Food Service Equipment Market

Transparency Market

Research

Food Service Equipment Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast

2014 – 2020

Published Date

2015-05-22

126 Page Report

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Press Release

Food Service Equipment (Commercial Refrigeration) Market is

Expected to Reach USD 44,326 million in 2020

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Food Service Equipment

Market

REPORT DESCRIPTION

Food Service Equipment Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2014 – 2020

According to a new market report published by Transparency Market Research “Food Service

Equipment - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,”

global food service equipment (commercial refrigeration) market was valued at USD 31,544

million in 2013, growing at a CAGR of 4.8% from 2014 to 2020 to account for USD 44,326 million

in 2020.

Browse the full Food Service Equipment Market report at

http://www.transparencymarketresearch.com/food-service-equipment.html

The food service equipment (commercial refrigeration) market is primarily being driven due to

extensive growth in the hospitality industry. Moreover, the changing food habits is also

attributing to the growth of the market. The busy lifestyle of the working population is creating

the need for ready to cook food that can be stored in refrigerators. This in return is fuelling the

growth of commercial refrigeration market. In addition, the continuous advancement in the

cooling technologies is ensuring the need for energy efficient refrigeration in the hospitality

sector. Furthermore, the growth in retail outlets and supermarkets is also attributed to the growth

in the market.

The market has been segmented in two parts: by types and regions. By types, the walk ins

coolers and freezers held the highest market revenue...