Food Service Equipment Market worth USD 44.8 billion by 2027

1. Market Research Report EXCLUSIVE EDITION Global Food Service Equipment Market Research Report Global Industry Analysis, Forecast and Trends, 2021-2027 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Global Global Food Service Equipment Market Food Service Equipment Market Research Report Research Report © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

3. ABOUT MARKET STATSVILLE GROUP (MSG) Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG was initiated its working in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services. Market Statsville is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in the form of market sizing, analysis, and incisive business insights. MSG experienced research analysts are proficient at digging deep and providing a variety of customizable data that help you make decisions with clarity, confidence, and impact. Market Statsville is your global data intelligence partner for reliable market research data, data gathering, and analytical services. MSG also has an extensive network of top-flight domestic and global research personals around the world, enabling us to provide high-quality worldwide research solutions that cater to a well-established company, government organizations, or a startup. MSG's clients have the authority to work directly with one or more of our researchers to gather the most useful data knowledge and analytical plan to formulate it in the actual practice. Market Statsville Group believes that to succeed, companies or individuals must blend digital and human capabilities most efficiently. MSG diverse and experienced global team of business consultants and market researchers will ensure the valuable reports for our clients through digging in-depth market information and functional expertise to continuously spark the changes and real-time valuation of variation in the market/industry. MSG works in a uniquely collaborative model throughout the business process across the globe to assist the client's company with the most accurate information that they are aiming for in the reports. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

4. RESEARCH PROCESS Our research is an optimum culmination of secondary and primary research, with the latter playing a major role. We also have an in-house repository and access to a number of external regional and global paid databases to help address specific requirements of our clients. The research process begins with a holistic secondary research, followed by expert interviews. The information gathered is then comprehensively analyzed by our highly experienced in-house research panel © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

5. Food Service Equipment Market 2021: Industry Size, Regions, Emerging Trends, Growth Insights, Development Scenario, Opportunities, and Forecast By 2027 Food Service Equipment Market by Product Type (Storage & Handling Equipment, Cooking Equipment, Warewashing Equipment, Food & Beverage Preparation Equipment), by End-Use (Full- service Restaurants & Hotels), by Region – Global Forecast to 2027 Market Overview The Market Statsville Group (MSG) publishes the new report on the "Food Service Equipment Market by Product Type Outlook (Cooking Equipment, Storage & Handling Equipment, Warewashing Equipment, Food & Beverage Preparation Equipment, and Serving Equipment), by End-Use Outlook (Full-service Restaurants & Hotels, Quick Service Restaurants & Pubs, and Catering), by Region – Global Share and Forecast to 2027". The food service equipment market size globally was valued at USD 23,839.4 million in 2020 and is estimated to be USD 44,810.8 million by 2027, growing a CAGR of 5.7% from 2021 to 2027. An increase in awareness to save water and electricity contributes toward the growth in demand for low- energy consuming products. The refrigerators used in hotels and retail stores release greenhouse gases, such as hydrofluorocarbons (HFCs) and chlorofluorocarbons (CFCs) as refrigerants, which have a negative impact on the environment. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

