Asia-Pacific Food Service Equipment Market to Reach USD 100 Billion by 2025

According to Goldstein Research, Asia-Pacific food service equipment market is expected to reach USD 100 billion by the end of 2025, growing at a CAGR of 6.81% over the forecast period, 2017-2025. Growth in a number of food service outlets and restaurants majorly the full-service restaurants are driving the growth of Asia-Pacific food service equipment market.

Asia-Pacific Food service equipment market segmentation has been done on the basis of equipment categories, distribution channel, end-user and geography. Cooking equipment accounted for the largest market share of 31.4% in 2017 followed by the refrigerators and chillers market share and is expected to grow at a CAGR of 7.0% over the forecast period.

Asia-Pacific Food service equipment market is dominated by China for largest market share of 34.1% in 2017, followed by India, Australia and Singapore, on the back of growing food service industry and the food service equipment manufacturers in these countries.

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Market Segmentation

On the basis of our in-depth analysis, Asia-Pacific Food Service Equipment Market can be segmented as follows:

By Equipment Categories

o Food Preparation Equipment
o Drink Preparation Equipment
o Cooking Equipment
o Refrigerators and Chillers
o Wash Ware

By Distribution Channel

o Online
o Offline
o
By End-User

o Full Service Restaurants
o Quick Service Restaurants
o Hotels and Clubs
o Caterers

By region

o China Food service equipment {Market Share (%), Market Size (USD Billion)}
o India Food service equipment {Market Share (%), Market Size (USD Billion)}
o Japan Food service equipment {Market Share (%), Market Size (USD Billion)}
o Australia Food service equipment {Market Share (%), Market Size (USD Billion)}
o Vietnam Food service equipment {Market Share (%), Market Size (USD Billion)}
o Philippines Food service equipment {Market Share (%), Market Size (USD Billion)}
o South Korea Food service equipment {Market Share (%), Market Size (USD Billion)}
o Thailand Food service equipment {Market Share (%), Market Size (USD Billion)}
o Rest of Asia Pacific Food service equipment {Market Share (%), Market Size (USD Billion)}

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“Asia-Pacific Food Service Equipment Market Outlook 2024” contains detailed overview of the Asia-Pacific Food service equipment market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by equipment category, distribution channel and end-users.

Further, for the in-depth analysis, Asia-Pacific Food Service Equipment Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Illinois Tool Works Inc., Rational AG, Fujimak Corporation, AB Electrolux, Manitowac Company Inc., Hobart Corporation, Duke Manufacturing Co.Inc., Sia Huat, Town Food Service Equipment Co. Inc., New Asia FSE Inc., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the Asia-Pacific Food service equipment market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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