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Food Service Equipment Market by Product Type and End Use: Global Opportunity Analysis and Industry Forecast, 2021-2027

  • ID: 5118728
  • Report
  • December 2020
  • Region: Global
  • 224 pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Alto-Shaam Inc.
  • Dover Corporation
  • Electrolux
The global food service equipment market was valued at $34,252.0 million in 2019, and is projected to reach $44,810.8 million by 2027, registering a CAGR of 5.7% from 2021 to 2027.


Food service equipment provide ease of food preparation, in addition to food safety in commercial kitchens. It consists of cookware and 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 and storage of various cuisines. Rise in business-related travel and increase in number of food joints such as hotels & restaurants fuel the growth of the hospitality industry, which, in turn, drives the demand for food service equipment.

Increase in demand for refrigerated food products and inclination toward junk food boosts the adoption of food service equipment worldwide. Moreover, shift toward modular kitchens with advanced features also propels the demand for cooking food service equipment.

Furthermore, a The rise in the number of cafés & restaurants along with surge in demand for multi-functional, space & time saving equipment propel the growth of the food service equipment market. Implementation of stringent government regulations toward refrigerant leakages and emissions in last few years further drives the market toward replacement of products, as companies replace their existing equipment with new energy-efficient devices.

However, the high capital investment and complexities associated with the usage of these equipment restrict the market growth. Nevertheless, advancements in technology such as robotics is likely to bring new opportunities for the food service equipment market during the forecast period.

The global 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.

By end-use, the market is categorized into Full-service Restaurant & Hotel, quick-service restaurants & pubs, and catering. Based of the region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA. The major players profiled in this report include Duke Manufacturing Co. Inc., Electrolux, Dover Corporation, Illinois Tool Works (ITW), Inc., Ali Group S.r.l. a Socio Unico, Welbilt, Inc., Middleby Corporation, Alto-Shaam, Inc., Comstock-Castle Stove Co., Inc., and Cambro Manufacturing Co. Inc.

Key Benefits for Stakeholders
  • This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global food service equipment market from 2019 to 2027 to identify the prevailing market opportunities.
  • The report provides an extensive analysis of the current and emerging food service equipment market trends and opportunities.
  • The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing food service equipment market opportunities in the market.
  • The food service equipment market forecast is offered along with information related to key drivers, restraints, and opportunities.
  • The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.
Key Market Segments

By Product Type
  • Cooking Equipment
  • Storage & Handling Equipment
  • Warewashing Equipment
  • Food and Beverage Preparation Equipment
  • Serving Equipment
By End-use
  • Full-Service Restaurants & Hotels
  • Quick-Service Restaurants & 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
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alto-Shaam Inc.
  • Dover Corporation
  • Electrolux
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
3.3. Porter's five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Thereat of new entrants
3.3.4. Threat of substitutes
3.3.5. Intensity of competitive rivalry
3.4. COVID-19 impact on food service equipment market
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Growth in food service industry
3.5.1.2. Rise in preference for quick-service restaurants
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 restaurant & hotel
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 restaurant & pub
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
6.2.4.1. U.S.
6.2.4.1.1. Market size and forecast, by product
6.2.4.1.2. Market size and forecast, by end use
6.2.4.2. Canada
6.2.4.2.1. Market size and forecast, by product
6.2.4.2.2. Market size and forecast, by end use
6.2.4.3. Mexico
6.2.4.3.1. Market size and forecast, by product
6.2.4.3.2. 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
6.3.4.1. Germany
6.3.4.1.1. Market size and forecast, by product
6.3.4.1.2. Market size and forecast, by end use
6.3.4.2. France
6.3.4.2.1. Market size and forecast, by product
6.3.4.2.2. Market size and forecast, by end use
6.3.4.3. UK
6.3.4.3.1. Market size and forecast, by product
6.3.4.3.2. Market size and forecast, by end use
6.3.4.4. Italy
6.3.4.4.1. Market size and forecast, by product
6.3.4.4.2. Market size and forecast, by end use
6.3.4.5. Spain
6.3.4.5.1. Market size and forecast, by product
6.3.4.5.2. Market size and forecast, by end use
6.3.4.6. Rest of Europe
6.3.4.6.1. Market size and forecast, by product
6.3.4.6.2. 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
6.4.4.1. China
6.4.4.1.1. Market size and forecast, by product
6.4.4.1.2. Market size and forecast, by end use
6.4.4.2. Japan
6.4.4.2.1. Market size and forecast, by product
6.4.4.2.2. Market size and forecast, by end use
6.4.4.3. India
6.4.4.3.1. Market size and forecast, by product
6.4.4.3.2. Market size and forecast, by end use
6.4.4.4. Australia
6.4.4.4.1. Market size and forecast, by product
6.4.4.4.2. Market size and forecast, by end use
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Market size and forecast, by product
6.4.4.5.2. 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
6.5.4.1. Brazil
6.5.4.1.1. Market size and forecast, by product
6.5.4.1.2. Market size and forecast, by end use
6.5.4.2. UAE
6.5.4.2.1. Market size and forecast, by product
6.5.4.2.2. Market size and forecast, by end use
6.5.4.3. South Africa
6.5.4.3.1. Market size and forecast, by product
6.5.4.3.2. Market size and forecast, by end use
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Market size and forecast, by product
6.5.4.4.2. Market size and forecast, by end use

