25-Oct-2024
Increased demand for temperature-controlled storage for food along with the surge in a number of restaurants are key factors driving the food service equipment market growth.
The Food Service Equipment Market is expected to grow at a CAGR of 8.9% from 2021-2030, according to a new research report by Next Move Strategy Consulting.
Food service equipment is used for the preparation or storage of food in restaurants and other commercial establishments. This equipment is increasingly getting popular in commercial kitchens due to the need for preparing and storing bulk amounts of food daily. Also, the rising number of pubs, restaurants, and cloud kitchens are among the other factors expected to drive the market growth. Additionally, changing food habits as well as various developments taking place in the hospitality industry are also contributing towards the growth of the market. However, the high cost of this equipment is expected to restrict the market growth within the forecast period to some extent.
On the basis of type, the market is segmented into cooking equipment, storage and handling equipment, ware washing equipment, food and beverage preparation equipment, and serving equipment. On the basis of end users, the market is segmented into full-service restaurants and hotels, quick-service restaurants and pubs, and catering. Based on geography the market is segmented into North America, Europe, Asia Pacific, and RoW.
According to the report, some of the key players in the market are Cambro Manufacturing Co. Inc., Alto-Shaam, Inc., Duke Manufacturing Co. Inc., Castle Stove, Electrolux, Dover Corporation, Ali S.p.A, Illinois Tool Works Inc., Welbilt, Inc., and Middleby Corporation among others.
Key Insights from the Food Service Equipment Market Report:
Current and emerging trends along with opportunities are extensively analyzed in the food service equipment market report.
The forecast of the food service equipment market comes along with additional information associated with opportunities, restraints, and key drivers in the market.
The report food service equipment market – is segmented by product type, end-user, and geography.
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About Next Move Strategy Consulting
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to delivering high-quality, market research reports that help multinational companies to triumph over their competition and increase their industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining, and data analytics.
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