(Food-Beverage-News.Com, November 14, 2018 ) Food Service Equipment Market Research and Analysis to 2026 - Major Top Vendors are Dover Corporation, Haier Electronics Group Co., Ltd., Illinois Tool Works, Fujimak Corporation, Ali Group, Hoshizaki Corporation, Middleby Corporation
The global Food Service Equipment market generated USD 39.1 billion in 2017 and is anticipated to grow at a CAGR of 5.3% during the forecast period according to a new study published by Polaris Market Research.
Food service equipment such as cooking equipment, warewashing equipment, storage equipment, refrigeration equipment, and serving equipment among others are used for cooking, cleaning, and storage in commercial establishments. These equipment are used in hotels, restaurants, clubs, and commercial offices. These equipment are designed for continuous usage with ability to withstand large amount of electricity.
The demand for food service equipment has increased over the years owing to growth in the hospitality industry. The number of food service establishments has increased significantly, driving the growth of the Food Service Equipment market. Growing urbanization, improving lifestyles, and increasing disposable incomes of consumers support the growth of the market. Increasing awareness regarding the use of efficient & environmental friendly equipment promotes the adoption of food service equipment.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Food Service Equipment Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
The North America Food Service Equipment market generated the highest revenue in 2017 owing to high disposable income and high living standards of consumers. The changing lifestyles and growth in hospitality industry boosts the growth of the market.
Competitive Landscape and Key Vendors
The global Food Service Equipment market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the Food Service Equipment market report include Dover Corporation, Haier Electronics Group Co., Ltd., Duke Manufacturing Co. Inc., Illinois Tool Works (ITW) Inc., Fujimak Corporation, Duke Manufacturing Co. Inc., Ali Group, Hoshizaki Corporation, Middleby Corporation, Manitowoc Company Inc, and AB Electrolux among others.
Full Service Restaurants Quick Service Restaurants Hotels and Clubs Others Region
North America S. Canada Mexico Europe Germany UK France Italy Rest of Europe Asia-Pacific China India Japan Rest of Asia-Pacific Latin America Brazil Rest of Latin America Middle East and Africa
Polaris Market Research is a global market research and consulting company. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
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Mr. Neel Corporate Sales, USA Polaris Market Research Phone: 1-646-568-9980 Email: neel@polarismarketresearch.com Web: https://www.polarismarketresearch.com/
