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Global Foodservice Equipment Market: Industry Analysis & Outlook (2017-2021)

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Title: Global Foodservice Equipment Market: Industry Analysis & Outlook (2017-2021)


1
Industry Research by Koncept Analytics
Global Foodservice Equipment Market Industry
Analysis Outlook ------------------------------
----------- (2017-2021)
September 2017
2
Executive Summary


The foodservice equipment industry involves those
companies that manufacture the equipment needed
to produce, transport, store, and serve food
products. This type of equipment ranges from
large freezers and ovens to small appliances sold
at kitchen stores. Different versions of
equipments are made for large manufacturers and
smaller food providers. Foodservice equipment can
be organized into six basic categories. Cooking
equipments, storage and handling, kitchen
purpose, refrigeration, serving and ware washing
are the six main areas needed when running a
hospitality business such as a restaurant or
hotel. The exact type of foodservice equipment
required depends on the type and size of the
commercial eatery. Foodservice equipment industry
is a prominent segment of the foodservice
industry. The progress in the number of
restaurants, hotels, fast food joints have led to
the expansion of the foodservice equipment
industry. Foodservice equipments help in
preserving the sanitary and hygiene standards
which is crucial in todays environment and
various rules are laid down by different food
regulatory bodies in order to maintain and
regulate the standards since hygiene has become
an essential issue in preserving good health. The
global foodservice equipment market is set to
experience favorable growth driven by factors
such as rising global population, increasing
number of restaurants, rapid urbanization,
development of tourism industry among others. The
major trends observed include increased
automation in kitchen equipments, development of
quick service restaurants and technological
advancements. However, the growth of this budding
market is constrained by challenges such as high
cost of foodservice equipments, stringent
regulations and impact of economic downturn. The
report Global Foodservice Equipment Market
Industry Analysis Outlook (2017-2021) analyses
the development of this market, with focus on
North America, Asia-Pacific and Europe. The major
trends, growth drivers as well as issues being
faced by the market are discussed in detail in
this report. The four major players Rational AG,
Illinois Tool Works Inc., Middleby Corporation
and Welbilt, Inc. (Manitowoc Foodservice Inc.)
are being profiled along with their key
financials and strategies for growth. The report
contains a comprehensive analysis of the global
foodservice equipment market along with the study
of the regional markets.
3
Expansion of restaurant industry and rapid
urbanization supported the market for foodservice
equipment globally
Global Foodservice Equipment Market Forecast by
Value (2016-2021)
  • The global foodservice equipment market is
    estimated to reach US ..billion by the year
    2021, increasing from US ..billion in 2016,
    recording growth at a CAGR of .. for the period
    spanning 2016-2021.
  • By region, North America held the market share of
    .. followed by Asia Pacific and Europe with ..
    shares respectively.
  • North America foodservice equipment market is
    expected to reach US ..billion by the year 2021,
    increasing from US ..billion in 2016, recording
    growth at a CAGR of .. for the period spanning
    2016-2021.

Global Foodservice Equipment Market by Region
(2016)
North America Foodservice Equipment Market
Forecast by Value (2016-2021) 9
4
Development of tourism industry and
accelerating economic growth will drive the
market for foodservice equipment globally
The U.S. Foodservice Equipment Market Forecast
by Value (2016-2021)
  • In U.S., foodservice equipment market is
    anticipated to reach US ..billion by the year
    2021, increasing from US ..billion in 2016,
    recording growth at a CAGR of .. for the period
    spanning 2016-2021.
  • By product segments in the U.S., refrigeration
    equipment held the market share of .. followed
    by cooking equipment and serving equipment with
    .. shares respectively.
  • Asia Pacific foodservice equipment market is
    estimated to reach US ..billion by the year
    2021, increasing from US ..billion in 2016,
    recording growth at a CAGR of .. for the period
    spanning 2016-2021.

Asia Pacific Foodservice Equipment Market
Forecast by Value (2016-2021)
The U.S. Foodservice Equipment Market Value by
Products (2016-2021) )
5
For Report Purchase Click Belowhttp//www.koncep
tanalytics.com/Researchreport/global-foodservice-e
quipment-market-industry-analysis-outlook-2017-202
1-24461.aspx
Disclaimer
Contact Us
This is a licensed product of Koncept Analytics.
You cannot reproduce, publish, distribute,
publicly display, sell or create other works from
this report or use them in any way for commercial
purpose without our prior permission. Further,
you cannot copy this material, by any means
(including electronic copies), for distribution
to others unless you have purchased the corporate
license of this report. We believe the sources
are reliable, but Koncept Analytics does not
warranty the accuracy or completeness of the
data. The data presented in the report is updated
at the publication date but is subject to change
at subsequent releases. All possible efforts have
been made to ensure accuracy of data. However,
investors should not completely rely on the
information given in this report and must make
decisions based on their own investment strategy,
risk management and capital adequacy.
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