Food
Service Equipment Market Global Research Report 2017 Analysis & Forecast to
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.
According to the Market Research Future
analysis, The global food service equipment
market is expected to grow at a CAGR of around 5.16% during the
period.
Analysts state
that 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 major companies operating in this
business market.
...Continued
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