Food Service Equipment Market : Structure and Overview of Key Market Forces Propelling Market

Global food service equipment (commercial refrigeration) market was valued at USD 31,544 million in 2013, growing at a CAGR of 4.8% from 2014 to 2020. Food service equipment (commercial refrigeration) plays an important role in serving and storing in restaurants, hotels, fast food joints, educational institutes and hospitals among others. Moreover, commercial refrigeration equipments help in increasing shelf life of the products. Increasing number of hotels and restaurants globally is directly influencing the growth of food service equipment (commercial refrigeration) market.

However, requirement of high capital investment upfront and complexities involved in usage of food service (commercial refrigeration) equipment are hindering the market growth. Overall the food service equipment (commercial refrigeration) market is expected to grow significantly during the forecast period attributed to growth in hospitality industry across the globe.

Obtain Report Details @
https://www.transparencymarketresearch.com/food-service-equipment.html

The global food service equipment (commercial refrigeration) market by type is categorized into ice machines, refrigerated vending machines, beverage dispensers, glass door merchandisers (GDMs), commercial fridges/freezers, blast freezers, ice cream machines, ice cream cabinets, walk ins and others. In terms of revenue, the walk ins segment held the highest market share in 2014 and is expected to continue its dominance throughout the forecast period. However, beverage dispensers have the highest growth potential during the forecast period.

The global food service equipment (commercial refrigeration) market is segmented by regions into North America, Latin America, East (Europe), South West (Europe), North West (Europe), Central (Europe), Asia Pacific, Russia, China, India and Turkey & MEA. The growth of food service equipment (commercial refrigeration) market is primarily driven by the growing hospitality industry across the globe.

Make an Enquiry @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1547

In 2014, North America held the largest market share in terms of revenue among other regions and it is expected to maintain its dominance throughout the forecast period. Already established hospitality industry in North America is considered as the major factor leading to the dominance of this region. In addition, technological advancement in the field of food service equipment is further driving the growth of North America food service equipment (commercial refrigeration) market.

Some of the major players in the global food service equipment (commercial refrigeration) market are: Ali Group (Italy), Meiko (Germany), Hobart Corporation (U.S.), Manitowoc Company Inc. (U.S.), Fujimak Corporation (Japan), Hoshizaki Electric Co., Ltd. (Japan), Libbey Inc. (U.S.), Dover Corporation (U.S.), Duke Manufacturing Co. Inc. (U.S.), Electrolux AB (Sweden), Tupperware Brands Corporation (U.S.), Vollrath Co. (U.S.), Middleby Corporation (U.S.) and Rational AG (Germany) among others.

Get ToC@
https://www.transparencymarketresearch.com/report-toc/1547

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.