Global Food Service Equipment market is predicted to grow approximately at 5.16% CAGR by 2023.
Pune, India, July 10, 2017 /MRFR Press Release/- Market research future published a half cooked research report on global food service equipment market. The global food service equipment market is expected to grow around 5.16% CAGR during the period 2017 to 2023.
Key Players
The key players of the global food service equipment market are 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).
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Market Highlights
Food service equipment are mostly used in full service restaurants. However they are also gaining popularity in quick service restaurants. One of the major drivers of global food service equipment market is the increasing demand for energy efficient products. With various government regulations making it mandatory to meet Environmental Protection Agency (EPA) standards, the adoption of energy efficient products has increased.
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.
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.
By Product: Cooking Equipment, Storage & Handling Equipment, Warewashing Equipment, Food Holding & Serving Equipment and Others
By End-User: Full Service Restaurants, Quick Service Restaurants, Caterers, Hotels & Clubs and Others
By Region: Asia Pacific, North America, Europe, Rest of World
Key Players
The key players of the global food service equipment market are 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).
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