About Catering Equipment
The global catering equipment market is expected to grow in the future due to an increasing number of hotels and restaurants, cafes in developing countries and growth in the hospitality sector. Catering equipment is used to prepare, serve, and store food in hotels, restaurants, cafes, hospitals, and nursing homes. Technological advancement in the development of equipment and products boosting the catering equipment market in the forecasted period
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Catering Equipment market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Catering Equipment Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive Analyst at AMA Research estimates that Chinese Vendors will contribute the maximum growth to Global Catering Equipment market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kohler Co. (United States), GE Appliances (United States), Fotile (China), Midea Group (China), Vatti (China), ROBAM Group (China), Siemens AG (Germany), Guangdong Galanz Group Co., Ltd (China), Le Creuset (France), Fissler (Germany) and Taylor UK (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are LaCornue (France), Zwilling J. A. (Germany) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Catering Equipment market by Type (Food Handling Equipment (Food Containers, Cabinets, Food Conveyors, Trolleys, and Others), Refrigeration Equipment (Refrigerators, Freezers, Chillers, and others), Cooking Equipment (Steamers, Grills, Toasters, Fryers, Cookers, and Others) and Food Preparation Equipment (Mixers, Peelers, Cutters, and Others)), Application (Restaurant, Home and Others) and Region.
On the basis of geography, the market of Catering Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Hypermarket and Supermarket will boost the Catering Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement in the Development of Equipment and Products that Help to Comply with Hygiene
Market Growth Drivers:
Rising Number of Hotels and Restaurants, Cafes in Developing Country and Growth in Hospital Sector in both Developed and Developing Country
Challenges:
Lack of Awareness in Underdeveloped Countries
Restraints:
High Cost of Advanced Equipment
Opportunities:
Development in Healthcare Sector Globally and Expansion of the Hotel Industry in Emerging Country
Market Leaders and their expansionary development strategies
In June 2023, Hivest Capital has acquired AviusULD & Driessen Catering Equipment to create CCE Group, a new aerospace platform.
In Dec 2019, Taylor UK has introduced the L810 triple platen clamshell grill, with three independently-controlled cooking zones. It is designed to offer grilling versatility for cooking multiple dishes on the same appliance with precisely controlled cooking times and temperature
Key Target Audience
Catering Equipment Manufacturers, Catering Equipment Suppliers/Distributors, Raw Materiel Suppliers, Catering Equipment End-Users and Potential Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.