Food Service Equipment Market Aiming Higher Anticipating Market Size's Soaring Potential | AB Electrolux, Duke Manufacturing Co. Inc., Dover Corporation

Food Service Equipment Market research with many aspects of the enterprise like the market size, market status, market trends, and future insights or futuristic records alternatively of subsequent 10 years, the file additionally gives in depth evaluation of the opponents and the particular increase possibilities with key market drivers. The file consists of pinnacle primary fundamental player's evaluation alongside with proceeds stream, CAGR status, SWOT and PESTLE evaluation increase fame in every geographical region. This lookup is an ideal aggregate of qualitative and quantitative market facts accumulated from principal and secondary sources. This market file pursuits to similarly complicated on the modern situation and his have an effect on of COVID-19 on the enterprise as a whole. The record in addition delves into the main aspects of the market and examines every segment.

Foodservice equipment are used for food cooking, preparation, and storage for commercial purposes. Foodservice equipment market comprises cookware, wash-ware, preparation, storage, and serving equipment. These equipment play vital role in hotels, restaurants, commercial institutes and budgetary hotels among others for food cooking and preparation purposes. Increase in global working population has fueled the demand for food service equipment in the recent years.

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Increasing demand for refrigerated food products and growing inclination towards junk food has fueled the adoption of food service equipment, worldwide. In addition, improvement in hygiene standards and growth in awareness regarding energy scarcity has encouraged customers to adopt energy-efficient products. Shift to modular kitchens with advanced features has boosted the demand for kitchen food service equipment.

Rise in number of small cafes and restaurants, developments in urban infrastructure in both developed & developing countries, and the increase in disposable income are factors contributing to the gradual growth of the foodservice equipment market. The stringent government regulations regarding refrigerant leakages and emission in the last few years has driven the market towards replacement products as the companies need to replace their existing equipment with new energy-efficient devices. However, high capital investment and complexities associated with the usage of equipment restrict the market growth.

The foodservice equipment market is segmented based on product type, end user, and geography. Based on product type, the market is divided into cooking equipment, WA rewashing equipment, storage & holding equipment, food & beverage preparation equipment, and serving equipment. Cooking equipment, such as fryers, grills, ovens, and others, have been discussed in the report. Cooking equipment and storage & handling equipment together accounted for more than 58% market share in 2015.

Increasing investments in hotel and restaurant industry, demand for ready-made food, and vast varieties in food products offered by these hotels have contributed to the significant growth of these equipment in North America. Globally, the storage & handling equipment segment is expected to grow at a fastest CAGR of 6.7%. Cooking equipment accounted for the maximum revenue share in 2015 and is anticipated to maintain its position during the forecast period, owing to its vast usage in commercial kitchens. Serving equipment includes utensils and equipment for serving purposes. These equipment are not high in cost and normally, bulk purchases are not required; thus, the market is growing at a slow pace.

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By end users, the market is segmented into full-service restaurants & hotels, quick-service restaurants & pubs, and caterers. Quick-service restaurants are expected to grow at a highest CAGR of 7.1%, due to convenience they offer and growing demand for fast food. High-end luxurious hotels, lodging, and dining hotels come under Full-service restaurants.

Geographically, it is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America is the major contributor to the revenue, followed by Europe. Factors such as increase in health awareness, rise in disposable income, and growth in demand for processed food are expected to drive the market growth.

The report covers a number of variables, such as the COVID-19 containment status, the recovery of the end-user market, and the recovery timeline for 2020- 2021.

With regard to the COVID-19 Outbreak Impact Analysis:

In light of COVID-19, the report examined market trends.
On the basis of the upstream and downstream markets, the study examined COVID-19's effects on the manufacturing industry's supply chain.
We examine how COVID-19 has affected diverse regions and significant nations.
It is noted how COVID-19 will affect the industry's future growth.

Examined in the study are:

Market behavior, risk, and opportunity levels
An assessment of end-industry behavior and opportunity
An anticipated timeline for industry recovery.
Each study is more than 100 pages long and is jam-packed with graphs, tables, insightful text, and coverage of in-depth custom market reports that provide crucial market data for the industry.

KEY BENEFITS

This report provides an in-depth analysis of the global foodservice equipment market to understand the potential investment pockets.
The report outlines current trends and future scenarios to determine the overall market potential and identify profitable trends to gain a stronger foothold in the market.
This report provides information regarding key drivers, restraints, and opportunities, along with their detailed impact analysis.
The report offers quantitative analysis of the market from 2014 to 2022 to understand the financial competency of the market.
Porter's Five Forces Model highlights the competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, strength of the buyers, and strength of the suppliers operating in the market.
Value chain analysis provides a clear understanding on the roles of stakeholders involved.

Market Players in Value Chain

AB Electrolux
Duke Manufacturing Co. Inc.
Dover Corporation
Hoshizaki Corporation
Illinois Tool Works Inc.
Haier Electronics Group Co. Ltd.
Ali S.p.A
Manitowoc Foodservice, Inc.
The Middleby Corporation
Fujimak Corporation

Other companies in the value chain include:

Standex International Corporation
Hobart Corporation
The Vollrath Company, LLC
Rational AG
Libbey Inc.
Cambro Manufacturing Co. Inc.
Alto-Shaam, Inc.,
TriMark USA,LLC,
Edward Don & Company
Boelter
Nisbets Plc. Catering Equipment Supplies
The Moffat Group
Castle Stove
Montague

Market Segmentation

By Product Type

Cooking Equipment
Storage & Handling Equipment
Warewashing Equipment
Food & Beverage Preparation Equipment
Serving Equipment

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By End User

Full-Service Restaurants & Hotels
Quick-Service Restaurants & Pubs
Caterers

By Region

North America
U.S.
Canada
Rest of U.S.
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Australia
Japan
India
Rest of Asia-Pacific
LAMEA
Brazil
UAE
South Africa
Rest of LAMEA

Table of Content:

Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix

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