Global Food Service Equipment Market (2016-2021)-GMI Research

The global food service equipment market has witnessed a substantial growth in recent years. The growth in hospitality industry coupled with rise in the quick service restaurants worldwide are the key factors which have fuelled the growth of the food service equipment market. The technological advancements in the food service equipment's especially which are being used in the refrigeration industry is a major trend which will propel the said market during the forecast period.

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North American region holds the largest market share in the global food service equipment market. The key factor fuelling the growth of the said market in the North American region is the increased usage of technologically advanced food service equipment's. Asia-Pacific region is expected to grow at the highest rate during the forecast period owing to the increased demand for food service equipment from major economies such as India, China and Japan. The growth in hospitality and food industry as well as rising trend of nuclear families will further boost the growth of the food service equipment market in the Asia-Pacific region.

This research report on food service equipment market provides in-depth analysis of the global market based on product type, end-user and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for food service equipment market. The report also analyses the competitive landscape and the major player and their market share in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.

The report also profiles the major companies active in this field, including Welbilt, ITW Food Equipment Group, The Middleby Corporation, Ali Group, Standex International, Vollrath Company LLC., IMI Cornelius, Rational AG, Dover Corporation, Hoshizaki Corporation.

Key questions this research would answer:

1- Is the food service equipment market growing? How long will it continue to grow and at what rate?

2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?

3- What are the regional revenue and forecast breakdowns? What are the regional hotspots for growth in the food service equipment market?

The global food service equipment market is segmented on the basis of product type, end-user and geography:

Global Food Service Equipment Market by Product Type
• Cooking
• Refrigeration & Ice Machine
• Storage & Handling
• Warewashing & Sanitation
• Serving
• Food Preparation

Global Food Service Equipment Market by End-User
• Full Service
• Limited Service
• Others

Global Food Service Equipment Market by Region
• North America
• Europe
• Asia-Pacific
• RoW

Global Food Service Equipment Market Competitive Landscape
• Major Players and their Market Share Analysis
• New product launches
• Mergers and acquisitions
• Collaborations, partnerships, agreements and joint ventures

Detailed Report Link: https://www.gmiresearch.com/report/global-food-service-equipment-market-2016-2021-share-trends-players-product-type-growth-opportunities.html

GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.

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This release was published on openPR.