Press Release

Food Service Equipment Market Will Grow at a CAGR of 4.5% During Forecast Period

Top Players in Food Service Equipment Market are Welbilt, The Middleby Corporation, Ali Group S.r.l., Standex International Corporation, Hoshizaki America, Inc., FUJIMAK CORPORATION, ITW FOOD EQUIPMENT GROUP, Dover Corporation, Duke Manufacturing, The Vollrath Company, LLC, Haier Inc., Smeg S.p.A. 

According to the report, published by Fortune Business Insights in a report, titled “Food Service Equipment Market Size, Share & Industry Analysis, By Equipment Type (Cooking & Preparation Equipment, Refrigeration Equipment, Warewashing Equipment, Storage & Handling Equipment, and Others), By Sales Channel (Online, and Offline), By End-user (Full Service Restaurant, Quick Service Restaurant, Hotels & Pub Bar Clubs, and Others) and Regional Forecast, 2019-2026” the market size was valued at USD 31.99 billion in 2018.The report incorporates several factors that have impacted the energy-efficient equipment market growth and share in recent years.

The global food service equipment market size is expected to reach USD 45.17 billion by 2026, exhibiting a CAGR of 4.5% during the forecast period

Besides providing insights on the growth stimulators, it reveals a few factors that have restricted the market growth. The report highlights a few of the leading products, significant companies, and considerable industry developments of recent times. The competitive landscape has been discussed in in-depth in the food service equipment market report. Forecast values for the market have been provided in the report for the period of 2019 to 2026. Moreover, the report recognizes areas that have witnessed the highest demand and applications for the product in recent years.

To Gain More Insights into the Market with Detailed Table of Content and Figures, Click Here – 

https://www.fortunebusinessinsights.com/food-service-equipment-market-102006

Some of the Prominent Companies Operating in the Food Service Equipment Market Include:

  • Welbilt
  • The Middleby Corporation
  • Ali Group S.r.l.
  • Standex International Corporation
  • Hoshizaki America, Inc.
  • FUJIMAK CORPORATION
  • ITW FOOD EQUIPMENT GROUP
  • Dover Corporation
  • Duke Manufacturing
  • The Vollrath Company, LLC
  • Haier Inc.
  • Smeg S.p.A.

Increasing Focus of Resturants towards Enhancing Customer services to Facilitate Growth in North America

North America is expected to witness significant growth in the forthcoming years owing to the increasing number of joints in the region. The growing investment by resturants to enhance their customer services will foster helathy growth of the market in North America. As per the data shared by the National Restaurant Association of the U.S., in 2019, the country had over one million restaurants. Asia Pacific was valued at USD 8.26 billion in 2018 and is projected to remain dominant during the forecast period owing to the prospering food industry in the region. As per the survey conducted by the National Restaurant Association of India (NRAI), the country’s food service industry is expected to reach around USD 843 billion by the end of 2023. Additionally, the rising demand for frozen food products in China and Japan is expected to boost the market revenue in Asia Pacific.

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Incorporation of Automated Technologies in Food Service Equipment to Boost Market Revenue

The leading key players are focusing on the development of cost-effective equipment, which will improve the food quality and subsequently aid the food service equipment market revenue. The growing obligatory policies to monitor and cater to qualitative services of any equipment will augur healthy for the food service equipment market trends. Furthermore, the advent of IoT Big Data and Industry 4.0 has led to the modernization of smart industries to manufacture technology-based equipment, hence fostering the growth of the market. The integration of these technologies improves food safety and helps in tracking the overall operation of the food service machines and thus, creating sales opportunities for the market. Additionally, the increasing demand from quick-service restaurants (QSR) for food service equipment to enhance the food delivery services will spur new business opportunities for the market. For instance, franchises such as McDonald, Dominos, KFC, Subway require machines for quick take away food services

Market Segmentation – 

1. By Equipment Type

  • Cooking & Preparation Equipment
  • Refrigeration Equipment
  • Warewashing Equipment
  • Storage & Handling Equipment
  • Others (Serving Equipment, etc.)

2. By Sales Channel

  • Online
  • Offline

3. By End-user

  • Full Service Restaurant (FSR)
  • Quick Service Restaurant (QSR)
  • Hotels & Pub Bar Clubs
  • Others (General & Retail Stores, etc.)

