Routine amends are performed by government agencies for food regulations which must be complied by the industry players. For instance, in June 2018, ACP, Inc, a sub-division of Ali Group achieved the ISO 9001:2015 certificate for their range of heating ovens. This certification states the high level of performance and ease of utility of these ovens for commercial use.
The article cited AMA's "Global Food Service Equipment Market Study" explored substantial growth in United States and CAGR of 6.0%. According to the report, Rapidly Changing Digital Scenario
is one of the primary growth factors for the market. Growing Demand for Automated Process within Commercial Kitchens
is also expected to contribute significantly to the Food Service Equipment market. Overall, Hotels
applications of Food Service Equipment, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Food Service Equipment market identified that the demand is rising in many different parts of the world as "Growth of Ancillary Market such as Restaurant Automation Systems, Supporting Industry Growth
". Furthermore, some recent industry insights like "On February 7, 2024, Ali Group (Italy) announced the launch of its new EverDine by Electrolux Professional line of kitchen equipment, targeting the fast-casual and quick-service restaurant segment." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Food Service Equipment market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Food Service Equipment market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Food Service Equipment market size is calculated using market estimation process, the Food Service Equipment market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Food Service Equipment market size has been validated using both top-down and bottom-up approaches.