Rise in Numbers of Hotels and Restaurants to Trigger Global Food Service Equipment Market: Transparency Market Research

Rise in Numbers of Hotels and Restaurants to Trigger Global Food Service Equipment Market

Food Service Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

The global food service equipment market has emerged significantly in recent past and is expected to maintain its pace. Increase in demand for eco friendly appliances and rise in hygiene awareness and concern has led to the increasing demand for food service equipment. In addition to this, modern designs and features associated with various food service equipment are also adding to the rise in demand of the equipment in restaurants, hotels, fast-food joints, educational institutes, and hospitals among others. The modern food service equipment are not only effective and eco-friendly but also assist in reducing expenses, which is eventually helping to boost their demand globally.

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Food Service Equipment Market - Studying the Trends

The global food service equipment market is studied on three fronts: Product types, washware equipments, and geography.

According to the product type, the food service equipment market is classified into kitchen purposes, storage, refrigeration, food holding & serving, warewashing, and others. As the technology advanced, the different food service equipment made food preparation more effective and efficient. These equipment help meet the hygiene and sanitation standards set by different food regulatory bodies.

Kitchen purpose equipment was accounted for the largest market share in 2013 amongst the product types of food service equipment followed by refrigeration. The key reason behind the dominance of kitchen purpose equipment in the market is owing to food preparation being an integral part of every kitchen. Various types of equipment are used for preparing different...