World Food Service Equipment Market – Opportunities and Forecasts, 2014-2022

Food service equipment market comprises kitchenware, washware, and storage equipment. This equipment plays vital roles in hotels, restaurants, educational institutes, nursing homes, and hospitals among others. Increase in global population has fueled the demand for food service equipment in the recent years.

Food service equipment market comprises kitchenware, washware, and storage equipment. This equipment plays vital roles in hotels, restaurants, educational institutes, nursing homes, and hospitals among others. Increase in global population has fueled the demand for food service equipment in the recent years.

Increasing demand for refrigerated food products and growing inclination towards junk foods have fueled the adoption of food service equipment, worldwide. In addition, improving hygiene standards and growing awareness regarding energy scarcity have encouraged customers to adopt energy-efficient products. Increasing shift towards modular kitchen with advanced features has boosted the demand for kitchen food service equipment, worldwide. The government in various regions have implemented stringent regulations regarding the hygiene of equipment used in the retail food sector and food service industries due to rising incidence of foodborne diseases. Moreover, increase in adoption of (internet of things) IoT to monitor storage conditions has fueled the popularity of food service equipment. However, high capital investment and complexities associated with the usage of equipment restrict the market growth.

The world food service equipment market is segmented based on product, washware equipment, application, and geography. Based on product, the market is segmented into kitchen purpose, ware washing, refrigeration, storage, food holding, and serving products. Based on application, the market is segmented into residential and commercial sectors. Washware equipment, such as booster heater, disposer, utensil washer, and dishwasher among others have been discussed in the report.

The market is analyzed on the basis of four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific countries, especially China and India, are expected to offer lucrative market opportunities during the forecast period due to the high demand for these equipment in this region.

The key players profiled in the report include Electrolux AB, Duke Manufacturing Co., Inc., Dover Corporation, Ali Group, Haier Group Corporation, Hoshizaki Electric Co. Ltd., Manitowoc Company, Inc., ITW, SMEG, and Middleby Corporation.

KEY BENEFITS

  • The study provides an in-depth analysis of the world food service equipment market along with current and future trends to elucidate the imminent investment pockets.
  • The report provides information regarding key drivers, restraints, and opportunities along with their impact analysis.
  • Porters Five Forces Model of the industry illustrates the potency of buyers and suppliers.
  • The value chain analysis of the industry signifies the key intermediaries involved along with their roles and value additions at every stage in the value chain.
  • The quantitative analysis of the market for the period of 20142020 has been provided to elaborate the market potential.

FOOD SERVICE EQUIPMENT MARKET SEGMENTS

The market is segmented based on product type, washware equipment, application, and geography.

By Product Type

  • Kitchen Purpose
  • Ware Washing
  • Refrigeration Storage
  • Food Holding and Serving Products
  • Others

By Washware Equipment

  • Booster Heaters
  • Disposers
  • Dishwashers
  • Utensil Washer
  • Others

By Application

  • Residential
  • Commercial

 

By Geography

North America

  • S.
  • Canada
  • Mexico

Europe

  • UK
  • Germany
  • France
  • Italy
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

LAMEA

  • Latin America
  • Middle East
  • Africa

Key Players

  • Electrolux AB
  • Duke Manufacturing Co., Inc.
  • Dover Corporation
  • Ali Group
  • Haier Group Corporation
  • Hoshizaki Electric Co. Ltd.
  • Manitowoc Company, Inc.
  • Illinois Tool Works Inc.
  • SMEG S.p.A.
  • Middleby Corporation

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