CHAPTER 7: COMPANY LANDSCAPE
7.1. Top player positioning
7.2. Top winning strategies

CHAPTER 8: COMPANY PROFILES
8.1. ALI GROUP S. R. L. A SOCIO UNicO
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product Portfolio
8.1.6. Key strategic moves and developments
8.2. ALTO-SHAAM, INC.
8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.2.4. Product Portfolio
8.2.5. Key strategic moves and developments
8.3. CAMBRO MANUFACTURING CO. INC.
8.3.1. Company overview
8.3.2. Key Executives
8.3.3. Company snapshot
8.3.4. Product Portfolio
8.3.5. Key strategic moves and developments
8.4. COMSTOCK-CASTLE STOVE CO., INC.
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Product Portfolio
8.5. DOVER CORPORATION
8.5.1. Company overview
8.5.2. Key Executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product Portfolio
8.5.6. Business performance
8.5.7. R&D Expenditure
8.5.8. Key strategic moves and developments
8.6. DUKE MANUFACTURING CO. INC.
8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product Portfolio
8.6.6. Key strategic moves and developments
8.7. ELECTROLUX
8.7.1. Company overview
8.7.2. Key Executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product Portfolio
8.7.6. Business performance
8.7.7. R&D Expenditure
8.7.8. Key strategic moves and developments
8.8. ILLINOIS TOOL WORKS (ITW), INC.
8.8.1. Company overview
8.8.2. Key Executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.8.6. Business performance
8.8.7. R&D Expenditure
8.8.8. Key strategic moves and developments
8.9. MIDDLEBY CORPORATION
8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.9.6. Business performance
8.9.7. R&D Expenditure
8.9.8. Key strategic moves and developments
8.10. WELBILT, INC.
8.10.1. Company overview
8.10.2. Key Executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product Portfolio
8.10.6. R&D Expenditure
8.10.7. Business performance
8.10.8. Key strategic moves and developments

