Food Service Equipment Market is segmented into Product (Cooking Equipment, Storage & Handling Equipment, Warewashing Equipment, Food & Beverage Preparation Equipment, Serving Equipment), End use (Full-service Restaurants & Hotels, Quick-service Restaurants & Pubs, Caterings), and Geography (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa).
Growth in the hospitality industry and restaurant across the globe is driving the demand for foodservice equipment market. Furthermore, increasing demand for energy efficient and cost-effective products in the food and beverage industry is also expected to have a robust impact on the foodservice equipment market. Also, the increase in quick-service restaurants is also expected to influence the foodservice equipment market significantly. Increasing concerns of food safety among the consumer worldwide are anticipated to generate untapped opportunity for the market participants. However, high capital investment is the major restraint that could hinder the growth of the market.
By product, cooking equipment garnered the highest share in 2017, rising at significant CAGR of XX %. Increase in popularity of creative cooking and baking has resulted in change of dine out options for consumers. Therefore, to offer best services to customers, restaurants invest in different types of cooking equipment, which fuel the market growth. However, storage & handling segment is anticipated to grow at the highest CAGR of XX % throughout the forecast period. Storage & handling was the next highest revenue contributor in 2017, on account of increase in use of temperature-controlled storage equipment for perishable and processed food.
The report for global food service equipment market includes of wide primary research together with the detailed analysis of qualitative as well as quantitative aspects by several industry experts, main opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear image of current market scenario which contains historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report delivers details information and strategies of the top key players in the industry. The report also gives a comprehensive study of the different market segments and regions.
Maximize Market Research has comprehensively analyzed Global food service equipment market. The driving forces as well as considerable restraints have been explained in depth to attain a balanced scenario. Segment wise market size and market share during the forecast years is duly addressed to portray the probable picture of this exuberant industry. The competitive landscape comprising of key innovators, service providers, market giants as well as niche players is studied and analyzed extensively with respect to their strengths, weaknesses as well as value addition prospects. Report presents significant case studies along with the success stories to motivate and guide the like minds. In addition, Report displays current consolidation trends with respect to prominent mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, emerging business models. This will enable the reader to comprehend whole Global food service equipment market with utmost ease and clarity.
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