4. By Region

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy and Rest of Europe)
  • Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
  • Latin America (Brazil, Mexico, and Rest of Latin America)

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Table of Content – 

5.Global Food Service Equipment Market Analysis, Insights and Forecast, 2015-2026
5.1.Key Findings / Summary
5.2.Market Sizing Estimations and Forecasts – By Equipment Type (Value)
5.2.1.Cooking & Preparation Equipment
5.2.2.Refrigeration Equipment
5.2.3.Warewashing Equipment
5.2.4.Storage & Handling Equipment
5.2.5.Others (Serving Equipment, etc.)
5.3.Market Sizing Estimations and Forecasts – By Sales Channel (Value)
5.3.1.Online
5.3.2.Offline
5.4.Market Sizing Estimations and Forecasts – By End-user (Value)
5.4.1.Full Service Restaurant (FSR)
5.4.2.Quick Service Restaurant (QSR)
5.4.3.Hotels & Pub Bar Clubs
5.4.4.Others (General & Retail Stores, etc.)
5.5.Market Analysis, Insights and Forecast – By Region (Value)
5.5.1.North America
5.5.2.Europe
5.5.3.Asia Pacific
5.5.4.Middle East & Africa
5.5.5.Latin America
6.North America Food Service Equipment Market Analysis, Insights and Forecast, 2015-2026
6.1.Key Findings / Summary
6.2.Market Sizing Estimations and Forecasts – By Equipment Type (Value)
6.2.1.Cooking & Preparation Equipment
6.2.2.Refrigeration Equipment
6.2.3.Warewashing Equipment
6.2.4.Storage & Handling Equipment
6.2.5.Others (Serving Equipment, etc.)
6.3.Market Sizing Estimations and Forecasts – By Sales Channel (Value)
6.3.1.Online
6.3.2.Offline
6.4.Market Sizing Estimations and Forecasts – By End-user (Value)
6.4.1.Full Service Restaurant (FSR)
6.4.2.Quick Service Restaurant (QSR)
6.4.3.Hotels & Pub Bar Clubs
6.4.4.Others (General & Retail Stores, etc.)
6.5.Market Analysis, Insights and Forecast – By Country (Value)
6.5.1.U.S.
6.5.2.Canada
7.Europe Food Service Equipment Market Analysis, Insights and Forecast, 2015-2026
7.1.Key Findings / Summary
7.2.Market Sizing Estimations and Forecasts – By Equipment Type (Value)
7.2.1.Cooking & Preparation Equipment
7.2.2.Refrigeration Equipment
7.2.3.Warewashing Equipment
7.2.4.Storage & Handling Equipment
7.2.5.Others (Serving Equipment, etc.)
7.3.Market Sizing Estimations and Forecasts – By Sales Channel (Value)
7.3.1.Online
7.3.2.Offline
7.4.Market Sizing Estimations and Forecasts – By End-user (Value)
7.4.1.Full Service Restaurant (FSR)
7.4.2.Quick Service Restaurant (QSR)
7.4.3.Hotels & Pub Bar Clubs
7.4.4.Others (General & Retail Stores, etc.)
7.5.Market Analysis, Insights and Forecast – By Country (Value)
7.5.1.U.K.
7.5.2.Germany
7.5.3.France
7.5.4.Italy
7.5.5.Rest of Europe
8.Asia Pacific Food Service Equipment Market Analysis, Insights and Forecast, 2015-2026
8.1.Key Findings / Summary
8.2.Market Sizing Estimations and Forecasts – By Equipment Type (Value)
8.2.1.Cooking & Preparation Equipment
8.2.2.Refrigeration Equipment
8.2.3.Warewashing Equipment
8.2.4.Storage & Handling Equipment
8.2.5.Others (Serving Equipment, etc.)
8.3.Market Sizing Estimations and Forecasts – By Sales Channel (Value)
8.3.1.Online
8.3.2.Offline
8.4.Market Sizing Estimations and Forecasts – By End-user (Value)
8.4.1.Full Service Restaurant (FSR)
8.4.2.Quick Service Restaurant (QSR)
8.4.3.Hotels & Pub Bar Clubs
8.4.4.Others (General & Retail Stores, etc.)
8.5.Market Analysis, Insights and Forecast – By Country (Value)
8.5.1.China
8.5.2.Japan
8.5.3.India
8.5.4.Southeast Asia
8.5.5.Rest of Asia Pacific

TOC Continued…!!!

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