Food Service Equipment Market Worth US$ 45 Billion by 2022
Market Research Engine has published a new report titled as “Food Service Equipment Market By Product Segment Analysis (Ice cream machines, Blast freezers, Commercial fridges/ freezers, Glass door merchandisers, Beverage dispensers, Refrigerated vending machines) - Global Industry Analysis and Forecast 2016 - 2022”
Deerfield Beach, FL -- (SBWire) -- 11/25/2016 --How Big is the Food Service Equipment Market?
The food service equipment market is expected to exceed more than US$ 45 Billion by 2022; Growing at a CAGR of more than 4.75% in the given forecast period.
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The food service equipment market is measured to be volatile as an outcome of the vacillation in the trends of different equipments and application markets globally. The increase in number of restaurants and hotels globally is owing to the development in food service equipment market. The change in lifestyle of the working people is also ensuring the requirement for ready to cook food.
This is resulting in the increase of retail outlets and super markets leading to the order for commercial refrigeration equipment. In addition, commercial refrigeration equipment also used in many applications such as in hospitals to preserve medicines and vaccines. Approval of high end technologies and the growth of hospitality industry across many geographic locations are generating new opportunities for the food service equipment (commercial refrigeration) manufacturers worldwide.
The major driving factors of food service equipment market are as follows:
Require energy efficiency
Growing demand for cost efficient food service equipment
Rising many hotels and restaurants globally
The restraining factors of food service equipment market are as follows:
Complexities related with the handling of equipment
High capital investment
The food service equipment market is segmented on the lines of its product and regional. Based on product segmentation it covers walkins, ice cream cabinets, ice cream machines, blast freezers, commercial fridges/ freezers, glass door merchandisers (GDMs), beverage dispensers, refrigerated vending machines, ice machines and others. The food service equipment market's geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
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This report provides:
1) An overview of the global market for food service equipment and related technologies.
2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2022.
3) Identifications of new market opportunities and targeted promotional plans for food service equipment.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The scope of the report includes a detailed study of global and regional markets for various Food service equipment market for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include .Ali Group, Meiko, Hobart Corporation, Manitowoc Company Inc., Hoshizaki Electric Co., Ltd. Cambro Manufacturing Company Inc. and Dover Corporation among others. Company profile includes assign such as company summary, financial summary,business strategy and planning, SWOT analysis and current developments. The Top Companies Report is intended to provide our buyers with a snapshot of the industry's most influential players.
The Food Service Equipment Market has been segmented as below:
By Product Segment Analysis
Ice cream cabinets
Ice cream machines
Commercial fridges/ freezers
Glass door merchandisers (GDMs)
Refrigerated vending machines
By Regional Analysis
Rest of the World
Reasons to Buy this Report:
1) Obtain the most up to date information available on all food service equipment market.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of food service equipment data.
4) Assess your competitor's refining portfolio and its evolution.
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