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The Europe Food Service Equipment Market Size would grow at 4.8% CAGR during the forecast period (2016 - 2022).
Food service equipment market consists of cooking equipment, storage & handling, ware washing, food & beverage preparation equipment, and serving equipment. Companies into manufacturing of foodservice equipment have considerably improvised the product offerings, as the demand for technologically advanced kitchen equipment is growing steadily. Large Food Changes has contributed in the growth of food service equipment market. Food Brands are growing strong with the increasing demand of various foods & beverages in the market.
Different food companies are implementing their new chains in different parts of the world. One of the growing numbers of brands chain includes caf? and fast food chains. According to the statistics, global food chains like McDonald?s have around 18,710 outlests, KFC accounts for 11,798, Subway accounts for 10,109, and so on. In coming years, more restaurants are expected to start their food chains worldwide. Hence, growing number of large food chains would ultimately increase the demand for food service equipment and market.
The report segments the Europe food service equipment market based on product type, end users, and Country. Based on product types, the market is segmented into cooking equipment, warewashing equipment, storage & holding equipment, food & beverage preparation equipment, and serving equipment. Storage & handling equipment is projected to be the fastest growing segments. The Europe food service equipment market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe. Based on end users, the market is segmented into full-service restaurants & hotels, quick-service restaurants & pubs, and caterers.
The use of food service equipment is highest in full-service restaurants & hotels. The major players profiled in this report include Haier Group Corporation, AB Electrolux, Duke Manufacturing Co. Inc., Dover Corporation, Illinois Tool Works (ITW) Inc., The Manitowoc Company, Inc., The Middleby Corporation, and Fujimak Corporation.