Food Service Equipment Market with (Covid-19) Impact Analysis (By Type: Kitchen Purpose, Refrigerator, Storage, Ware Washing, Food Holding & Serving and Others; By Wash Ware Equipment: Booster Heaters, Dish Washers, Disposers, Utensil Washer and Others; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2027
Global Food Service Equipment Market is forecasted to reach $63 billion by 2024; growing at a CAGR of 5.6% between 2016 and 2024. Food service equipment is widely adopted in the commercial food and beverages industry. Now days, people prefer nutritious and hygienic food. This has headed to a great opportunity in the foodservice equipment industry. Restaurant owners are trying to incorporate innovative equipment to meet the ever growing demand for food. Increasing adoption of digitalization and development of modernized products equipped with internet connectivity is likely to drive the food service equipment market. Moreover, surge in number of hotels, restaurants, food joints and growing awareness of energy consumption is also anticipated to boost the growth of the market. However, high maintenance cost and equipment cost may hinder the growth of the market. Untouched markets in emerging economies would provide opportunity in the upcoming years. The food service equipment market has been segmented into type, washware equipment and geography. By type is further segmented into refrigerator, kitchen purpose storage, food holding & serving, ware washing and others. Washware equipment is further segmented into dish washers, booster heaters, utensil washer, disposers, and others. Geographically, the food service equipment market is bifurcated into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers United Kingdom, Germany, Russia and others. Asia-Pacific covers China, India, Japan, and others. Rest of the world (RoW) covers South America, Middle East and Africa. Key market players include Dover Corporation, Tupperware Brands Corporation, Ali S.p.A, Welbilt Inc., Middleby Corporation, Libbey Inc., Hoshizaki Electric Co. Ltd., Ali Group and Cambro Manufacturing Company, Inc., among others The key takeaways from the report ? The report will provide detailed analysis of Food Service Equipment Market with respect to major segments such as type and washware equipment ? The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024 ? Comprehensive analysis of market dynamics including factors and opportunities is included in the report ? An exhaustive regional analysis of Food Service Equipment Market will be provided in the report ? Profile of the key players in the Food Service Equipment Market, which include key financials, product & services, new developments and business strategies Scope of Food Service Equipment Market Type Segments ? Kitchen Purpose ? Refrigerator ? Storage ? Ware Washing ? Food Holding & Serving ? Others Washware Equipment Segments ? Booster Heaters ? Dish Washers ? Disposers ? Utensil Washer ? Others Geography Segments ? North America o US o Canada o Mexico ? Europe o Germany o Russia o United Kingdom o Others ? Asia-Pacific o China o India o Japan o Others ? RoW o South America o Middle East o Africa "