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Food Service Equipment Market Size, Share, Trends, Growth Analysis Report By Equipment (Food Preparation Equipment, Drink Preparation Equipment, Heating And Holding Equipment, Cooking Equipment, Refrigerators And Chillers, Baking Equipment, Merchandisers,
Food Service Equipment Market Report
The Business Research Company presents an extensive market research report on the ""Food Service Equipment Global Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the food service equipment industry. This report on food service equipment market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The food service equipment market size is expected to see strong growth in the next few years. It will grow to $51.18 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. It will grow from $36.84 billion in 2023 to $39.28 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%.
The food service equipment market size is expected to see strong growth in the next few years. It will grow to $51.18 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
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Key Market Players:
AB Electrolux, Ali Group Srl a Socio Unico, Dover Corporation, Duke Manufacturing, Haier Group Corporation are prominent players in the food service equipment industry.
Market Drivers:
According to the Food Service Equipment Market Report 2024 by The Business Research Company, the key factors driving the growth of the food service equipment market, includes the growing online food service sector. Online food service is growing due to the convenience offered, accessibility to all, expanding choices, reasonable prices, and others. Specifically, during the COVID-19 pandemic, as people needed to maintain social distancing and follow safety guidelines, customers started online ordering more frequently to reduce physical interaction between the customer and facilitator. This growth of the online food service sector required more food service equipment to be deployed to fulfill the market demand, resulting in a significant demand for food service equipment.
More information about the Global Food Service Equipment Market Report -
https://www.thebusinessresearchcompany.com/report/food-service-equipment-global-market-report
Market segments for food service equipment include:
1) By Equipment: Food Preparation Equipment, Drink Preparation Equipment, Heating And Holding Equipment, Cooking Equipment, Refrigerators And Chillers, Baking Equipment, Merchandisers, Ware Washing Equipment, Other F&B Service Equipment
2) By Distribution Channel: Online, Offline
3) By End-User: Full Service Restaurant, Quick Service Restaurant, Institutional, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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