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Food Service Equipment Market Market 2019
Food Service Equipment Market 2019, is latest research report by MarketResearchFuture,
the global Food Service Equipment market is expected to Register High Growth Rate during
2019 To 2023. Report analyzes Food Service Equipment Market Key Companies with Size,
Share, Trends analysis, and Key Country Forecast to 2023. Food Service Equipment Market
Information is segmented by Product (Cooking Equipment, Storage & Handling Equipment,
Warewashing Equipment, Food Holding & Serving Equipment and Others), End-User (Full
Service Restaurants, Quick Service Restaurants, Caterers, Hotels & Clubs and Others) & by
Region - Global Forecast to 2023
The global food service equipment market is expected to grow at a CAGR of around 5.16%
during the period.
Key Players
Meiko (Germany), Hobart Corporation (U.S.), Ali Group S.p.A (Italy), Fujimak Corporation
(Japan), Manitowoc Company Inc. (U.S.), Hoshizaki Electric Co., Ltd. (Japan), Dover
Corporation (U.S.), Duke Manufacturing Co. Inc. (U.S.), Tupperware Brands Corporation
(U.S.) and Electrolux AB (Sweden) are some of the leading players operating in the global
food service equipment market.
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Market Synopsis of Global Food Service Equipment
Food service equipment are widely used for food handling and processing applications, and
are popular in full-service restaurants. The equipment plays a vital role in food service
industry for preparing and serving a variety of food items.
The growth of global food service equipment market can majorly be attributed to growth of
hospitality, industry resulting in rising number of hotels and restaurants. Increasing
demand for energy-efficient products and growing demand for quick service restaurants is
also expected to boost the market growth. Moreover, the rising number of hotel industry is
also augmented by increasing tourism. However, high capital investment is the major
restraint that could hinder the growth of the market.
Global Food Service Equipment Market - Segments
MRFR has segmented the report into 3 key dynamics for enhanced understanding;
By Products: Comprises Cooking Equipment, Ware-washing Equipment, Storage &
Handling Equipment, and Food Holding & Serving Equipment among others.