6. In addition, the rise in consumption of such refrigerants leads to the low performance of compressors, which incur additional costs. European Union’s F-Gas Regulation and EPA standards mandate to limit the use of chlorofluorocarbons (CFCs) and hydrochlorofluorocarbons (HCFCs) in refrigerators. In addition, improved productivity and minimal emissions of greenhouse gases are vital factors expected to drive the adoption of commercial ovens and refrigerators. Browse 211 market data Tables and 63 Figures spread through 234 Pages and in-depth TOC on "Food Service Equipment Market Research Report 2021-2027.“ Get Free Sample Report: https://www.marketstatsville.com/request-sample/food-service-equipment-market Global Food Service Equipment Market Segmentation The overall food service equipment market has been segmented into the product, end-use, and region. •By Product Type (Cooking Equipment, Storage & Handling Equipment, Warewashing Equipment, Food & Beverage Preparation Equipment, and Serving Equipment) •By End-Use (Full-service Restaurants & Hotels, Quick Service Restaurants & Pubs, and Catering) •By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru) © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. Buy Now at 25% discount: https://www.marketstatsville.com/buy-now/food-service-equipment-market Full-service restaurants & hotels, by end-use, is estimated to hold the largest market share during the forecast period By end-use, the global food service equipment market is segmented into full-service restaurants & hotels, quick-service restaurants & pubs, and catering. The full-service restaurant & hotel segment was the highest contributor to the market, with a market share of 72.3% in 2020. Full-service restaurants & hotels include upscale full-service facilities. These food chains offer a wide variety of food & beverages along with other facilities such as accommodation and luxury amenities. Luxury dining is popular among high-income tourists and affluent customers. The inclination of consumers toward new cuisines at a reasonable cost boosts the adoption of new technologies for preparing quick-served foods among full-service restaurants. For instance, in October 2014, Greg Malouf opened Clé Dubai, a full-service restaurant, which offers contemporary and delicacies of traditional Arabian dishes. In 2015, Vikas Khanna launched his full-service restaurant chain, Junoon, in the Asian market. Similarly, Sergi Arola launched P&C in the European market in the same year. Ongoing trends of luxury dining and tourism are expected to drive the demand for full-service restaurants. In addition, high disposable income boosts the spending capacity of consumers on luxury amenities. Furthermore, an upsurge in shopping centers at business hubs across the globe leads to the proliferation of full-service restaurants. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. Don't miss out on business opportunities in Food Service Equipment Market. Speak to our research analyst and gain crucial market insights that will benefit your business grow. North America accounts for the largest market share in the food service equipment market 2020 Based on the regions, the global food service equipment market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America accounted for the highest market share of 34.6% in the global food service equipment market and was anticipated to maintain its dominance throughout the forecast period. Food service equipment manufacturing companies operating in the global market, namely Ali Group North America, Dover Corporation, Illinois Tool Works Inc., and others, are headquartered in North America, making it a competitive market. Food service solutions find applications in a wide variety of industries, including hotels, fast food outlets, and institutional cafeterias in North America. The North American hospitality market dominates in using food service equipment, owing to the high adoption of advanced products and an increase in demand for processed food in the region. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. Over the past years, the food service industry has witnessed significant growth in terms of technology and affordability of products. Commercial food joints, including cafes, pubs, and restaurants, prefer using automated equipment. Belshaw Adamatic Bakery Group (a subsidiary of Ali Group North America) introduced divider rounder, donut systems, and makeup lines to produce donuts and bread rolls. Market players have heavily invested in food equipment solutions for automating their processes and delivering high-quality products to cater to customers' growing needs. In terms of growth, the fast-food chain & restaurant segment dominate the North American food service market. The key factor driving the growth of the North America food service equipment market is the early adoption of automation in commercial kitchens. The availability of affordable, high-quality, and safety equipment in the market allows small companies to explore and implement kitchen solutions for various applications. In addition, the rise in the cost of skilled labor drives companies toward the adoption of food service equipment. This research report includes a study on the development and marketing strategies, along with the product portfolios and winning strategy of the leading companies operating in the food service equipment market. It also consists of the profiles of leading companies such as Duke Manufacturing Co. Inc., Illinois Tool Works (ITW), Inc., Welbilt, Inc., Middleby Corporation, Electrolux, Dover Corporation, Ali Group S.r.l. a Socio Unico, Comstock-Castle Stove Co., Inc., Alto-Shaam, Inc., Alto-Shaam, Inc., and Cambro Manufacturing Co. Inc. These market players have focused on acquisitions and expansion to gain a larger market share in the food service equipment market. Browse complete report: https://www.marketstatsville.com/food-service-equipment-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

10. Research Methodology Market Statsville Group (MSG) research is conducted by industry experts who offer insight into industry structure, market segmentation, product assessment, competitive landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years by analyzing historical trends and current market positions. Furthermore, the varying trends of the segments and categories are geographically presented, studied, and estimated based on primary and secondary research. Primary Primary Research Research – – Extensive primary research was conducted to gain a deeper insight into the market and industry performance. In this particular report we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers) of the major players who are active in the global software testing market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next six years. Secondary Secondary Research technical, market-oriented, and commercial study of the global software testing market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization, some paid databases, and many others. Research – –Secondary research was mainly used to collect and identify information useful for the extensive, © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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