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September 25, 2022

The food service equipment market consists of sales of food service equipment by entities (organizations, sole traders and partnerships) that refer to all tools and equipment as and utensils, crockery and cutlery used to prepare and cook, store, serve and wash. food and beverage products.

New York, Sept. 12, 2022 (GLOBE NEWSWIRE) — announces the release of the “Food Service Equipment Global Market Report 2022” report – These come in several modes such as manual, semi-automatic, and fully automatic.

These aim to provide the correct amount of food served at the optimum temperature, ensuring higher levels of end user productivity.

The main types of equipment in the food service equipment market are food preparation equipment, beverage preparation equipment, heating & housekeeping equipment, kitchen equipment, refrigerators & chillers, baking equipment, merchandisers, dishwashing equipment, other F & B service equipment. Food preparation equipment refers to equipment used to process numerous foods efficiently.

Food preparation equipment includes kitchen utensils, food blenders, processors, slicers & peelers, mixers & grinders, and others. Food service equipment is distributed online and offline.

Food service equipment is used by full service restaurants, quick service restaurants, institutions and others.

The Food Service Equipment Market research report is one of a series of new reports that provide statistics on the Food Service Equipment market, including the global market size of food service equipment industry, regional shares, competitors with food service equipment market share, detailed segments of the food service equipment market food , market trends and opportunities, and any other data you may need to thrive in the food service equipment industry. This Food Service Equipment market research report offers a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The global food service equipment market 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 food service equipment market is expected to grow to $39.16 billion by 2026 at a compound annual growth rate (CAGR) of 5.31%.

The growing online food service sector is contributing significantly to the growth of the food service equipment market. The online food service is growing due to the convenience offered, accessibility to all, the expansion of choices, reasonable prices and others.

In particular, during the COVID 19 pandemic, as people needed to maintain social distance and follow safety guidelines, customers began to order online more frequently to reduce physical interaction between customers and the facilitator. be implemented to meet market demand, resulting in significant demand for food service equipment.

For example, according to a report by one of the big four management consulting firms Deloitte, the online food delivery sector is expected to grow by more than 10% annually to around $25 billion across Europe from 2023. This growth is the result of faster, more convenient options associated with the increase in income.

Also, according to a report by Google and Boston Consulting Group (BCG), the Indian online food industry is expected to reach $8 billion by the end of 2022, growing by 25-30%. Thus, the growing sector of online food services will drive the growth of the food equipment market.

Technological advancement is a key trend that is gaining popularity in the food service 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 food operations. service equipment.

The main companies operating in the food equipment market are focused on providing advanced technological equipment to strengthen their market position. and the residential kitchen equipment company introduced PLEXOR, a next-generation ventless automated oven.

It is a multi-technological, flexible cooking platform that allows the automated operation of different oven modules with a single user interface and a single plug. This technology benefits the company by simplifying customer preferences, optimizing work, and increasing service speed without compromising product/service quality standards.

In December 2021, Ali Group, a food service equipment company based in Italy, acquired The Montague Company for an undisclosed amount. This acquisition strengthens the Ali Group as a leader in the global commercial food service equipment market and expands growth opportunities to provide a brand-new dimension to serve the food service equipment industry. food service.

The Montague Company is a commercial kitchen equipment manufacturing company based in the United States.

The main players in the food equipment market are 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.

Asia Pacific was the largest region in the food service equipment market in 2021. North America is expected to be the fastest growing region during the forecast period.

Regions covered in the Food Service Equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, America the South, the Middle East and Africa.

The countries covered in the Food Service Equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and​​​​ USA. /p06319250/?utm_source=GNW

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