(Food-Beverage-News.Com, October 10, 2018 ) According to the report, Asia-Pacific food service equipment market is expected to reach USD 100 billion by the end of 2025, growing at a CAGR of 6.81% over the forecast period, 2017-2025. Growth in a number of foodservice outlets and restaurants majorly the full-service restaurants are driving the growth of Asia-Pacific foodservice equipment market. Asia-Pacific Foodservice equipment market segmentation has been done on the basis of equipment categories, distribution channel, end-user, and geography. Cooking equipment accounted for the largest market share of 31.4% in 2017 followed by the refrigerators and chillers market share and is expected to grow at a CAGR of 7.0% over the forecast period.
Pacific Foodservice equipment market is dominated by China for the largest market share of 34.1% in 2017, followed by India, Australia, and Singapore, on the back of growing food service industry and the foodservice equipment manufacturers in these countries.
“Asia Pacific Food Service Equipment Market Outlook 2024” contains a detailed overview of the Asia Pacific foodservice equipment market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by equipment category, distribution channel, end-users, and countries.
The Asia Pacific Food Service Equipment Market Report encompasses 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 Asia Pacific foodservice 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., SiaHuat, Town Food Service Equipment Co. Inc., New Asia FSE Inc., etc.
Further, Asia Pacific Food Service Equipment Market Report encompasses 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 report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.
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