Food Service Equipment Market by Product and End Use - Global Opportunity Analysis and Industry Forecast, 2018-2025

  • ID: 4603638
  • Report
  • Region: Global
  • 256 pages
  • Allied Analytics LLP
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Food Service Equipment Market by Product (Cooking Equipment, Storage & Handling Equipment, Warewashing Equipment, Food & Beverage Preparation Equipment, and Serving Equipment) and End Use (Full-service Restaurants & Hotels, Quick-service Restaurants & Pubs, and Caterings) - Global Opportunity Analysis and Industry Forecast, 2018-2025

The global food service equipment market was valued at $31,088 million in 2017, and is projected to reach $50,039 million by 2025, registering a CAGR of 6.4% from 2018 to 2025. Food service equipment comprise cookware; wash ware; and preparation, storage, & serving equipment, which are used to cook and preserve food products for commercial purposes. These equipment are widely adopted in hotels, restaurants, commercial institutes, and budgetary hotels for preparation of various cuisines. Rise in business-related travel and increase in number of food joints such as hotels & restaurants fuel the growth of hospitality industry, which in turn further drives the demand for food service equipment.

Increase in demand for refrigerated food products and inclination towards junk food have boosted the adoption of food service equipment worldwide. Moreover, shift to modular kitchens with advanced features has boosted the demand for cooking food service equipment. Furthermore, rise in number of cafés & restaurants, development in urban infrastructure in both developed & developing countries, and increase in disposable income are the factors contributing towards the gradual growth of the food service equipment market. Implementation of stringent government regulations towards refrigerant leakages and emission in the last few years has further driven the market towards replacement products, as the companies need to replace their existing equipment with new energy-efficient devices. However, high capital investment and complexities associated with the usage of equipment restrict the market growth.

The food service equipment market is segmented based on product type, end-use, and region. On the basis of product type, the market is divided into cooking equipment, warewashing equipment, storage & holding equipment, food & beverage preparation equipment, and serving equipment. Increase in investments in hotel & restaurant industry, surge in demand for ready-made food, and vast varieties in food products offered by these hotels have contributed to the significant growth of these equipment. The storage & handling equipment segment is expected to grow at a fastest CAGR of 7.5%.

By end-use, the market is categorized into full-service restaurants & hotels, quick-service restaurants & pubs, and caterings. Quick-service restaurants and pubs are expected to grow at a highest CAGR of 8.5%, due to convenience offered by them and increase in demand for fast food. Region wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.

The major players profiled in this report include Alto-Shaam, Inc., Cambro Manufacturing Co. Inc., Castle Stove, Duke Manufacturing Co. Inc., Dover Corporation, Electrolux, Illinois Tool Works Inc., Ali S.p.A, The Middleby Corporation, and Welbilt, Inc.

KEY BENEFITS:
This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global food service equipment market from 2017 to 2025 to identify the prevailing market opportunities.
The key countries in all the major regions are mapped based on their market share.
Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier buyer network.
In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global industry.
Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.

KEY MARKET SEGMENTS:

By Product Type

Cooking Equipment
Storage and Handling Equipment
Warewashing Equipment
Food and Beverage Preparation Equipment
Serving Equipment

By End-use

Full-Service Restaurants and Hotels
Quick-Service Restaurants and Pubs
Caterings

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Brazil
UAE
South Africa
Rest of LAMEA
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key finding of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pocket
3.2.2. Top winning strategies
3.3. Market share analysis
3.4. Porter's five forces analysis
3.4.1. Bargaining power of suppliers
3.4.2. Bargaining power of buyers
3.4.3. Thereat of new entrants
3.4.4. Threat of substitutes
3.4.5. Intensity of competitive rivalry
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Growth in hospitality industry
3.5.1.2. Rise in preference for quick-service restaurants
3.5.1.3. Advancements in refrigeration technology
3.5.1.4. Growth in urbanization
3.5.1.5. Increase in concerns of food safety
3.5.2. Restraint
3.5.2.1. High capital requirement
3.5.3. Opportunities
3.5.3.1. Regulatory benefits
3.5.3.2. Surge in demand for energy-efficient and cost-effective products

