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The global food service equipment market size reached US$ 34.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 47.2 Billion by 2027, exhibiting a CAGR of 5.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Food service equipment refers to tools, utensils, crockery, and cutlery that assist in preparing, storing and serving food. It is available in several types according to different food service areas. For instance, trolleys, storage racks, weighing scales, and measuring cups and spoons are used for food storage purposes. Moreover, modular gas, fryers, wet grinders, and molding machines are utilized to prepare and cook food items. Nowadays, automated multi-use equipment finds extensive application for preparing food at home or restaurants as it reduces human efforts and time.
The rising consumption of fast food on account of rapid urbanization, changing dietary patterns, inflating income levels, and busy schedules represents one of the major factors creating a favorable outlook for the market. Moreover, commercial food service establishments, such as cafes and restaurants, are introducing healthy meal options and focusing on improving food safety. This, along with the increasingly health-conscious population, is fueling the growth of the market. In addition, governing agencies of numerous countries are establishing stringent food control standards, which is catalyzing the demand for advanced food service equipment. Apart from this, the growing popularity of food tourism and luxury hotels is contributing to market growth. The rising number of bars and restaurants is also impelling the market growth. Furthermore, the leading market players are integrating advanced technologies, such as the internet of things (IoT) and big data, to enable remote maintenance and self-diagnosis features. In confluence with this, a significant rise in the adoption of smart equipment that aids restaurants in cutting down wastage, improving traceability, and reducing costs are positively influencing the market across the globe.
IMARC Group provides an analysis of the key trends in each sub-segment of the global food service equipment market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, distribution channel and end use.
Breakup by Product Type:
Breakup by Distribution Channel:
Breakup by End Use:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Electrolux, Ali group s.r.l. a socio unico, Alto-Shaam Inc., Cambro Manufacturing, Comstock-Castle Stove Co. Inc, Dover Corporation, Duke Manufacturing, Illinois Tool Works Inc., The Middleby Corporation and Welbilt.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Distribution Channel, End Use, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AB Electrolux, Ali group s.r.l. a socio unico, Alto-Shaam Inc., Cambro Manufacturing, Comstock-Castle Stove Co. Inc, Dover Corporation, Duke Manufacturing, Illinois Tool Works Inc., The Middleby Corporation and Welbilt|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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