equipment Market<\/strong><\/a> Size, Share & Trends Analysis Report By Equipment Type (Cooking, Warewashing, F&B Preparation, Refrigeration, Serving, Storage & Handling), And Segment Forecasts, 2020 – 2027<\/p>\n

About Grand View Research<\/strong><\/p>\n

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> Grand View Research, Inc.<\/a>
Contact Person:<\/strong> Sherry James, Corporate Sales Specialist – U.S.A.
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> 1888202951
Address:<\/strong>Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City:<\/strong> San Francisco
State:<\/strong> California
Country:<\/strong> United States
Website:<\/strong> https:\/\/www.grandviewresearch.com\/industry-analysis\/food-service-equipment-market<\/a><\/p>\n

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“Grand View Research, Inc. \u2013 Market Research And Consulting.” According to a new report published by Grand View Research, the changing food consumption patterns, increased demand for takeaways, and the expanding hospitality sector are some of the key factors driving … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,416],"tags":[],"class_list":["post-582944","post","type-post","status-publish","format-standard","hentry","category-Business","category-World"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/582944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=582944"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/582944\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=582944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=582944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=582944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}