New Market Analysis Report on Food Service Equipments Market and Forecast 2013 - 2019
Albany, New York USA (PRWEB) April 20, 2014
Transparency Market Research Reports included a detailed market survey and analysis trends on “Food Service Equipments Industry”. This report also includes more info about basic overview of the industry including definitions, applications and global market industry structure.
Food service equipments are useful in transporting and dispensing or serving prepared foods in restaurants. Food service equipments include all types of commercial equipments in kitchens used for preparation, refrigeration storage, and food holding & serving. The four basic categories into which food service equipments are classified are cleaning, cooking, food preparation and refrigeration. These four areas are needed in hospitality business like hotels and restaurants.
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The types of food service equipments depend on type of commercial eatery. For example, though all kitchens require oven, not all kitchens will require same size of oven. Electric dishwashers are used in majority of restaurants although some restaurants may use hand wash. Soda dispensers, Milk shake mixers and coffee makers are other most common food service equipments. With the rising trends of dining out, food service equipments industry has been experiencing a direct growth. Increase in self service cafeteria chains has also been driving food service equipments market. Also increasing demand of quick service by customers has led to growth of the food service equipments industry. The major restraint of food service equipments market can be accounted by the fact that many hotels do not invest in labor-saving equipments as junior hotel staff are available at much cheaper rates. Also benefits such as high sea sale and bonded ware house are not allowed to some of foreign companies. The key entry strategy for food service equipments market is that the manufacturers should meet the client expectations on landed price, warranty period, and timelines.
Asia Pacific is the largest consumer of food service equipments market trailed by U.S. and Europe. Lately Asia-Pacific has been showing relatively quicker growth and is expected to be the dominant markets in terms of price competitiveness and continuous expansion. Some of the key players of food service and equipments market include Tupperware Brands Corp., Libbey Inc., San Jamar, LG Pvt. Ltd, Morphy Richards, Seimens Ltd, Vollrath Co., Manitowoc Company Inc., Cambro, and Alto Shaam.
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