List of Tables
Table 01. Global Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 02. Cooking Equipment Market, by Region, 2019-2027 ($Million)
Table 03. Storage & Handling Equipment Market, by Region, 2019-2027 ($Million)
Table 04. Warewashing Equipment Market, by Region, 2019-2027 ($Million)
Table 05. Food & Beverage Preparation Equipment Market, by Region, 2019-2027 ($Million)
Table 06. Serving Equipment Market, by Region, 2019-2027 ($Million)
Table 07. Global Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 08. Food Service Equipment Market for Full-Service Restaurant & Hotel, by Region, 2019-2027($Million)
Table 09. Food Service Equipment Market for Quick Service Restaurant & Pub, by Region, 2019-2027 ($Million)
Table 10. Food Service Equipment Market for Catering, by Region, 2019-2027 ($Million)
Table 11. Food Service Equipment Market Revenue, by Region, 2019-2027 ($Million)
Table 12. North America Food Service Equipment Market Revenue, by Product Type, 2019-2027 ($Million)
Table 13. North America Food Service Equipment Market Revenue, by End Use, 2019-2027 ($Million)
Table 14. North America Food Service Equipment Market Revenue, by Country, 2019-2027 ($Million)
Table 15. U.S. Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 16. U.S. Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 17. Canada Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 18. Canada Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 19. Mexico Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 20. Mexico Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 21. Europe Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 22. Europe Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 23. Europe Food Service Equipment Market, by Country, 2019-2027 ($Million)
Table 24. Germany Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 25. Germany Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 26. France Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 27. France Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 28. UK Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 29. UK Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 30. Italy Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 31. Italy Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 32. Spain Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 33. Spain Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 34. Rest of Europe Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 35. Rest of Europe Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 36. Asia-Pacific Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 37. Asia-Pacific Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 38. Asia-Pacific Food Service Equipment Market, by Country, 2019-2027 ($Million)
Table 39. China Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 40. China Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 41. Japan Food Service Equipment Market by Product Type, 2019-2027 ($Million)
Table 42. Japan Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 43. India Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 44. India Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 45. Australia Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 46. Australia Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 47. Rest of Asia-Pacific Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 48. Rest of Asia-Pacific Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 49. Lamea Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 50. Lamea Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 51. Lamea Food Service Equipment Market, by Country, 2019-2027 ($Million)
Table 52. Brazil Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 53. Brazil Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 54. Uae Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 55. Uae Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 56. South Africa Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 57. South Africa Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 58. Rest of LAMEA Food Service Equipment Market, by Product Type, 2019-2027 ($Million)
Table 59. Rest of LAMEA Food Service Equipment Market, by End Use, 2019-2027 ($Million)
Table 60. Ali Group S. R. L. A Socio Unico: Key Executives
Table 61. Ali Group S. R. L. A Socio Unico: Company Snapshot
Table 62. Ali Group S. R. L. A Socio Unico: Operating Segments
Table 63. Ali Group S. R. L. A Socio Unico: Product Portfolio
Table 64. Ali Group S. R. L. A Socio Unico: Key Strategic Moves and Developments
Table 65. Alto-Shaam, Inc: Key Executives
Table 66. Alto-Shaam, Inc: Company Snapshot
Table 67. Alto-Shaam, Inc: Productportfolio
Table 68. Alto-Shaam, Inc: Key Strategic Moves and Developments
Table 69. Cambro Manufacturing Co. Inc: Key Executives
Table 70. Cambro Manufacturing Co. Inc: Company Snapshot
Table 71. Cambro Manufacturing Co. Inc: Product Portfolio
Table 72. Cambro Manufacturing Co. Inc: Key Strategic Moves and Developments
Table 73. Comstock-Castle Stove Co. Inc: Company Snapshot
Table 74. Comstock-Castle Stove Co. Inc: Product Portfolio
Table 75. Dover Corporation: Key Executives
Table 76. Dover Corporation: Company Snapshot
Table 77. Dover Corporation: Operating Segments
Table 78. Dover Corporation: Product Portfolio
Table 79. Dover Corporation: Net Sales, 2016-2018 ($Million)
Table 80. Dover Corporation: R&D Expenditure, 2016-2018 ($Million)
Table 81. Dover Corporation: Key Strategic Moves and Developments
Table 82. Duke Manufacturing Co. Inc: Key Executives
Table 83. Duke Manufacturing Co. Inc: Company Snapshot
Table 84. Duke Manufacturing Co. Inc: Operating Segments
Table 85. Duke Manufacturing Co. Inc: Product Portfolio
Table 86. Duke Manufacturing Co. Inc: Key Strategic Moves and Developments
Table 87. Electrolux: Key Executives
Table 88. Electrolux: Company Snapshot
Table 89. Electrolux: Operating Segments
Table 90. Electrolux: Product Portfolio
Table 91. Electrolux: Net Sales, 2016-2018 ($Million)
Table 92. Electrolux: R&D Expenditure, 2016-2018 ($Million)
Table 93. Electrolux: Key Strategic Moves and Developments
Table 94. Illinois Tool Works (Itw) Inc: Key Executives
Table 95. Illinois Tool Works Inc: Company Snapshot
Table 96. Illinois Tool Works Inc: Operating Segments
Table 97. Illinois Tool Works Inc: Product Portfolio
Table 98. Illinois Tool Works Inc: Net Sales, 2016-2018 ($Million)
Table 99. Buhler Ag: R&D Expenditure, 2016-2018 ($Million)
Table 100. Illinois Tool Works Inc: Key Strategic Moves and Developments
Table 101. Middleby Corporation: Key Executives
Table 102. Middleby Corporation: Company Snapshot
Table 103. Middleby Corporation: Operating Segments
Table 104. Middleby Corporation: Product Portfolio
Table 105. Middleby Corporation: Net Sales, 2016-2018 ($Million)
Table 106. Middleby Corporation: R&D Expenditure, 2016-2018 ($Million)
Table 107. Middleby Corporation: Key Strategic Moves and Developments
Table 108. Welbilt, Inc: Key Executives
Table 109. Welbilt, Inc: Company Snapshot
Table 110. Welbilt, Inc: Operating Segments
Table 111. Welbilt, Inc: Product Portfolio
Table 112. Wellbilt Inc: R&D Expenditure, 2016-2018 ($Million)
Table 113. Wellbilt Inc: Net Sales, 2016-2018 ($Million)

