Global Food Service Equipment Market Key Growth Factor Analysis & Research Study 2021-2027

Bharat Book Bureau Provides the Trending Market Research Report on “Food Service Equipment Market: Current Analysis and Forecast (2021-2027) “under  Food & Beverage Market Research Reports Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.


Food Service Equipment  such as cooking, washing, storage and handling equipment are used in foodservice industry for preparation and storage of food products for commercial purposes. Owing to the significant growth in the hospitality industry and increased use temperature-optimized storage equipment for perishable food have increased the overall demand for foodservice equipment worldwide. Moreover, the increasing demand for time efficient, affordable, reduced labour for food preparation is providing ample growth opportunity for the food service equipment supplier. As per a top consulting firm, the US restaurant and food service industry was valued at US$899 billion in 2019. The industry includes restaurants, carryout operations, cafeterias, university dining halls, catering and vending companies, hotels and inns, and rehab and retirement centres.

Rapid urbanization and increase in the disposable income have been boosting the foodservice equipment industry. Furthermore, the rising awareness regarding the use of eco-friendly, energy efficient equipment has been encouraging the foodservice industries for adoption of smart and efficient equipment. To add on, to enhance the customer experience, market players are working on incorporating artificial intelligence in foodservice equipment. For instance, in 2018, Samsung launched a refrigerator with IoT feature along with 21-inch display and Bixby vision. However, some of the restraints in the market includes the lack of skilled labours to operate the automated machines. Furthermore, high cost of installation of the automated machines and requirement of other automated services to set up and service charges of equipment.

Based on equipment type, the market is fragmented into cooking & preparation equipment, refrigeration equipment, ware washing equipment, storage & handling equipment, and others. Cooking & preparation segment generated revenue of USD XX million in 2020 due to its significant demand in all types of restaurants, hotels; etc. Owing to this the market is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027F. However, the storage and handling segment is expected to grow at a highest CAGR during the forecast period owing to the high demand of storage equipment for perishable and processed food. Based on the sales channel, the market is fragmented into online and offline. Through offline purchase, end-users are benefitted with offers like free servicing. Owing to this offline segment generated revenue of USD XX million in 2020 and is expected to dominate the market in the forecast period.

Based on the end-users, the market is bifurcated into full-service restaurant, quick service restaurant, hotels & pub bar clubs, and others. Owing to the increasing demand of ready to eat food, growing trend of dine out during travel time and increase in online food delivery system, the full-service restaurant is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027F

For a better understanding of the market for foodservice equipment, the report provides a detailed analysis for major region including North America (US, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, UK, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the foodservice equipment industry and generated revenue of USD XX million in 2020 owing to the increased adoption of the technologically advanced equipment in the food service industry. However, the Asia Pacific region would grow at the highest CAGR during the forecast period due to change in consumer lifestyles in countries like China & India and increasing foodservice centre in these countries.

Some of the major players operating in the market include Welbilt, The Middleby Corporation, Standex International Corporation, ITW Food Equipment Group, Dover Corporation, Haier Inc., AB Electrolux, The Manitowoc Company, Inc., Ali Group S.R.L, Duke Manufacturing, etc. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.

Browse our full report with Table of Content :
https://www.bharatbook.com/report/865131/food-service-equipment-market-current-analysis-and-forecast

About Bharat Book Bureau:
Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,80,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors.

Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: [email protected]
Website: www.bharatbook.com