Food Service Equipment Market Research and Forecast Report 2023-2028

1. Global Food Service Equipment Market Research and Forecast Report 2023- 2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Food Service Equipment Market Research Report: The latest report by IMARC, titled “Food Service Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” finds that the global food service equipment market size reached US$ 36.4 Billion in 2022. Food service equipment comprises various tools, utensils, cutlery, and crockery used in different food service areas. Some of the commonly utilized equipment includes stoves, ovens, slicers, fryers, wet grinders, mixers, blenders, peelers, refrigerators, dishwashers, trolleys, and storage racks. It assists in preparing, cooking, serving, handling, and storing food items efficiently. As a result, food service equipment is widely employed in households, restaurants, and commercial kitchens to reduce human effort, save time, and improve productivity. Request market/requestsample Free Sample Report: https://www.imarcgroup.com/food-service-equipment-

4. Report Description and Highlights Report Description Global Food Service Equipment Market Trends: Significant growth in the hospitality sector and changing food consumption patterns represent the primary factors driving the market growth. In addition, there has been an escalating demand for fast food due to the expanding working population, hectic lifestyles, inflating disposable incomes, and rapid urbanization. Along with this, the implementation of stringent food control standards by governing agencies of various countries has augmented the demand for advanced food service equipment. Besides this, with the rising health consciousness among consumers, various commercial food service establishments are offering healthy meal options and focusing on improving food safety, thereby positively influencing the market growth. Furthermore, the leading equipment manufacturers are introducing automated multi-use equipment integrated with innovative technologies, such as the Internet of Things (IoT) and big data, to facilitate remote maintenance and self- diagnosis. In line with this, the surging popularity of smart food service equipment that enables restaurants to ensure food safety, reduce costs, minimize food wastage, and improve traceability has accelerated the product adoption rate. Other factors, including the increasing popularity of outdoor and takeaway dining, emerging food tourism trends, rising adoption of energy-efficient appliances, rapid digitalization, and technological advancements, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 49.7 Billion by 2028, expanding at a CAGR of 5.2% during the forecast period (2023-2028). Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: Product Type Insights: • Cooking Equipment • Storage and Handling Equipment • Warewashing Equipment • Food and Beverage Preparation Equipment • Serving Equipment Distribution Channel Insights: • Online • Offline End Use Insights: • Full-service Restaurants and Hotels • Quick-service Restaurants and Pubs • Catering Regional Insights: • North America

6. Report Description and Highlights Report Description • United States • Canada • Asia-Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa

7. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • AB Electrolux Ali group s.r.l. a socio unico Alto-Shaam Inc. Cambro Manufacturing Comstock-Castle Stove Co. Inc Dover Corporation Duke Manufacturing Illinois Tool Works Inc. The Middleby Corporation Welbilt View Full Report with TOC & List of Figure: https://www.imarcgroup.com/food-service-equipment- market

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9. We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients A partial List of our Clients

10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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