List of Figures

Figure 01. Key Market Segments
Figure 02. Food Service Equipment Market Sanpshot
Figure 03. Top Investment Pocket, by Product Type
Figure 04. Moderate Bargaining Power of Suppliers
Figure 05. Moderate Bargaining Power of Buyers
Figure 06. High Thereat of New Entrants
Figure 07. Moderate Threat of Substitutes
Figure 08. High Intensity of Competitive Rivalry
Figure 09. Global Food Service Equipment Market Share, by Product Type, 2020 (%)
Figure 10. Comparative Share Analysis of Cooking Equipment Market, by Country, 2020 & 2027 (%)
Figure 11. Comparative Share Analysis of Storage & Handling Equipment Market ,By Country, 2020 & 2027(%)
Figure 12. Comparative Share Analysis of Warewashing Equipment Market , by Country, 2020 & 2027 (%)
Figure 13. Comparative Share Analysis of Food & Beverage Preparation Equipment Market , by Country, 2020 & 2027 (%)
Figure 14. Comparative Share Analysis of Serving Equipment Market , by Country, 2020 & 2027 (%)
Figure 15. Food Service Equipment Market Share, by End Use, 2020 (%)
Figure 16. Comparative Share Analysis of Food Service Equipment Market for Full-Service Restaurant & Hotel, by Country, 2020 & 2027 (%)
Figure 17. Comparative Share Analysis of Food Service Equipment Market for Quick Service Restaurant & Pub, by Country, 2020 & 2027 (%)
Figure 18. Comparative Share Analysis of Food Service Equipment Market for Catering, by Country, 2020 & 2027 (%)
Figure 19. Food Service Equipment Market Share, by Region, 2020 (%)
Figure 20. U.S. Food Service Equipment Market, 2019-2027 ($Million)
Figure 21. Canada Food Service Equipment Market, 2019-2027 ($Million)
Figure 22. Mexico Food Service Equipment Market, 2019-2027 ($Million)
Figure 23. Germany Food Service Equipment Market Revenue, 2019-2027 ($Million)
Figure 24. France Food Service Equipment Market, 2019-2027 ($Million)
Figure 25. UK Food Service Equipment Market, 2019-2027 ($Million)
Figure 26. Italy Food Service Equipment Market, 2019-2027 ($Million)
Figure 27. Spain Food Service Equipment Market, 2019-2027 ($Million)
Figure 28. Rest of Europe Food Service Equipment Market, 2019-2027 ($Million)
Figure 29. China Food Service Equipment Market, 2019-2027 ($Million)
Figure 30. Japan Food Service Equipment Market, 2019-2027 ($Million)
Figure 31. India Food Service Equipment Market, 2019-2027 ($Million)
Figure 32. Australia Food Service Equipment Market, 2019-2027 ($Million)
Figure 33. Rest of Asia-Pacific Food Service Equipment Market, 2019-2027 ($Million)
Figure 34. Brazil Food Service Equipment Market, 2019-2027 ($Million)
Figure 35. Uae Food Service Equipment Market, 2019-2027 ($Million)
Figure 36. South Africa Food Service Equipment Market, 2019-2027 ($Million)
Figure 37. Rest of LAMEA Food Service Equipment Market, 2019-2027 ($Million)
Figure 38. Top Player Positioning of Top 10 Key Players
Figure 39. Top Winning Strategies, by Year, 2015-2018
Figure 40. Top Winning Strategies, by Development, 2015-2018 (%)
Figure 41. Top Winning Strategies, by Company, 2015-2018
Figure 42. Dover Corporation: Revenue, 2016-2018 ($Million)
Figure 43. Dover Corporation: R&D Expenditure, 2016-2018 ($Million)
Figure 44. Dover Corporation: Revenue Share by Segment, 2018 (%)
Figure 45. Dover Corporation: Revenue Share by Region, 2018 (%)
Figure 46. Electrolux: Revenue, 2016-2018 ($Million)
Figure 47. Electrolux: R&D Expenditure, 2016-2018 ($Million)
Figure 48. Electrolux: Revenue Share by Segment, 2018 (%)
Figure 49. Electrolux: Revenue Share by Region, 2018 (%)
Figure 50. Illinois Tool Works Inc.: Revenue, 2016-2018 ($Million)
Figure 51. Illinois Tool Works Inc.: R&D Expenditure, 2016-2018 ($Million)
Figure 52. Illinois Tool Works Inc.: Revenue Share by Segment, 2018 (%)
Figure 53. Illinois Tool Works Inc.: Revenue Share by Region, 2018 (%)
Figure 54. Middleby Corporation: Revenue, 2016-2018 ($Million)
Figure 55. Middleby Corporation: R&D Expenditure, 2016-2018 ($Million)
Figure 56. Middleby Corporation: Revenue Share by Segment, 2018 (%)
Figure 57. Middleby Corporation: Revenue Share by Region, 2018 (%)
Figure 58. Wellbilt Inc.: R&D Expenditure, 2016-2018 ($Million)
Figure 59. Welbilt, Inc.: Revenue, 2016-2018 ($Million)
Figure 60. Welbilt, Inc.: Revenue Share by Segment, 2018 (%)
Figure 61. Welbilt, Inc.: Revenue Share by Region, 2018 (%)
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alto-Shaam Inc.
  • Dover Corporation
  • Electrolux
According to the report titled, 'Food Service Equipment Market by Product Type and End Use: Opportunity Analysis and Industry Forecast, 2020-2027,” The global food service equipment market size was valued at $34.2 billion in 2019, and is projected to reach $56.3 billion by 2027, registering a CAGR of 6.2% from 2020 to 2027.Food service equipment provides the ease of food preparation, in addition to food safety in the commercial kitchens. Products such as refrigerators & freezers, display cabinets, cutlery, and bakery oven are offered by prime companies, ensuring premium quality and low maintenance cost. Moreover,these equipment are necessary for providing food & beverage services by commercial kitchens including restaurants, hotels, and quick service restaurants.

