The Business Research Company Global Foodservice Equipment Market Report 2022: Market Size, Trends and Forecasts to 2026
LONDON, GREATER LONDON, United Kingdom, Sept. 13, 2022 /EINPresswire.com/ — According to “Food Service Equipment Global Market Report 2022” published by The Business Research Company, the foodservice equipment market size is expected to grow from 30, $85 billion in 2021 to $31.83 billion in 2022 at a compound annual growth rate (CAGR) of 3.20%. The global catering equipment market is expected to reach USD 39.16 billion in 2026 at a compound annual growth rate (CAGR) of 5.31%. The growing online catering industry is contributing significantly to the growth of the catering equipment market.
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The catering equipment market includes sales of catering equipment by entities (organizations, individual traders and partnerships) which refers to all tools and equipment such as utensils, dishes and cutlery used for preparing and cooking, store, serve and wash food and beverages. These are available in several modes, such as manual, semi-automatic and fully automatic. These aim to deliver the right amount of served food at an optimum temperature, ensuring higher levels of productivity for the end user.
Global Foodservice Equipment Market Trends
Technological advancement is a key trend gaining popularity in the catering equipment market. The market is witnessing the implementation of advanced technologies such as automation, virtual control systems, sensory systems, robots, fusion technology machines and others to enable more efficient operations of catering equipment. Major companies operating in the catering equipment market are focusing on providing technologically advanced equipment to strengthen their position in the market.
Segments of the global catering equipment market
By equipment: food preparation equipment, beverage preparation equipment, heating and holding equipment, cooking equipment, refrigerators and coolers, cooking equipment, display cases, dishwashing equipment, other
By distribution channel: online, offline
Per End User: Full Service Restaurant, Quick Service Restaurant, Institutional, Other
By Geography: The global catering equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East & Africa. Among these regions, Asia-Pacific accounts for the largest share.
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The Global Foodservice Equipment Market Report 2022 is part of a series of new reports from The Business Research Company that provide Foodservice Equipment market overviews, analysis and forecasts of market size and growth. For Global Foodservice Equipment Market, Global Foodservice Equipment Market Share, Global Foodservice Equipment Market Segments and Geographies, Global Foodservice Equipment Market Players, Key Competitor Revenues, Profiles and Market Shares of the global catering equipment market. The Foodservice Equipment Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC Global Foodservice Equipment Market 2022 report includes information on the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: AB Electrolux, Ali Group Srl a Socio Unico, Dover Corporation, Duke Manufacturing, Haier Group, SMEG SpA, The Middleby Corporation, Illinois Tool Works Inc, Welbilt Inc, Comstock-Castle Stove Co Inc, Cambro Manufacturing Co Inc , Hoshizaki Electric Co Ltd, Fujimak Corporation, Electrolux Professional, Alto-Shaam Inc, Standex International Corporation, The Vollrath Company LLC, ITW Food Equipment Group, Meiko, Tupperware and Hobart Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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