Food Service Equipment - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Food Service Equipment Market is accounted for $34.20 billion in 2019 and is expected to reach $64.72 billion by 2027 growing at a CAGR of 8.3% during the forecast period. Some of the key factors propelling the market growth include development of the hospitality industry, increase in the use of temperature-controlled storage equipment for perishable and processed food items, rise in the food service industry, rise in business related travel, surge in urban population, and rise in number of food joints such as hotels and restaurants. However, high price of food equipment and lack of skilled operators are identified as key factors hindering the market growth.
The food service equipment is required to store, prepare, and transport food products for commercial & industrial purposes. The various Food Service Equipment includes a range of ware washing equipment, storage equipment, food & beverage preparation equipment, heating & holding equipment, refrigerators & chillers, baking equipment to name a few. With advancement in technologies like Machine Learning & Artificial intelligence Food Service Equipment Market industry is highly expected to grow. This equipment is used across food service industries such as hotels, restaurants, and any commercial kitchens.
By sales channel, offline sales channel is projected to grow exponentially in the near future, owing to their demand for higher accuracy and capacity across the food and beverage industry. This sales channel allows the customer to review the technical specifications of the food service machines personally, offering a wider analysis and importance of the equipment. Offline sales of these equipment offers post purchase services and equipment warranty, thus surging the food service equipment market worldwide.
On the basis of geography, the European food service industry including hotel & restaurant is witnessing rapid growth owing to the rapidly developing travel & tourism industry. Restaurants across the region are adopting advanced food service machines to improve their services, thus supporting the Europe food service equipment market growth. Additionally, the growing demand for baked as well as frozen food products, especially in UK, Germany, and France will create huge demand for food service machinery over the forecast timeline. Food processing companies install large commercial refrigerators to store food products, keeping it fresh and hazard free.
Some of the key players in food service equipment market include Illinois Tool Works (ITW) Inc., Manitowoc Company Inc, Haier Electronics Group Co., Ltd., Ali Group, Fujimak Corporation, Welbilt, AB Electrolux, Dover Corporation, Middleby Corporation, ITW Food Equipment Group, Duke Manufacturing Co. Inc., Rational AG, Qingdao Haier Co., Ltd, Hoshizaki Corporation, Comstock-Castle Stove Co., Inc., Socio Unico, Cambro Manufacturing Co. Inc., Alto-Shaam, Inc., Castle Stove, and Meiko.
Products Covered:
• Ware washing Equipment
• Drink Preparation Equipment
• Heating & Holding Equipment
• Baking Equipment
• Refrigerators & Chillers
• Cooking Equipment
• Storage & Handling Equipment
• Serving Equipment
• Food & Beverage Preparation Equipment
End Users Covered:
• Quick-service Restaurants & Pubs
• Indoor and Outdoor Caterers
• Full-service Restaurants & Bars
• Club Restaurants
• Hotels & Resorts
• Transportation
• Commercial Canteens
• Household
• Other End Users
Sales Channels Covered:
• Online Platforms
• Physical Stores
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Food Service Equipment Market, By Product
5.1 Introduction
5.2 Ware washing Equipment
5.2.1 Dishwashers
5.2.1.1 Fully-integrated
5.2.1.2 Countertops/Benchtop & Portables
5.2.1.3 Semi-integrated
5.2.2 Disposers
5.2.3 Booster Heaters
