Foodservice Equipment Market Scope
Foodservice equipment includes all pieces of equipment of linen, cutlery, crockery, and glassware, among others used by the guests and the staff in the service area. Development of the hospitality industry is one of the major driver contributing to the growth of the market.
The market study is being classified by Type (Cooking Equipment, Storage & Handling Equipment, Ware washing Equipment, Food & Beverage Preparation Equipment, Serving Equipment and Others), by Application (Full-service Restaurants & Hotels, Quick-service Restaurants & Pubs, Caterings and Others) and major geographies with country level break-up. According to AMA, the Global Foodservice Equipment market is expected to see growth rate of 6.5%
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Foodservice Equipment market throughout the predicted period.
Dover Corporation (United States), Haier Electronics Group Co., Ltd. (Hong Kong), Duke Manufacturing Co. Inc. (United States), Illinois Tool Works (ITW) Inc. (United States), Fujimak Corporation (Japan), Duke Manufacturing Co. Inc. (United States), Ali Group (Italy), Hoshizaki Corporation (Japan), Middleby Corporation (United States), Manitowoc Company Inc. (United States) and AB Electrolux (Sweden) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Alto-Shaam, Inc. (United States), Cambro Manufacturing Co. Inc. (United States), Comstock Castle Stove Co (United States), Duke Manufacturing Co. Inc. (United States) and Welbilt, Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Foodservice Equipment market by Type, Application and Region.
On the basis of geography, the market of Foodservice Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018.
Market Leaders and their expansionary development strategies
On 6 March 2019, Hoshizaki America, Inc. was awarded a Kitchen Innovations (KI) Award by the National Restaurant Association for the second year in a row. This prestigious foodservice industry award recognizes progressive new equipment that increases efficiencies and productivity. and On 4 Feb. 2019, Electrolux Professional, the Billion-dollar professional laundry and professional kitchen equipment division of Electrolux, the global consumer appliances leader, has initiated the process to become a stand-alone public company in 2020.
On 13 Aug 2019, Alto-Shaam, a leading innovator in the global foodservice equipment industry, has launched the latest version of its Vector H Series Multi-Cook ovens with a new design, advanced user-friendly interface, and the ability to customize each oven with colors to match a customerís desired front-of-house experience at Host. and On 12 Oct 2018, Alto-Shaam, the global manufacturer of commercial ovens for foodservice and retail operations, has announced a new range of Vector Multi-Cook ovens, designed and approved for European customers and featuring its patented Structured Air Technology.
- Visually Appealing and Multi-Functional Cooking Equipment
- Equipment that Reduces Labor
- Development of the Hospitality Industry
- Increase in Use of Temperature-Controlled Storage Equipment for Perishable and Processed Food Items
- The Growth Potential from Developing Countries
Key Target AudienceFood Service Equipment Manufacturers, Food Service Equipment Raw Material Suppliers, Food Service Equipment Traders/Distributors, Food Service Equipment Importer/Exporter, Regulatory & Government Bodies, Industry Associations, End Users and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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