Food Service Equipment Market 2024 | By Application Type, By Industry Type, By Brand and major players

(MENAFN- America News Hour) Global Food Service Equipment Market is forecasted to reach $63 billion by 2024; growing at a CAGR of 5.6% from 2016 to 2024. Food service equipment is majorly designed for the commercial food and beverage sector which includes, restaurants, hotels, cafes and others. There are increasing number of diners and also prefer clean & hygienic environment and nutritious food. The food industry has to keep evolving and develop as per customer's preferences. This has led to the adaption of advanced technologies in the foodservice equipment market.
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The penetration of quick service restaurants in various cities have compelled the restaurant owners to incorporate the advanced and innovative equipment to meet he ever growing demand for food. Additionally, the ever-expanding menu diversity has led to design the equipment that can make smaller-batch food in short time. Introduction of food trucks and display cooking have also led to customize the designs of the equipment according to the needs of the owners.

Increasing number of restaurants, hotels and food joints and expansion of digitalization are the factors supporting the growth of the food service equipment market. Rising awareness of energy consumption and development of advanced equipment with internet connectivity also fuels the growth of the market. Though, high cost of maintenance and equipment may restrain the growth of the market. Nevertheless, emerging restaurants and hotels in emerging economies can provide growth opportunities in the forecast period.

The food service equipment market is categorized based on the washware equipment, type and geography. Washware equipment is segmented into disposers, dish washers, booster heaters, utensil washer and others. Furthermore, by type is further segmented into storage, kitchen purpose, ware washing, refrigerator, food holding & serving and others.

By geography the market is segmented 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, Welbilt Inc., Middleby Corporation, Tupperware Brands Corporation, Hoshizaki Electric Co. Ltd., Libbey Inc., 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 washware and type 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
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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 will be provided, which include key financials, product & services, new developments and business strategies
Scope of Food Service Equipment Market
Washware Equipment Segments
Disposers
dish washers
booster heaters
utensil washer
others
Type Segments
storage
kitchen purpose
ware washing
refrigerator
food holding & serving
others
Geography Segments
North America
US
Canada
Mexico
Europe
Germany
Russia
United Kingdom
Others
Asia-Pacific
China
India
Japan
Others
RoW
South America
Middle East
Africa
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