Global
food service equipment (commercial refrigeration) market was valued
at USD 31,544 million in 2013, growing at a CAGR of 4.8% from 2014 to
2020 to account for USD 44,326 million in 2020.
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Food Service Equipment Market Report with Full TOC at
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The
food service equipment (commercial refrigeration) market is primarily
being driven due to extensive growth in the hospitality industry.
Moreover, the changing food habits is also attributing to the growth
of the market. The busy lifestyle of the working population is
creating the need for ready to cook food that can be stored in
refrigerators. This in return is fuelling the growth of commercial
refrigeration market. In addition, the continuous advancement in the
cooling technologies is ensuring the need for energy efficient
refrigeration in the hospitality sector. Furthermore, the growth in
retail outlets and supermarkets is also attributed to the growth in
the market.
The
market has been segmented in two parts: by types and regions. By
types, the walk ins coolers and freezers held the highest market
revenue accounting for USD 5,287.7 million in 2013. By volume, walk
ins registered 990,790 units sales in 2014. The demand for walk ins
are attributed to growth of hotels and restaurants in the hospitality
industry. In addition, walk ins are also used to store vaccines in
healthcare industry. This factor is also leading to the growth in the
market and North America is expected to dominate the market during
the forecast period.
By
region, North America led the food service equipment (commercial
equipment) market in 2014, accounting for 8,928.9 million. The
dominance of this region is based on the fact that North American
countries are early adapters of technologies. In addition, the rise
of hospitality industry in this region is also attributing to the
growth in this region. The region has grown by 5.6% in 2014 as
compared to the previous year. China has been analyzed to be the
fastest growing region by revenue and volume. The region is expected
to grow at a CAGR of 5.3% by revenue and 7.5% by volume during the
forecast period. The growth in the region is attributed to the
presence of major manufacturers of refrigeration equipment.
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Key
players have also been profiled on the basis of company overview,
financial overview, business strategies and recent developments in
the field of commercial refrigeration equipment. Major market
participants profiled in this report include Ali Group, Meiko, Hobart
Corporation, Fujimak Corporation, Hoshizaki Electric Co., Ltd.,
Rational AG, and Dover Corporation among others.
The
report studies the global food service equipment (commercial
refrigeration) market, and provides estimates in terms of revenue
(USD Million) from 2014 to 2020. Market estimates on the basis of
types and end user industry for each region.
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Press Release Of Food Service Equipment Market
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Food
Service Equipment (Commercial Refrigeration) Market: By geography
- North America
- Latin America (LAM)
- East (Europe)
- South West (Europe)
- North West (Europe)
- Central Europe
- Asia Pacific
- Russia
- China
- India
- Turkey & MEA (Middle East and Africa)
Food
Service Equipment (Commercial Refrigeration) Market: By product type
- Ice machines
- Refrigerated vending machines
- Beverage dispensers
- Glass Door Merchandisers (GDMs)
- Commercial fridges/freezers
- Blast freezers
- Ice cream machines
- Ice cream cabinets
- Walk ins
- Others
The
report provides a cross-sectional analysis of all the above segments
with respect to the following regions:
- North America
- Latin America (LAM)
- East (Europe)
- South West (Europe)
- North West (Europe)
- Central Europe
- Asia Pacific
- Russia
- China
- India
- Turkey & MEA (Middle East and Africa)
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foodservice equipment