World Food Service Equipment Market to Register 4.55% CAGR through 2021, Predicts Azoth Analytics in New Report Available at MarketPublishers.com09 Feb 2017 • by Natalie Aster
LONDON – The worldwide market for food service equipment is projected to gain traction in the years ahead, fueled by increasing per capita disposable income, enhancing need to replace or upgrade the existing equipment, escalating concerns of food safety and health, and also lower unemployment rate. This market is predicted to register a modest CAGR of 4.55% up through 2021.
At present, the biggest share of the overall food service equipment market belongs to the refrigeration and ice machine equipment segment. This segment also takes lead in terms of growth pace.
Regionally, North America is the top market for food service equipment. Its leading position is attributed to well-established foodservice industry and strong demand for energy-efficient and technologically advanced equipment from restaurants in the region.
New report prepared by Azoth Analytics titled “Global Food Service Equipment Market – By Product Type, By End User, By Region, By Country (2016-2021)” includes an all-round analysis of the market performance at global, regional and country scales. It gives access to important industry performance statistics and estimates, gives reliable data on the market dynamics, size, shares, segments, drivers, threats, restraints and opportunities. This publication sheds light on the competitive scenario in the global food service equipment market, uncovers details on the leading companies, touches upon the prevailing and emerging development trends, discusses major regulative policies and also provides access to future forecasts for the world’s food service equipment market through 2021.
For other reports by Azoth Analytics, follow to this Market Piblishers’ online catalogue.