According to the latest report by IMARC Group, titled “Food Service Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”,The global food service equipment market size reached a value of US$ 34.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 47.2 Billion by 2027, exhibiting a CAGR of 5.4% during 2022-2027.
Food service equipment refer to utensils, tools, crockery, cutlery, etc., that assist in storing, preparing, and serving food. They are available in various types depending on the food service areas, such as storage racks, weighing scales, trolleys, measuring cups, spoons, etc., that are used for food storage purposes. On the other hand, fryers, wet grinders, modular gas, molding machines, etc., are utilized to prepare and cook food items. As a result, food service equipment find widespread applications in hotels, pubs, restaurants, catering, etc., across countries.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Food Service Equipment Market Trends:
The escalating consumption of fast food, owing to the changing dietary patterns, growing urbanization, inflating income levels, and busy consumer schedules, is among the primary factors driving the food service equipment market. Besides this, the introduction of healthy meals by commercial food establishments, including cafes and restaurants, for improving food safety and the rising health consciousness among individuals are further augmenting the market growth. Apart from this, the implementation of strict regulations by the government bodies to control and maintain food standards is also catalyzing the global market. Moreover, the elevating popularity of food tourism and luxury hotels is acting as another significant growth-inducing factor. Furthermore, the development of smart tools that aid in cutting down wastage, maintaining traceability, and minimizing costs is expected to bolster the food equipment market in the coming years.
Global Food Service Equipment Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AB Electrolux, Ali group s.r.l. a socio unico, Alto-Shaam Inc., Cambro Manufacturing, Comstock-Castle Stove Co. Inc, Dover Corporation, Duke Manufacturing, Illinois Tool Works Inc., The Middleby Corporation and Welbilt.
Competitive Landscape Key Player:
AB Electrolux, Ali group s.r.l. a socio unico, Alto-Shaam Inc., Cambro Manufacturing, Comstock-Castle Stove Co. Inc, Dover Corporation, Duke Manufacturing, Illinois Tool Works Inc., The Middleby Corporation and Welbilt.
The report has segmented the market on product type, distribution channel and end use.
Breakup by Product Type:
- Cooking Equipment
- Storage and Handling Equipment
- Warewashing Equipment
- Food and Beverage Preparation Equipment
- Serving Equipment
Breakup by Distribution Channel:
- Online
- Offline
Breakup by End Use:
- Full-service Restaurants and Hotels
- Quick-service Restaurants and Pubs
- Catering
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization
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