Press release
Commercial Foodservices Equipment In The US To Grow At A CAGR Of 5.51% During The Period 2017-2021
Commercial foodservice equipment help end-users to prepare, cook, serve, and handle various food and beverage items in commercial kitchens. The growth of this market in the US is driven by the growth of the foodservice market coupled with the strategic alliance between vendors. For instance, in November 2015, Blendtec entered into a partnership with Jamba Juice, a leading juice bar chain based in the US, to improve its operational efficiency and enhance customer experience. As a part of the agreement, Blendtec supplies a unique blender, Blendtec Stealth 875, which has been designed specifically to be installed in all Jamba Juice outlets.
Technavios analysts forecast the commercial foodservices equipment in the US to grow at a CAGR of 5.51% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the commercial foodservices equipment in the US for 2017-2021. To calculate the market size, the new models of foodservice equipment that are sold to various end-users such as restaurants, hotels, catering companies, and retail formats are being considered.
Technavio's report, Commercial Foodservices Equipment in The US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Manitowoc Foodservice
Illinois Tool Works
Middleby Corporation
Standex International
Other prominent vendors
Alto-Shaam
Anchor Packaging
Cambro Manufacturing
The Vollrath Company
San Jamar
Hatco
Waring
Market driver
Increasing demand for energy-efficient equipment.
For a full, detailed list, view our report
Market challenge
High installation cost and maintenance.
For a full, detailed list, view our report
Market trend
Growing focus on advanced technology.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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