5.2.4 Utensil Washers
5.3 Drink Preparation Equipment
5.3.1 Juicers
5.3.2 Drink Blenders
5.3.3 Ice Crushers
5.4 Heating & Holding Equipment
5.4.1 Sauce Dispensers
5.4.2 Warmers
5.4.3 Merchandisers
5.5 Baking Equipment
5.6 Refrigerators & Chillers
5.6.1 Ice Machines
5.6.2 Soft Serve Ice Cream Machines
5.6.3 Blast Freezers
5.6.4 Ice Cream Cabinets
5.6.5 Glass Door Merchandisers
5.6.6 Commercial Fridges/ Freezers
5.6.7 Walk In's
5.7 Cooking Equipment
5.7.1 Toasters
5.7.2 Fryers
5.7.3 Grills
5.7.4 Cooking & Bakery Utensils
5.7.5 Ovens
5.8 Storage & Handling Equipment
5.8.1 Food Bags and Containers
5.8.2 Food warmers
5.9 Serving Equipment
5.9.1 Dinnerware
5.9.2 Glassware
5.10 Food & Beverage Preparation Equipment
5.10.1 Food Processors & Juicers
5.10.2 Peelers
5.10.3 Mixers & Grinders
5.10.4 Slicers
5.10.5 Food Preparation Tools
5.10.6 Food Blenders
6 Global Food Service Equipment Market, By End User
6.1 Introduction
6.2 Quick-service Restaurants & Pubs
6.3 Indoor and Outdoor Caterers
6.4 Full-service Restaurants & Bars
6.5 Club Restaurants
6.6 Hotels & Resorts
6.7 Transportation
6.7.1 Airways
6.7.2 Ships
6.7.3 Railways
6.8 Commercial Canteens
6.8.1 Institutions & Offices
6.8.2 Hospitals
6.9 Household
6.10 Other End Users
6.10.1 General & Retail Stores
6.10.2 Supermarkets
6.10.3 Chain Stores
7 Global Food Service Equipment Market, By Sales Channel
7.1 Introduction
7.2 Online Platforms
7.3 Physical Stores
8 Global Food Service Equipment Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Illinois Tool Works (ITW) Inc.
10.2 Manitowoc Company Inc
10.3 Haier Electronics Group Co., Ltd.
10.4 Ali Group
10.5 Fujimak Corporation
10.6 Welbilt
10.7 AB Electrolux
10.8 Dover Corporation
10.9 Middleby Corporation
10.10 ITW Food Equipment Group
10.11 Duke Manufacturing Co. Inc.
10.12 Rational AG
10.13 Qingdao Haier Co., Ltd
10.14 Hoshizaki Corporation
10.15 Comstock-Castle Stove Co., Inc.
10.16 Socio Unico
10.17 Cambro Manufacturing Co. Inc.
10.18 Alto-Shaam, Inc.
10.19 Castle Stove
10.20 Meiko
List of Tables
1 Global Food Service Equipment Market Outlook, By Region (2018-2027) ($MN)
2 Global Food Service Equipment Market Outlook, By Product (2018-2027) ($MN)
3 Global Food Service Equipment Market Outlook, By Ware washing Equipment (2018-2027) ($MN)
4 Global Food Service Equipment Market Outlook, By Dishwashers (2018-2027) ($MN)
5 Global Food Service Equipment Market Outlook, By Disposers (2018-2027) ($MN)
6 Global Food Service Equipment Market Outlook, By Booster Heaters (2018-2027) ($MN)
7 Global Food Service Equipment Market Outlook, By Utensil Washers (2018-2027) ($MN)
8 Global Food Service Equipment Market Outlook, By Drink Preparation Equipment (2018-2027) ($MN)
9 Global Food Service Equipment Market Outlook, By Juicers (2018-2027) ($MN)
10 Global Food Service Equipment Market Outlook, By Drink Blenders (2018-2027) ($MN)
11 Global Food Service Equipment Market Outlook, By Ice Crushers (2018-2027) ($MN)
12 Global Food Service Equipment Market Outlook, By Heating & Holding Equipment (2018-2027) ($MN)
13 Global Food Service Equipment Market Outlook, By Sauce Dispensers (2018-2027) ($MN)
14 Global Food Service Equipment Market Outlook, By Warmers (2018-2027) ($MN)
15 Global Food Service Equipment Market Outlook, By Merchandisers (2018-2027) ($MN)
16 Global Food Service Equipment Market Outlook, By Baking Equipment (2018-2027) ($MN)
17 Global Food Service Equipment Market Outlook, By Refrigerators & Chillers (2018-2027) ($MN)
18 Global Food Service Equipment Market Outlook, By Ice Machines (2018-2027) ($MN)
19 Global Food Service Equipment Market Outlook, By Soft Serve Ice Cream Machines (2018-2027) ($MN)
20 Global Food Service Equipment Market Outlook, By Blast Freezers (2018-2027) ($MN)
21 Global Food Service Equipment Market Outlook, By Ice Cream Cabinets (2018-2027) ($MN)
