Catering Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026


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Transparency Market Research

$ 5795

Catering equipment is used to prepare, serve, and store food in hotels, restaurants, hospitals, cafes, and nursing homes. The global catering equipment market is expected to witness tremendous growth in the near future. Increasing number of hotels and restaurants, cafes and food joints, and hospitals and nursing homes are contributing to the growth of this market. Some of the catering equipment is also used to wash food items, utensils, and crockery.

The demand for catering equipment is driven by the overall improvement in an economy and the strong resilience of the hospitality sector. Key factors influencing the market include the increasing levels of consumer confidence and the very strong growth in the eating out sector. The market is expected to grow at a significant pace in the next few years due to product development with higher hygiene standards, the development of restaurant and hotel chains, and the demand for small and more sustainable products.

New product development is a major growth driver of demand for catering equipment. The current focus is directed toward the development of equipment and products that help to comply with health and hygiene, and safety regulations. Technological advancement such as wash zones or separate drawers to allow the dishwasher to run a half-load, steam cycles to clean, dry, and sanitize dishes in dishwashers, utensil cleaners etc., have also resulted in reducing the level of water usage.

Price competition, particularly from low value imports, and life-span of products is affecting the growth of the catering equipment market negatively. Longer life span of products reduces the replacement cycle. Absence of stringent government regulations is one of the major factors affecting the growth of the catering equipment market across the globe. Further, poor quality of low cost catering equipment, high cost of advanced equipment, and less demand in under developed countries acts as major restraints to the market.

The global catering equipment market can be segmented based on product type, end users, distribution channel, and geography. In terms of product type, the market can be classified into cooking equipment, food handling equipment, refrigeration equipment, food preparation equipment, and other catering equipment. Cooking equipment and food handling equipment are the two largest sectors of the market. The cooking equipment can be further segmented into grills, fryers, steamers, toasters, cookers, and others. Food handling equipment can be classified into food containers, food conveyors, cabinets, trolleys, and others. Refrigeration equipment can be divided into freezers, chillers, refrigerators, and others. Food preparation equipment include mixers, peelers, cutters, etc. whereas other catering equipment include bar equipment, tea and coffee making equipment etc. Based on end-use, the market is segmented into full-service restaurants & hotels, quick-service restaurants, pubs, and caterers. In terms of distribution channel, the market can be divided into online and offline channels. Offline market is further segmented into hypermarket and supermarket, convenience store, and others. Geographically, the market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Key players operating in the catering equipment market include Kohler Co., GE Appliances, Robert Bosch GmbH, Siemens AG, and DE&E Appliances Co., Ltd. Other prominent players include Ningbo Fotile Kitchen Ware Co., Ltd, Sakura, Space Group, Urban Ladder, Fabfurnish.com, FISSLER, Häcker Küchen, and Godrej & Boyce. There are also a large number of regional manufacturers of catering equipment, making the catering equipment market fragmented in nature.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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