The food service equipment is mainly used to complement the outlet theme and to elevate the guest experience. These equipment can be categorised into different groups such as equipment used for kitchen purpose, cooking, ware washing, food holding and storing, and other types of equipment. Glassware, including glass and drinkware items are usually made up of glass and used for drinking purposes. Various other types of tableware such as crockery cutlery and linen, are often used for serving and eating meals.
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The primary factor boosting the demand of the global food service equipment market is the continuous expansion in the food service industry driven by the growing demand for food and rising population rate. The changing lifestyle of the working-class population is leading to a surge in demand for ready-to-cook food products to save time. This fundamental shift will have a positive impact on the growing demand of the market in the coming years. The food service equipment is used for serving food items, storing the left over food, and to heat the cooked food in microwave. Various market players are mainly focusing on bringing technological innovation in the market, such as the introduction of the Internet of Things (IoT), to gain a competitive advantage over the other players. Food service equipment vary in size and range depending on the type of hospitality businesses and their individual needs. The growing number of government initiatives supporting cleanliness and hygiene requirements in the commercial kitchens across hotels and restaurants will further accelerate the demand of the market. Moreover, the rapid digitization and the rising adoption of technologically advanced products will complement the growing demand of the global food service equipment market over the forecast period.
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Various notable players operating in the market, include AB Electrolux, Ali Group, Dover Corporation, Duke Manufacturing, Fujimak Corporation, Haier Inc., Hoshizaki, Illinois Tool Works Inc., The Middleby Corporation, Manitowoc, among others.
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The global Food Service Equipment market has been segmented on the basis of product, end-user and region. Based on product, the market is segmented into Kitchen Purpose, Refrigeration, Ware Washing, Food Holding and Storing. Based on end-user, the market is segmented into FSR, QSR, Institutional and Others.
Key questions answered in this research report:
- At what pace is global food safety testing market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in food safety testing market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global food safety testing market?
- What are the various application areas of global food safety testing market and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
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