22 Global Food Service Equipment Market Outlook, By Glass Door Merchandisers (2018-2027) ($MN)
23 Global Food Service Equipment Market Outlook, By Commercial Fridges/ Freezers (2018-2027) ($MN)
24 Global Food Service Equipment Market Outlook, By Walk In's (2018-2027) ($MN)
25 Global Food Service Equipment Market Outlook, By Cooking Equipment (2018-2027) ($MN)
26 Global Food Service Equipment Market Outlook, By Toasters (2018-2027) ($MN)
27 Global Food Service Equipment Market Outlook, By Fryers (2018-2027) ($MN)
28 Global Food Service Equipment Market Outlook, By Grills (2018-2027) ($MN)
29 Global Food Service Equipment Market Outlook, By Cooking & Bakery Utensils (2018-2027) ($MN)
30 Global Food Service Equipment Market Outlook, By Ovens (2018-2027) ($MN)
31 Global Food Service Equipment Market Outlook, By Storage & Handling Equipment (2018-2027) ($MN)
32 Global Food Service Equipment Market Outlook, By Food Bags and Containers (2018-2027) ($MN)
33 Global Food Service Equipment Market Outlook, By Food warmers (2018-2027) ($MN)
34 Global Food Service Equipment Market Outlook, By Serving Equipment (2018-2027) ($MN)
35 Global Food Service Equipment Market Outlook, By Dinnerware (2018-2027) ($MN)
36 Global Food Service Equipment Market Outlook, By Glassware (2018-2027) ($MN)
37 Global Food Service Equipment Market Outlook, By Food & Beverage Preparation Equipment (2018-2027) ($MN)
38 Global Food Service Equipment Market Outlook, By Food Processors & Juicers (2018-2027) ($MN)
39 Global Food Service Equipment Market Outlook, By Peelers (2018-2027) ($MN)
40 Global Food Service Equipment Market Outlook, By Mixers & Grinders (2018-2027) ($MN)
41 Global Food Service Equipment Market Outlook, By Slicers (2018-2027) ($MN)
42 Global Food Service Equipment Market Outlook, By Food Preparation Tools (2018-2027) ($MN)
43 Global Food Service Equipment Market Outlook, By Food Blenders (2018-2027) ($MN)
44 Global Food Service Equipment Market Outlook, By End User (2018-2027) ($MN)
45 Global Food Service Equipment Market Outlook, By Quick-service Restaurants & Pubs (2018-2027) ($MN)
46 Global Food Service Equipment Market Outlook, By Indoor and Outdoor Caterers (2018-2027) ($MN)
47 Global Food Service Equipment Market Outlook, By Full-service Restaurants & Bars (2018-2027) ($MN)
48 Global Food Service Equipment Market Outlook, By Club Restaurants (2018-2027) ($MN)
49 Global Food Service Equipment Market Outlook, By Hotels & Resorts (2018-2027) ($MN)
50 Global Food Service Equipment Market Outlook, By Transportation (2018-2027) ($MN)
51 Global Food Service Equipment Market Outlook, By Airways (2018-2027) ($MN)
52 Global Food Service Equipment Market Outlook, By Ships (2018-2027) ($MN)
53 Global Food Service Equipment Market Outlook, By Railways (2018-2027) ($MN)
54 Global Food Service Equipment Market Outlook, By Commercial Canteens (2018-2027) ($MN)
55 Global Food Service Equipment Market Outlook, By Institutions & Offices (2018-2027) ($MN)
56 Global Food Service Equipment Market Outlook, By Hospitals (2018-2027) ($MN)
57 Global Food Service Equipment Market Outlook, By Household (2018-2027) ($MN)
58 Global Food Service Equipment Market Outlook, By Other End Users (2018-2027) ($MN)
59 Global Food Service Equipment Market Outlook, By General & Retail Stores (2018-2027) ($MN)
60 Global Food Service Equipment Market Outlook, By Supermarkets (2018-2027) ($MN)
61 Global Food Service Equipment Market Outlook, By Chain Stores (2018-2027) ($MN)
62 Global Food Service Equipment Market Outlook, By Sales Channel (2018-2027) ($MN)
63 Global Food Service Equipment Market Outlook, By Online Platforms (2018-2027) ($MN)
64 Global Food Service Equipment Market Outlook, By Physical Stores (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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