Global Food Service Equipment Market Trends
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 5.5 %, during the tenure of 2021 – 2027.
As per a forecast by IBIS World, there will be over 102, 389 restaurant chains in the United States by 2020. In the future years, it is estimated to increase substantially. The trend of consuming food across hotels and restaurants is being fueled by urbanisation and rising disposable income among the workforce. Changes in taste preferences and the availability of various foreign cuisines are also expected to stimulate demand for this equipment around the world. During in the forecast period, the increased usage of modern food service equipment is expected to positively impact food service equipment market’s growth.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Valve Driverin the region, the Value – Chain analysis, and the PORTER’s analysis for the Valve Drivermarket at a global level.
The study is consolidated on the basis of segments and further into sub-segments by equipment type (Kitchen Purpose Equipment (Cooking Equipment, Food & Beverage Equipment), Refrigeration Equipment, Ware Washing Equipment, Food Holding & Storing Equipment, and Others), by sales channel (Online and Offline), and by end-user (Full Service Restaurant (FSR), Quick Service Restaurant (QSR), Institutional, and Others).
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players– Duke Manufacturing Co. Inc, Electrolux, Dover Corporation, Illinois Tool Works (ITW) Inc., Ali Group S.r.l. a Socio, Unico, Welbilt Inc., Middleby Corporation, Alto-Shaam Inc., Comstock-Castle Stove Co. Inc., Haier Inc., Fujimak Corporation, Hoshizaki, SMEG S.p.A., Manitowoc, CAMBRO, MANUFACTURING CO. INC., Gree, and Joyoung.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Food Service Equipment Market.”
https://www.maximizemarketresearch.com/market-report/global-food-service-equipment-market-2/119916/
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