Food Service Equipment Market to expand at a CAGR of 5.2%, by 2024

Report Id : REP-GB-1578 Published On : June-2016 Category : Industrial Automation & Equipment

Food Service Equipment Market: Global Industry Analysis and Opportunity Assessment 2016 - 2024

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Research Methodology (1/2)

SYSTEMMATIC RESEARCH APPROACH

1

Market Profiling

Formulating discussion guide

2

Developing list of respondents

3

Data Collection

In-depth secondary research is used to arrive at overall market size, top industry players, top products, industry associations, etc

In order to conduct expert and industry interviews, FMI formulates a detailed discussion guide

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Identifying key opinion leaders

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Questionnaire design

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In depth interviews

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Coverage across value chain

Data Filter & Analysis

Research & Actionable Intelligence Insights

A Primary Research

List of industry players (manufacturers), distributors, retailers, industry experts

SOLUTION

4

Data Collection

5

Data Validation

6

Data Analysis

Insights

7

FMI conducts interviews with industry experts, industry players, distributors and retailers

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Business Solution

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Market Participants

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Key Strengths

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Product Portfolio

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Mapping as per value chain

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Key focus segments

Primary Research # • • • • •

Linkedin Zoominfo Salesforce Hoovers Onesource

B Desk Research

C

Company Analysis

Key Industry Experts

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Channel Study

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Developments

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Market Dynamics

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Products

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Conclusions

Paid Publications#

Secondary Research # • Company Websites • Company Annual Reports • White Papers • Financial Reports

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Factiva GBI Genios Meltwater

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Food Service Equipment Market

Food Service Equipment Market Revenues to Reach US$ 28.9 Bn in 2016; Low Crude-Oil Prices and Declining Unemployment Rate Driving Demand Food service equipment market revenues will witness another year of stable growth for 2016, increasing by 4.4% in 2016 to reach US$ 28.9 Bn in revenues. The food service equipment market in North America (US and Canada) will continue its upward momentum in 2016, driven by declining unemployment rates and prevailing low crude oil prices. Growing popularity of quick-service restaurants will also create growth opportunities in the region.

Low crude oil prices will also influence demand in Europe and Asia Pacific, with these key regions growing at 3.6% and 7.1% respectively in 2016. Gains from lower shipping costs, combined with higher sales, on account of steadily improving employment rate, will continue to positively influence the market in these two markets.

By product type, cooking and baking equipment will continue to be the leading segments in terms of revenue, whereas food preparation equipment will witness robust growth rate of 6.1% in 2016.

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Food Service Equipment Market

Full-service restaurants will remain the largest end-users, with total demand expected to reach US$ 19.1 Bn in 2016. Mushrooming of quick-service restaurants will have a favourable impact as far as overall demand is concerned, whereas caterers and hotels & club restaurants will provide additional support to sustain favourable growth for another year.

Manitowoc Foodservice Inc, Middleby Corporation, and Ali Group are the three prominent players in the global food service equipment market. Collectively, these companies account for 11.2% revenue share of the market. The key strategy of leading players in the food service equipment market is to expand through acquisition of regional players that have strong distribution networks. Furthermore, key players are using online platforms, including websites, apps, and social media to connect with their end-users.

Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-1578 Long-term Outlook: The global food service equipment market will expand at a steady CAGR of 5.2% through 2024 and reach US$ 42.92 billion in revenues.

Table of Content

1. Research Methodology 2. Assumptions & Acronyms

3. Executive Summary 4. Foodservice Equipment Market Overview 4.1. Market Taxonomy

4.2. Market Scenario – Optimistic, Likely, Conservative 4.3. Market Value, 2015–2024 5. Foodservice Equipment Market Dynamics

5.1. Macroeconomic Drivers

Table of Content

5.2. Demand/Supply side Drivers 5.3. Restraints

5.4. Impact Analysis 5.5. Trends 6. Foodservice Equipment Market, By Product Type 6.1. Introduction, By Product Type 6.1.1. Market Share Analysis 6.1.2. Incremental Opportunity by Product Type 6.1.3. Attractiveness Index Analysis 6.1.4. Trends, By Product Type

Table of Content

6.2. Food Preparation Equipment 6.2.1. Market Value and Y-o-Y Growth Projection 6.2.2. Absolute $ Opportunity 6.3. Cooking Equipment 6.3.1. Market Value and Y-o-Y Growth Projection 6.3.2. Absolute $ Opportunity 6.4. Heating & Holding Equipment 6.4.1. Market Value and Y-o-Y Growth Projection 6.4.2. Absolute $ Opportunity 6.5. Refrigerators & Chillers 6.5.1. Market Value and Y-o-Y Growth Projection 6.5.2. Absolute $ Opportunity

Table of Content

6.6. Baking Equipment 6.6.1. Market Value and Y-o-Y Growth Projection 6.6.2. Absolute $ Opportunity 6.7. Merchandisers 6.7.1. Market Value and Y-o-Y Growth Projection 6.7.2. Absolute $ Opportunity 6.8. Dishwashers 6.8.1. Market Value and Y-o-Y Growth Projection 6.8.2. Absolute $ Opportunity 6.9. Other F&B Service Equipment 6.9.1. Market Value and Y-o-Y Growth Projection 6.9.2. Absolute $ Opportunity

Table of Content 7. Foodservice Equipment Market, By End Use Segment 7.1. Introduction, By Light Type 7.1.1. Market Share Analysis 7.1.2. Incremental Opportunity by End Use Segment 7.1.3. Attractiveness Index Analysis 7.1.4. Trends, By End Use 7.2. Full Service Restaurants 7.2.1. Market Value and Y-o-Y Growth Projection 7.2.2. Absolute $ Opportunity

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