Development of the hospitality industry is anticipated to drive the food service equipment market growth. Moreover, rise in business related travel, surge in urban population, and rise in number of food joints such as hotels and restaurants fuel the growth of the hospitality industry, there by driving the growth of the food service equipment market. 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 into 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 the food service equipment market during the forecast period.

Moreover, 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 food service equipment manufacturers. However, higher installation cost is anticipated restrain their adoption, particularly in developing regions. In addition, rise in demand for visually appealing food service equipment among restaurants and hotels fuels the growth of the food service equipment market.

Further more ,new equipment featuring brighter colors, sleek designs, and shiny touch screens, are in trend in the food service industry. Another trend in food service equipment is multi-functional equipment. Due to space constraints, many restauranteurs tend to utilize equipment that could provide multiple functions and save kitchen space.Moreover, food service equipment like rapid cook ovens that feature several cooking methods for preparing variety of foods are in trend. For example, the double batch ventless impingement oven from Turbo Chef consists of two independently controlled high-speed ovens with oscillating racks, which reduces cooking time and facilitates the preparation of more food. Moreover, each oven can be controlled with a split-screen, Wi-Fi connected touch controller. Thus, making these IOT, multi-functional equipment popular in food service industry.

The global food service equipment market segments are categorized into product type, end use, and region. By product type, it is classified into cooking equipment, storage & handling equipment ,food & beverage preparation equipment, ware washing equipment, and serving equipment. By end use, food service equipment market is divided into full-service restaurants and hotels, quick service restaurants, and catering. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Australia, Japan, and rest of Asia-Pacific), and LAMEA (Brazil, UAE, South Africa and Rest of LAMEA).

Key findings of the study

By product type, the cooking equipment segment accounted for the highest food service equipment market share in 2019, growing at a CAGR of 5.8% from 2020 to 2027.
By end use, the full-service restaurants and hotels segment occupied maximum share in the market in 2019 and is expected to dominate during food service equipment market analysis period.
Region wise, North America accounted for a CAGR of 35.1% in 2019 and is expected to grow at a CAGR of 4.6% during the food service equipment forecast period.

The key players operating in the food service equipment industry in clude Duke Manufacturing Co. Inc, Electrolux, Dover Corporation,Illinois Tool Works (ITW), Inc. ,Ali Group S.r.l. a Socio Unico,Welbilt, Inc,Middleby Corporation,Alto-Shaam, Inc.,Comstock-Castle Stove Co., Inc.,and Cambro Manufacturing Co. Inc.
Note: Product cover images may vary from those shown
  • Duke Manufacturing Co. Inc
  • Electrolux
  • Dover Corporation
  • Illinois Tool Works (ITW) Inc.
  • Ali Group S.r.l. a Socio Unico
  • Welbilt Inc.Middleby Corporation
  • Alto-Shaam Inc.
  • Comstock-Castle Stove Co. Inc.
  • Cambro Manufacturing Co. Inc
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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