North America Food Service Equipment Market By Product Type (Cooking Equipment, Storage and handling equipment, Ware washing equipment, Food & beverage preparation equipment, Serving Equipment), End User (Full-service restaurants and hotels, Quick-service restaurants and pubs, Catering)
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Market Report Description
The North America Food Service Equipment Market Size is poised to grow at a market growth of 4.4% 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. Refrigerated food products are expected to boost the demand for food service equipment. Growth of advanced technology in refrigeration systems has increased the usage of food service equipment. Companies are also coming with advanced refrigeration technology. Companies like General Electric has developed leap in home refrigeration technology. The technology uses no refrigerants or compressors and is 20% more efficient than what is used today. Additionally, growing awareness for energy efficient products is adding more value to the rising demand of food service equipment. Food Safety has become of the major concern worldwide. According to the research, Each year in the United States, more than 33 million people become ill as a direct result of foodborne illness. Many Non-profit and other organizations are taking action plan to spread the awareness for the food safety. They are also promoting the usage of food service equipment, which have contributed a lot in the rising demand of the equipment.
The report segments the North America 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. Warewashers have been a popular choice, as the equipment play a crucial role in maintaining the hygiene and cleanliness of the kitchen and also automating cleaning of the used utensils and dishes. The North America food service equipment market is segmented into U.S, Mexico, Canada, and Rest of North America. 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.