CHAPTER 4: FOOD SERVICE EQUIPMENT MARKET, BY PRODUCT
4.1. Overview
4.1.1. Market size and forecast
4.2. Cooking equipment
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Grills
4.2.3. Fryers
4.2.4. Ovens
4.2.5. Cooking & bakery utensils
4.2.6. Market size and forecast
4.2.7. Market analysis, by country
4.3. Storage & handling equipment
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Refrigeration
4.3.3. Food bags and containers
4.3.4. Food warmers
4.3.5. Market size and forecast
4.3.6. Market analysis, by country
4.4. Warewashing equipment
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Utensil washers
4.4.3. Dishwashers
4.4.4. Booster heaters
4.4.5. Others
4.4.6. Market size and forecast
4.4.7. Market analysis, by country
4.5. Food & beverage preparation equipment
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Slicers
4.5.3. Peelers
4.5.4. Mixers, blenders, & grinders
4.5.5. Food processors & juicers
4.5.6. Food preparation tools
4.5.7. Market size and forecast
4.5.8. Market analysis, by country
4.6. Serving equipment
4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Dinnerware
4.6.3. Glassware
4.6.4. Market size and forecast
4.6.5. Market analysis, by country

CHAPTER 5: FOOD SERVICE EQUIPMENT MARKET, BY END USE
5.1. Overview
5.1.1. Market size and forecast
5.2. Full-service restaurants & hotels
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.3. Market analysis, by country
5.3. Quick-service restaurants & pubs
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.3. Market analysis, by country
5.4. Catering
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.4.3. Market analysis, by country

CHAPTER 6: FOOD SERVICE EQUIPMENT MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast
6.2. North America
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by product
6.2.3. Market size and forecast, by end use
6.2.4. Market size and forecast, by country
6.2.5. U.S.
6.2.5.1. Market size and forecast, by product
6.2.5.2. Market size and forecast, by end-use
6.2.6. Canada
6.2.6.1. Market size and forecast, by product
6.2.6.2. Market size and forecast, by end-use
6.2.7. Mexico
6.2.7.1. Market size and forecast, by product
6.2.7.2. Market size and forecast, by end-use
6.3. Europe
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by product
6.3.3. Market size and forecast, by end-use
6.3.4. Market size and forecast, by country
6.3.5. Germany
6.3.5.1. Market size and forecast, by product
6.3.5.2. Market size and forecast, by end-use
6.3.6. France
6.3.6.1. Market size and forecast, by product
6.3.6.2. Market size and forecast, by end-use
6.3.7. UK
6.3.7.1. Market size and forecast, by product
6.3.7.2. Market size and forecast, by end-use
6.3.8. Italy
6.3.8.1. Market size and forecast, by product
6.3.8.2. Market size and forecast, by end-use
6.3.9. Spain
6.3.9.1. Market size and forecast, by product
6.3.9.2. Market size and forecast, by end-use
6.3.10. Rest of Europe
6.3.10.1. Market size and forecast, by product
6.3.10.2. Market size and forecast, by end-use
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by product
6.4.3. Market size and forecast, by end-use
6.4.4. Market size and forecast, by country
6.4.5. China
6.4.5.1. Market size and forecast, by product
6.4.5.2. Market size and forecast, by end-use
6.4.6. Japan
6.4.6.1. Market size and forecast, by product
6.4.6.2. Market size and forecast, by end-use
6.4.7. India
6.4.7.1. Market size and forecast, by product
6.4.7.2. Market size and forecast, by end-use
6.4.8. Australia
6.4.8.1. Market size and forecast, by product
6.4.8.2. Market size and forecast, by end-use
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market size and forecast, by product
6.4.9.2. Market size and forecast, by end-use
6.5. LAMEA
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by product
6.5.3. Market size and forecast, by end-use
6.5.4. Market size and forecast, by country
6.5.5. Brazil
6.5.5.1. Market size and forecast, by product
6.5.5.2. Market size and forecast, by end-use
6.5.6. UAE
6.5.6.1. Market size and forecast, by product
6.5.6.2. Market size and forecast, by end-use
6.5.7. South Africa
6.5.7.1. Market size and forecast, by product
6.5.7.2. Market size and forecast, by end-use
6.5.8. Rest of LAMEA
6.5.8.1. Market size and forecast, by product
6.5.8.2. Market size and forecast, by end-use

