Food Service Equipment Market Brief Analysis By Top Key Players - Haier Electronics Group Co., Ltd., Duke Manufacturing Co. Inc., Illinois Tool Works (ITW) Inc., Fujimak Corporation, Duke Manufacturing Co. Inc., Ali Group, Hoshizaki Corporation, Middleby

According to the new market research “Food Service Equipment Market, [By Type (Cooking Equipment, Serving Equipment, Refrigeration Equipment, Storage Equipment, Warewashing Equipment, Food & Beverage Preparation Equipment, Others); By End-User (Hotels and Clubs, Full Service Restaurants, Quick Service Restaurants, Others); By Region]: Market size & Forecast, 2018 – 2026", The Food Service Equipment market is expected to reach USD 62 billion by 2026 from USD 39.1 billion in 2017, at a CAGR of 5.3%.

Food service equipment such as cooking equipment, ware washing equipment, storage equipment, refrigeration equipment, and serving equipment among others are used for cooking, cleaning, and storage in commercial establishments. This equipment are used in hotels, restaurants, clubs, and commercial offices. This equipment are designed for continuous usage with ability to withstand large amount of electricity.

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Major Key Player In Food Service Equipment market report include: -

Dover Corporation
Haier Electronics Group Co. Ltd.
Duke Manufacturing Co. Inc.
Illinois Tool Works (ITW) Inc.
Fujimak Corporation
Duke Manufacturing Co. Inc.
Ali Group
Hoshizaki Corporation
Middleby Corporation
Manitowoc Company Inc
AB Electrolux.

The North America Food Service Equipment market generated the highest revenue in 2017 owing to high disposable income and high living standards of consumers. The changing lifestyles and growth in hospitality industry boosts the growth of the market.

The demand for food service equipment has increased over the years owing to growth in the hospitality industry. The number of food service establishments has increased significantly, driving the growth of the Food Service Equipment market. Growing urbanization, improving lifestyles, and increasing disposable incomes of consumers support the growth of the market. Increasing awareness regarding the use of efficient & environmental friendly equipment promotes the adoption of food service equipment.

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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Food Service Equipment Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

Competitive Landscape

The global Food Service Equipment market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

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