Food Service Equipment Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity.
The global Food Service Equipment Market size is projected to reach a CAGR of 6.4% from 2023-2030.
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Food service equipment is used for the preparation and storage of food products for commercial purposes. This equipment includes cooking equipment, storage & handling equipment, ware washing equipment, food & beverage preparation equipment, and serving equipment. This equipment is used in the food services industry such as restaurants, hotels, and other commercial kitchens.
Changing food consumption patterns, increased demand for takeaways, and the expanding hospitality sector are some of the key factors driving the market. Furthermore, factors such as increasing digitalization, the need for sustainable & eco-friendly equipment, and stringent consumer safety norms are expected to create promising growth opportunities for the market in the near future.
Key Findings:
• The product segment is further segmented into Kitchen Purpose Equipment, Refrigeration Equipment, Ware Washing Equipment, Food Holding & Storing Equipment, and Others. The kitchen purpose equipment segment accounts for the largest revenue share and is anticipated to dominate the market during the forecast period.
• The end-user segment is further fragmented into Full-Service Restaurants (FSR), Quick Service Restaurants (QSR), Institutional, and Others. The Full-Service Restaurant (FSR) segment accounted for the dominant revenue share and is anticipated to dominate the market during the forecast period.
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The Asia Pacific market accounted for the highest revenue share and is anticipated to dominate the market during the forecast period.
Competitive Landscape of Food Service Equipment Market:
• AB Electrolux
• Ali Group S.r.l. a Socio Unico
• Dover Corporation
• Duke Manufacturing
• Haier Group
• SMEG S.p.A.
• The Middleby Corporation
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Recent Developments
• May 2021 - AB Electrolux - the first product using the most climate-friendly CO2 natural refrigerant was launched on the market. The CO2 option is available for refrigerated cabinets, freezers, counters, Blast Chillers, and several other refrigerated products.
• July 2022 - The Middleby Corporation - announced the acquisition of Colussi Ermes, a leading worldwide manufacturer of automated washing solutions for the food processing industry. Located in Pordenone, Italy the company has approximately $50 million in annual revenues.
Reasons to Acquire
• Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
• Gain authentic and granular data access for Food Service Equipment Market so as to understand the trends and the factors involved in changing market situations.
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
Key Features of Global Market Report:
• Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
• Identify growth opportunities for stakeholders by pinpointing high-growth segments.
• Study global industries status and forecast, focusing on key regions.
• Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
• Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
• Assist in making strategic business decisions and investment plans.
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In addition to the market data for Food Service Equipment Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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