CHAPTER 7: COMPANY PROFILES
7.1. Duke Manufacturing Co. Inc.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Key strategic moves and developments
7.2. Electrolux
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves and developments
7.3. Dover Corporation
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments
7.4. Illinois Tool Works (ITW), Inc.
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves and developments
7.5. Ali Group S.r.l. a Socio Unico
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Key strategic moves and developments
7.6. Welbilt, Inc.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments
7.7. Middleby Corporation
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments
7.8. Alto-Shaam, Inc.
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Product portfolio
7.8.4. Key strategic moves and developments
7.9. Comstock-Castle Stove Co., Inc.
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Product portfolio
7.10. Cambro Manufacturing Co. Inc.
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Product portfolio
7.10.4. Key strategic moves and developments
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According to a new report titled, Food Service Equipment Market by Product and End Use: Global Opportunity Analysis and Industry Forecast, 2018-2025 the global food service equipment market was valued at $31,088 million in 2017, and is projected to reach $50,039 million by 2025, registering a CAGR of 6.4% from 2018 to 2025. In 2017, the storage & handling equipment segment accounted for approximately two-sevenths share in the food service equipment market, and is projected to grow at the highest CAGR of 7.5%.

Food service equipment provides ease in food preparation in addition to food safety in commercial kitchens. Such equipment are needed to prepare, cook, and store food items. Products such as refrigerators & freezers, display cabinets, cutlery, and bakery oven are offered by prime companies, ensuring premium quality and low maintenance cost. The food service equipment market is segmented based on product and end use.

Change in food habits and busy lifestyle of consumers have led to increase in demand for ready-to-eat meals. Rapid changes in the supporting factors such as disposable income, consumer preferences, increase in working women population, and digitization have resulted in rise in number of quick-service, pop & shop, and other types of restaurants. Moreover, changes in trends of food consumption and growth in need to reduce food wastage have led to the development of innovative kitchen equipment. These factors are anticipated to drive the growth of food service equipment market during the forecast period. Furthermore, continuous developments in cooling technologies and favorable government regulations to promote the production of eco-friendly refrigerators & ovens are expected to open new avenues for the food service equipment manufacturers. However, higher installation cost of equipment is anticipated to act as a restraining factor for their adoption, particularly in the developing regions.

Based on product, the market is segmented into cooking equipment, storage & handling equipment, warewashing equipment, and serving equipment. Cooking equipment generated the highest revenue in 2017, and is expected to dominate the market in the near future. Based on end use, the market is segregated into full-service restaurants & hotels, quick-service restaurants, and catering. Full-service restaurant & hotels held the maximum share in 2017, owing to the fact that they ensure premium quality food with high hygienic ambience and fuller table services. In addition, high disposable income results in increased dining out with entertainment options. These factors drive the growth of full-service restaurants & hotels.

By region, the food service equipment market is segmented across North America, Europe, Asia-Pacific, and LAMEA. In 2017, North America dominated the overall market, in terms of revenue, owing to high adoption of advanced technology and rise in demand for processed food in the market. The region is expected to maintain its dominant position throughout the analysis period, registering a CAGR of 4.7% from 2018 to 2025. However, Asia-Pacific food service equipment market is anticipated to grow at the highest CAGR of 8.4%.

Key Findings of the Food Service Equipment Market:

In 2017, North America accounted for the highest market share growing at a CAGR of 4.7% from 2018 to 2025.
In 2017, cooking equipment accounted for the highest market share, and is expected to growth at the highest CAGR of 6.0%.
Quick-service restaurants & pubs is projected to grow at the highest CAGR of 8.5%.
In 2017, the U.S. accounted for the highest market share, and is anticipated to grow at a CAGR of 4.8%.
Asia-Pacific is anticipated to grow at the highest CAGR of 8.4% from 2018 to 2025.

In terms of value, Asia-Pacific and LAMEA collectively accounted for more than one-third of the share in the food service equipment market in 2017.

The major players profiled in this report include Alto-Shaam, Inc., Cambro Manufacturing Co. Inc., Castle Stove, Duke Manufacturing Co. Inc., Dover Corporation, Electrolux, Illinois Tool Works Inc., Ali S.p.A, Middleby Corporation, and Welbilt, Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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