(Food-Beverage-News.Com, October 09, 2018 ) China food service equipment market is expected to reach USD 20 billion by 2025, growing at a CAGR of 7.3% over the forecast period, 2017-2025. The rising number of food service outlets and restaurants and the growing consumers for dine-in or online deliveries, pushing for the use of advanced equipment for timely execution of the orders are driving the growth in installation of food service equipment.
Cooking Equipment accounted for the largest market share of 33.4% in 2017 of China & Hong Kong food service equipment market. Cooking equipment is closely followed by the refrigerators and chillers market share and is expected to grow at a CAGR of 7.0% over the forecast period. It is dominated by China accounted for 73.1% market share in 2017, followed by Hong Kong, on the back of the growing food service industry and the foodservice equipment manufacturers. Cooking Equipment accounted for the largest market share of 31.4% in 2017 in Asia Pacific food service equipment industry.
“China & Hong Kong Food Service Equipment Market Analysis” discusses the overview of the China & Hong Kong foodservice equipment market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by equipment categories, distribution channel, end-user and geography.
The industry research reports encompass the competitive outlook of major players that summarises the business strategies, revenue distribution, product portfolio, financial analysis, R&D activities and investments. The comprehensive analysis of food service equipment market report helps the clients to assess their business strategies as per the competitive environment in the market space.
Major players of the China & Hong Kong food service equipment market discussed in the report are: Illinois Tool Works Inc., Rational AG, Fujimak Corporation, AB Electrolux, Manitowac Company Inc., Hobart Corporation, Duke Manufacturing Co.Inc., Sia Huat, Town Food Service Equipment Co. Inc., New Asia FSE Inc., etc.
Further, The market reports encompass the major trends & growth opportunities, market dynamics and other growth factors. The Food Service Equipment Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. The market analysis report also includes the expert analysis which provides the complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.
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